Equity Sphere Research Services
Empowering Investors With Research-Driven Clarity
SEBI Registered Research Analyst | INH000025373
At Equity Sphere Research Services, we deliver independent, unbiased equity research and investment insights to help you navigate the Indian stock market with confidence and clarity.
The services offered by Equity Sphere Research Services are purely research-based. The research analyst shall not be held responsible for any losses arising out of investment decisions made based on our research. Past performance is not indicative of future results. Please read the risk disclosures carefully.
Standard Disclosure
1. purpose
The particulars present in this document has been prepared in accordance with SEBI (Research Analyst) Regulations, 2014.
The purpose of the document is to provide essential information regarding the research and recommendation services in a manner to assist and enable a client/prospective client in making an informed decision with respect to engaging in research and recommendation services.
For the purpose of the disclosure document, Research Analyst is PRIYANSHU MISHRA (hereinafter referred to as "Research Analyst" or "RA")
2. History, Present business & Background
PRIYANSHU MISHRA is a SEBI registered Research Analyst with registration no. INH000025373 valid from March 11, 2026 – March 10, 2031.
The research analyst is engaged in offering research and recommendation services based on technical and fundamental analyses to clients.
The research analyst does not offer any execution or distribution services.
3. Terms and Conditions of research services
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Research services will be limited to providing independent research reports and recommendations and will not involve any portfolio allocation, execution or distribution services.
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Research reports and recommendations are intended solely for your information and is not for public distribution. It may not be reproduced, transmitted, or distributed to any other person. Any individual who receives this document is required to adhere to these restrictions.
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This material is intended solely for the personal information of the authorized recipient and does not constitute a solicitation or invitation to engage in any transaction based on its contents. This report should not be interpreted as an offer to sell, or a solicitation to buy, any security in any jurisdiction where such offer or solicitation is unlawful. It is provided for the general information of clients of Interest and does not constitute a personal recommendation or take into consideration the specific investment objectives, financial circumstances, or needs of any individual client.
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The research analyst has exercised due diligence in verifying the accuracy and authenticity of the information contained herein, insofar as it pertains to current and historical data; however, no representation or warranty, express or implied, is made as to the accuracy or completeness of such information.
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The research analyst does not accept any liability whatsoever for any direct, indirect, or consequential loss arising from the use of this document or the information contained herein.
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The research analyst never guarantees returns on the recommendations provided. Past performance is never a guarantee or indication of same or similar future performance.
4. Disciplinary History
No penalties/directions have been issued by SEBI under the SEBI ACT or regulations made there under against the research analyst relating to research analyst services.
There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the research analyst.
5. Details of Associates
There are no associates employed by the research analyst currently.
6. Disclosures with respect to research and recommendations services
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The research analyst or associates do not trade in securities which is the subject matter of recommendation.
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The research analyst or associates do not have any financial interest in the subject company.
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The research analyst or associates do not have actual/beneficial ownership or 1% or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report.
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There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.
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The research analyst or associates have not received any compensation from the subject company in the past twelve months.
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The research analyst or associates have not managed or co-managed public offering of securities for the subject company in the past twelve months.
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The research analyst or associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
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The research analyst or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
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The research analyst or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
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The subject company was not a client during the twelve months preceding the date of distribution of the research report.
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The research analyst or associates have not served as an officer, director or employee of the subject company.
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The research analyst or associates have not been engaged in market making activity for the subject company.
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The research analyst shall provide all other disclosures in research report as specified by the board under any other regulations.
Equity Sphere Research Services | SEBI Reg. No.: INH000025373
Registration granted by SEBI, enlistment with BSE, certification granted by NISM in no way guarantees the performance of the research analyst or provides any assurance of returns to the investors.
SEBI Registered | Reg. No. INH000025373
Independent Research | Conflict-Free Recommendations
Investor First | Compliant & Transparent
SEBI Compliant | Full Regulatory Adherence
Equity Sphere Research Services is a SEBI-registered independent research analyst firm based in Prayagraj, Uttar Pradesh. Led by Priyanshu Mishra, we are committed to providing objective, research-backed equity analysis for retail and institutional investors across India. Our recommendations are based on thorough fundamental and technical analysis — free from any conflict of interest.
The Visionary Behind Equity Sphere
Who We Are
Equity Sphere Research Services is a SEBI-registered Research Analyst firm (Registration No. INH000025373) headquartered in Prayagraj, Uttar Pradesh. The firm is founded and led by Priyanshu Mishra, who is dedicated to bringing transparent, independent, and research-driven investment insights to Indian investors.
Our Values
Integrity
We operate with full transparency and disclose all conflicts of interest.
Independence
Our research is never influenced by third-party interests.
Compliance
We strictly adhere to SEBI regulations and investor protection guidelines.
Excellence
We strive for the highest standards of research quality and opportunities.
Our Mission
To democratize quality equity research in India and empower investors with the knowledge, tools, and insights needed to make informed investment decisions.
Why Equity Sphere Research Services?
✅ SEBI Registered & Regulated
Operating under the strictest regulatory framework with SEBI Registration No. INH000025373.
✅ Conflict-Free Independent Research
Our analysis is free from any commercial interest, ensuring objective and unbiased recommendations.
✅ Transparent Fee Structure
Clear, upfront pricing with no hidden charges, ensuring full transparency for every client.
✅ Strict Code of Conduct Adherence
Upholding the highest standards of professional ethics and investor protection.
✅ Fully SEBI-Compliant Processes
Every process, from report preparation to dissemination, is fully compliant with SEBI regulations.
✅ Dedicated Customer Support
Customer support that's available when you need it, committed to resolve concerns quickly and efficiently.
Our Strategic Services
Empowering investors with independent, research-backed clarity through rigorous analysis and transparent research.
01
Equity Research
In-depth fundamental and technical analysis of listed Indian equities to identify investment opportunities with strong risk-reward ratios.
02
Market Insights
Periodic research reports covering sector outlooks, earnings analysis, and macro economic trends impacting the Indian capital markets.
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Research Recommendation
SEBI-compliant research advice designed around your financial needs, and investment horizon. Transparent, research-backed, and conflict-free.
EQUITY RESEARCH REPORTS
Comprehensive reports on BSE/NSE listed companies including business model analysis, financial statement review, peer comparison, and price target recommendations.
TECHNICAL ANALYSIS
SEPA, CANSILM and classical movementum technical analysis influenced by Mark Minarvini, O'neil and Dan Zanger
FUNDAMENTAL ANALYSIS
Deep-dive analysis of companies' balance sheets, profit & loss statements, cash flow analysis, management quality, and competitive moat evaluation.
SECTOR REPORTS
Periodic research reports on specific sectors such as Banking & Finance, IT, Pharma, FMCG, Infrastructure, and Energy.
The services offered by Equity Sphere Research Services are purely research-based. The research analyst shall not be held responsible for any losses arising out of investment decisions made based on our research. Past performance is not indicative of future results. Please read the risk disclosures carefully.
⚠️ SEBI Registered Research Analyst | Reg. No.: INH000025373 | Proprietor: Priyanshu Mishra | Investment in securities is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI in no way guarantees performance or assurance of returns. | © 2026 Equity Sphere Research Services. All Rights Reserved.
INVESTOR CHARTER
Research Analyst | As per SEBI Circular SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/655 dated November 3, 2021
INVESTOR CHARTER
Research Analyst | As per SEBI Circular SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/655 dated November 3, 2021
A. DETAILS OF BUSINESS TRANSACTED BY THE RESEARCH ANALYST
- Preparation and publication of research reports on listed securities.
- Provision of investment recommendations based on fundamental and/or technical analysis.
- Dissemination of research reports through the company website and official email communications.
B. DETAILS OF SERVICES PROVIDED TO INVESTORS (ELIGIBLE CLIENTS)
- Issuance of research reports on equity securities listed on Indian stock exchanges.
- Providing buy/sell/hold recommendations with clearly stated rationale, risk factors, and target price.
- Periodic market insights and sector reports.
- Client servicing and query resolution.
C. RIGHTS OF INVESTORS (CLIENT)
- The right to receive research reports and recommendations on a timely basis as agreed upon at the time of subscription.
- The right to receive full disclosure of all conflicts of interest before or at the time of receiving research.
- The right to receive a clear and transparent fee structure.
- The right to lodge complaints and have them addressed in a timely manner through the Grievance Redressal Mechanism.
- The right to access the SEBI SCORES platform for unresolved complaints.
- The right to seek redressal through SEBI's Online Dispute Resolution (ODR) platform.
- The right to receive clear disclosures regarding the Research Analyst's financial interest, if any, in recommended securities.
D. RESPONSIBILITIES OF INVESTORS (CLIENT)
- To provide complete and accurate KYC information at the time of onboarding.
- To read all research reports carefully, including the disclaimers and disclosures, before making any investment decision.
- To conduct independent due diligence before making investment decisions based on research reports.
- To bring any grievance or complaint to the notice of the Research Analyst promptly.
- To verify the SEBI registration of the Research Analyst before availing services.
- To report any suspicious or unauthorized activity to SEBI immediately.
- To be aware that investments in securities markets are subject to market risks and that research reports are not guarantees of returns.
- To not make payments in cash and always demand receipts for payments made.
E. DO'S FOR INVESTORS
- Always verify SEBI registration of Research Analyst at www.sebi.gov.in
- Always read the research report including all disclosures carefully
- Ensure that fee details are provided in writing before availing services
- Keep a record of all communications with the Research Analyst
- File complaints on SEBI SCORES if grievance is unresolved
- Pay fees only through banking channels; demand receipts
- Check the validity of SEBI registration before subscribing
F. DON'TS FOR INVESTORS
- Do not make investment decisions solely based on tips or verbal advice
- Do not pay fees in cash
- Do not fall for promises of guaranteed returns — SEBI regulations strictly prohibit Research Analysts from guaranteeing returns
- Do not share login credentials or sensitive financial information
- Do not ignore risk disclosures mentioned in research reports
- Do not subscribe to services from unregistered/unverified entities
G. GRIEVANCE REDRESSAL
For any grievances, investors may contact:
Priyanshu Mishra | equitysphereservices@gmail.com | 007905601605
For escalation: SEBI SCORES — www.scores.sebi.gov.in
For dispute resolution: SEBI ODR Portal — https://smartodr.in
H. DISCLAIMER
Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Code of Conduct
As per SEBI (Research Analysts) Regulations, 2014 — Third Schedule
HONESTY AND INTEGRITY
The Research Analyst shall maintain the highest standards of honesty and integrity in conducting research and preparing research reports.
DILIGENCE AND FAIR DEALING
The Research Analyst shall exercise due diligence, independent professional judgment, and ensure that research reports are based on thorough analysis.
CONFLICT OF INTEREST
The Research Analyst shall make adequate disclosure of actual and potential conflicts of interest at the time of publishing research reports.
INDEPENDENCE
The Research Analyst shall ensure that research recommendations are based solely on independent and objective analysis, free from external influence.
COMPLIANCE WITH SEBI REGULATIONS
The Research Analyst shall comply with all applicable provisions of SEBI (Research Analysts) Regulations, 2014, and all circulars issued by SEBI.
INVESTOR PROTECTION
The Research Analyst shall take all reasonable steps to ensure investor protection and shall not act against the interests of investors.
Equity Sphere Research Services and its Research Analyst, Priyanshu Mishra, are committed to upholding the highest standards of professional ethics and conduct.
Internal Policies
Equity Sphere Research Services maintains a robust framework of internal policies to ensure transparency, compliance, and the highest standards of research integrity for our clients.
1. Research Report Preparation Policy
All reports are prepared by the registered Research Analyst based on publicly available information and required disclosures.
2. Conflict of Interest Policy
Strict adherence to SEBI regulations regarding disclosure of personal holdings and financial interests.
3. Personal Trading Policy
Prohibition on trading in recommended securities during preparation and for 30 days before/after publication.
4. Communication and Publication
Reports shall be disseminated only through authorized channels including the company website and official email.
5. Record Keeping Policy
All records including research reports and client details shall be maintained for a minimum period of five years.
Internal Policies
1. Research Report Preparation Policy
All research reports are prepared by the registered Research Analyst, Priyanshu Mishra, based on publicly available information and information obtained from reliable sources. All research reports shall clearly state the date of preparation, the name of the analyst, SEBI registration number, and all required disclosures as mandated under SEBI (Research Analysts) Regulations, 2014.
2. Conflict of Interest Policy
Equity Sphere Research Services has adopted a robust policy to identify, disclose, and manage conflicts of interest. The Research Analyst shall: - Disclose any personal holding or financial interest in the recommended securities at the time of publishing the research report. - Not accept any compensation, gift, or benefit from any company that may create or appear to create a conflict of interest. - Disclose if the firm or analyst has a business relationship with the subject company at the time of publishing the report. - Ensure that personal trading does not conflict with the interests of clients.
3. Personal Trading Policy
The Research Analyst and associates shall not trade in securities of companies about which a research report is being prepared, during the period of preparation until publication. The Research Analyst shall not trade in securities of companies for a period of 30 days before and 5 days after the publication of a research report on such company. All personal trades shall be reported and reviewed internally to ensure compliance with SEBI regulations.
4. Communication and Publication Policy
Research reports shall be published and disseminated only through authorized channels including the company website and official email. No research report or recommendation shall be shared on unauthorized platforms without proper disclosures. All communications with clients shall be through official channels only.
5. Record Keeping Policy
Equity Sphere Research Services shall maintain all records including research reports, client details, and correspondence as required under SEBI regulations for a minimum period of five years.
6. Client Onboarding Policy
All clients shall be onboarded only after verifying their KYC (Know Your Customer) details as per applicable regulations. A written agreement shall be executed with each client detailing the scope of services and fee structure.
7. Fee Transparency Policy
All fees charged by Equity Sphere Research Services shall be clearly disclosed in writing to clients before commencement of services. No hidden charges or undisclosed fees shall be levied on clients. Receipts shall be provided for all payments received.
8. Grievance Redressal Policy
The firm maintains a formal grievance redressal mechanism. All complaints shall be acknowledged within 24 hours and resolved within 30 days. Unresolved complaints may be escalated to SEBI through SCORES.
9. Review and Updation Policy
All internal policies shall be reviewed at least once a year and updated as necessary to reflect changes in SEBI regulations, market practices, and business operations.
Mandatory Regulatory Information
This page contains mandatory regulatory information as required under SEBI (Research Analysts) Regulations, 2014.
Standard Disclosure
As required under SEBI (Research Analysts) Regulations, 2014
1. Registration
Equity Sphere Research Services is registered with SEBI as a Research Analyst under SEBI (Research Analysts) Regulations, 2014. SEBI Registration No.: INH000025373
2. Compensation
The Research Analyst or his associates or relatives have not received any compensation from the subject company or any third party in connection with preparation of the research report.
3. Financial Interest
The Research Analyst or his associates or relatives do not have any financial interest in the subject company.
4. Ownership
The Research Analyst or his associates or relatives do not have actual/beneficial ownership of more than 1% of securities of the subject company at the end of the month immediately preceding the date of publication of the research report.
5. Employment
The Research Analyst or his associates or relatives have not served as an officer, director, or employee of the subject company.
6. Market Making
The Research Analyst or his associates or relatives have not been engaged in market making activity for the subject company.
7. Past Compensation
The Research Analyst has not received any compensation from the subject company in the past twelve months.
8. Public Offering
The Research Analyst or his associates or relatives have not managed or co-managed public offerings of securities for the subject company in the past twelve months.
9. Investment Banking
The Research Analyst has not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
10. Other Services
The Research Analyst has not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
11. Client Relationship
The subject company is not or was not a client of the Research Analyst during the twelve months preceding the date of distribution of the research report.
12. Third Party Benefits
Equity Sphere Research Services and its associates have not received compensation or other benefits from the subject company or third party in connection with the research report.
13. Research Purpose
Research reports are prepared for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities.
14. Market Risk
Investment in the securities market is subject to market risks. Read all the related documents carefully before investing.
15. Performance Disclaimer
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
16. Analyst Details
Research Analyst: Priyanshu Mishra
Address: 262 Nauva Baraon, Karchhana, Prayagraj, Uttar Pradesh – 212301
Email: equitysphereservices@gmail.com
Phone: 007905601605
SEBI Reg. No.: INH000025373
MITC
Forming part of the Terms and Conditions for providing Research Services
Most Important Terms & Conditions
These are the Most Important Terms & Conditions (MITC) as prescribed by SEBI for Research Analysts. Please read all points carefully before availing research services from Equity Sphere Research Services.
Priyanshu Mishra Proprietor Of
EQUITY SPHERE RESEARCH SERVICES
SEBI Registered Research Analyst — Registration No. INH000025373
Registered Office: 262 Nauva Baraon, Karchhana, Prayagraj, Uttar Pradesh – 212301
Email: equitysphereservices@gmail.com | Phone: 7905601605
Website: www.equitysphereresearch.com
01
No Trade Execution Authority
These terms and conditions, and consent thereon are for the research services provided by the Research Analyst (RA). The RA cannot execute or carry out any trade (purchase or sell transaction) on behalf of the client.
Clients are advised not to permit the RA to execute any trade on their behalf.
02
Fee Cap as per SEBI Regulations
The fee charged by the RA to the client will be subject to the maximum amount prescribed by SEBI / Research Analyst Administration and Supervisory Body (RAASB) from time to time. This is applicable only for Individual and HUF Clients.
Note:
◆ 2.1 The current fee limit is ₹1,51,000/- per annum per family of client for all research services of the RA.
◆ 2.2 The fee limit does not include statutory charges.
◆ 2.3 The fee limits do not apply to a non-individual client or accredited investor.
03
Advance Fee & Refund on Termination
The RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI — presently one quarter.
In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to seek refund of proportionate fees only for the unexpired period.
The RA shall not charge any breakage fee.
04
Permitted Modes of Payment — No Cash
Fees to the RA may be paid by the client through any of the specified modes:
◆ Cheque
◆ Online Bank Transfer (NEFT / RTGS / IMPS)
◆ UPI
Cash payment is strictly not allowed.
Optionally, the client can make payments through the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited.
05
Conflict of Interest Disclosure
The RA is required to abide by all applicable regulations, circulars, and directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest.
The RA will endeavor to promptly inform the client of any conflict of interest.
06
No Guaranteed / Assured Returns Schemes
Any assured, guaranteed, or fixed returns schemes or any other schemes of similar nature are prohibited by law.
No scheme of this nature shall be offered to the client by the RA.
07
No Guarantee of Returns or Profits
The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services.
All opinions, projections, and estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation or publication of the research report.
08
Market Risk & Client Responsibility
Any investment made based on recommendations in research reports are subject to market risks. Recommendations do not provide any assurance of returns.
There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report.
Any reliance placed on the research report provided by the RA shall be as per the client's own judgement and assessment.
09
SEBI Registration is Not a Performance Guarantee
The SEBI registration, enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
10
Grievance Redressal Process
1
STEP 1 — Contact the Research Analyst Directly
Client should first contact the RA:
Priyanshu Mishra
📧 equitysphereservices@gmail.com
📞 7905601605
2
STEP 2 — Escalate to SEBI SCORES
If the resolution is unsatisfactory, the client can lodge grievances through SEBI's SCORES platform:
🔗 www.scores.sebi.gov.in
3
STEP 3 — Online Dispute Resolution (ODR)
The client may also consider Online Dispute Resolution through the Smart ODR portal:
🔗 https://smartodr.in
11
Keep Contact Details Updated
Clients are required to keep their contact details — including email ID and mobile number(s) — updated with the RA at all times.
🚨 12
Never Share Login Credentials or OTPs
The RA shall never ask for the client's login credentials and OTPs for the client's Trading Account, Demat Account, or Bank Account.
Never share such information with anyone — including the RA.
Terms & Conditions
About Us
EQUITY SPHERE RESEARCH SERVICES is a proprietary firm registered as a Research Analyst with the Securities and Exchange Board of India (SEBI) under Registration No. INH000025373, valid from March 11, 2026 to March 10, 2031.
Scope of Services
EQUITY SPHERE RESEARCH SERVICES provides research reports, equity analysis, market insights, and investment recommendations based on publicly available information.
Eligibility
Our services are available only to individuals who: a) Are at least 18 years of age; b) Are residents of India or Non-Resident Indians (NRIs) as per FEMA regulations; c) Have the legal capacity to enter into a binding agreement.
Research Reports — Nature and Limitations
a) All research reports are prepared based on publicly available information and information obtained from sources believed to be reliable.
b) The Research Analyst does not guarantee the accuracy, completeness, or timeliness of information provided in research reports.
c) Past performance of securities mentioned in research reports is not indicative of future results.
d) Investors should conduct their own due diligence before making any investment decision.
No Guarantee of Returns
EQUITY SPHERE RESEARCH SERVICES does not guarantee any returns on investments made based on its research reports. Investment in securities markets is subject to market risks. The Research Analyst, its principals, employees, or associates shall not be responsible for any loss or damage arising from investment decisions made based on the research reports.
Fees and Payment
a) Fees for research services shall be as per the agreed subscription plan communicated to the client at the time of onboarding. b) Fees are payable through authorized banking channels only. c) No fees shall be charged in cash. d) Receipts shall be provided for all payments received. e) Fees are non-refundable except as stated in the Refund Policy.
Intellectual Property
All content on this website and in research reports including text, graphics, logos, analysis, and data compilations are the intellectual property of EQUITY SPHERE RESEARCH SERVICES and are protected by applicable copyright laws. Unauthorized reproduction, distribution, or modification of any content is strictly prohibited.
Confidentiality
Client information shared with EQUITY SPHERE RESEARCH SERVICES shall be kept strictly confidential and shall not be disclosed to third parties except as required by law or SEBI regulations.
Prohibited Conduct
Users are strictly prohibited from: a) Reproducing, redistributing, or selling research reports to third parties; b) Using the research for market manipulation or insider trading; c) Providing false information during onboarding or subscription; d) Using the website for any unlawful purpose.
Limitation of Liability
EQUITY SPHERE RESEARCH SERVICES, its proprietor, and associates shall not be liable for: a) Any loss or damage, direct or indirect, arising from use of research reports; b) Any inaccuracies or omissions in research reports; c) Any interruption or unavailability of the website or services; d) Any unauthorized access to client data due to circumstances beyond our reasonable control.
Governing Law and Jurisdiction
These Terms and Conditions shall be governed by and construed in accordance with the laws of India. Any disputes shall be subject to the exclusive jurisdiction of courts in Prayagraj, Uttar Pradesh, India.
Dispute Resolution
Any disputes or claims arising out of or in connection with these Terms shall first be attempted to be resolved through mutual discussion. If unresolved, the matter shall be referred to SEBI's Online Dispute Resolution (ODR) mechanism. ODR Portal: https://smartodr.in
Amendments
EQUITY SPHERE RESEARCH SERVICES reserves the right to amend these Terms and Conditions at any time. Amendments shall be effective upon posting on the website. Continued use of services after any amendment constitutes acceptance of the revised terms.
SEBI Disclaimer
"Investment in securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."
Contact
EQUITY SPHERE RESEARCH SERVICES
Priyanshu Mishra, Proprietor
262 Nauva Baraon, Karchhana, Prayagraj, Uttar Pradesh – 212301
Email: equitysphereservices@gmail.com
Phone: 007905601605
SEBI Reg. No.: INH000025373
Privacy Policy
Equity Sphere Research Services respects your privacy and is committed to protecting the personal information you share with us. This Privacy Policy explains how we collect, use, store, and protect your personal data when you visit our website or use our research services.
Mandatory Regulatory Information
This page contains mandatory regulatory information as required under SEBI (Research Analysts) Regulations, 2014.
Privacy Policy
Protecting Your Financial Information
1. Introduction
EQUITY SPHERE RESEARCH SERVICES ("we", "our", "us") respects your privacy and is committed to protecting the personal information you share with us. This Privacy Policy explains how we collect, use, store, and protect your personal data when you visit our website or use our research services.
2. Information We Collect
- Personal Identification Information: Name, date of birth, PAN number, Aadhaar number, contact number, email address.
- Financial Information: Bank account details (for subscription payments)
- Usage Data: IP address, browser type, pages visited on our website, time and date of access.
- Communication Data: Emails, chat messages, or other correspondence sent to us.
3. How We Use Your Information
We use collected information for the following purposes: To provide research services and deliver research reports; To comply with KYC and regulatory requirements under SEBI regulations; To process subscription fees and manage billing; To respond to your queries and resolve complaints; To improve our services, website functionality, and user experience; To send service-related communications and updates; To comply with applicable legal and regulatory obligations.
4. Data Sharing and Disclosure
We do not sell, rent, or trade your personal information to third parties. However, we may share your information in the following circumstances: With SEBI or other regulatory authorities as required by law; With payment processors to facilitate subscription payments; With service providers who assist us in operating our business, subject to confidentiality agreements; In case of legal proceedings, court orders, or regulatory requirements.
5. Data Security
We implement appropriate technical and organizational security measures to protect your personal information from unauthorized access, alteration, disclosure, or destruction. This includes: Encrypted data storage and transmission (SSL/TLS); Restricted access to personal data on a need-to-know basis; Regular review of our data security practices.
6. Data Retention
We retain personal data for the period required to fulfill the purposes outlined in this Policy and as required by applicable law and SEBI regulations (minimum 5 years for records).
7. Your Rights
You have the following rights regarding your personal data: Right of Access: Request a copy of the personal data we hold about you; Right of Correction: Request correction of inaccurate or incomplete data; Right of Deletion: Request deletion of your data (subject to regulatory obligations); Right to Withdraw Consent: Withdraw consent for use of personal data at any time. To exercise these rights, write to: equitysphereservices@gmail.com
8. Cookies
Our website may use cookies to enhance user experience and analyze website traffic. You may disable cookies through your browser settings; however, this may affect the functionality of certain parts of our website.
9. Links to Third-Party Websites
Our website may contain links to third-party websites. We are not responsible for the privacy practices or content of such websites.
10. Changes to This Policy
We reserve the right to modify this Privacy Policy at any time. Any changes will be published on this page with the updated effective date. Your continued use of our services constitutes acceptance of the updated policy.
11. Contact Us
For any privacy-related concerns, please contact: Priyanshu Mishra | equitysphereservices@gmail.com | 007905601605 | 262 Nauva Baraon, Karchhana, Prayagraj, Uttar Pradesh – 212301
Refund Policy
General Policy
Equity Sphere Research Services operates on a subscription-based model for delivery of research services. By subscribing to our services, clients agree to the terms outlined in this Refund Policy.
Eligibility for Refund
- Technical failure on our part resulting in non-delivery of research reports for the subscribed period.
- Duplicate payment made by the client.
- In the event services are discontinued by Equity Sphere Research Services before the completion of the subscription period.
- Any other reason as may be determined at the sole discretion of the management on a case-by-case basis.
Non-Refundable Conditions
- If the client has accessed or downloaded the research reports provided during the subscription period.
- Dissatisfaction with the performance of recommended securities — as research reports are for informational purposes only and do not guarantee any return.
- Change of mind after subscribing to the service.
- Losses incurred in the securities market based on research provided, as investment decisions are solely the client's responsibility.
- After 7 calendar days from the date of subscription/payment.
Refund Process
- Send a written request to equitysphereservices@gmail.com within 7 days of the payment date.
- Include your full name, contact details, subscription details, payment date, and reason for the refund request.
- The request will be reviewed and responded to within 7 working days.
- Approved refunds will be processed to the original payment source within 10-15 working days.
Partial Refunds
Partial refunds may be considered on a pro-rata basis in exceptional circumstances at the sole discretion of Equity Sphere Research Services.
Contact for Refund
Name: Priyanshu Mishra
Email: equitysphereservices@gmail.com
Phone: 007905601605
Address: 262 Nauva Baraon, Karchhana, Prayagraj, Uttar Pradesh – 212301
Disclaimer
The decision to invest based on research provided is solely at the discretion of the client. Equity Sphere Research Services is not responsible for any trading losses or opportunity costs. Research services are subject to market risks.
Our Formal Grievance Mechanism
We are committed to transparency and client protection.
Our formal process aims that every complaint is acknowledged within 24 hours and resolved within 15 days.
Step 1 — Direct Contact
Reach out to our Research Analyst directly for initial resolution.
Step 2 — SEBI SCORES
If unresolved, escalate to SEBI through the official SCORES platform.
Step 3 — ODR Portal
Utilize the SEBI ODR portal for conciliation and arbitration and if not resolved in SCORES Portal
01
Contact the Research Analyst
Reach out directly to our principal research analyst, Priyanshu Mishra, at equitysphereservices@gmail.com or via phone for initial clarifications.
02
SEBI SCORES Escalation
If the issue remains unresolved, escalate your complaint to the SEBI Complaint Redress System (SCORES) portal for official investigation.
03
ODR Dispute Resolution
For complex disputes, utilize the SEBI's Online Dispute Resolution (ODR) platform to seek conciliation or arbitration and if not resolved in SCORES Portal
Complaint Data
As per SEBI (Research Analysts) Regulations, 2014
Note: In case of any complaints received against the RA due to impersonation of the RA by some other entity, the RA may adjust the number of such complaints from total number of received/resolved complaints while preparing the above table. Further, RA must close such impersonation related complaints after following the due process as specified by SEBI/RAASB.
The above data is updated periodically as per SEBI requirements.
Get In Touch
Registered Office
262 Nauva Baraon, Karchhana, Prayagraj, Uttar Pradesh – 212301
equitysphereservices@gmail.com
Phone
007905601605
Working Hours
Monday – Friday: 10:00 AM – 6:00 PM
Saturday: 10:00 AM – 1:00 PM
SEBI Registration
INH000025373 | Valid: Mar 2026 – Mar 2031
Send us a message
For regulatory complaints, visit: www.scores.sebi.gov.in
For dispute resolution: https://smartodr.in