Madhu Bansal
Welcomes You

Vision: To provide research services in an honest, fair and transparent manner to all investors and to help them make informed investment decisions.

Rights of Investors

• Receive research recommendations in writing with rationale, risk and disclosures
• Know the fees charged before subscribing to any service
• Access to all disclosures including conflicts of interest
• Lodge complaints on SEBI SCORES portal (scores.sebi.gov.in)
• Seek redressal through Smart ODR (smartodr.in)
• Receive unbiased research not influenced by issuers of securities

Do's for Investors

• Always verify SEBI registration at sebi.gov.in before subscribing
• Pay fees only through banking channels — insist on official receipts
• Read the research report carefully before acting on it
• Exercise independent judgement while taking investment decisions
• Keep records of all communications, receipts and fee payments
• File grievances promptly at info@thefinberg.com or on SEBI SCORES

Don'ts for Investors

• Do not subscribe to research services of unregistered persons or entities
• Do not pay fees in cash — always use banking channels
• Do not blindly follow tips or calls without understanding the rationale
• Do not fall for guaranteed returns promises — prohibited under SEBI regulations
• Do not share login credentials, OTP, or personal details with anyone
• Do not respond to unsolicited investment advice from unknown sources

→ View Full SEBI Investor Charter ↗

Investment in securities market is subject to market risks. Read all the related documents carefully before investing.

The Finberg Advisory (SEBI RA Reg. No. INH000010672) does not guarantee any returns on investments made based on its research recommendations. Past performance of any recommendation is not necessarily indicative of future results.

Research reports and recommendations are for informational purposes only. They do not constitute a solicitation, offer, advice or recommendation to buy or sell any security. The analyst or The Finberg Advisory may or may not have financial interest in the securities mentioned.

Options and F&O trading involves significant risk of loss and may not be suitable for all investors. Loss in F&O trading can extend beyond the amount invested. Investors must assess their financial situation and risk appetite before investing in derivatives.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The Finberg Advisory (Madhu Bansal, INH000010672) and its research analyst may hold positions in the securities mentioned in research reports. Where applicable, such holdings are disclosed at the time of publication.

The Research Analyst, Madhu Bansal, does not serve as a director, officer or employee of any company covered in the research reports.

The research analyst has not received any compensation from the subject company in the past 12 months. The Finberg Advisory does not have any other material conflict of interest at the time of publication of research reports. All disclosures are as per SEBI (RA) Regulations 2014.

The Finberg Advisory complies with the Prevention of Money Laundering Act 2002 (PMLA) and SEBI circulars on Anti Money Laundering Standards.

• KYC (Know Your Client) records of all clients are maintained as per regulatory requirements
• Suspicious transactions are reported to the Financial Intelligence Unit — India (FIU-IND)
• No cash payments are accepted — all fees must be paid through banking channels (NEFT/RTGS/UPI)
• Client identification documents (PAN, Aadhaar) are verified and maintained
• Records of all financial transactions are maintained for a minimum period of 5 years

Any suspicious transaction may be reported to info@thefinberg.com.

The Finberg Advisory is committed to protecting the privacy and personal information of its clients and website visitors.

Information Collected

• Personal information (Name, email, phone, PAN) — for KYC and service delivery
• Usage data — pages visited, time spent (collected anonymously)
• Communication data — messages and queries submitted through the website or WhatsApp

Use of Information

• To provide research services and deliver recommendations
• To maintain client records as required under SEBI and PMLA regulations
• To respond to queries and complaints

Data Protection

• Personal data is not shared with third parties except as required by law or regulators
• Client data is not sold or disclosed to marketing entities
• Clients may request deletion or correction by writing to info@thefinberg.com

By subscribing to or using any service of The Finberg Advisory, you agree to the following:

Service Terms

• Research services are provided on a subscription basis for the agreed period
• Fees are charged as per SEBI prescribed limits for Research Analysts
• Services are personal and non-transferable — subscriptions cannot be shared or resold
• The Finberg Advisory reserves the right to modify or discontinue any service with reasonable notice

Disclaimer of Liability

• Research recommendations are for informational purposes only and do not guarantee profits
• The Finberg Advisory shall not be liable for investment losses based on its research

Intellectual Property

• All research reports and content are the intellectual property of The Finberg Advisory
• Reproduction or distribution of research content without permission is prohibited

• No refunds once a subscription has commenced and research services have been delivered or accessed
• In case of non-delivery attributable entirely to The Finberg Advisory, a pro-rata refund for the unserved period will be considered
• Refund requests must be submitted in writing to info@thefinberg.com within 7 calendar days of the event
• Approved refunds will be processed to the original payment source within 7–10 business days
• No refunds on grounds of dissatisfaction with market performance or investment outcomes
• Subscriptions cannot be paused or transferred — unused periods are not refundable

For refund queries: info@thefinberg.com | +91 8130833859

The Finberg Advisory (SEBI RA Reg. No. INH000010672) is registered with SEBI as a Research Analyst. All research is prepared by Madhu Bansal, Research Head and Founder.

This website and its content are for informational purposes only. Nothing on this website constitutes investment advice, a solicitation or an offer to buy or sell any security. Investors must make their own informed decisions and may consult their financial adviser before acting on any information.

The Finberg Advisory, its directors, officers, employees and analysts accept no liability whatsoever for any direct or consequential loss arising from the use of this website.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors.

Grievance redressal: info@thefinberg.com | SEBI SCORES: scores.sebi.gov.in | Smart ODR: smartodr.in | Helpline: 1800 266 7575

Data updated monthly as per SEBI circular. Last updated: —

Table A — Complaint Summary (Current Month by Source)

Table B — Monthly Trend

Table C — Annual Trend