Disclosures & Compliance

All regulatory disclosures required under the SEBI (Research Analysts) Regulations, 2014 and subsequent circulars.

1. Registration Details

Entity Name
Alpha Plus Capital Associates LLP
SEBI Registration No.
INH000025203
Registration Type
Research Analyst — LLP
Registration Date
27/02/2026
Registration Validity
26/02/2031
NISM Certification No.
NISM-201700121348
NISM Certification Validity
10/03/2028
Principal Analyst
Anshul Shah
Registered Address
Unit No. 601-606, Royale Herritage, D N Nagar, Mhada Layout, Andheri West, Mumbai, Maharashtra — 400053
SEBI Regional Office
SEBI Bhavan, Plot No. C4-A, G-Block, BKC, Bandra East, Mumbai — 400051
Contact Email
contact@alphapluscapital.in
Contact Phone
+91 82913 41323 / 022-69904001
Verify Registration on SEBI Website ↗

2. Conflict of Interest Policy

Mandatory Disclosure

The following disclosures relate to the independence of research and management of any potential conflict of interest as required under SEBI (Research Analysts) Regulations, 2014.

The Research Analyst and associates of Alpha Plus Capital Associates LLP do not hold any financial interest in securities covered in research at the time of publication. Any personal positions, if held, are disclosed in the per-report disclosure table as required under SEBI (Research Analysts) Regulations, 2014. The firm does not accept compensation — directly or indirectly — from any company whose securities are covered in research.

Analyst Financial Interest in Covered Securities
No — as of the date of this disclosure. Any change will be reflected immediately in the per-report disclosure.
Associates/Relatives Financial Interest
No — as of the date of this disclosure.
Compensation Received from Covered Companies
No. Alpha Plus Capital Associates LLP does not accept compensation from companies covered in research.
Analyst as Director/Officer of Covered Company
No.

Note: These disclosures are updated at the time of initiating research on a new security and as material changes occur. Per-report disclosures in individual research notes reflect the most current position at the time of publication.

3. Analyst Holdings Disclosure (General)

The Research Analyst, and associates or relatives, do not hold any financial interest or actual/beneficial ownership of 1% or more in any company whose securities have been recommended in research, except as specifically disclosed in the per-report disclosure table of the individual research note. This blanket disclosure is updated whenever coverage of a new security is initiated or when any material change in holdings occurs.

Operational Note

This blanket disclosure is updated whenever coverage of a new security is initiated or when any material change in holdings occurs. Each individual research report carries its own specific disclosure table at the point of publication.

4. Monthly Investor Complaints Data (SEBI Annexure-B)

⚠ Mandatory — Updated by 7th of Every Month

This table is mandated by SEBI and must be updated by the 7th of each calendar month with data for the preceding month. This is an auditable obligation. "0" is a valid entry — the table must never be left blank.

Month Complaints Received Complaints Resolved Complaints Pending Pending > 3 Months
March 2026 0 0 0 0
February 2026 0 0 0 0
January 2026 0 0 0 0
This table is updated by the 7th of each calendar month. Add new monthly rows as the firm commences operations.

Data above reflects complaints received directly by Alpha Plus Capital Associates LLP. For SEBI SCORES-originated complaints, refer separately to the SCORES portal records.

5. Annual Compliance Audit Status

FY 2025-26
Annual compliance audit scheduled for FY 2025-26 as per SEBI/RAASB requirements. Status will be updated upon completion.
Audit Conducted By
To be confirmed — as per SEBI/RAASB empanelled auditor for FY 2025-26
Next Audit Due
FY 2026-27 — as per SEBI/RAASB schedule

6. Artificial Intelligence (AI) Usage Disclosure

Mandatory from April 30, 2025 — Per SEBI Circular

SEBI has mandated that all Research Analysts explicitly disclose whether AI / ML tools are used in their research process. This disclosure must be reviewed at least quarterly or whenever a change in AI tool usage occurs.

Alpha Plus Capital Associates LLP does not use any Artificial Intelligence (AI) or Machine Learning (ML) tools in the generation of research recommendations or reports. All research, analysis, and written output is conducted entirely by the registered Research Analyst. Final research judgement and all published recommendations are solely the work of the human analyst.

AI/ML Tools Used in Research
No
Not Applicable
Human Oversight Applied
Not Applicable — no AI tools are employed in the research process
Disclosure Last Reviewed
15/04/2026

7. Related Party Disclosures

Is the Research Analyst related to any issuer/company covered?
No. The Research Analyst has no familial or business relationship with the management or promoters of any company currently covered in research.
Is the Research Analyst a Director/Officer of any covered company?
No.
Has the RA received compensation from companies covered in research?
No. Alpha Plus Capital Associates LLP has not received any compensation from companies covered in research.
Regulatory Notice

Investment 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.

Past performance is not indicative of future results. Research recommendations are for informational purposes only and do not constitute investment advice, portfolio management, or execution services.