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Risk Disclaimer

Participation in securities markets involves risk. This Risk Disclaimer outlines the risks associated with acting on research, recommendations, and market commentary provided by We Capitalize (Gowtham Kumaresh, SEBI Registered Research Analyst, INH000028981).

Last Updated: Oct 2026 · SEBI RA Reg. No. INH000028981 · Per SEBI (Research Analysts) Regulations, 2014

Contents

1. Market Risk 2. No Assurance of Returns 3. Suitability 4. Volatility & Timing Risk 5. Leverage & Derivatives Risk 6. Independent Decision Making 7. Illustrations & Examples

Please Note: We Capitalize is a brand name and does not represent a separate legal entity. All research services are rendered by Gowtham Kumaresh, SEBI Registered Research Analyst, Registration No. INH000028981.

Mandatory Risk Warning

Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

1. Market Risk

Investment in securities market are subject to market risks. Read all the related documents carefully before investing. The value of investments may fluctuate, and investors may receive back less than the amount originally invested.

2. No Assurance of Returns

Registration granted by SEBI, enlistment with BSE and certification from NISM do not guarantee performance or assure returns to investors.

No representation is made that any client will achieve profits or avoid losses by acting on research recommendations.

Past performance, if any, is not indicative of future results.

3. Suitability

Research recommendations are general in nature and may not be suitable for every investor. Investors should consider their financial situation, risk tolerance, investment objectives, and consult appropriate professionals before acting on any recommendation.

We Capitalize publishes research for the Indian securities market. Research is not personalised to individual financial circumstances. Investors must independently assess whether any recommendation is appropriate for their specific situation before acting on it.

4. Volatility and Timing Risk

Financial markets can be volatile and prices may change rapidly. Research views are based on information and market conditions available at the time of publication and may become outdated without notice.

Actual investment or trading results may differ due to market conditions, liquidity constraints, slippage, and execution-related factors.

5. Leverage and Derivatives Risk

Where research relates to leveraged products such as Futures and Options, losses may exceed the initial capital or margin deployed. Derivative instruments carry a higher degree of risk than many other financial products.

Derivatives carry significant additional risk

Trading in Futures and Options can result in losses greater than the amount initially invested. Such instruments are not suitable for all investors. Please ensure you fully understand the risks involved before acting on any derivatives-related research.

6. Independent Decision Making

Any decision to act on a recommendation is solely the responsibility of the investor. We Capitalize shall not be responsible for any investment or trading decision, profit, loss, or consequence arising from the use of its research, recommendations, or market commentary.

  • Research recommendations represent the views and analysis of the Research Analyst at a specific point in time and do not constitute investment advice.
  • The Research Analyst does not execute trades on behalf of clients and is not responsible for how recommendations are acted upon.
  • Investors are strongly advised to independently verify any information and seek professional guidance where appropriate before making any investment decision.
  • The Research Analyst shall not be held responsible for any decisions taken based on the research recommendations, reports, or any related information published by We Capitalize.

7. Illustrations and Examples

Any securities, charts, trades, or market examples displayed on this website are provided solely for educational and illustrative purposes and should not be construed as investment advice or a recommendation to buy, sell, or hold any security.

SEBI Registered Research Analyst

We Capitalize (Gowtham Kumaresh, INH000028981) is registered with SEBI as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014. Registration does not guarantee performance or assure returns. To verify our registration, visit sebi.gov.in — Intermediary Search .

This Risk Disclaimer is prepared in accordance with the SEBI (Research Analysts) Regulations, 2014, and the SEBI Master Circular for Research Analysts dated February 6, 2026 (Ref: HO/38/12/11(1)2026-MIRSD-POD/I/4360/2026). It is subject to periodic revision in line with regulatory updates. We Capitalize — Gowtham Kumaresh, SEBI Registered Research Analyst, Reg. No. INH000028981. For any clarification regarding this document, please contact us.
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