Markets reward patience.
Not promises.

This is the Regulatory Disclosure document of Traders Latitude. Its purpose is to provide essential information about the Research Services in a manner to assist and enable the prospective client or client in making an informed decision before engaging in Research services and before onboarding.

A. History, present business and background

Bothikar Aditya Umakant, Proprietor of Traders Latitude, is registered with SEBI as a Research Analyst with registration number INH000027399. The Research Analyst received its registration on 20 May 2026 and is engaged in offering research and recommendation services. Traders Latitude is enlisted with BSE (RAASB) under enlistment number 7211.

B. Terms and conditions of Research Services

• The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.
• The Research Analyst never guarantees the returns on the recommendation provided. Investors shall take note that investment or trading in stocks, index or other securities is always subject to market risk. Past performance is never a guarantee of the same future results.
• Investment in securities markets is subject to market risks. Research recommendations are based on analysis, publicly available information, and professional judgment at the time of issuance. While reasonable care is taken in preparing research recommendations, the Research Analyst does not guarantee the accuracy, adequacy, completeness, or profitability of any recommendation.
• Clients are advised to independently evaluate recommendations and exercise their own judgment before making investment decisions.
• The Research Analyst shall not be held responsible for losses arising solely due to market risks, volatility, price fluctuations, or independent investment decisions taken by the client.

C. Disciplinary history

• There are no pending material litigations or legal proceedings against the Research Analyst.
• As on date, no penalties or directions have been issued by SEBI under the SEBI Act or the Regulations made thereunder against the Research Analyst relating to Research Analyst services.

D. Details of associates

No associates.

E. Disclosures with respect to Research and Recommendation Services

• The Research Analyst, its proprietor, employees, or associates may have actual or potential financial interests, investments, or trading positions in securities forming part of research recommendations. Such interests, if any, shall be disclosed in compliance with the SEBI (Research Analysts) Regulations, 2014 and related circulars.
• There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products or 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.
• The Research Analyst or its employees or its associates have not received any compensation from the company which is the subject matter of recommendation.
• The Research Analyst or its employees or its associates have not managed or co-managed the public offering of any company.
• The Research Analyst or its employees or its associates have not received any compensation for investment banking, merchant banking or brokerage services from the subject company.
• The Research Analyst or its employees or its associates have not received any compensation for products or services other than the above from the subject company.
• The Research Analyst or its employees or its associates have not received any compensation or other benefits from the subject company or any third party in connection with the research report or recommendation.
• The subject company was not a client of the Research Analyst or its employees or its associates during the twelve months preceding the date of the recommendation services provided.
• The Research Analyst or its employees or its associates has not served as an officer, director or employee of the subject company.
• The Research Analyst has not been engaged in market making activity of the subject company.

F. Standard warning

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

G. Grievance redressal and dispute resolution

In case of any grievance or complaint against the Research Analyst, clients may first contact the Research Analyst through the official grievance redressal mechanism available on this website — aditya.bothikar@gmail.com or +91 98234 37927. If unresolved, clients may lodge complaints through the SEBI SCORES platform and may also access the Online Dispute Resolution (ODR) mechanism as applicable under the SEBI and Exchange framework.

H. Disclosure on the use of Artificial Intelligence tools

• We do not use automated algorithmic generation, AI agents or machine-learning systems to generate market recommendations, price targets, valuations or rating rationales. Every analytical judgement in a research report is formed manually by the certified Research Analyst.
• AI-assisted tools may be used for supporting functions only — proofreading and language editing, formatting, website accessibility and responsiveness, and routine administrative work.
• Regardless of the scale or scenario of use, the Research Analyst remains fully responsible for the security, confidentiality, integrity and output of any tool used, and for compliance with the regulations.

I. Financial interest disclosure

The Research Analyst and/or its associates may from time to time have actual or beneficial ownership, financial interest, or positions in securities that are the subject matter of research recommendations. Necessary disclosures, wherever applicable, shall be made in accordance with SEBI regulations.

J. Ownership of one per cent or more

The Research Analyst and applicable associates or relatives do not have actual or beneficial ownership of one per cent or more of the subject company as at the end of the month immediately preceding publication, except as disclosed.

Disclosure: None.

K. Client responsibility and suitability

The client is advised to consider the suitability of research recommendations in light of their financial condition, risk appetite, investment objectives, and investment horizon. Research recommendations may not be suitable for all investors.

L. Regulatory updates

The contents of this Disclosure Document are subject to revision in accordance with applicable SEBI regulations, circulars, and amendments issued from time to time.

M. Disclaimer

“Registration granted by SEBI, enlistment as RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”

N. Research Analyst identification

• Research Analyst: Bothikar Aditya Umakant
• Research firm name: Traders Latitude
• SEBI Registration No.: INH000027399
• BSE Enlistment No.: 7211
• Email: aditya.bothikar@gmail.com
• Website: traderslatitude.in

O. Advertising and communication commitments

SEBI prescribes an advertisement code for Research Analysts. Any communication in our name that breaks one of the commitments below is not genuine — please report it.

• We will always state our SEBI registration number and the standard warning in every advertisement and communication.
• We will always describe our service accurately as research reports — never as advice, tips or a signal service.
• We will never promise, guarantee or imply any return, profit, success rate or capital protection.
• We will never publish performance claims, back-tested returns, accuracy percentages, or client testimonials about returns.
• We will never claim that SEBI registration is an approval, endorsement or assurance of performance.

Section O is published in addition to the Regulatory Disclosure document, under the SEBI advertisement code for Research Analysts.

Published in compliance with the SEBI circular dated 13 December 2021 on publishing of the Investor Charter and disclosure of investor complaints by Research Analysts on their websites and mobile applications.

A. Vision and mission statements for investors

Vision: Invest with knowledge & safety.

Mission: Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of business transacted by the Research Analyst with respect to the investors

• To publish research report based on the research activities of the RA.
• To provide an independent unbiased view on securities.
• To offer unbiased recommendation, disclosing the financial interests in recommended securities.
• To provide research recommendation, based on analysis of publicly available information and known observations.
• To conduct audit annually.
• To maintain records of interactions with clients and prospective clients, including prior to onboarding, where research-service conversations have occurred.

C. Details of services provided to investors (no indicative timelines)

• Onboarding of clients — explaining the terms, the services and the risk disclosures, and completing KYC for fee-paying clients.
• Disclosure to clients of information material to them, including business activities, disciplinary history, risks and potential conflicts of interest.
• To distribute research reports and recommendations to the clients without discrimination.
• To maintain confidentiality with respect to publication of the research report until made available in the public domain.
• Disclosing the extent to which Artificial Intelligence tools are used in providing research services.
• Timebound resolution of investor grievances, within 30 calendar days.

D. Details of grievance redressal mechanism and how to access it

In case of any grievance or complaint, an investor should approach the concerned Research Analyst and shall ensure that the grievance is resolved within 30 days. Write to aditya.bothikar@gmail.com, or to the registered office at Flat No. 2, Devi Apartments, Above TVS Showroom, Bidar Gate Road, Udgir, Dist. Latur, Maharashtra 413517.

If the investor’s complaint is not redressed satisfactorily, one may lodge a complaint with SEBI on SEBI’s SCORES portal, which is a centralised web-based complaints redressal system. SEBI takes up the complaints registered via SCORES with the concerned intermediary for timely redressal. SCORES facilitates tracking the status of the complaint.

With regard to physical complaints, investors may send their complaints to: Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

E. Expectations from the investors (responsibilities of investors)

Do’s

• Always deal with SEBI registered Research Analyst.
• Ensure that the Research Analyst has a valid registration certificate.
• Check for SEBI registration number.
• Please refer to the list of all SEBI registered Research Analysts which is available on the SEBI website at this link.
• Always pay attention towards disclosures made in the research reports before investing.
• Pay your Research Analyst through banking channels only, and maintain duly signed receipts mentioning the details of your payments.
• Before buying securities or applying in a public offer, check for the research recommendation provided by your Research Analyst.
• Ask all relevant questions and clear your doubts with your Research Analyst before acting on the recommendation.
• Inform SEBI about a Research Analyst offering assured or guaranteed returns.

Don’ts

• Do not provide funds for investment to the Research Analyst.
• Do not fall prey to luring advertisements or market rumours.
• Do not get attracted to limited period discount or other incentive, gifts, etc. offered by a Research Analyst.
• Do not share login credentials and password of your trading and demat accounts with the Research Analyst.
• Do not pay any cash or cash equivalent to the Research Analyst.
• Do not sign blank documents, and do not accept any offer of guaranteed returns or profits.
• Do not deal with unregistered intermediaries.
• Do not act on messages received on unverified social media or messaging channels.

F. Rights of investors

• To receive research reports without discrimination between clients on the same service.
• To full and fair disclosure of the analyst’s financial interest, holdings and any other material conflict of interest in the securities covered.
• To be told the terms of the research service, including the Most Important Terms and Conditions, and to give explicit consent before services are rendered or fees are charged.
• To fees within the limits prescribed by SEBI, where the fee cap applies to you, and to a pro-rata refund for any unexpired prepaid period on termination, without a breakage fee.
• To confidentiality of your personal and financial information, subject to disclosure required by law or by the regulator.
• To terminate the research service at any time.
• To have any grievance resolved within 30 days, and to escalate to SEBI and to Online Dispute Resolution if it is not.

SEBI requires every Research Analyst to disclose a standardised set of Most Important Terms and Conditions and to obtain the client’s consent before rendering research services or charging any fee. The MITC highlights the terms that matter most; it does not replace the complete terms of the research service.

1. Scope of the service

Traders Latitude is registered with SEBI as a Research Analyst and is engaged solely in publishing research reports and research recommendations on securities. We are not an Investment Adviser, Portfolio Manager, Stock Broker or Distributor, and we do not act in any of those capacities for you.

2. Research is not personalised advice

Research reports are prepared for a general audience of subscribers. They are not tailored to your financial situation, investment objectives, income, existing holdings, tax position or risk tolerance, and no suitability assessment is carried out for you. Assess suitability independently, or consult a SEBI Registered Investment Adviser.

3. No assured or guaranteed returns

We do not, and are prohibited from, offering or promising any assured return, guaranteed return, minimum profit, capital protection or similar assurance, directly or by implication, in any communication, advertisement or conversation. If any person offers such an assurance in our name, they are not authorised by us — report it to us and to SEBI at once.

4. Market risk and possible loss

Investment in the securities market is subject to market risk. Derivative instruments are leveraged; losses can exceed the amount initially paid and can accumulate rapidly. You may lose part or all of the capital you deploy. Every decision to act on a research report, and every consequence of it, is yours alone.

5. Fees and the statutory fee cap

• Fees are as stated in your service terms and in the Packages section above, exclusive of GST and other statutory levies.
• For individual and HUF clients the total fee is capped at ₹1,51,000 per annum per family of client across all our research services. SEBI reviews this limit every three years against the Cost Inflation Index.
• The cap does not apply to non-individual clients, accredited investors or institutional investors.
• Fees may be collected in advance for a period not exceeding one year.
• Statutory charges, taxes and payment-gateway charges are additional and are not part of the research fee.

6. Fee collection route

Fees must be paid only through banking channels, from your own self-owned bank account, against a tax invoice raised in the name of the registered Research Analyst. Cash payment is strictly prohibited. We never ask you to transfer funds to any individual for trading or investment.

7. We do not handle your funds or securities

We do not accept, hold, manage or have any access to your money, trading account or demat account. We will never ask for your trading or demat login credentials, passwords or one-time passwords, and you must never share them with us or anyone claiming to represent us.

8. No execution on your behalf

We do not place, modify or cancel any order for you, and we hold no power of attorney or trading authorisation over any account of yours. All execution decisions and actions are yours, through your own broker.

9. Conflicts of interest

The Research Analyst, and where applicable their relatives and associates, may hold positions in covered securities. Any financial interest, beneficial ownership of one per cent or more, and any other material conflict is disclosed in the report itself and in the Standard Disclosures section above. Trading restrictions and cooling-off periods prescribed for Research Analysts are observed.

10. Termination and refund

• You may terminate the research service at any time by written notice.
• On termination, the fee for the unexpired portion of a prepaid term is refunded pro-rata.
• No breakage fee is charged on early termination.
• We may terminate where you breach the terms, where continuing would breach a law or regulation, or on cessation of our registration — the same pro-rata refund principle applies.

11. Confidentiality and use of your data

Your personal and financial information is kept confidential and used only to provide the research service and meet our regulatory obligations. It is not sold or rented. It may be disclosed where required by law, by SEBI, or by the supervisory body.

12. Use of technology and AI tools

Where any automated tool, model or artificial-intelligence system is used in preparing or distributing research, the Research Analyst remains fully responsible for the security, confidentiality, integrity and output of that tool and for compliance with the regulations, regardless of the scale or scenario of its use. See the AI disclosure in Standard Disclosures above.

13. Records

We maintain records of research reports, the rationale underlying each recommendation, client onboarding documents, consents, fee receipts, communications and complaints for the period required under the SEBI (Research Analysts) Regulations, 2014.

14. Grievance redressal

Raise any grievance with the Compliance and Grievance Officer at aditya.bothikar@gmail.com or +91 98234 37927. Grievances are resolved within 30 days. If you are not satisfied, escalate to SEBI SCORES, and thereafter through SMART ODR.

15. Registration is not an endorsement

Registration granted by SEBI, enlistment with a SEBI recognised supervisory body and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Where there is any inconsistency between the MITC, the full terms of service, and the SEBI (Research Analysts) Regulations, 2014 and the circulars issued under them, the regulations prevail.

Please read these terms carefully before subscribing to any research package.

1. Nature of the service

All subscription packages at Traders Latitude are strictly for research reports. We do not provide customised financial planning, personalised investment advice, discretionary or non-discretionary wealth management, or trade execution. All investment choices are made solely by the client.

2. Eligibility and onboarding

Services are offered to residents of India who have completed KYC through a SEBI-registered KYC Registration Agency, and who have received and consented to the terms of the research service and the MITC. You must provide complete and accurate information at onboarding, and keep it current.

3. Subscription fees and payment

Fees are payable in advance for the subscribed term, through authorised banking channels only (NEFT, RTGS, IMPS, UPI, net banking or a payment gateway), from your own bank account. Cash is never accepted. Accounts are activated only after KYC verification and recorded consent. The statutory fee cap and the one-year advance-fee limit described above apply.

4. Risk disclosure

Securities market investments are subject to volatility and risk. Historical performance of any recommendation is not indicative of future results. You agree that you are fully aware of market risk and bear sole responsibility for any trading gain or loss.

5. Intellectual property and redistribution

Research reports are licensed to the individual subscriber for personal, non-commercial use only. Copying, forwarding, publishing or redistributing reports — including on Telegram, WhatsApp or any other channel — is strictly prohibited and may result in immediate termination without refund, in addition to any legal remedy available to us.

6. Suspension and termination

We may suspend or terminate a subscription for breach of these terms, for redistribution of reports, where continuing would breach a law or regulation, or on cessation of our registration. Except in the case of breach by the subscriber, the pro-rata refund principle applies.

7. Limitation of liability

Research reports are opinions formed from publicly available information and the analyst’s observations. We accept no liability for any loss or damage arising from the use of, or reliance on, any research report, to the fullest extent permitted by law. Nothing in these terms limits any liability that cannot be limited under applicable law or under the SEBI regulations.

8. Governing law and jurisdiction

These terms are governed by the laws of India. Disputes are subject to the grievance and Online Dispute Resolution mechanisms prescribed by SEBI, and otherwise to the jurisdiction of the courts at Latur, Maharashtra.

We respect client confidentiality. During onboarding we collect your name, contact details, PAN and KYC details.

• All information collected is used solely for identity verification, invoicing, statutory record keeping and delivering research reports.
• Records are retained for the period required under the SEBI (Research Analysts) Regulations, 2014.
• We do not sell, rent or share client data with third-party marketing companies.
• Information may be shared only with regulatory or statutory authorities — such as SEBI, the supervisory body, or tax authorities — where officially required under law.
• Payment data is processed by the banking channel or payment gateway used; we do not store card details.
• This website does not use advertising or tracking cookies. Your acknowledgement of the entry disclaimer is stored in your own browser for the current session only and is not transmitted to us.
• To request access to, correction of, or deletion of your personal data — subject to our statutory retention obligations — write to aditya.bothikar@gmail.com.

A. Eligible refund scenarios

• Double payment or billing error. If you are charged more than once due to a gateway or technical error, the duplicate transaction is refunded in full.
• Non-delivery of services. If we fail to deliver the research reports promised under your subscription, you are entitled to a refund.
• Premature termination. On termination by either party, you are entitled to a refund of fees for the unexpired subscription period on a pro-rata basis, with no breakage fee.
• Regulatory action. If the registration of the Research Analyst is suspended or cancelled by SEBI, fees collected for the unexpired portion of the subscription period are refunded pro-rata.

B. Non-refundable scenarios

• Market losses. Refunds are not issued for losses incurred on trades or investments made on the basis of our research. The investment decision is yours.
• Performance dissatisfaction. Dissatisfaction with the market performance of a covered security, or with a target or stop-loss being hit, is not a ground for refund.
• Breach of terms. Termination for redistribution of reports or other material breach by the subscriber.

C. Claiming a refund

Email aditya.bothikar@gmail.com with your invoice details and proof of transaction. Verified refunds are processed to the bank account from which payment was made, within 10 to 15 working days. Statutory deductions such as GST already remitted, and payment-gateway charges, may be deducted from the refund amount as permitted.

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

Registration granted by SEBI, enlistment with a SEBI recognised supervisory body and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Traders Latitude is the trade name of Bothikar Aditya Umakant, registered with SEBI as a Research Analyst under registration number INH000027399 (type: Individual), and enlisted with BSE Limited under RAASB enlistment number 7211. Registered office: Flat No. 2, Devi Apartments, Above TVS Showroom, Bidar Gate Road, Udgir, Dist. Latur, Maharashtra 413517, India. Compliance and Grievance Officer: Bothikar Aditya Umakant, +91 98234 37927, aditya.bothikar@gmail.com.

Research reports published by Traders Latitude are prepared for general circulation among subscribers and do not constitute investment advice, an offer, or a solicitation to buy or sell any security. They do not take into account the specific investment objectives, financial situation, tax position or particular needs of any individual recipient. Recipients should independently evaluate the suitability of any security and, where appropriate, seek advice from a SEBI Registered Investment Adviser or other qualified professional.

Reports are based on information believed to be reliable, obtained from publicly available sources and from the analyst’s own observations. While reasonable care has been taken in preparation, no representation or warranty, express or implied, is made as to their accuracy, completeness or fairness. Information and opinions are subject to change without notice, and we are under no obligation to update any report.

Securities named anywhere on this website, unless forming part of a research report issued to a subscriber, are shown for illustration and educational purposes only and are not recommendatory in nature.

Past performance is not indicative of future results, and no representation is made that any view will be achieved. Neither Traders Latitude nor the Research Analyst accepts liability for any loss or damage of any kind arising from the use of, or reliance on, any research report.

Derivative instruments carry a high level of risk and are not suitable for every investor. Losses on derivative positions may exceed the amount initially committed. Please read the SEBI derivatives-loss statistics published in the Risk section of this page.

Traders Latitude does not accept, hold or manage client funds or securities, does not execute transactions on behalf of clients, does not provide portfolio management services, and does not offer or promise any assured or guaranteed return, profit or capital protection.

This website and all content on it are intended for residents of India. Distribution to, or use by, any person in a jurisdiction where such distribution or use would be contrary to law is prohibited.