Disclaimer

1. Educational Purpose Only

StockRead is an educational tool designed to help retail investors understand the contents of publicly available annual reports and financial filings submitted by companies listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

The analysis, summaries, financial highlights, management commentary extracts, and risk factor breakdowns generated by our platform are intended solely to improve financial literacy and reduce the time required to read lengthy corporate disclosures. They are not a substitute for professional financial advice.

2. No SEBI Registration

StockRead is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser under the SEBI (Investment Advisers) Regulations, 2013, or as a research analyst under the SEBI (Research Analysts) Regulations, 2014.

We do not provide buy, sell, or hold recommendations on any security. Any interpretation of our AI-generated output as such is expressly disclaimed.

3. AI Limitations and Accuracy

Our analysis is generated by large language models (LLMs) that process the text of annual reports. These models, while powerful, have known limitations:

• Hallucinations: AI models may occasionally generate plausible-sounding but factually incorrect information. Always verify key figures against the original source document.
• Context limits: Very long reports may be processed in segments, which can result in missed information or reduced coherence across sections.
• Table and numerical accuracy: Financial figures, ratios, and tables extracted by AI may differ from those in the original document due to formatting complexity in PDFs.
• No real-time data: Our analysis reflects information in the annual report at the time of filing. It does not incorporate subsequent events, quarterly updates, stock price movements, or news.
• Language and translation: Some filings may be partially in regional languages. AI translation may not be fully accurate for such sections.

4. Source Data

Annual reports and corporate filings used by StockRead are sourced from publicly accessible portals maintained by BSE India and NSE India. StockRead does not create, alter, or certify any of the underlying company disclosures. We are not responsible for errors or omissions in the original filings submitted by companies to the exchanges.

5. Investment Risk

Investing in equities and securities involves significant risk, including the risk of loss of principal. Past performance of a company, as reflected in historical annual reports, is not indicative of future results. Market conditions, regulatory changes, macroeconomic factors, and company-specific events can all adversely affect stock prices.

You should consult a qualified SEBI-registered investment adviser or financial planner before making any investment decision.

6. No Fiduciary Duty

StockRead does not act as a fiduciary to any user. Our analyses are generated without knowledge of your individual financial situation, investment goals, risk tolerance, tax status, or time horizon. The platform provides one-size-fits-all summaries that cannot account for your personal circumstances.

7. No Endorsement of Companies

The inclusion of any company's annual report in StockRead's database does not constitute an endorsement, recommendation, or opinion regarding that company, its management, or its securities. We cover companies across a wide range of sectors and market capitalisations based on BSE/NSE filings.

8. Third-Party Opinions

Annual reports contain statements from company management, auditors, and other third parties. AI summaries of such statements reflect the views of those third parties as expressed in the filing, not the views of StockRead.

9. Limitation of Liability

To the maximum extent permitted by Indian law, StockRead, its founders, employees, and service providers shall not be liable for any direct, indirect, incidental, or consequential losses — including financial losses — arising from:

• Reliance on any AI-generated analysis, summary, or insight.
• Inaccuracies in data sourced from annual reports.
• Investment decisions made on the basis of information obtained from the Service.
• Errors, omissions, or service interruptions.

10. Compliance with Applicable Laws

Users are responsible for ensuring their use of the information provided by StockRead complies with all applicable laws and regulations, including SEBI regulations related to insider trading, market manipulation, and other prohibited activities. StockRead does not facilitate or condone any unlawful use of financial information.

11. Forward-Looking Statements

Annual reports frequently contain forward-looking statements made by company management. Our AI may extract and summarise these statements. Forward-looking statements are inherently uncertain and may differ materially from actual future results due to known and unknown risks. StockRead does not endorse or validate any forward-looking statement.