Research-backed trading and investment calls, from a SEBI-registered analyst.

The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Research Analyst) Regulations, 2014. For the purpose of this Disclosure Document, Research Analyst is Sanjay Krishna Lad, Proprietor of Murlix Easy Invest (hereinafter referred as "Research Entity").

History, present business and background

Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, is registered with SEBI as Research Analyst with registration no. INH000024037. The Research Analyst got its registration on 10th December, 2025 and is engaged in offering research and recommendation services.

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. Investor shall take note that investment/trading in stocks/index or other securities is always subject to market risk. Past performance is never a guarantee of same future results. The Research Analyst shall not be responsible for any loss to the investors.

Disciplinary history

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

Details of its associates

No associates.

Disclosures with respect to research and recommendations services

• The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.
• There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/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.
• Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.
• Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
• Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company.
• Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.
• Research Analyst or its employee or its associates have not received any compensation or other benefits from the subject company or 3rd party in connection with the research report/recommendation.
• The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of recommendation services provided.
• Research Analysts or its employee or its associates has not served as an officer, director or employee of the subject company.
• Research Analysts has not been engaged in market making activity of the subject company.

• Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, is a registered SEBI Research Analyst (Registration No. INH000024037) under the SEBI (Research Analysts) Regulations, 2014.
• Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
• The securities quoted are for illustration only and are not recommendatory.
• Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
• Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, owns the website Murlix Easy Invest.
• Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, makes research-based recommendations on various opportunities in the Indian equity market for the short and long term.
• We have never been suspended or barred from doing business by SEBI or any other authority, nor has SEBI ever cancelled our certificate of registration.
• The firm does not provide merchant banking, investment banking, investment adviser, or brokerage services.
• We have not partnered with any third-party intermediaries for execution or distribution services. As a result, we receive no compensation for execution or distribution services.
• Please see the individual recommendation reports for information on ownership, material conflicts of interest, and compensation received.
• The recommendations should not be interpreted as a solicitation of an offer to purchase or sell any security in a jurisdiction where doing so would be against the law.
• Regarding the accuracy, timeliness, or completeness of the information (including news, pricing, statistics, analysis, and the like) offered through our website, Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, makes no representation, warranty, or guarantee. Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, and its affiliates are not responsible for any decisions made or actions performed as a result of using the information provided here. Access to the material on this website isn't meant to be and shouldn't be seen as an offer to purchase or sell any security. It also shouldn't be seen as establishing any kind of contractual relationship between Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, and anybody who uses or acts on the information on this website. This website's original writing, including but not limited to the design, text, and images, are protected as intellectual property and may not be used in whole or in part in any way by copying, reproducing, transmitting, displaying, or otherwise. While every effort has been made to ensure the authenticity of this website, Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, its employees, and authorised representatives disclaim all liability for any person or entity who directly or indirectly suffers consequential losses, damages, or claims of any kind as a result of any flaw, error, or inaccuracy that unintentionally crept into this website or uses the information on this website in any other way. Despite all reasonable precautions taken by Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, to prevent hacking and other interference, this website is not immune to these risks. As with any other website, Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, disclaims all responsibility for any loss or damage a user may experience as a result of any alteration or manipulation of any data or information accessed through or downloaded from this website.
• The information and data on Murlix Easy Invest, including but not limited to recommendations, past performance, stock ratings, and research rationale, are provided solely for educational and illustrative purposes. The performance figures are calculated using a standard methodology and do not account for transaction fees or other related costs. Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, has not audited or validated the data used to calculate historical returns and other information, which is provided by exchange-approved third-party data vendors.
• All information available on Murlix Easy Invest is intended to assist investors with their decision-making and should not be construed as a recommendation or solicitation for a particular investment or investment plan. Investors are accountable for their investing decisions and for validating any information used to make those decisions. Investors should recognise that their investment decisions are based on their individual financial needs, and that the performance information available is just one of many factors that should be considered before making an investment decision. Past performance is not indicative of future results, and the performance of the services is subject to market risk. Before investing, investors should carefully examine all relevant papers, such as research reports, financial statements, etc., as investments in the securities market are susceptible to market risks. Derivatives are sophisticated financial instruments. Before actually trading in derivative contracts, the investor is required to analyse all relevant risk considerations.
• In no way does Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, promise or guarantee a favourable outlook for a particular industry, sector, or business group. Before investing, the investor must assess all risk variables, including their financial position.
• The analysts/representatives for various research recommendations certify that all information/material therein accurately reflects their personal opinions about the subject company or companies and their securities, and that no portion of their compensation has been, is being, or will be related in any way to the company(ies) they recommend in their research analyses/reports. No part of this content may be copied or transferred in any way without the company's prior written approval.
• "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."

These three tables recompute the current month and financial year automatically on every page load, so they never need manual editing. Phase 2: connect this block to the complaint log Google Sheet via Apps Script, so real counts replace these zeros automatically — same pattern used on rharesh.com.

We understand and respect your privacy, and we are committed to protecting it. In order to provide transparency and clarity on how we collect and use your information, we have created this notice which outlines our online information practices and your options for providing and managing that information.

Protecting your privacy and data is extremely important to us. We take measures to ensure the security and confidentiality of any information shared with us. We will only use personally identifiable information for the purposes to which you have consented. However, we cannot guarantee the security of your information 100%, despite our efforts to protect it. Any information you transmit to us through our online services is done at your own risk.

Please note that you may receive calls related to service promotions, contests, and pools organized by us. Your information, whether public or private, will be held with us only. However, it may be transferred or given to our regulatory authorities and their related organizations, as well as any organizations or individuals with whom we have an interest for any reason, without your consent.

In addition to the services we provide to you, we may also use your personal information such as your mobile number and email address to send you newsletters, surveys, contest information, or updates on any new services that we believe may be beneficial to you. By subscribing to our services, you agree to allow Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, to use your personal information for these purposes.

By submitting the inquiry form on this website or through any other means, including social media, you are providing your consent to allow us to contact you via phone call, SMS, or WhatsApp on the number provided by you. Even if your mobile number is registered on the National Do Not Disturb registry, you agree to receive communication from us. We appreciate your trust in us and assure you that we will always respect your privacy.

All sales are final, and we do not offer refunds for the paid period of services already availed by the client. Complaints or dissatisfaction regarding the quality of services during the paid period shall not entitle the client to any refund or compensation. It is important to understand that we do not provide a 100% guarantee on our calls.

As per SEBI guidelines, if a client requests to cancel the subscription, a refund shall only be issued for the unused portion of the subscription period. The refund will be calculated on a pro-rata basis, deducting the charges for the services already availed, including applicable taxes and administrative fees.

Refunds will not be provided for the period of services already availed, irrespective of the client's satisfaction with the recommendations or the outcome of trades. Always remember trading/investment in securities markets are always subjected to market risk.

We strongly recommend that before making a payment, our visitors and potential clients please read all information about our services and support, our Terms and Conditions, our Privacy Policy, and our Refund Policy. There is no refund possible in any case whatsoever. Kindly make the payment after reading all terms and conditions, disclaimers and refund policy.

If you still have any query, contact us on: +91 98209 20530 or mail us: murlixeasyinvest@gmail.com.

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

"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."

By accessing murlixeasyinvest.com, you have read, understood and agree to be legally bound by the terms of the following disclaimer: stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. Under no circumstances should any person at this site make trading decisions based solely on the information discussed herein. Information and recommendations on the website are for general information only. Nothing contained herein is advice to sell nor solicitation to buy any securities.

All information, recommendations, advice and contents shared on the website is meant to be used for personal purpose only and must not be reproduced or copied in any form. By continuing to use this website, you agree to all our terms and policies.

Parties to these terms and conditions

1. Research Analyst: Sanjay Krishna Lad, Proprietor of Murlix Easy Invest, is a SEBI Registered Research Analyst having its registered office address at Room No. A/202, Pawan Putra CHS, Charkop Sector 5, Opp. Dena Bank, Kandivali West, Mumbai, Maharashtra, 400067, hereinafter referred to as the "Research Analyst" or "RA".
2. Client: the individual or entity subscribing to or availing research services provided by the Research Analyst, hereinafter referred to as the "Client".

1. Availing the services

The Client hereby accepts the research services and confirms to avail the research services on its own discretion provided by the Research Analyst ("RA"), and the Research Analyst agrees to provide such services in accordance with the terms and conditions set forth underneath.

2. Obligations on RA and Client

The client and the Research Analyst shall be bound by all applicable regulations, rules, circulars, and amendments issued by SEBI, including the SEBI (Research Analysts) Regulations, 2014 and all the other notifications of the Government, if any, from time to time.

3. Client information and KYC

The client is bound, upon acceptance of services, to submit all requisite documents as requested by the research analyst and help the RA to complete the KYC process. The client hereby gives consent to the research analyst to fetch his KYC documents from the KYC Registration Agency (KRA).

4. Standard terms of service

The Client acknowledges and gives his consent to be bound by the terms set forth herewith, as well as any applicable amendments or updates provided by the Research Analyst.

The client hereby agrees: (a) I have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure. (b) I am subscribing to the research services for my own benefit and consumption, and any reliance placed on the research report provided by the Research Analyst shall be based on my own judgment and assessment of the conclusions contained in the research report.

I understand that: any investment made based on the recommendations in the research report is subject to market risk; recommendations in the research report do not provide any assurance of returns; and there is no recourse to claim any losses incurred on investments made based on the recommendations in the research report.

Declaration by Research Analyst: the Research Analyst further declares that it is duly registered with SEBI as an RA having Registration No. INH000024037, Date of Registration: 10th December, 2025; it has the registration and qualifications required to render the services contemplated under the RA Regulations, and the same are valid and subsisting; the services provided by the RA do not conflict with or violate any provision of law, rule, regulation, contract, or other instrument to which it is a party or to which any of its property is or may be subject; the maximum fee that may be charged by the RA is ₹1.51 lakhs per annum per family of clients; and the recommendations provided by the RA do not provide any assurance of returns.

5. Consideration and mode of payment

1. The client shall duly pay the fees to the RA of the invoice raised or for any agreed amount either written/oral within 2 days.
2. The Client agrees to make all payments via UPI, net banking, payment gateway, or any other verified banking channel. Client shall not pay any fees in cash.
3. The Client hereby agrees to pay the fees in the bank account of the Research Analyst only. The RA shall not be liable for any payment made to a third-party account.

6. Risk factors

The Client understands that the services provided by the Research Analyst involve inherent risks, and the Client agrees to bear full responsibility for any financial or other consequences arising from the use of these services. Investment in the market is subject to market risk, and is also subject to the following: trading in equities, derivatives, and other securities are subject to market risks and there is no assurance or guarantee of returns; past performance does not indicate future performance; research recommendations may not always be profitable, as actual market movements may differ from anticipated trends; the Research Analyst is not responsible or liable for any losses resulting from research recommendations; investment in securities market are subject to market risks, read all the related documents carefully before investing; and registration granted by SEBI, enlistment as RA with exchange, and certification from NISM do not guarantee the performance of the intermediary or provide any assurance of returns to investors.

7. Conflict of interest

The RA shall adhere to the applicable regulations/circulars/directions specified by SEBI from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest, including: the Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation; there are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services, and such conflict of interest shall be disclosed to the client as and when they arise; and Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation. Client is advised to refer to the detailed disclosure provided on our website.

8. Termination of service and refund of fees

The Agreement may be terminated by the client if the Research Analyst fails to provide the research recommendations. However, the client cannot terminate the agreement solely based on not achieving the desired returns or incurring losses from trading on the recommendations, or if the client discontinues the services without a valid reason, or in case of force majeure. The RA may suspend or terminate rendering of research services to the client on account of suspension/cancellation of registration of the RA by SEBI and shall refund the residual amount to the client. In case of suspension of the certificate of registration of the RA for more than 60 days or cancellation of the RA registration, the RA shall refund the fees on a pro-rata basis for the period from the effective date of cancellation/suspension to the end of the subscription period.

9. Grievance redressal

In the event of grievances related to non-receipt of the research report, missing content, or deficiencies in services, the Client may raise a grievance. The Research Analyst will ensure redressal within 7 days of such complaint. The client is required to follow this procedure: Step 1 — contact the RA at +91 98209 20530 or murlixeasyinvest@gmail.com. Step 2 — if unsatisfied, lodge a complaint with SEBI through the SCORES platform at www.scores.sebi.gov.in. Step 3 — consider resolution through the Online Dispute Resolution mechanism via the SMART ODR portal at smartodr.in.

The client is strictly required to follow the procedure as mentioned above, otherwise the RA shall not be liable for delay in resolution of the grievance. Clients are advised to read the Do's and Don'ts for dealing with the Research Analyst, as mentioned in SEBI Master Circular No. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024, or any updates provided by SEBI in the future. Clients are requested to go through all the Disclaimers, Disclosures, Refund Policy and information as mentioned on this website.

10. Most important terms and conditions

1. These terms and conditions, and consent thereon, are for the research services provided by the Research Analyst (RA), and the RA cannot execute/carry out any trade (purchase/sell transaction) on behalf of the client. Clients are advised not to permit the RA to execute any trade on their behalf.
2. The fee charged by the RA to the client will be subject to the maximum amount prescribed by SEBI/Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for individual and HUF clients). The current fee limit is ₹1,51,000 per annum per family of client for all research services of the RA. The fee limit does not include statutory charges, and does not apply to a non-individual client/accredited investor.
3. The RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI — presently one year. In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to a refund of proportionate fees only for the unexpired period.
4. Fees to the RA may be paid by the client through any specified mode such as cheque, online bank transfer, or UPI. Cash payment is not allowed. Optionally, the client can make payments through the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited, the currently recognized RAASB.
5. The RA is required to abide by applicable regulations/circulars/directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest, and will endeavour to promptly inform the client of any conflict of interest that may affect the services being rendered.
6. Any assured/guaranteed/fixed returns schemes, or any other schemes of similar nature, are prohibited by law. No scheme of this nature shall be offered to the client by the RA.
7. The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services. All opinions, projections, and estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation/publication of the research report.
8. Any investment made based on recommendations in research reports is subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses incurred on investments made based on the recommendations in the research report. Any reliance placed on the research report shall be as per the client's own judgement and assessment of the conclusions contained in the research report.
9. Registration granted by SEBI, enlistment as RA with exchange, and certification from NISM do not guarantee the performance of the intermediary or provide any assurance of returns to investors.
10. For any grievances: Step 1 — contact the RA using the details on this website. Step 2 — if unsatisfactory, lodge grievances through SEBI's SCORES platform at www.scores.sebi.gov.in. Step 3 — consider the Online Dispute Resolution mechanism through the Smart ODR portal at smartodr.in.
11. Clients are required to keep contact details, including email ID and mobile number, updated with the RA at all times.
12. The RA shall never ask for the client's login credentials and OTPs for the client's trading account, demat account, or bank account. Never share such information with anyone, including the RA.

11. Optional Centralised Fee Collection Mechanism

There is an optional Centralized Fee Collection Mechanism for Investment Advisors and Research Analysts (CeFCoM) for fee payments. The Research Analyst has presently not opted for the same; once registered for it, the mechanism will be made available for the client.

12. Confidentiality

The client shall not share any confidential information with a third party without prior consent from the RA, which has come to its knowledge.

13. Dispute

No suit, prosecution or other legal proceeding shall lie against the Research Analyst for any damage caused or likely to be caused by anything which is done in good faith or intended to be done under the provisions of the Securities and Exchange Board of India (Research Analyst) Regulations, 2014. Any disputes between the parties shall be resolved through arbitration or other methods mutually agreed upon, in accordance with applicable legal and regulatory guidelines.

14. Severability

If any provision of these Terms and Conditions is found to be invalid, illegal, or unenforceable, the remaining provisions will remain in full effect, provided the essential purpose of the Terms and Conditions is not undermined.

15. Force majeure

Neither party shall be held liable for failure or delay in performance under these Terms and Conditions due to circumstances beyond their reasonable control, including but not limited to natural disasters, government actions, or other unforeseen events.

The client hereby agrees to abide by the terms and conditions of the research services.