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Clients are entitled to seek clarification on any query and to make a complaint in writing, orally, or telephonically. All grievances will receive a written or verbal response within 21 calendar days of receipt.

Regulatory Disclosures

Mohammed Usman is registered with SEBI as Research Analyst with INH000024879 as the SEBI registration number. The registered office address of Mohammed Usman is No. 42, 13th Main, Near St. Annas School, DLF New Town, Behind Hiranandani Apartment, Bangalore, Karnataka 560068.

  • As a SEBI Registered Research Analyst, Mohammed Usman has been offering research services since 2026. Please see the website home page for details of our service plans and offerings. Drop us an email at helpdesk@inspyreresearch.com to connect and discuss more.
    • Please note, Mohammed Usman does not provide any execution or distribution service and is not affiliated to any broker, Mutual Fund house or any other financial intermediary to promote or endorse their product & services. Furthermore, Mohammed Usman is not registered as an Investment Adviser and does not provide any customized investment advisory service.
    • Mohammed Usman only provides recommendation & research services within the framework of SEBI RA regulations.

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

Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The content and data available in the material prepared by the research analyst and on the website of the research analyst, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Charts and performance numbers do not include the impact of transaction fee and other related costs. Past performance does not guarantee future returns and performances of the portfolios are subject to market risk. Data used for calculation of historical returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the research analyst.

Information present in the material prepared by the research analyst and on the website of the research analyst shall not be considered as a recommendation or solicitation of an investment. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and information present in the material prepared by the research analyst and on the website of the research analyst is one among many other things that should be considered while making an investment decision.

The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts.

We and our associates, officers, directors, and employees, Research Analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies) forming part of the products or reports created by the research analyst or (b) may have other potential/material conflict of interest with respect to any company(ies) in various products or reports created by the research analyst. Any such positions of conflict of interest will be appropriately disclosed and dealt with in accordance with applicable law.

The research analyst does not provide any promise or assurance of favorable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing.

The analysts for various products or reports created by the research analyst certify that all of the information/material therein accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to company(ies) in various products or reports created by the research analyst. No part of this material may be duplicated in any form and/or redistributed without the prior written consent of the research analyst.

AI is used in creating the content of the research reports and proper disclosures will be given in the research report mentioning the extent of usage of AI.

CONTACT PERSON
Mohammed Usman
SUPPORT TELEPHONE

Grievance Redressal Process

Clients who have a complaint or query regarding any service provided by Mohammed Usman, SEBI Registered Research Analyst (INH000024879), may follow the process outlined below.

Step 1 — Contact the Research Analyst directly

Reach out through any of the following channels. Please provide your name, contact details, subscription details, and a clear description of the grievance.

PHONE
+91 73494 74777
Monday – Saturday, 10 AM – 6 PM
WRITTEN COMPLAINT
Mohammed Usman
No. 42, 13th Main, Near St. Annas School, DLF New Town, Behind Hiranandani Apartment, Bangalore, Karnataka 560068

Grievance Redressal / Escalation Matrix

As mandated by RAASB/SEBI, the following escalation matrix is displayed for investor reference. Mohammed Usman is an individual Research Analyst; accordingly, all roles are held by the same person.

Designation Contact Person Name Address Contact No. Email-ID Working Hours
Compliance Officer Mohammed Usman No. 42, 13th Main, Near St. Annas School, DLF New Town, Behind Hiranandani Apartment, Bangalore, Karnataka 560068 +91 73494 74777 helpdesk@inspyreresearch.com Mon – Sat, 10 AM – 6 PM
Principal Officer Mohammed Usman No. 42, 13th Main, Near St. Annas School, DLF New Town, Behind Hiranandani Apartment, Bangalore, Karnataka 560068 +91 73494 74777 helpdesk@inspyreresearch.com Mon – Sat, 10 AM – 6 PM

Note: As an individual Research Analyst, the Compliance Officer and Principal Officer are the same person. Customer Care, Head of Customer Care, and CEO roles are not separately staffed.

Step 2 — Escalate to SEBI / ODR (if not resolved)

If the client is not satisfied with the response received, or if the grievance is not resolved within 21 days, the client may escalate to the following:

SEBI SCORES 2.0

Lodge your grievance directly with SEBI through the centralised complaints portal. Two-level review: first by RAASB, then by SEBI.
scores.sebi.gov.in

Online Dispute Resolution (SMARTODR)

Initiate dispute resolution through SEBI's Online Dispute Resolution mechanism for conciliation or arbitration.
smartodr.in

SEBI Head Office

Office of Investor Assistance and Education,
SEBI Bhavan, Plot No. C4-A, 'G' Block,
Bandra Kurla Complex, Bandra (E),
Mumbai — 400 051

REGULATORY DOCUMENTS

Audit Report & Action Taken

Annual compliance audit as required under SEBI (Research Analysts) Regulations, 2014. The first audit for Inspyre Research falls due after the close of FY 2026–27; the auditor details and Action Taken Report will be published here once the audit is completed.

Action Taken Report (ATR)

Sr. No. Regulation Particulars Compliance Status Reason for Non-Compliance Auditor Comments Accepted Action Taken on Adverse Findings
No compliance audit has fallen due yet. The first Action Taken Report will be published here after the audit for FY 2026–27.

The first annual compliance audit report will be published here once completed.

POLICIES

Refund, Privacy, PMLA & Fraud Awareness

Refund Policy

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.

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. Investments in securities markets are subject to market risks. Profits and losses incurred due to the use of our recommendations are solely the responsibility of the client.

By subscribing to our services and making payment, the client acknowledges that they have read, understood, and agreed to the refund policy, as well as the disclaimer, disclosure, and other terms mentioned on this website.

For any questions regarding the refund policy, contact +91 73494 74777 or helpdesk@inspyreresearch.com.

Privacy Policy

At Inspyre Research, we value your privacy and are committed to protecting your personal information. This policy outlines how we collect, use, and safeguard your data.

  • Information collection: We collect information when you register, subscribe or interact with our services, including name, contact details and financial preferences.
  • Use of information: Your information is used to provide research services, process subscriptions, and improve client experience.
  • Data protection: We implement reasonable security measures to protect your data from unauthorised access.
  • Third-party disclosure: We do not sell or trade your information. Data may be shared with regulators where required by law, or with trusted partners under strict confidentiality.
  • Cookies: We use cookies to improve website functionality and user experience.
  • Your rights: You can access, update, or request deletion of your information by writing to us.

For any concerns, contact helpdesk@inspyreresearch.com.

PMLA Policy

The Prevention of Money Laundering Act, 2002 (PMLA) is an Indian law enacted to combat the offence of legalising income or profits from an illegal source. The Act enables government authorities to confiscate property and / or assets earned from illegal sources or through money laundering. The burden of proof lies with the accused, who must prove that the suspect property or assets have not been obtained through proceeds of crime. The PMLA provides for Anti-Money Laundering and Anti-Terrorist Financing measures to be taken in India.

Inspyre Research complies with all applicable PMLA obligations, including KYC verification, record-keeping, and reporting of suspicious transactions where required.

Be Aware of Frauds

It has come to our attention that fraudulent individuals sometimes misuse the SEBI registration numbers, Aadhaar, PAN and GST numbers of registered Research Analysts to defraud investors.

Such actions are not connected to Inspyre Research in any way, and Mohammed Usman does not authorise anyone to act on their behalf or use their personal or professional details under any circumstances.

How to protect yourself

  • Verify credentials: Interact with Inspyre Research only through the official channels listed on this site.
  • Be cautious: Treat unsolicited calls, messages or emails claiming to represent Inspyre Research with caution.
  • Check SEBI's records: You can verify SEBI registration and other official details on the SEBI website or by contacting SEBI directly.
  • Never share credentials: Inspyre Research will never ask for your trading-account, demat or bank-account login or OTP.

How to file a complaint

  • Inform Inspyre Research directly by phone +91 73494 74777 or via WhatsApp.
  • Visit the SEBI Complaint Redress System (SCORES) at scores.sebi.gov.in and register or log in.
  • File the complaint with all relevant details about the fraudulent activity.
  • Attach any supporting documents that could help SEBI investigate.

You can also contact SEBI's official helpline on 022 2644 9000 or by email at sebi@sebi.gov.in.

SEBI MANDATED DISCLOSURE

Monthly Complaints Data

Complaints data disclosed monthly as required under SEBI (Research Analysts) Regulations, 2014 · Format: SEBI Circular SEBI/HO/MIRSD-POD-1/P/CIR/2025/004 Annexure B

Complaint Data — August 2026

Sr. No. Received from Pending at end of last month Received Resolved * Total Pending # Pending > 3 months Avg. Resolution Time ^ (days)
1Directly from Investors000000
2SEBI (SCORES)000000
3Other Sources (if any)000000
4Grand Total000000
Number of complaints received during month against the RA due to impersonation by some other entity: 0

* Inclusive of complaints of previous months resolved in the current month.
# Inclusive of complaints pending as on the last day of the month.
^ Average Resolution time = sum of days taken to resolve each complaint in the month ÷ total complaints resolved.

Note: In case of any complaints received due to impersonation of the RA by some other entity, the RA may adjust the number of such complaints from total received/resolved while preparing the above table.

Trend of Monthly Disposal of Complaints — FY 2026–27

Sr. No. Month Carried forward from previous month Received Resolved * Pending #
1Apr-260000
2May-260000
3Jun-260000
4Jul-260000
5Aug-260000
6Sep-260000
7Oct-260000
8Nov-260000
9Dec-260000
10Jan-270000
11Feb-270000
12Mar-270000
Grand Total0000

* Inclusive of complaints of previous months resolved in the current month.
# Inclusive of complaints pending as on the last day of the month.

Trend of Annual Disposal of Complaints

Sr. No. Year Carried forward from previous year Received Resolved * Pending #
12026-270000
Grand Total0000

* Inclusive of complaints of previous years resolved in the current year.
# Inclusive of complaints pending as on the last day of the year.

This table is updated by the 7th of each month for the preceding month. Data reflects complaints received directly and through SEBI SCORES.

WEBSITE ACCESSIBILITY

Accessibility Nodal Officer

As required under IS 17802 and GIGW 3.0, a designated Accessibility Nodal Officer is responsible for addressing accessibility-related feedback and complaints regarding this website.

Contact the Accessibility Nodal Officer

Name
Mohammed Usman
Designation
Research Analyst & Compliance Officer
Organisation
Mohammed Usman, SEBI RA INH000024879
Email
helpdesk@inspyreresearch.com
Phone
+91 73494 74777
Working Hours
Monday – Saturday, 10 AM – 6 PM IST
Address
No. 42, 13th Main, Near St. Annas School, DLF New Town, Behind Hiranandani Apartment, Bangalore, Karnataka 560068

If you experience any accessibility barriers on this website — including issues with screen readers, keyboard navigation, colour contrast, or any other assistive technology — please contact the Accessibility Nodal Officer. Feedback will be acknowledged within 5 working days and resolved within 21 working days.

This website is designed to conform to WCAG 2.1 Level AA, IS 17802, and GIGW 3.0 standards.