Clients, Investors and Third Parties (“Stakeholders”) are hereby informed that
Khandwala Securities Limited (“KSL”) is registered with the Securities and Exchange
Board of India (“SEBI”) as a Merchant Banker bearing SEBI Registration Number
INM000011211 may also undertake certain fee-based, non-fund based activities pertaining to the
financial service sector that are not regulated by SEBI or any other Financial Sector Regulator
including private placements of unlisted companies, fund raising and related advisory services
involving unlisted companies (“Non-SEBI regulated activities”). Stakeholders are
hereby informed that SEBI investor protection mechanism, including but not limited to SCORES
platform, shall not be available for any grievance or disputes arising out of, or pertaining to,
such non-SEBI regulated activities. This disclosure is made in terms of Clause 11.2.6. of the
SEBI Circular no. HO/49/11/11(106)2025-CFD-RAC-DIL3/I/1796/2026 dated January 2, 2026, on
“Specification of the consequential requirements with respect to Amendment of Securities
and Exchange Board of India (Merchant Bankers) Regulations, 1992”.
