Annual Audit Report and ATR
Annual compliance audit status and Action Taken Report for Vipul Kaushik, Financial Year 2025-26
Compliance audit completed — no adverse findings
The audit report for FY 2025-26 was issued on 27 September 2026 with no observations, deviations, exceptions or qualifications. Because there are no adverse findings, no corrective action is pending.
Annual Audit Report
Issued by JBM & Associates, Chartered Accountants (ICAI Firm Reg. No. 021974N), Panipat, under Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014. Last updated: 19 October 2026.
Status of Annual Compliance Audit
Published under Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014
| Name of Research Analyst | Vipul Kaushik (Individual) |
|---|---|
| SEBI Registration No. | INH000024116 |
| BSE (RAASB) Enlistment No. | 6861 |
| Financial year audited | 2025-26 (1 April 2025 to 31 March 2026) |
| Audited by | CA Mukesh Kumar, JBM & Associates, Chartered Accountants, Panipat |
| ICAI Membership No. / Firm Reg. No. | 532072 / 021974N |
| Date of audit report | 27 September 2026 |
| UDIN | 26532072FQWUFN3652 |
| Auditor's opinion | The Research Analyst has complied with the applicable provisions of the SEBI (Research Analysts) Regulations, 2014 and the relevant circulars, directions and notifications issued under them. |
| Submission to RAASB / SEBI | Submitted on DD-MM-2026 (due on or before 27 October 2026) |
Adverse Findings & Action Taken Report (ATR)
Findings reported by the auditor and the action taken on each
| Financial Year | Adverse findings reported | Action taken | Status |
|---|---|---|---|
| 2025-26 | Nil | Not applicable, as there are no adverse findings | Closed |
Note: If the auditor reports any adverse finding in future, it will be published on this page together with the action taken, as approved by the Research Analyst, within the timeline set by SEBI.
Know More
What this disclosure means for investors
Why is this report published?
Under Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014 and the SEBI Master Circular for Research Analysts, every Research Analyst must have an annual compliance audit done by a member of the ICAI, ICSI or ICMAI.
The Research Analyst must submit the report to RAASB/SEBI within one month of the audit report date, and not later than 31 October each year for the previous financial year. The status of the report and any adverse findings, with the action taken, must be published on the website.
What did the audit cover?
The audit checked compliance with the SEBI (Research Analysts) Regulations, 2014 and the circulars issued under them for FY 2025-26, including:
- Registration, qualification and NISM certification requirements
- Enlistment with RAASB and maintenance of records
- Website disclosures, Investor Charter and complaint disclosures
- Grievance redressal, SCORES and ODR requirements
- Cybersecurity, conflict of interest and code of conduct provisions
The audit was a sample-based compliance review. It is not an audit of financial statements and does not guarantee future compliance.
How can I get a copy of the report?
As required by SEBI, a copy of the compliance audit report is available to clients on request. Write to vipultheresearchanalyst@gmail.com or call +91 98117-35353 (Mon–Sat, 9:30 AM – 6:00 PM IST).
Where can I raise a concern or complaint?
Write to us first at the email above. If your concern is not resolved within 21 days, you can file a complaint on the SEBI SCORES portal (opens in a new tab) or use the Smart ODR platform (opens in a new tab). Details are on our Grievance Redressal page.
Compliance Audit Report FY 2025-26 (PDF)
Official audit report issued by JBM & Associates, Chartered Accountants.