Elara Securities

Elara Securities - over the past two decades - has been the trusted partner of global financial institutions for their investments in India. We are a full-service securities firm, offering comprehensive research into 300+ India-based companies, macroeconomic research, sales & trading, derivatives and cash execution.

The breadth, depth and independence of our research is undisputed. Data intelligence, alternative research, pathbreaking ground research and the best bespoke corporate access offer our clients the edge to win.

We are mapping India's transformation into a Developed Economy as it rapidly expands its tentacles into new areas, such as Space Technology, AI, Defence, Manufacturing, and Digital Stack.

We understand India - the changing hue of the INR, and its morphing into a Developed Nation.

We are the Gateway to India. Let's Collaborate...

Sr. No Name of the Individual Designation Contact Nos E-mail id
1 Harendra Kumar Nishankar Managing Director +91 22 6164 8571 harendra.kumar@elaracapital.com
2 Mr. Kamal Kishore Sati Director & CFO +91 22 6164 8574 kamal.sati@elaracapital.com
3 Mr. Anand A. Rao Director & Compliance Officer +91 22 6164 8509 anand.rao@elaracapital.com
4 Mr. Jigar Mehta Company Secretary +91 22 4204 8622 jigar.mehta2@elaracapital.com
Elara Securities is committed to abiding by the laws of the land it operates in and will support or implement activities that positively affect the economically and socially disadvantaged population and the environment. The Corporate Social responsibility (CSR) activities of Elara Securities are guided by the vision and philosophy of its Founder & Director.

The Company believes that the true and full measure of growth, success and progress lies beyond balance sheets or conventional economic indices. It is best reflected in the difference that business and industry make to the lives of people. Through its social investments, the Company strives to address the needs of communities, taking sustainable initiatives in the areas of health, education, environment conservation, infrastructure and community development and response to natural calamities. For society, however, the Company is more than a corporate identity. It endeavours to be a catalyst for social empowerment. The company would carry out its CSR activities with the objective of overall National and Community Development. At the same time, the company would give preference to the local areas around the locations where it operates in India and in State of Uttarakhand, for spending the amount earmarked for CSR activities.

Annual Report on CSR Activities:
Financial year 2022-23
Projects approved by the Board of Directors:
Financial year 2023-24
For CSR Policy, please refer to the Policies Section under Download & Communication

Broking

Elara Securities has obtained membership of National Stock Exchange of India Limited and BSE Limited.

The Company’s business, amongst other things, is to trade in securities and derivatives and undertake all associated activities relating to its broking business.

SEBI Regn No: INZ000238236 (Member of BSE Limited (CM) and National Stock Exchange of India Limited (CM, F&O)).

Research Analyst

Elara Securities Research team delivers high-end, value-added equity research on Indian equity markets to an acclaimed global clientele. Propped by vast domain knowledge and wide expertise tailored to the Indian and global environments, our analysts’ ahead-of-the-curve ideas find a healthy client appetite towards large allocations.

Elara Securities has developed a client-focused fundamental research model, with deftly designed products that easily and successfully diagnose markets’ technical biases, spanning companies, industries, and thematic shifts. At present, Elara Securities analysts cover 25 companies, targeting most of India’s high-potential names. The 4-member esteemed Research team, located in Mumbai, is the crown jewel of Elara Securities.

Our team is consistently ranked high by top FII broking volume independent polls – Prominent among those being Asia Money’s Overall Country Research, Most Independent Research House, Materials, Energy, MidCaps, Small Caps and Capital Goods. Also, most analysts regularly hit the Institutional Investor Survey and also in Thomson Reuters’ Starmine rankings. Our successful analysts have earned their stripes through timely, in-depth analysis of companies, industries, markets and global economics.

Company and Industry Research

Our focus has always been to identify large turning points within sectors and anticipate emerging themes in their green shoots. To this aim, our research leverages multiple tools and resources to assess the investment plans, including industry contacts, supplier/customer surveys, and public documents. The end objective is to add value to our clients, by sifting the right industry perspective. Our bottom-up global thinking is entirely focussed on identifying multi-baggers with a view to systematically calibrating risk/rewards.

Macros

Increased interdependence of markets across geographies, macroeconomic variables and news flow has made it almost mandatory to gauge global indicators in country, industry and stock-specific research. Thus, we proactively leverage our extensive, global expertise, and specific calibers of the highly distinguished current and previous members of the Board of Contributors to impart reliable guidance to our clients.

We understand that insightful thinking within the Board is exceptionally rare. Therefore, our proprietary forecast index is a major source of confidence for us in guiding investors in broader asset allocation and portfolio positioning.

Our research efforts continually assess and calibrate the interaction between our Board members and investor clients, aiming for an optimal balance of thought leadership.

Equity Derivatives

Our dedicated Derivatives desk operates independently to spotlight the most optimal trades ideas through integrating various tools and insights. Their idea generation is back-tested for the efficacy and reflects a deep understanding of the need for holistic analysis – a strength that has held our clients in good stead.

We complement the insight from our Equities and broader Derivatives insights with our view on global/Indian markets, our product basket includes several other most-focussed themes such as:

  • Technical Snapshot – A snapshot of our analysts in vogue
  • Paybook – Select Equities based on Short to Medium Term bias
  • Options Trading Strategies

The true litmus test of successful trade ideas is evident in the fact that the largest trading desks depend and trade, based on them.

Convertibles

Elara provides advice on convertible bonds, offering valuable and easily comprehensible ideas to the clients. The focus is constantly on highly secure instruments across global and Indian equity markets. Our business covers not only our investors, spanning advisors as well as CII, CSOs, Power Companies and PIOs to name a few, but also includes academia for the universe of securities linked with convertibles.

Our success proves Elara with the ability to dialogue and collaborate with companies and management teams.

SEBI Research Analyst Regn no: INH000009533

Depository Participant

Elara Securities is registered as a depository participant with Central Depository Services (India) Limited and provides DP services to its clients.

SEBI Regn no: IN-DP-370-2018

Mutual Fund Distribution

Elara Securities is also a mutual fund distributor registered with AMFI and distributes units of mutual funds of various Asset Management Companies (AMCs) to its clients.

AMFI Registration Number (ARN) : 69444

Distribution of Third-Party Products

Elara Securities also distributes various third party financial products that include structured products like PMS, AIF, Fixed Income etc.

Elara Securities distribution services expertise is enabled by a team of investment professionals, offering a plethora of customized global wealth solutions. The team serves a host of clients, including private banks, hedge funds, family offices and ultra high net worth individuals, all of whom are stakeholders in the development and future growth of India and other Asian economies. At Elara Securities, we are focused on investing in the Indian financial markets as also adapting to our client’s needs.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do’s and Dont’s issued by Stock Exchanges and Depositories before trading on the Stock Exchanges. Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.

Attention Investors: 1)KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc., you need not undergo the same process again when you approach another intermediary. 2) For Stock Broking Transaction & Depository Participant Transactions: ‘Prevent unauthorised transactions in your account –> Update your mobile numbers/email IDs with your Stock Brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile/email at the end of the day…Issued in the interest of Investors. 3) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. 4) Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website. 5) Stock Broker can accept securities as Margin from Client only by way pledge in the Depository System w.e.f. Sepember 01, 2020 6) Check your securities / MF / Bonds in the consolidated account statement issued by NSDL/CDSL every month. ………. Issued in the Interest of Investors

Attention Investors:
1)KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc., you need not undergo the same process again when you approach another intermediary.
2) For Stock Broking Transaction & Depository Participant Transactions: ‘Prevent unauthorised transactions in your account –> Update your mobile numbers/email IDs with your Stock Brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile/email at the end of the day…Issued in the interest of Investors.
3) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
4) Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.
5) Stock Broker can accept securities as Margin from Client only by way pledge in the Depository System w.e.f. Sepember 01, 2020
6) Check your securities / MF / Bonds in the consolidated account statement issued by NSDL/CDSL every month. ………. Issued in the Interest of Investors

Mutual funds disclaimer: Mutual Fund investment are subject to market risk. Read all the scheme related documents carefully before investing. For more details click here.
Online Dispute Resolution Common Portal named SMART ODR is now live and can be accessed through the URL: https://smartodr.in/login

Account Opening Forms

Elara Account Opening Form - Individual Elara Account Opening Form - Non Individual

Procedure for opening account & Flowchart

  • The relationship manager will approach the client who wishes to open trading and/or demat account with Elara Securities (India) Private Limited.
  • Upon receipt of the duly filled and signed form along with supporting documents, the same will be submitted by the relationship manager to the account opening team.
  • After due diligence, KYC adequateness by validating with KRA and CKYC, the UCC details of the client will be uploaded by the account opening team to the concerned stock exchanges.
  • The client will be informed about set-up of the account and other details through a welcome letter.
  • The client will now be ready to trade on the exchange(s) subject to fulfilment of the required margin requirement prior to placing trades.

Client Registration Documents in Vernacular Language

Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language:

Assamese Bengali Gujarati Hindi Kannada
Kashmiri Konkani Malayalam Marathi Oriya
Punjabi Sindhi Tamil Telugu Urdu
Note: "This document is a translated version of the client registration documents in English and is being provided in vernacular language to facilitate better understanding by the investors. In case of any ambiguity, the contents of the English version would prevail."

List of Active Client Bank Accounts

Pursuant to (i) BSE Notice No. 20230201-05 dated 01-Feb-2023 & 20230127-42 dated 27-01 2023 read with BSE Notice No. 20160927-41 dated 27-Sep-2016 AND (ii) NSE Circular No. NSE/INSP/55402 dated 27-Jan-2023 read with NSE Circular No. NSE/INSP/2016/33276 dated 27-Sep-2016, the details of active client bank accounts of Elara Securities (India) Private Limited are as under:

Sr. No Bank Name Bank Account No IFSC Code
1 HDFC Bank 57500000882268 HDFC0000060
2 HDFC Bank 00600340039064 HDFC0000060
3 HDFC Bank 00600340036596 HDFC0000060
4 ICICI Bank 000405072422 ICIC0000004
5 HDFC Bank 00600340036950 HDFC0000060

Note:- "Investors are requested to note that Stock broker "Elara Securities (India) Private Limited" is permitted to receive/pay money from/to the investor through designated bank accounts only named as client bank accounts. Stock Broker "Elara Securities (India) Private Limited" is also required to disclose these client bank accounts to Stock Exchanges. Hence, you are requested to use the following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under "Know/Locate your Stock Broker" on NSE Website and under "Member Directory" on BSE Website.

Policies

Documents / Information For the Customers

Rights And Obligations Of Stock Brokers, Sub-Brokers And Clients As Prescribed By SEBI And Stock Exchanges Rights And Obligations Of Beneficial Owner And Depository Participant As Prescribed By SEBI And Depositories Risk Disclosure Document for Capital market and Derivatives segments Guidance note - Do's and Don'ts for trading on the exchange(s) for investors Policies and Procedures applicable to clients of ESPL Dos and Don'ts and best practices to be followed by the Demat account holders Advisory To Demat Account Holders Annexure I_Advisory for KYCupdation Annual Return: FY 22-23 FY 23-24
Investor Charter Details of Investor Complaints Data
Stock Brokers - Click Here Stock Brokers - Click here
Research Analyst - Click Here Research Analyst - Click here
Depository Participant - Click Here Depository Participant - Click here

Dear Investor,

In case of any grievance / complaint against:
Elara Securities (India) Private Limited
SEBI Regn No.:
INZ000238236 (BSE CM, NSE CM & F&O)
INH000000933 (Research Analyst)
INDP3702018 (CDSL)

Please note the Investor Grievance E-Mail ID: investor.grievances@elaracapital.com

In compliance with SEBI Circular No. MRD/DOP/Dep/SE/Cir-22/06 dated 18-DEC-2006, ELARA SECURITIES (INDIA) PRIVATE LIMITED (ESPL) registered as a Stock Broker, do hereby designate investor.grievances@elaracapital.com as a single, centralized and exclusive email ID of the Grievance Redressal Division / Compliance Officer of the Company, exclusively for the purpose of registering complaints/concerns by investors for Broking and DP operations. Investors are requested not to send emails of general queries on the said email ID.

ESPL shall take genuine investor grievances seriously and shall resolve them with the best possible efforts and in a timely manner.

Please contact the Compliance Officer(s):

Mr. Anand A Rao
Director & Compliance Officer(Broking and Research)
E-Mail: anand.rao@elaracapital.com
Phone: +91 22 6164 8509
Mob: +91 90046 79505
 Mr. Vijay Lohar
Compliance Officer (Depository Participant)
E-Mail: vijay.lohar@elaracapital.com
Phone: +91 22 4204 8606
Mob: +91 80979 90008
You may also approach the Managing Director

Mr. Harendra Kumar Nishankar
E-Mail: harendra.kumar@elaracapital.com
Phone: +91 22 6164 500

If you are not satisfied with the response of Elara Securities (India) Private Limited, you may lodge a complaint with the following:

Exchange Website Contact No E-Mail ID
BSE Limited (BSE) www.bseindia.com +91 22 2272 8097 is@bseindia.com
National Stock Exchange of India Limited (NSE) www.nseindia.com 1800 22 00 58 ignse@nse.co.in
Central Depository Services (India) Limited (CDSL) www.cdslindia.com 1800 22 5533 complaints@cdslindia.com

You can also lodge your grievances with the Securities and Exchange Board of India (SEBI) at https://scores.gov.in .

For any queries, feedback or assistance, please contact SEBI Office on:

Toll Free Helpline at 1800 22 7575 / 1800 266 7575.

Filing Complaints On SCORES - Easy & Quick:

  • Register On SCORES Portal
  • Mandatory Details For Filing Complaints On SCORES
    • Name, PAN, Address, Mobile Number, E-Mail ID
  • Benefits
    • Effective Communication
    • Speedy redressal of the grievances

Investor/client may also initiate dispute resolution through the ODR Portal https://smartodr.in/login, if the grievance lodged with the Company was not satisfactorily resolved or at any stage of the subsequent escalations mentioned above. The ODR Portal is designed with aim to provide a seamless and efficient platform for resolving disputes with Market Participants in the Indian Securities Market. The said Portal offers a user-friendly platform to file complaint/dispute for resolution through online conciliation and arbitration.

Investor Grievance Redressal Escalation Matrix for Elara Securities (India) Private Limited - Stock Broker (NSE & BSE) for Retail Broking Operations having SEBI Registration No.: INZ000238236 and Depository Participant (DP) Operations having SEBI Registration No.: IN-DP-370-2018

Dear Investor,

In case of any grievances or complaints against our services, please note our exclusive e-mail id: investor.grievances@elaracapital.com

The escalation matrix for Investor Grievance Redressal is as follows:

Level Details of Contact Person Address Direct Contact No. Email Id Operational/Working Hours
1 AGM Operations Mr. Ramesh Babu One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-42048605 ramesh.babu@elaracapital.com Working Hours: Monday to Friday Timing: 9.00 am to 6:00 pm excluding public holidays
2 VP Operations Mr. Dattaray Rasal One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648538 dattatray.rasal@elaracapital.com
3 Director & Compliance Officer Mr. Anand A Rao(Broking Operations) One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648509 anand.rao@elaracapital.com
Compliance Officer Mr. Vijay Lohar(DP Operations) One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-42048606 anand.rao@elaracapital.com
4 Managing Director Mr. Harendra Kumar Nishankar One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648500 harendra.Kumar@elaracapital.com


In the absence of a response/complaint not addressed to your satisfaction, you may lodge a complaint with the following:

Sr. No. Regulator / Exchange / DP Web Link
1 NSE https://investorhelpline.nseindia.com/NICEPLUS/
2 BSE https://bsecrs.bseindia.com/ecomplaint/frmInvestorHome.aspx
3 CDSL https://www.cdslindia.com/Footer/grievances.aspx
4 SEBI https://scores.gov.in

Please quote your Service Ticket/Complaint Ref No. while raising your complaint at the SEBI SCORES/Exchange portal.

Investor Grievance Redressal Escalation Matrix for Elara Securities (India) Private Limited - Stock Broker (NSE & BSE) for Institutional Broking Operations having SEBI Registration No.: INZ000238236
Dear Investor,

In case of any grievances or complaints against our services, please note our exclusive e-mail id: investor.grievances@elaracapital.com

The escalation matrix for Investor Grievance Redressal is as follows:

Level Details of Contact Person Address Direct Contact No. Email Id Operational/Working Hours
1 AVP Operations Mr. Sujit Samantaray One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648580 sujit.samantaray@elaracapital.com Working Hours: Monday to Friday Timing: 9.00 am to 6:00 pm excluding public holidays
2 VP Operations Mr. Dattaray Rasal One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648538 dattatray.rasal@elaracapital.com
3 Director & Compliance Officer Mr. Anand A Rao One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648509 anand.rao@elaracapital.com
4 Managing Director Mr. Harendra Kumar Nishankar One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648500 harendra.Kumar@elaracapital.com

In the absence of a response/complaint not addressed to your satisfaction, you may lodge a complaint with the following:

Sr. No. Regulator / Exchange / DP Web Link
1 NSE https://investorhelpline.nseindia.com/NICEPLUS/
2 BSE https://bsecrs.bseindia.com/ecomplaint/frmInvestorHome.aspx
3 SEBI https://scores.sebi.gov.in

Please quote your Service Ticket/Complaint Ref No. while raising your complaint at the SEBI SCORES/Exchange portal.


Dear Investor,

Investor Grievance Redressal Escalation Matrix for Elara Securities (India) Private Limited – (Research Analyst) having SEBI Registration No.: INH000000933

In case of any grievances or complaints against our services, please note our exclusive e-mail id: investor.grievances@elaracapital.com

The escalation matrix for Investor Grievance Redressal is as follows:

Level Details of Designation Contact Person Name Address where the physcial address location Contact No. Email Id Working hours when the complaintant can call
1 Head Of Research Mr. Bino Pathiparampil One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648500 Bino.Pathiparampil@elaracapital.com Working Hours: Monday to Friday Timing: 9.00 am to 6:00 pm excluding public holidays
2 Director & Compliance Officer Mr. Anand A Rao One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648509 anand.rao@elaracapital.com
3 Managing Director Mr. Harendra Kumar Nishankar One International Center, Tower 3, 21stFloor, Senapati Bapat Marg, Elphinstone Road West, Mumbai - 400013 022-61648500 harendra.Kumar@elaracapital.com


Flowchart:

Raise A Complaint Track Your Complaint
 
 
 
 
 
 
 
 
 

Prevent Unauthorized Transactions in your demat account: Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day .............. issued in the interest of investors.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Attention Investors

  • Stock Brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.
  • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create a pledge.
  • Pay 20% upfront margin of the transaction value to trade in the cash market segment.
  • Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
  • Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
  • Prevent Unauthorized Transactions in your demat account -> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day ............. issued in the interest of investors.
  • SEBI Investor web-site: https://investor.sebi.gov.in

Advisory for Investors

  • Investors are advised not to blindly follow the unfounded rumours, tips given in social networks, SMS, WhatsApp, Blogs etc. and invest only after conducting an appropriate analysis of respective companies. Beware of fraudster entities operating throughout India and sending bulk messages on the pretext of providing investment tips and luring investors to invest with them in their bogus firms by promising hefty profits.
  • Beware of unauthorised collective investments/portfolio management/fixed/guaranteed/regular returns/ payments/capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within the last 30 calendar days. Please note that in case of default of a Member, a claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of the declaration of the trading member as a defaulter, the claims of clients against such a defaulter member would be subject to norms for eligibility of claims or compensation from IPF to the clients of the defaulter member. These norms are available on the Exchange website at the following link: NSE - Defaulter Information & BSE - Claim against Defaulter
  • Brokers are not permitted to accept the transfer of securities as a margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of 'margin pledge', created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
  • Always keep your contact details viz. Mobile number/Email ID updated with the stock broker to prevent unauthorised transactions in your account. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records and to receive information of your transactions directly from Exchange on your email/mobile at the end of the day. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
  • Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
  • Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by the broker and immediately raise a concern to the exchange if you notice a discrepancy.
  • Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Segregation of Client Collateral

With a view to providing visibility of client-wise cash and non-cash collateral at TM, CM and Clearing Corporation (CC) levels, daily reporting of such collaterals to CC is put in place by us in compliance with SEBI Circular SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated 20 July 2021 read with NCL circular nos. NCL - CMPL - 49348 dated 20 August 2021, NCL-CMPL-49640 dated 17 Sept 2021 and NCL and ICCL Circular nos. 20210823-44 dated 23 August 2021, 20210917-56 dated 17 Sept 2021 and 20211001-58 dated 1 Oct 2021. Clients can register on URL Client Collateral Registration

Awareness on Rights Entitlement (SEBI Circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated 22 Jan 2020 & SEBI/HO/CFD/SSEP/CIR/P/2022/66 dated 19 May 2022)

BSE FAQs
NSE FAQs

Links to e-Voting facility provide by listed entities (SEBI Circular SEBI/HO/CFD/CMD/ CIR/P/2020/242 dated 09-Dec-2020)

E-Voting CDSL
E-Voting NSDL

Precautions for clients dealing in Options

With reference to the below-mentioned circulars on precautions for clients dealing in options, we would like to inform you that the exchange has advised us to create awareness amongst the clients/investors to sensitise and avoid practices like:

  • Sharing of trading credentials - login id & passwords including OTP's.
  • Trading in leveraged products like options without proper understanding, which could lead to losses.
  • Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks.
  • Dealing in unsolicited tips through WhatsApp, Telegram, YouTube, Facebook, SMS, calls, etc.
  • Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencer.


“Saa₹thi” App
The updated “Saa₹thi” app introduces a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts.
It includes financial calculators and has different modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and the Online Dispute Resolution (ODR) platform. Additionally, the app features a range of videos designed to assist investors in their personal finance planning.
The “Saa₹thi” app is available for download on Google Play Store and the iOS App Store. logo of a plant growing on books

Google Play Store: https://play.google.com/store/apps/details?id=com.sebi.invapp
iOS App Store: https://apps.apple.com/in/app/saa%E2%82%B9thi/id1589426387



Voluntary freezing/blocking of trading accounts

Process For Voluntary Freezing/ Blocking the Online access of the Trading Account:

A. In case of any suspicious activity being observed by the client, the client can raise a request for voluntary freezing / blocking the online access of the Trading Account, by intimating through following modes:

  • Sending an e-mail on stoptrade@elaracapital.com from registered e-mail id.
  • Web link: https://elarasecurities.com/freeze-ac/
  • Calling on +91 22 424084605 / +91 22 424084606 / +91 22 42408617

B. On receipt of request from client, the request will be validated to ensure that the request placed is a genuine one.

C. After validation of the request, acknowledgement will be provided to the client and online access of the client’s trading account will be freezed /blocked and all the pending orders will be cancelled.

D. The Confirmation of the freezing/blocking of the clients trading account will be sent on the registered mobile number and e-mail id of the client.

E. The details of open positions (if any) will also be communicated to the client along with contract expiry information within one hour from the freezing/blocking of the trading account.

F. ELARA will maintain the appropriate records/logs including, but not limited to, request received to freeze/block the online access of trading account, confirmation given for freezing/blocking of the online access of the trading account and cancellation of pending orders, if any, sent to the clients.

Timelines for freezing/ blocking of the online access of the clients’ trading account is as under: –

Scenario Timelines for issuing acknowledgement as well as freezing / blocking of the online access of the trading account
Request received during the trading hours1 and within 15 minutes before the start of trading. Within 15 minutes2
Request received after the trading hours and 15 minutes before the start of trading Before the start of next trading session

1 Trading hours shall be as follows: Capital Market Segment: 9:15 a.m. to 3:30 p.m., Equity Derivatives Segment: 9:15 a.m. to 3:30 p.m., Currency Derivatives Segment: 09:00 a.m. to 05:00 p.m., Commodity Derivatives Segment: 09:00 a.m. to 11:30 p.m.
2 To begin with, the time limit of 15 minutes is being specified for the purpose of issuing acknowledgement as well as freezing/blocking of the online access of the trading account. This time limit shall be contracted after a review in the next six months after the date of its applicability to enhance protection of investors from suspicious activities.

If you wish to freeze / block your trading account through website, please fill in the below mentioned details and click on submit:





Re-enabling the client for online access of the trading account:

The online access of trading account will be reenabled after carrying out necessary due diligence including validating the client request and unfreezing / unblocking the online access of the trading account. The process for re-enablement is as under:

  • Client can raise a request for voluntary freezing / blocking the online access of the Trading Account, by intimating through following modes:
  • Sending an e-mail on stoptrade@elaracapital.com from registered e-mail id.
  • Calling on +91 22 424084605 / +91 22 424084608 / +91 22 42408617

B. On receipt of request from client, the request will be validated to ensure that the request placed is a genuine one.

C. After validation of the request, acknowledgement will be provided to the client and online access of the client’s trading account will be unfreezed /unblocked.

D. The Confirmation of the unfreezing/unblocking of the clients trading account will be sent on the registered mobile number and e-mail id of the client.