Legal

Disclaimer

Last updated: February 2026

Not Investment Advice

Lekha is a technology platform that hosts user-generated content. The Platform, its operators, and its creators do not provide investment advice, financial planning, securities brokerage, or trade execution services of any kind.

No Recommendations

Nothing on this Platform should be construed as a recommendation to buy, sell, or hold any security, financial product, or investment strategy. All portfolio data, journal entries, thesis notes, and commentary published by users represent their personal opinions and should not be treated as financial advice.

User Content Responsibility

Content published on Lekha is created by individual users. Lekha does not verify the accuracy, completeness, or truthfulness of any portfolio data, returns, or commentary. Users may misrepresent their holdings, omit positions, or present inaccurate information. Always perform your own due diligence before making any investment decision.

SEBI Regulatory Status

Lekha is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser, Research Analyst, Portfolio Manager, or in any other capacity.

Individual users on the Platform may or may not be SEBI registered. Their registration status is displayed on their profile:

  • SEBI RIA: User claims to be a SEBI Registered Investment Adviser
  • SEBI RA: User claims to be a SEBI Registered Research Analyst
  • Not Registered: User is not SEBI registered; content is personal opinion only

Lekha does not verify SEBI registration claims. You should independently verify any registration claim through the SEBI intermediary search portal before relying on content from any user.

Market Data

Market prices and financial data displayed on the Platform are sourced from third-party providers. This data may be delayed, inaccurate, or incomplete. Lekha does not guarantee the accuracy or timeliness of any market data. Do not rely on data shown on the Platform for making trading or investment decisions.

Past Performance

Past performance of any portfolio displayed on Lekha is not indicative of future results. Investment returns shown are based on user-reported data and may not reflect actual brokerage account performance. All investments carry risk, including the risk of loss of principal.

Risk Warning

Investing in securities involves significant risk. The value of investments can go down as well as up. You may lose some or all of your invested capital. Before investing, consider your financial situation, investment objectives, and risk tolerance. Consult a qualified, SEBI-registered financial adviser if you need personalized advice.

Limitation of Liability

To the fullest extent permitted by Indian law, Lekha, its founders, employees, and affiliates shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from your use of the Platform or reliance on any content published on the Platform, including but not limited to financial losses resulting from investment decisions.

Contact

For questions about this Disclaimer, contact us at legal@lekha.app