Key Decision
Board of Directors of DB (International) Stock Brokers Limited, at its meeting held on Thursday, September 17, 2026, considered and approved the proposal for transfer of the Company's major client business to a suitable prospective buyer. The business includes operations relating to Trading, Depository Participant, Mutual Fund and other financial products.
Conditions and Approvals Required
The proposed transfer is subject to:
- Approval of shareholders of the Company at the Extra-ordinary General Meeting
- Other regulatory approvals, consents and permissions as may be required under applicable laws and regulations
Authorization
Board authorized Mr. Shiv Narayan Daga, Chairman & Managing Director, to:
- Identify and engage with prospective buyers
- Discuss, negotiate and finalise commercial and other terms and conditions of the proposed transaction
- Enter into and execute requisite Memorandum of Understanding (MoU), agreements, documents and other writings
This authorization is subject to approval of the Board wherever required and applicable statutory, regulatory and other approvals.
Meeting Details
The Board meeting commenced at 09:30 A.M. and concluded at 10:13 A.M. on September 17, 2026.
Additional Information
The information is available on the Company's website at www.dbonline.in and on the websites of the Stock Exchanges at www.nseindia.com and www.bseindia.com.
Financial Impact
Financial impact of the proposed business transfer has not been quantified in this disclosure.