DB Intnl.StockBroker

DB (International) Stock Brokers' board approved a proposal to transfer its major client business, covering trading, depository participant services, mutual funds and other financial products, to a prospective buyer subject to shareholder and regulatory approvals. The board authorised Chairman and Managing Director Shiv Narayan Daga to identify buyers and to negotiate and finalise commercial terms, including execution of memorandums of understanding and definitive agreements. The company operated a single reportable segment of share broking and related services, spanning equity, derivatives and commodity broking alongside depository and distribution activities. It reported standalone revenue of Rs 27.35 crore and net profit of Rs 3.11 crore for the year to March 2026, down from Rs 41.06 crore and Rs 5.24 crore a year earlier. Total assets stood at Rs 112.12 crore at the end of March, including bank balances of Rs 87.43 crore, against equity of Rs 71.94 crore.

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DB (International) Stock Brokers scheduled a board meeting for 17 September 2026 to consider management's proposal to transfer its major client business to a suitable buyer. The proposal covered trading, depository-participant, mutual-fund and other financial-product activities, and the board was to be authorised to discuss terms with prospective buyers. DB reported standalone FY26 operating revenue of ₹27.35 crore and net profit of ₹3.11 crore. Its disclosed services included equity, derivatives and commodity broking, CDSL depository participation and distribution of mutual funds, IPOs, bonds and fixed deposits. No buyer or transaction value was named in the notice.

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Aug 14 (Reuters) - DB (International) Stock Brokers Ltd DBSB.NS:

• INCOME TAX DEPARTMENT HAD ISSUED DEMAND NOTICE OF 2.6 MILLION RUPEES FOR FY 2016-17

• CO HAS FILED APPEAL AGAINST AFORESAID DEMAND BEFORE COMMISSIONER INCOME-TAX (APPEALS)

Source text for Eikon: ID:nNSE67VSjH

Further company coverage: DBSB.NS

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