DB (International) Stock Brokers Ltd. will convene its Board of Directors on Wednesday, October 21, 2026, to consider the company's financial performance for the quarter ended September 30, 2026.

The primary agenda includes the consideration and approval of the unaudited standalone and consolidated financial results for the second quarter and half year of FY27. This follows standard regulatory requirements for listed entities to disclose periodic earnings within specified timelines.

Strategic Business Review

In addition to financial disclosures, the Board will evaluate a significant operational proposal regarding the retail client segment. The management has submitted a proposal concerning prospective buyers for the transfer of retail client business. This scope encompasses trading accounts, Depository Participant services, Mutual Fund distributions, and other financial products offered by the company.

If the Board approves this proposal, it will authorise Managing Director Shiv Narayan Daga to execute a Memorandum of Understanding (MoU) or term sheet with the selected buyer(s). This step indicates a potential restructuring or divestment of specific retail-facing operations.

Regulatory Compliance

The intimation was filed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed the schedule through a letter signed by Company Secretary Uttama on October 15, 2026.

DB (International) Stock Brokers Ltd conducted its 34th Annual General Meeting on September 29, 2026, through Video Conferencing/Other Audio-Visual Means. The meeting focused on the adoption of financial statements for the fiscal year ended March 31, 2026, and the re-appointment of key management personnel.

Proceedings and Quorum

The meeting commenced at 10:30 am with Ms. Uttama, Company Secretary & Compliance Officer, confirming the presence of requisite quorum. Mr. Shiv Narayan Daga, Chairman and Managing Director, assumed the chair. Representatives from the Statutory Auditors, Secretarial Auditors, Scrutinizer, and Registrar and Share Transfer Agent attended virtually.

Ms. Uttama informed members that there were no qualifications or adverse remarks in the Statutory Auditors' Report or the Secretarial Auditors' Report for FY26. Remote e-voting facilities were available from September 26 to September 28, 2026, allowing shareholders to cast votes prior to the live session.

Key Resolutions Passed

The following ordinary business items were transacted during the meeting:

• Adoption of Financial Statements: Members adopted the Standalone and Consolidated Audited Financial Statements for FY26, along with the Board of Directors' and Auditors' reports.
• Re-appointment of Managing Director: Mr. Shiv Narayan Daga was re-appointed as Managing Director, retiring by rotation under the provisions of the Companies Act, 2013.

Voting Results Analysis

The scrutinizer's report confirmed that both resolutions were passed with a 100% majority. A total of 157 members cast their votes through remote e-voting, representing 2,66,77,159 shares out of the total outstanding shares. Notably, no votes were cast against either resolution, indicating unanimous shareholder support for the management's performance and leadership continuity.

The voting process was facilitated by Central Depository Services (India) Limited ('CDSL'), with Mr. Surya Kant Gupta of M/s Surya Gupta & Associates serving as the Scrutinizer. The cut-off date for identifying eligible voters was September 22, 2026.

Management Commentary

Ms. Sheetal Periwal, Joint Managing Director, briefed shareholders on the company's financial and operational performance for FY26. She also outlined the company's future vision and strategic direction. A Question and Answer session followed, where management addressed queries raised by registered speakers.

The voting lines remained open for 15 minutes after the conclusion of the address. The meeting adjourned at 11:03 am.