Milap Chand Bothra ceases as Independent Director at DB (International) Stock Brokers
Milap Chand Bothra ceased as Independent Director at DB (International) Stock Brokers on July 21, 2026, following the completion of his tenure. The company disclosed this change to the stock exchanges under Regulation 30 of the SEBI Listing Regulations.

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Milap Chand Bothra has ceased to be an Independent Director on the Board of DB (International) Stock Brokers with effect from the close of business hours on July 21, 2026. The cessation follows the completion of his tenure as an Independent Director. The company informed the National Stock Exchange of India Limited and BSE Limited regarding this change in management.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A to Schedule III of the said regulations. The company also referenced the SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, for providing the required details.
Details of the Change
The company provided specific particulars regarding the cessation of the director in an annexure to the regulatory filing. The reason cited was the completion of his tenure as an Independent Director.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Reason for change | Cessation on account of Completion of his tenure as an Independent Director |
| 2. | Date of cessation | with effect from close of business hours on July 21, 2026 |
The filing was signed by Shiv Narayan Daga, Managing Director of DB (International) Stock Brokers Limited. The company's scrip is traded on the BSE with the code 530393 and on the NSE under the symbol DBSTOCKBRO.
Historical Stock Returns for DB International Stock Brokers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.00% | -0.86% | +8.09% | +41.41% | +23.71% | +145.32% |
Who will be appointed as the replacement Independent Director, and how will their background influence the board's strategy?
Will the departure of Mr. Bothra trigger any immediate changes in the company's governance policies or board committees?
How might this leadership transition impact the company's operational performance in the upcoming fiscal quarter?
































