DB (International) Stock Brokers Limited announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025. The Board of Directors approved these results in their fourth board meeting of FY2025-26 held on January 23, 2026, at the company's office in Noida.

Standalone Financial Performance

The company's standalone operations showed mixed performance during the third quarter of FY2025-26. Total revenue from operations declined to ₹658.26 lakhs compared to ₹884.71 lakhs in the corresponding quarter of the previous year.

Despite the revenue decline, the company managed to improve its bottom line with net profit after tax increasing to ₹94.56 lakhs from ₹84.71 lakhs in the same quarter last year. This improvement was primarily driven by better cost management, with total expenses reducing to ₹537.11 lakhs from ₹809.01 lakhs.

Revenue Composition Analysis

The company's revenue streams showed varying performance across different segments during the quarter.

The most significant impact came from reduced net gains on fair value changes, which declined by ₹168.72 lakhs compared to the previous year quarter.

Consolidated Financial Results

The consolidated financial results, which include the wholly-owned subsidiary Daga Business (International) Stock Brokers (IFSC) Private Limited, showed similar trends with some variations.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company's standalone performance showed resilience despite challenging market conditions.

Corporate Governance and Compliance

The financial results were reviewed by the audit committee and approved by the Board of Directors. The statutory auditors ATK & Associates, Chartered Accountants, conducted a limited review and issued an unmodified opinion on both standalone and consolidated results. The company operates primarily in the share broking and related services segment, with no other reportable segments as per Ind AS 108.

The company maintains its paid-up equity share capital at ₹700.00 lakhs with a face value of ₹2 per equity share. The results are prepared in accordance with Indian Accounting Standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013.

Roopam Financiers Private Limited has filed a substantial acquisition disclosure with stock exchanges regarding the increased stake in DB International Stock Brokers Limited. The disclosure, made under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations 2011, was filed on December 23, 2024, detailing the acquisition of additional equity shares through open market purchases.

Acquisition Details

The acquisition involved Roopam Financiers Private Limited and its Persons Acting in Concert (PACs) purchasing a total of 7,01,663 equity shares. The breakdown shows Roopam Financiers acquired 5,45,873 shares (1.56%), while PAC Shanker Credits Private Limited purchased 1,55,790 shares (0.44%). The other PACs, Mahalaxmi Woolen Company Private Limited and Salvia Finvest Private Limited, did not acquire additional voting shares in this transaction.

Holdings Comparison

The acquisition resulted in a significant change in the collective holding pattern of the acquirer group. Before the acquisition, the combined holding of Roopam Financiers and its PACs stood at 45,95,668 shares, representing 13.13% of DB International Stock Brokers' total share capital. Post-acquisition, their total holding increased to 52,97,331 shares, constituting 15.14% of the company.

Individual Holdings Breakdown

Post-acquisition, Roopam Financiers Private Limited holds 10,36,248 shares (2.96%), while Shanker Credits Private Limited maintains 1,77,337 shares (0.51%). Salvia Finvest Private Limited holds 23,884 shares (0.07%), with Mahalaxmi Woolen Company Private Limited reporting no voting shares.

Encumbered Holdings

The disclosure reveals substantial encumbered holdings in the form of pledged shares. After the acquisition, Shanker Credits holds 21,25,959 encumbered shares (6.07%), while Roopam Financiers holds 20,17,903 encumbered shares (5.77%). Mahalaxmi Woolen Company maintains 80,000 encumbered shares (0.23%), with no encumbered holdings reported for Salvia Finvest Private Limited.

Transaction Details

The share acquisitions were completed through open market purchases, with the last transactions occurring on December 22, 2024, for both Roopam Financiers Private Limited and Shanker Credits Private Limited. DB International Stock Brokers maintains an equity share capital of ₹7.00 crores, which remained unchanged following the acquisition. The disclosure was signed by Chhote Lal Sharma, Director of Roopam Financiers Private Limited (DIN: 01632996), confirming that the acquirer group does not belong to the promoter or promoter group category of the target company.