Davin Sons Retail Limited has announced its retail expansion with the establishment of a new multi-brand clothing store in Gurugram. The company has entered into a rent agreement for a strategic location in Huda Market, Sector-31, Gurugram, expanding its retail footprint in the NCR region.

Store Location and Agreement Details

The company has secured a prime commercial area in Huda Market, Sector-31, Gurugram. This location represents a significant opportunity for the retailer to tap into the growing consumer market in the National Capital Region.

Strategic Expansion Move

The new store establishment reflects Davin Sons Retail's commitment to expanding its retail footprint in key commercial markets. Gurugram, being a major commercial hub in the NCR region, offers substantial potential for retail growth and customer acquisition.

Regulatory Compliance

While specific disclosure dates are not provided in the latest information, it's important to note that such expansions are typically announced in compliance with SEBI regulations, ensuring transparency for all stakeholders.

This expansion initiative positions Davin Sons Retail Limited to capitalize on the growing retail market in Gurugram while strengthening its multi-brand clothing segment presence in the region.

Davin Sons Retail Limited has announced a strategic transition in its market maker arrangement, ensuring continued liquidity support for its shares listed on the BSE SME segment. The company has appointed Rikhav Securities Limited as its new market maker while discontinuing services with Aftertrade Broking Private Limited, both changes taking effect on December 17, 2025.

Market Maker Transition Details

The market maker change involves a seamless transition to maintain trading liquidity for the company's shares. The key details of this transition are outlined below:

Background and Rationale

Aftertrade Broking Private Limited had been serving as the market maker for Davin Sons Retail since the company's listing date of January 9, 2025, under a Market Making Agreement dated July 15, 2024. The outgoing market maker provided seven days' notice for discontinuation, citing other business occupancies as the reason for stepping down from their market-making duties.

In their resignation notice dated December 8, 2025, Aftertrade Broking confirmed they had been actively providing quotes on the BSE platform since the listing date. The company clarified that from December 17, 2025, they would cease providing any quotes for the scrip as a market maker.

New Market Maker Credentials

Rikhav Securities Limited has formally consented to act as the replacement market maker for Davin Sons Retail's shares. The new market maker brings established credentials to support the company's trading activities:

Rikhav Securities has confirmed its valid registration as a market maker with BSE and stated that it has not been prohibited by SEBI from acting as an intermediary in capital market issues. The company has also confirmed it has not been debarred from functioning by any regulatory authority.

Regulatory Compliance

Davin Sons Retail has ensured full regulatory compliance throughout this transition process. The company has duly notified its merchant banker, Navigant Corporate Advisors Limited, regarding the market maker appointment and discontinuation. The merchant banker has confirmed no objection to the proposed changes.

The company's shares trade under BSE scrip code 544331 with the symbol DAVIN and ISIN INE0Q2L01013.

Impact on Trading Operations

The transition has been structured to ensure minimal disruption to trading activities. With Aftertrade Broking's services ending after market hours on December 16, 2025, and Rikhav Securities beginning operations at the start of market hours on December 17, 2025, there should be no gap in market-making services for the company's shares.