The Board of Directors in their meeting held on considered and approved the following: 1. The proposal for transfer of business from M/s SVCM Securities Private Limited a registered ....
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B.N. Rathi Securities' board, meeting on December 17, 2025, approved two key initiatives. First, the company will take over the business (client Demat and trading accounts) of SVCM Securities Private Limited, a registered member of NSE, BSE, MCX and CDSL based in Mumbai, subject to approvals from these exchanges. Second, the board approved setting up a new Merchant Banking Division for which SEBI registration will be sought, with an estimated investment of Rs. 25 Lakhs. The deal is not a related-party transaction and no shares are being issued as part of the arrangement. The SVCM transfer is essentially a client account migration, not a full company acquisition.
The SVCM client account transfer will grow B.N. Rathi's active client base and brokerage revenue, while the new Merchant Banking Division diversifies revenue beyond broking into advisory and capital market services. Both moves signal business expansion, which is positive for long-term growth, though the merchant banking foray is small (Rs. 25 Lakhs) and incremental.