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Davin Sons Retail Limited, listed on the BSE SME platform (BSE Code: 544331), has informed the exchange about a change in its market maker. Aftertrade Broking Private Limited, which had been acting as market maker since the listing date of January 9, 2025, has resigned due to other business commitments, with the discontinuation effective after market hours on December 16, 2025. Rikhav Securities Limited will take over as the new market maker starting at the beginning of market hours on December 17, 2025, ensuring there is no gap in market-making activity. The merchant banker, Navigant Corporate Advisors Limited, has raised no objection to this change. Rikhav Securities is a SEBI-registered market maker and has confirmed it is not barred from acting as an intermediary.
This is a routine operational update with no expected material impact on shareholders. Since there is no gap between the outgoing and incoming market makers, trading liquidity in the stock should remain uninterrupted. Investors should note that the company continues to meet BSE SME listing requirements for market making.