DB (International) Stock Brokers Limited has informed the Exchange about Copy of Newspaper Publication regarding surrender our original SEBI RA Registration Certificate No. INH000018346
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DB (International) Stock Brokers has informed the stock exchanges about the surrender of its SEBI Research Analyst (RA) Registration Certificate No. INH000018346. The company published a notice in Business Standard (English) and Financial Express (Ahmedabad Edition) on 21st May 2025 as required under Regulation 30 of SEBI Listing Regulations. The surrender is being done because the research analyst business is being merged into the parent company, Janaseva Sahakari Bank. The company has also issued a 15-day notice for clients/research analysts (Amit Bhavsar and Neha Dave) to settle any pending dues. The company's other registrations — broking (INZ000179035) and depository (IN-DP-CDSL-266-2004) — remain active.
This signals the company is winding down its independent research analyst vertical and consolidating it with the parent bank. While the core broking and depository businesses remain unaffected, shareholders should note the loss of this segment and monitor how the merger impacts overall revenue mix.