DB (International) Stock Brokers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 04, 2025
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DB (International) Stock Brokers Limited has scheduled its 33rd Annual General Meeting on Thursday, September 4, 2025, at 10:30 A.M., to be held via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The cut-off date to determine shareholder eligibility for remote e-voting is August 28, 2025, with the e-voting window running from September 1, 2025 (9:00 A.M.) to September 3, 2025 (5:00 P.M.). Key agenda items include adoption of FY 2024-25 audited financial statements, re-appointment of Mr. Shiv Narayan Daga as Chairman cum Managing Director for 5 years (remuneration up to Rs. 60 lakh per annum), appointment of Ms. Sheetal Periwal as Joint Managing Director for 5 years (remuneration up to Rs. 54 lakh per annum), and appointment of three new Independent Directors (Mr. Navratan Soni, Mr. Varun Aggarwal, and Ms. Shila Rathi) for 5-year terms. The meeting also proposes appointment of M/s. Surya Gupta & Associates as Secretarial Auditors for 5 years and an amendment to the Articles of Association to allow the same individual to serve as both Chairperson and Managing Director.
This is a routine AGM notice, but it carries notable governance changes: significant board restructuring with the addition of a Joint MD and three new Independent Directors, executive remuneration approvals, and an AOA amendment. Shareholders should review and vote on these resolutions, especially the executive appointments and pay packages, as they will shape the company's leadership and compensation framework over the next five years.