DB (International) Stock Brokers Limited has informed the Exchange about Change in Management in the Company effective from the conclusion of the Board Meeting held on Tuesday, July 29, 2025
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DB (International) Stock Brokers announced several board-level changes effective July 29, 2025, following a board meeting. Ms. Sheetal Periwal, daughter of promoter and founder Mr. Shiv Narayan Daga, has been appointed as Joint Managing Director; she holds 3.79% in the company. Mr. Shiv Narayan Daga (18.89% stake) has been re-designated from Managing Director to Chairman cum Managing Director for a 5-year term. Three new Non-Executive Independent Directors — Mr. Navratan Soni, Mr. Varun Aggarwal, and Ms. Shila Rathi — have been appointed for 5-year terms, subject to shareholder approval. Additionally, Ms. Prachi Sharma was re-designated as Manager – Secretarial and Listing Compliances, and Mr. Shiv Singh was re-designated as Company Secretary and Compliance Officer.
The changes strengthen promoter family involvement at the top management level, with the founder's daughter taking a key executive role, which signals continuity of family control. The addition of three independent directors is a positive governance step. Shareholder approval at the upcoming general meeting will be a key milestone to watch; near-term stock impact is expected to be limited as no operational or financial changes were announced.