Description
Rikhav Securities Limited replaces Aftertrade Broking Private Limited as the Market Maker for Davin Sons Retail Limited effective December 26, 2025.
Summary
BSE has announced a change in the Market Maker for Davin Sons Retail Limited (Scrip Code: 544331). Aftertrade Broking Private Limited (Clearing No. 6669) will cease its role as Market Maker, and Rikhav Securities Limited (Clearing No. 3174) will assume this responsibility effective December 26, 2025.
Key Points
- Aftertrade Broking Private Limited (Clearing No. 6669) will no longer act as Market Maker for Davin Sons Retail Limited
- Rikhav Securities Limited (Clearing No. 3174) appointed as new Market Maker
- New Market Maker has entered into agreement to comply with duties and obligations of Market Making
- Change applies to SLB (Securities Lending and Borrowing) segment
Regulatory Changes
No regulatory framework changes. This is a change in service provider maintaining existing market making obligations.
Compliance Requirements
- Rikhav Securities Limited must comply with all duties and obligations of Market Making as per BSE regulations
- Trading members should note the change in Market Maker for their records and operations
Important Dates
- Notice Date: December 24, 2025
- Effective Date: December 26, 2025 - Rikhav Securities Limited assumes Market Maker responsibilities
Impact Assessment
Minimal market impact expected. This is an administrative change affecting liquidity provision for a single stock. The transition from one registered Market Maker to another ensures continuity of market making services. Trading members dealing in Davin Sons Retail Limited should be aware of the new Market Maker for coordination purposes. No disruption to trading operations anticipated as the new Market Maker is obligated to fulfill all market making duties from the effective date.
Impact Justification
Routine administrative change of market maker for a single SME stock, affecting only liquidity provision arrangements with minimal market-wide impact