Description
Navkar Share & Stock Brokers Pvt. Ltd. will cease currency derivative segment operations effective January 12, 2026 due to voluntary business closure.
Summary
BSE has notified trading members that Navkar Share & Stock Brokers Pvt. Ltd. (Member No. 111) will cease operations in the Currency derivative segment effective January 12, 2026, due to voluntary closure of business.
Key Points
- Navkar Share & Stock Brokers Pvt. Ltd. (Member No. 111) is voluntarily closing its business
- Operations will cease in the Currency derivative segment only
- Effective date: Monday, January 12, 2026
- Trading members have been informed of this closure
Regulatory Changes
No regulatory changes. This is a member-specific business closure notification.
Compliance Requirements
No specific compliance requirements for other trading members. For clarifications, members may contact membership.ops@bseindia.com.
Important Dates
- January 9, 2026: Notice date
- January 12, 2026: Effective date of cessation of business in currency derivative segment
Impact Assessment
Minimal market impact. This is a single member’s voluntary closure in the currency derivatives segment. Other trading members and market operations remain unaffected. Clients of Navkar Share & Stock Brokers may need to transfer their currency derivative positions to other brokers before the closure date.
Impact Justification
Single member voluntary closure in currency derivatives segment with limited market-wide impact