DOLATALGO

Nov 11 (Reuters) - Dolat Algotech Ltd DOLA.NS:

• DOLAT ALGOTECH SEPT-QUARTER CONSOL NET PROFIT 667.1 MILLION RUPEES

• DOLAT ALGOTECH SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.46 BILLION RUPEES

Source text: ID:nBSE6TpJpM

Further company coverage: DOLA.NS

(([email protected];;))

Aug 6 (Reuters) - Dolat Algotech Ltd DOLA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 716.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.52 BILLION RUPEES

Source text for Eikon: ID:nBSE5Xwhvn

Further company coverage: DOLA.NS

(([email protected];))

Rewrites with Zerodha comments; updates share prices

BENGALURU, July 2 (Reuters) - Zerodha, India's largest discount broker, said on Tuesday it will in all likelihood have to abandon its zero-brokerage model and raise derivative trading fees after the market regulator mandated uniform charges that are not based on volumes.

Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India (SEBI) wants to curb.

The new fee structure, which kicks in from October, has a significant impact on brokers, traders and investors, Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X.

"With the new circular, we will, in all likelihood, have to let go of the zero brokerage structure and/or increase brokerage for F&O trades," he said, referring to futures and options, which are derivative products in the stock market.

"Brokers across the industry will also have to tweak their pricing."

Shares of listed brokerages Angel One ANGO.NS, SMC Global Securities SMCG.NS, Motilal Oswal MOFS.NS, Geojit Financial GEOJ.NS and Dolat Algotech DOLA.NS fell between 3% and 8% on Tuesday.

5Paisa Capital PAIS.NS ended flat, while exchange operator BSE BSEL.NS dropped about 3.5%.

Some of these stocks have jumped 50%-124% so far this year due to a surge in trading activity, with the blue-chip Nifty 50 .NSEI and S&P BSE Sensex .BSESN indexes trading at all-time highs.

The exchange transaction charge, which constitute between 15%-30% of large brokers' revenues and more than 50% of discount brokers', is crucial for their sustainability, said Tejas Khoday, CEO and co-founder of discount broking firm FYERS.

"A 100% pass-through of exchange transaction charges threatens to destabilise the discount brokerage business model," Khoday said.

The revenue impact on Zerodha could be 10%, and 10%-50% for the industry, Kamath estimated.

The SEBI had warned of rising risks due to a surge in derivative trading. Regulators were discussing steps to cool the frenzy, Reuters reported last month.

(Reporting by Jayshree P Upadhyay and Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Nov 6 (Reuters) - Dolat Algotech Ltd DOLA.NS:

• SEPT-QUARTER CONSOL NET PROFIT 349.7 MILLION RUPEES VERSUS PROFIT 420.1 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 760.7 MILLION RUPEES VERSUS 784 MILLION RUPEES

Source text for Eikon: ID:nBSE9pH1yJ

Further company coverage: DOLA.NS

(([email protected];))

Aug 10 (Reuters) - Dolat Algotech Ltd DOLA.NS:

• DOLAT ALGOTECH RE‐APPOINTS PANKAJ D. SHAH DESIGNATED AS MD

Source text for Eikon: ID:nBSEwnVJr

Further company coverage: DOLA.NS

(([email protected];))