While brokers collect this fee on behalf of the exchanges from clients, sources said many firms have been retaining excess of these amounts that have not been transferred to the bourses. Though there are no rules that state brokers must return the excess amount collected from clients, they may be treading a regulatory twilight zone.
Uflex shares surge 16% after Q1 profit zooms 630% YoY
Uflex shares rallied after the company reported a 630% YoY jump in Q1 FY27 net profit to Rs 423.3 crore. Revenue grew 38% to Rs