Zerodha may charge delivery trades after a 40% brokerage revenue drop caused by recent regulatory changes.

• Regulators increased STT, cut weekly expiries, removed fee rebates, slashing Zerodha’s derivatives earnings dramatically.
• Despite losses, Zerodha holds over ₹13,000 crore net worth, zero debt, strong client fund ratio.
• Potential delivery fee introduces industry‑changing move, aligning Zerodha with rivals and altering India’s brokerage landscape.