DJS Stock & Shares approves MoA and AoA changes

DJS Stock and Shares Limited has secured shareholder approval for eight special resolutions via a postal ballot, including the surrender of trading and clearing memberships and alterations to its Memorandum of Association (MoA) and Articles of Association (AoA). The voting, conducted through remote e-voting from June 4 to July 3, 2026, saw a total of 49,857,298 votes polled, representing 66.07% of the outstanding shares. The resolutions were passed with the requisite majority, as detailed in the scrutinizer's report dated July 4, 2026.

The postal ballot notice was sent to members on June 1, 2026, with a record date of May 29, 2026. The company engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process. The scrutinizer, CS Narottam Bagaria of N. Bagaria & Associates, confirmed that the voting process was conducted fairly and transparently in compliance with the Companies Act, 2013, and relevant regulations.

Voting Results

The resolutions covered a range of structural changes, including the alteration of the main object clause, change of the company's name, and amendments to the liability clause. The table below summarizes the voting outcomes for the key resolutions:

Resolution	Subject	Votes In Favour	Votes Against	% In Favour
1	Surrender of trading and clearing memberships	49,856,397	901	99.9982
2	Alteration of Main Object Clause	49,857,297	1	100.0000
3	Change of Name of the Company	49,857,297	1	100.0000
4	Amendment of Incidental Object Clause	49,857,297	1	100.0000
5	Deletion of clause 3A of MoA	49,856,397	901	99.9982
6	Deletion of Other Object Clause	49,856,397	901	99.9982
7	Amendment of Liability Clause	49,857,297	1	100.0000
8	Alteration of Articles of Association	49,857,297	1	100.0000

Shareholder Participation

A total of 8,343 shareholders were on record as of the cut-off date. The promoter and promoter group held 42,130,500 shares, while public non-institutions held 33,325,500 shares. Public institutions did not hold any shares. The resolutions received overwhelming support from the promoter group, which voted 100% in favour of all proposals. Public non-institutions also voted largely in favour, with minor opposition on certain resolutions.

The scrutinizer's report noted that no postal ballot papers were received, as the communication of assent or dissent took place solely through the remote e-voting system. All electronic votes received by the deadline were considered valid, and no invalid votes were recorded for any of the resolutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.10%	-5.76%	-1.64%	-27.42%	-10.89%	+18.42%

DJS Stock and Shares Limited has called for a postal ballot to seek shareholder approval for surrendering its trading and clearing memberships, changing its name to DJS Fintech Services Limited, and altering its Memorandum of Association. The remote e-voting period commences on June 4, 2026, at 09:00 a.m. and concludes on July 3, 2026, at 05:00 p.m., with May 29, 2026, as the cut-off date for determining shareholder eligibility. The Board of Directors approved these proposals at its meeting held on May 29, 2026.

The company proposes to surrender memberships held with National Stock Exchange of India, BSE Limited, and other stock exchanges as its stock broking activities have remained inactive for several years. The Board stated that the decision aims to reduce operational costs and compliance burdens, allowing the management to focus on consultancy and allied business activities. Additionally, the company seeks to alter the main object clause of the Memorandum of Association to reflect a shift from stock broking to consultancy and trading activities.

A special resolution has been proposed to change the company's name from DJS Stock and Shares Limited to DJS Fintech Services Limited. The Board believes the new name better represents the company's business activities and strategic direction. M/s. Satya Prakash Natani & Co., Chartered Accountants, issued an Independent Practitioner's Certificate confirming compliance with Regulation 45 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certificate noted that the company earned ₹27.87 lakh in FY26, with consultancy income accounting for ₹20 lakh.

Special Resolutions Proposed

Sr. No.	Description of the resolution	Type of Resolution
1.	Surrender of trading and clearing memberships	Special Resolution
2.	Alteration of the Main Object Clause of the Memorandum of Association	Special Resolution
3.	Change of Name of the Company and consequent amendment in the Memorandum of Association and Articles of Association	Special Resolution
4.	Amendment of Title of Incidental Object Clause of the Memorandum of Association	Special Resolution
5.	Deletion of sub-clause 3A from Clause III. (B). of the Memorandum of Association	Special Resolution
6.	Deletion of Other Object Clause of the Memorandum of Association	Special Resolution
7.	Amendment of the Liability Clause of the Memorandum of Association	Special Resolution
8.	Alteration of Articles of Association of the Company	Special Resolution

Mr. Narottam Bagaria, Partner of M/s. N. Bagaria & Associates, has been appointed as the scrutinizer for the e-voting process. The results of the postal ballot will be declared on or before July 4, 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting facility.