NewsDJS Stock & Shares Board Approves Voluntary Surrender of Trading Memberships Across ExchangesDJS Stock & Shares Board Approves Voluntary Surrender of Trading Memberships Across Exchanges
DJS Stock & Shares Limited's board, at its meeting on 6th May 2026, approved the voluntary surrender of trading and clearing memberships across BSE, NSE, MSEI, Calcutta Stock Exchange, and NSE Clearing Corporation Limited, stating no financial or business impact. The board also approved alteration of the MOA's main object clause and a company name change, both subject to shareholder ratification. Disclosures were made under Regulation 30 of SEBI (LODR) Regulations, 2015, and in accordance with SEBI Circular dated January 30, 2026.
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The Board of Directors of DJS Stock & Shares Limited held a board meeting on Wednesday, 6th May, 2026, at its registered office in Goregaon (East), Mumbai. The meeting commenced at 03:30 p.m. and concluded at 04:15 p.m., during which three key resolutions were transacted, marking a significant shift in the company's operational and structural direction. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Voluntary Surrender of Trading Memberships
In a notable development, the board approved the application for voluntary surrender of trading memberships across multiple exchanges and clearing corporations. The decision covers a broad spectrum of market infrastructure institutions, signalling a substantial change in the company's market participation. The company has stated that there will be no impact on the financial or business operations of the company, as it is not pursuing any business of stock brokers under the above memberships.
The following memberships have been approved for voluntary surrender:
| Membership: | Exchange / Institution |
|---|---|
| Trading Membership: | BSE Limited (BSE) |
| Trading Membership: | National Stock Exchange of India Limited (NSE) |
| Trading Membership: | Metropolitan Stock Exchange of India (MSEI) |
| Trading Membership: | Calcutta Stock Exchange Limited |
| Clearing Membership: | NSE Clearing Corporation Limited (all segments) |
In accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the company has provided the following additional disclosures as Annexure A:
| Parameter: | Details |
|---|---|
| Regulatory / Licensing Authority: | BSE, NSE, MSEI, Calcutta Stock Exchange, NSE Clearing Corporation Limited |
| Impact on Listed Entity: | No impact on financial / business operations |
| Reason for Surrender: | Company not pursuing any business under BSE and NSE membership as a Stock Broker and does not intend to do so in the near future |
| Period for Which License Was Valid: | Not Applicable |
Alteration of Memorandum of Association
The board also approved the alteration of the main object clause of the Memorandum of Association (MOA) of the company. This resolution, however, remains subject to the approval of the members of the company and will require further shareholder ratification before it takes effect.
Company Name Change
In addition to the MOA amendment, the board approved a change in the name of the company. Similar to the MOA alteration, this resolution is also subject to the approval of the members of the company. The new name has not been disclosed in the board communication.
Board Meeting Details
The communication was signed by Bhawani Singh Shekhawat, Managing Director (DIN: 06970102), on behalf of DJS Stock and Shares Limited.
| Parameter: | Details |
|---|---|
| Meeting Date: | Wednesday, 6th May, 2026 |
| Meeting Commencement: | 03:30 p.m. |
| Meeting Conclusion: | 04:15 p.m. |
| Registered Office: | Office No. 03, Ground Floor, Gulmohar Society, Opp. Anupam Cinema, Aarey Road, Goregaon (East), Mumbai - 400 063 |
| CIN: | L67120MH1994PLC442993 |
| Signatory: | Bhawani Singh Shekhawat, Managing Director |
| DIN: | 06970102 |
Historical Stock Returns for DJS Stock & Shares
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.05% | -8.61% | -6.37% | -20.75% | +1.60% | +25.66% |
What new business direction or industry is DJS Stock & Shares likely pivoting to, given the planned alteration of its Memorandum of Association's main object clause?
How might the company's new name reflect its strategic transformation, and when can shareholders expect the name change to be formally disclosed and ratified?
What timeline are shareholders and regulators expected to follow for approving the MOA alteration and name change, and could any opposition delay the restructuring?
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