Board Meeting Details

The Board Meeting commenced at 03:30 p.m. and concluded at 4:11 p.m. on October 21, 2026.

Key Decisions Approved

1. Financial Results Approval: Approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 along with Limited Review Report from Statutory Auditor.

2. Business Transfer: Approved transfer of:

  • Company's major retail business (excluding HNI business - Branch 1001), including trading and depository participant businesses to Choice Equity Broking Private Limited
  • Mutual fund distribution and other financial product distribution businesses to Choice Wealth Private Limited

Subject to receipt of approvals from shareholders and relevant regulatory authorities.

3. EGM Convening: Approved convening of Extra-ordinary General Meeting on Wednesday, November 18, 2026 at 10:00 a.m. through Video Conferencing/Other Audio-Visual Means.

Financial Results Overview (Consolidated)

For Quarter Ended September 30, 2026:

  • Total Income: ₹967.48 lakh
  • Total Expenses: ₹900.10 lakh
  • Profit before tax: ₹67.38 lakh
  • Total tax expense: ₹21.70 lakh
  • Net profit after tax: ₹45.68 lakh
  • Other comprehensive income: ₹2.32 lakh
  • Total comprehensive income: ₹48.00 lakh
  • Basic EPS: ₹0.13
  • Diluted EPS: ₹0.13

For Six Months Ended September 30, 2026:

  • Total Income: ₹2,000.97 lakh
  • Total Expenses: ₹1,825.59 lakh
  • Profit before tax: ₹175.38 lakh
  • Total tax expense: ₹43.31 lakh
  • Net profit after tax: ₹132.07 lakh
  • Other comprehensive income: ₹3.95 lakh
  • Total comprehensive income: ₹136.02 lakh
  • Basic EPS: ₹0.38
  • Diluted EPS: ₹0.38

Business Transfer Details (Annexure-II)

  • Revenue Contribution: The businesses being transferred accounted for 30.48% of total revenue for FY ended March 31, 2026
  • Agreement Date: October 21, 2026
  • Expected Completion: On or before February 28, 2027
  • Consideration: ₹5,00,00,000 (Five Crores)
  • Buyer Details:
  • Choice Equity Broking Private Limited (CIN: U65999MH2010PTC198714), SEBI registered stock broker (INZ000160131)
  • Choice Wealth Private Limited (CIN: U67120MH1996PTC104655), AMFI registered mutual fund distributor
  • Related Party Transaction: Does not qualify as related party transaction
  • Scheme of Arrangement: Outside purview of any Scheme of Arrangement
  • Reasons for Transfer: Strategic realignment to focus on proprietary trading, algorithmic trading in derivatives for HNIs (Branch 1001), and strengthening institutional business segment

Auditor Review

ATK & Associates, Chartered Accountants issued unmodified limited review reports for both standalone and consolidated financial results dated October 21, 2026.

Additional Information

  • The consolidated results include subsidiary: Daga Business (International) Stock Brokers (IFSC) Private Limited (wholly owned)
  • Company operations relate to one reportable segment: "Share Broking and related services"