DIDB International Stock Brokers530393Strategic exit plan

Board approves transfer of retail broking, DP and MF distribution businesses to Choice entities

Board approved transfer of the major retail business (excluding HNI business, Branch 1001), including trading and depository participant businesses, to Choice Equity Broking Pvt Ltd.

By ScoutQuest · Wed 21 Oct 2026, 5:00 PM IST · 2 min read

Standalone total income (Q2 FY27)

Rs 968.38 lakh for the quarter

Standalone net profit after tax (H1)

Rs 138.43 lakh for the half year

EGM date

November 18, 2026 at 10:00 a.m.

What the board approved

The board of directors met on October 21, 2026 (from 03:30 p.m. to 4:11 p.m.) and approved the transfer of the company's major retail business to two Choice group entities, along with the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

Two separate transfers

• The major retail business, including the trading and depository participant businesses, goes to Choice Equity Broking Private Limited.
• The HNI business (Branch 1001) is excluded from this transfer.
• The mutual fund distribution and other financial product distribution businesses go to Choice Wealth Private Limited.

What has to happen before it goes through

• Approval of the shareholders of the company.
• Receipt of requisite approvals from the relevant regulatory authorities.
• To place the shareholder approval before investors, the board approved an Extra-ordinary General Meeting on November 18, 2026 at 10:00 a.m., to be held through video conferencing / other audio-visual means.

Results also approved

• Standalone total income: Rs 968.38 lakh for the quarter and Rs 1,899.66 lakh for the half year.
• Standalone net profit after tax: Rs 138.43 lakh for the half year; basic and diluted EPS 0.40 for the half year and 0.15 for the quarter.
• Consolidated total income: Rs 967.48 lakh for the quarter and Rs 2,000.97 lakh for the half year.
• Consolidated net profit after tax: Rs 45.68 lakh for the quarter and Rs 132.07 lakh for the half year.
• Paid-up equity share capital: Rs 700.00 lakh (face value Rs 2 per equity share), unchanged across the periods shown.
• The results carry a limited review report from the statutory auditor, ATK & Associates; a review gives moderate assurance and is not a full audit.

How to read this

The update says the board approved the transfer of these businesses to the two Choice entities, subject to shareholder and regulatory approvals. The transfer is therefore a proposal that still has to clear those approvals; the update does not set out any completion timeline or consideration for the transfers.

The financial results are for the quarter and half year ended September 30, 2026 and are unaudited, having been subject to a limited review by the statutory auditor. The company reports a single operating segment, described in the notes as "Share Broking and related services".

What to track

• The shareholder vote at the EGM on November 18, 2026.
• The regulatory approvals needed for the two business transfers.
• How the company's broking and distribution revenues are reported once the transfers take effect, if approved.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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