The company has called an extraordinary general meeting on 18 November 2026 to consider a special resolution covering the proposed transfer of its retail client business to Choice Equity Broking and Choice Wealth.
BKK Bureau, New Delhi | 23 October 2026 | 8:27 PM IST
DB (International) Stock Brokers Limited has notified the National Stock Exchange of India about an extraordinary general meeting scheduled for 18 November 2026. The meeting will be held at 10:00 a.m. through video conference or other audio-visual means, according to the exchange filing published on 23 October 2026.
The meeting agenda includes a special resolution on the proposed transfer of the company’s retail client business to Choice Equity Broking Private Limited and Choice Wealth Private Limited. The filing describes the business covered by the proposal as including trading, depository participant, mutual fund and other financial products activities.
The proposed transfer excludes the company’s high-net-worth individual, or HNI, client business and proprietary trading business. The exchange notice also refers to the major client business of the company, excluding HNI business, associated with Branch 1001. The filing’s agenda separately describes the transaction as covering the retail client business, excluding proprietary trading and HNI client business.
Shareholders are being asked to consider and approve the proposed transfer at the extraordinary general meeting. The exchange disclosure records the matter as an “Others” item under the special-resolution category. It does not state that the transfer has already been completed.
DB (International) Stock Brokers has identified both Choice Equity Broking Private Limited and Choice Wealth Private Limited as the proposed recipients of the business covered by the resolution. The filing does not provide a transaction value, effective date, financial impact, consideration structure or further operational terms for the proposed transfer.
The meeting is listed as the first extraordinary general meeting of the company for the financial year 2026-27. The notice was filed with the NSE on 23 October 2026 and identifies Gujarat in the meeting-related disclosure. The company’s filing is therefore a shareholder-meeting notice centred on approval of the proposed business transfer, rather than a confirmation that the transaction has closed.
Why it matters
The proposal places a defined portion of DB (International) Stock Brokers’ client-facing business before shareholders for approval. The exclusions set out in the filing—HNI clients and proprietary trading—indicate the scope of the resolution, while the notice does not disclose financial or completion details beyond the proposed transfer and the entities involved.
Why it matters
The filing puts a proposed transfer of DB (International) Stock Brokers’ retail client business before shareholders and clearly identifies the businesses and client categories included or excluded from the resolution.
Source: National Stock Exchange of India
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