DJS Stock and Shares Limited is an Indian financial services firm specializing in **share broking, equity trading, and capital market investments**. The company operates as a single-segment entity dedicated to wealth creation through equity instruments. Following a period of structural transition and a long-term trading suspension, the company has recently achieved a successful **turnaround to profitability** and a **restoration of its listing status** on the BSE. --- ### Strategic Corporate Restructuring & Relocation The company has recently completed a comprehensive organizational overhaul designed to improve administrative efficiency and align with its long-term growth objectives. * **Geographic Realignment:** In **2024-25**, the company received regulatory approval to shift its **Registered Office** from the **State of Tamil Nadu** to **Maharashtra**. * **Operational Consolidation:** As of **May 2025**, the previous Corporate Office in Thane is no longer operational. All statutory books, accounts, and financial statements are now centralized at the new **Registered Office in Goregaon (East), Mumbai**. * **Simplified Structure:** The company operates as a standalone entity and **does not have any Subsidiary, Associate, or Joint Venture** companies, ensuring a transparent and direct corporate structure. --- ### Financial Performance & Turnaround Metrics DJS Stock and Shares Limited has successfully transitioned from a loss-making entity to a **profitable** status. A critical milestone was reached on **December 30, 2024**, when **BSE Limited revoked the suspension** of the company’s equity shares, allowing active trading to resume for the first time since **December 2015**. #### Comparative Financial Results *(All figures in **Rs. hundreds**)* | Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Total Income / Revenue** | **96,456.41** | **22,604.86** | **31,376.91** | | **Total Expenses** | **81,518.58** | **25,226.26** | **24,505.19** | | **Net Profit / (Loss)** | **11,805.07** | **(2,633.28)** | **(17,202.51)** | #### Key Efficiency and Liquidity Ratios The company has demonstrated a significant improvement in its liquidity position and margin profile over the last three reporting cycles: | Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | | :--- | :--- | :--- | :--- | | **Current Ratio** | **43.45 times** | **9.01 times** | **5.94 times** | | **Net Profit Margin (%)** | **(11.65)%** | **(54.83)%** | **(882.22)%** | | **Return On Net-worth (%)** | **(0.41)%** | **(2.68)%** | **(19.40)%** | * **Capital Allocation:** To preserve capital for growth, the Board has recommended **no dividend** for recent fiscal years and has not transferred funds to the **General Reserve**. * **Taxation:** The company has cleared significant historical tax liabilities, including **Rs. 24,627.30 hundreds** for earlier years. --- ### Leadership & Governance Framework The leadership team has been restructured to oversee a new **5-year** strategic growth cycle, focusing on regulatory compliance and market re-entry. | Designation | Name | Tenure / Status | | :--- | :--- | :--- | | **Managing Director** | Mr. Bhawani Singh Shekhawat | Appointed for **5 years** (Aug 2024 – Aug 2029) | | **Director** | Mr. Aniruddh Parashar | Retiring by rotation; seeking reappointment | | **Independent Director** | Mr. Vikash Jindal | Term until **September 14, 2028** | | **Company Secretary** | Mrs. Khushboo Vasudev | Appointed effective **April 12, 2023** | | **Secretarial Auditors** | M/s. N. Bagaria & Associates | Appointed for **5 years** (FY 2025-26 to FY 2029-30) | * **MD Remuneration:** The Managing Director receives a fixed monthly salary of **Rs. 50,000**. * **Compliance Standards:** The company adheres to **Secretarial Standards (SS-1, SS-2, SS-3)** and maintains a strict policy regarding **Safety, Health, and Environment (SHE)** requirements. --- ### Market Outlook & Sector Strategy The company’s business model is positioned to capitalize on the "financialization" of Indian household savings and the rise of retail participation. * **Target High-Growth Sectors:** For **2025**, the company is focusing its investment and trading activities on **Digital Infrastructure, Green Energy, Healthcare, Banking & Financial Services (BFSI), Electric Vehicles (EV), and Defence**. * **Retail Trends:** Strategy is driven by the surge in **Demat accounts** and consistent **SIP (Systematic Investment Plan)** flows. * **Digital Transformation:** Management is pivoting toward **digital-first broking** to compete with traditional investment instruments. * **Economic Context:** Operations are benchmarked against an Indian economic outlook projecting real growth at or above **7% for FY25**. --- ### Risk Management & Compliance Challenges The company operates under a formal **Risk Management Policy** aligned with **Regulation 21 of SEBI (LODR) Regulations, 2015**, utilizing an **Enterprise Risk Management (ERM)** framework. | Risk Category | Key Components & Impact Areas | | :--- | :--- | | **Business & Legal** | Financial, Political, and Legal risks; compliance with **RBI Core Investment Company Directions**. | | **Operational** | **Technology obsolescence**, competition from fintechs, and facility expansion challenges. | | **Market Volatility** | Exposure to extreme swings; noted benchmarks include the **Sensex** dropping **2,300 points** in five days and **Nifty 50** slipping below **23,000**. | | **Human Capital** | Challenges in the **retention of talent** within a highly competitive financial sector. | #### Critical Compliance Observations * **Listing History:** The company previously faced suspension due to **non-payment of Annual Listing Fee (ALF) dues** and other penal reasons. * **Regulatory Status:** As of **July 2024**, the company was flagged on the **BSE Portal** as **SDD (System Driven Disclosures) Non-Compliant**. * **Internal Controls:** Management confirmed that **Internal Control over Financial Reporting (ICFR)** was effective as of **March 31, 2024**. * **Liquidity Outlook:** While the company has **not incurred cash losses** in the current or preceding financial year, auditors maintain that current manageable liabilities do not guarantee future viability in a volatile market.