Indo Thai Securities demerges broking and distribution business

Indo Thai Securities Limited (ITSL) announced the demerger of its Broking & Distribution ("B&D") Undertaking into Indo Thai Financial Services Limited ("ITFSL"), a wholly-owned subsidiary, following Board approval on October 13, 2025. The B&D Undertaking generated a turnover of INR 26.72 Crores for the year ended March 31, 2025, representing 99.60% of ITSL's standalone turnover.

The scheme entails ITFSL issuing one fully paid-up equity share of INR 1/- for every one fully paid-up equity share of INR 1/- held in ITSL. This 1:1 share entitlement ratio will mirror ITSL's shareholding pattern in ITFSL upon the scheme's effectiveness. The scheme is subject to regulatory approvals, including those from shareholders and stock exchanges (BSE and NSE), where ITFSL shares are proposed to be listed.

For the second quarter and half year ended September 30, 2025, ITSL reported standalone profit after tax of INR 1460.88 lakhs and consolidated profit after tax of INR 1440.58 lakhs.