Indo Thai Securities Limited reported a consolidated profit after tax (PAT) of ₹66.17 crore for the financial year ended March 31, 2026 (FY26), marking a 739% increase from ₹7.89 crore in FY25. The surge in profitability was driven by a significant rise in total revenue, which grew 283% to ₹104.26 crore from ₹27.19 crore in the prior year. The company disclosed these figures in its investor presentation for FY26, uploaded to its website on July 20, 2026.

Financial Performance

The company’s revenue growth was largely attributed to its treasury operations, which accounted for 76% of the total revenue in FY26. Net gains on fair value changes surged to ₹79.05 crore in FY26, compared to ₹8.34 crore in FY25, an increase of 848%. Fees and commission income rose 6% to ₹10.70 crore, while interest income increased 82% to ₹13.51 crore. Total expenses for the year increased 25% to ₹21.03 crore, primarily due to higher employee benefit expenses and other operational costs.

Key Financial Metrics (Consolidated)

For the quarter ended March 31, 2026 (Q4FY26), the company reported a PAT of ₹26.17 crore, compared to a loss of ₹2.58 crore in Q4FY25. Total revenue for the quarter stood at ₹38.41 crore, a 548% increase year-on-year. The profit before tax (PBT) margin for Q4FY26 was 81.62%, compared to a negative PBT margin in the same period last year.

Strategic Demerger

Indo Thai Securities announced a proposed strategic demerger to unlock value by separating its core regulated financial service platforms from its alternative assets, including clean-tech and real estate holdings. The demerger is proposed in a 1:1 ratio, and the National Company Law Tribunal (NCLT) filing is currently in progress. The company stated that BSE and NSE had issued no adverse observations as of March 18, 2026.

Subsidiaries and Operations

The company’s subsidiary, Femto Green Hydrogen Ltd, focuses on patented Terahertz-frequency wave technologies for fuel carbon reduction. Another subsidiary, Indo Thai Realties Ltd, manages co-working property yields and long-lease infrastructure. The group’s total Assets Under Influence (AUI) stood at ₹9,000+ crore as of March 31, 2026, with an average AUI of ₹60.0 lakh per client.

Indo Thai Securities Limited has scheduled meetings for July 24, 2026, to seek approval for a proposed scheme of arrangement involving the demerger of its broking and distribution business into Indo Thai Financial Services Limited (ITFSL). The company will convene an Extraordinary General Meeting (EGM) for equity shareholders and a separate meeting for unsecured creditors via video conferencing. These meetings follow an order dated June 10, 2026, from the National Company Law Tribunal (NCLT), Indore Bench, and aim to segregate the broking vertical from other business segments like real estate and green technology to unlock value.

The proposed scheme entails the transfer of the broking and distribution undertaking to ITFSL on a going concern basis. In consideration, shareholders of Indo Thai Securities Limited will be issued new equity shares of ITFSL in a 1:1 ratio for every share held as on the record date. The entire existing paid-up share capital of ITFSL will be cancelled and reduced as part of this arrangement. For the financial year ended March 31, 2026, the company reported a revenue of ₹103.54 crore and a profit after tax (PAT) of ₹66.86 crore.

Meeting and Voting Details

The EGM for equity shareholders is scheduled for July 24, 2026, at 2:00 PM IST, while the meeting for unsecured creditors will be held on the same day at 3:00 PM IST. Remote e-voting for both meetings will commence on July 20, 2026, at 9:00 AM IST and conclude on July 23, 2026, at 5:00 PM IST. Equity shareholders listed as of July 17, 2026, are eligible to vote, whereas the list of unsecured creditors is determined as of December 31, 2025.

Advocate Rohit Dubey has been appointed as the Chairperson for the meetings, with Advocate Jatin Sehgal as the alternate Chairperson. CS Kaushal Ameta will act as the scrutinizer to oversee the e-voting process. The deemed venue for the meetings is the registered office of the company in Indore. The company has provided a web-link for the notices to shareholders and creditors whose email addresses are not registered with the company or its Registrar and Transfer Agents.