Indo Thai Securities reports ₹66.86 crore net profit for FY26 at AGM
- Net profit reached ₹66.86 crore with net worth at ₹282.69 crore for FY26
- 11,69,800 warrants converted into equity shares; stock split completed
- Demerger plan to transfer broking business to Indo Thai Financial Services
- CSR spending exceeded requirement by ₹7,983 in FY26
*this image is generated using AI for illustrative purposes only.
Indo Thai Securities reported a net profit of ₹66.86 crore and a net worth of ₹282.69 crore for FY26 during its 32nd Annual General Meeting held on September 19, 2026.
The meeting, chaired by Chairman Parasmal Doshi, focused on the company's financial resilience and strategic expansion into investment banking and institutional broking. Sixty-nine members attended the virtual session, satisfying the quorum requirements.
Financial Highlights and Capital Actions
Chairman Parasmal Doshi attributed the strong financial performance to successful preferential allotments. The company also executed significant capital structure changes during the year:
- Warrant Conversion: 11,69,800 convertible warrants were converted into 1,16,98,000 equity shares in FY26. An additional 4,22,000 warrants were converted into 4,22,000 shares, while 60,500 warrants were forfeited.
- Stock Split: One equity share of face value ₹10 was sub-divided into 10 equity shares of face value ₹1 each, effective July 18, 2025.
| Metric | Value |
|---|---|
| Net Profit (FY26) | ₹66.86 crore |
| Net Worth | ₹282.69 crore |
| Warrants Converted | 11,69,800 |
| Equity Shares Issued (from warrants) | 1,16,98,000 |
Strategic Initiatives and Demerger Plan
The company outlined plans to strengthen wealth management services for high-net-worth individuals and family offices. Technology initiatives, including algorithmic trading and advanced execution platforms, were cited as key growth drivers.
Shareholders were briefed on the proposed Scheme of Arrangement involving a demerger between Indo Thai Securities Limited and Indo Thai Financial Services Limited. The plan aims to transfer the broking and distribution business to Indo Thai Financial Services Limited. The scheme has received board approval and is pending regulatory and NCLT approvals.
Corporate Governance and CSR
The AGM approved the reappointment of key management personnel, including Managing Director Dhanpal Doshi and Whole-Time Directors Parasmal Doshi and Rajendra Bandi. Remuneration increases for CEO Sarthak Doshi and CFO Nishit Doshi were also approved.
For FY26, the company spent ₹18,84,895 on Corporate Social Responsibility initiatives, exceeding the required expenditure of ₹18,76,912 by ₹7,983. This excess amount will be adjusted in the next financial year.
Historical Stock Returns for Indo Thai Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -22.73% | -54.17% | -87.05% | -83.13% | +281.80% |
How might the proposed demerger of the broking business into Indo Thai Financial Services Limited impact Indo Thai Securities' future revenue streams and valuation multiples?
What specific regulatory hurdles could delay the NCLT approval for the Scheme of Arrangement, and what is the estimated timeline for completion?
How will the expansion into algorithmic trading and institutional broking affect the company's operating margins compared to its traditional retail broking model?
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