Indo Thai Securities has published newspaper advertisements to notify stakeholders of an upcoming hearing before the National Company Law Tribunal (NCLT). The tribunal is scheduled to hear the company’s petition for a Scheme of Arrangement on September 24, 2026.

The proposed scheme involves a demerger between Indo Thai Securities Limited and Indo Thai Financial Services Limited, along with their respective shareholders. The NCLT, Indore Bench, admitted the joint petition filed on July 31, 2026, and issued directions for the hearing in an order dated August 5, 2026.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indo Thai Securities disclosed the publication of these notices on August 17, 2026. The advertisements appeared in:

• Free Press Journal in all editions of Madhya Pradesh in English
• Choutha Sansar in all editions of Madhya Pradesh in Hindi

The hearing is fixed for 10:30 am at Court No. 1, Indore Bench. Stakeholders wishing to support or oppose the petition must submit their intentions to the petitioner companies or the Principal Company Secretary (PCS) at least two days before the hearing date. Those opposing the scheme must file grounds of opposition and affidavits with the NCLT and serve copies to the petitioners within the same timeframe.

What the Numbers Show

The source document provides procedural details for the corporate action but contains no financial metrics, order inflows, or balance sheet data for either entity. Consequently, no analytical observation regarding financial performance or structural changes can be derived from the provided filing.

Indo Thai Securities has formalized the intermediary structure for its upcoming debt issuance, appointing Axis Trustee Services Limited (ATSL) as Debenture Trustee and Bigshare Services Private Limited as Registrar and Transfer Agent (RTA). The appointments were approved during a meeting of the Debenture Issuance, Allotment and Redemption Committee held on August 7, 2026, at the company’s registered office in Indore. The move facilitates the issuance of Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs), ensuring regulatory compliance and operational readiness for the capital raise.

The committee’s decision was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 4:00 PM and concluded at 4:30 PM on August 7, 2026. Shruti Sikarwar, Company Secretary cum Compliance Officer, signed the disclosure submitted to the listing departments of BSE Limited and National Stock Exchange of India Ltd.

Intermediary Appointments

The company appointed two key intermediaries to manage the NCD process:

• Axis Trustee Services Limited: Appointed as the Debenture Trustee to protect the interests of debenture holders in compliance with the Companies Act, 2013.
• Bigshare Services Private Limited: Appointed as the Registrar and Transfer Agent to handle allotment and transfer records, subject to agreed terms and compliance with applicable laws.

Regulatory Compliance and Effective Date

The appointment of Bigshare Services Private Limited becomes effective from the date of electronic connectivity with NSDL and CDSL. The disclosures align with Schedule III of the SEBI (LODR) Regulations, 2015, read with the SEBI Circular dated January 30, 2026. The filing also references Clause A (7) of Annexure 18 of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

What the Numbers Show

While no financial figures such as issue size or coupon rates are disclosed in this filing, the appointment of intermediaries signals that Indo Thai Securities is in the final preparatory stages of its NCD issuance. The selection of established entities like ATSL and Bigshare suggests a focus on robust trustee oversight and efficient registrar operations, which are critical for investor confidence in unlisted, unrated debt instruments.