Indo Thai Securities shareholders approved all ten resolutions proposed at its 32nd Annual General Meeting held on September 19, 2026. The meeting was conducted through video conferencing and other audio-visual means.

The company reported a total of 78,296,891 shares voted on the resolutions. All votes were cast via remote e-voting, with no poll votes recorded during the meeting itself. The scrutinizer report confirmed that all agenda items passed with the requisite majority.

Key Resolutions Passed

The AGM addressed several critical governance and administrative matters:

• Adoption of financial statements
• Declaration of dividend
• Appointment of Mr. Rajendra Bandi as director liable to retire by rotation
• Appointment of Vinod Singhal and Co. LLP as statutory auditor
• Reappointment of Mr. Dhanpal Doshi as managing director
• Reappointment of Mr. Parasmal Doshi as whole-time director
• Reappointment of Mr. Rajendra Bandi as whole-time director
• Approval for increase in remuneration of CEO Mr. Sarthak Doshi
• Approval for increase in remuneration of CFO and COO Mr. Nishit Doshi
• Amendment to the main object clause of the Memorandum of Association

Voting Breakdown

The promoter group held 72,678,970 shares, representing the vast majority of the voting power. Public institutional investors held 74,297 shares, while public non-institutional shareholders held 5,543,624 shares.

All resolutions received overwhelming support from the promoter group, with 100% of their votes cast in favor. Among public non-institutional shareholders, dissenting votes were minimal, ranging from 11 to 1,140 shares against specific resolutions, primarily related to auditor appointment and director remuneration increases.

The scrutinizer for the meeting was Kaushal Ameta & Co., appointed by the board on July 20, 2026. The e-voting platform was managed by Central Depository Services (India) Limited (CDSL).

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.

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.