Indo thai securities Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended 31st March, 2026. The submission was made on 13th April, 2026, addressing the requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Compliance Certificate Details

The certificate was issued by Bigshare Services Private Limited, the company's Registrar and Transfer Agent (RTA), on 7th April, 2026. Company Secretary cum Compliance Officer Shruti Sikarwar (Membership No.: A61132) facilitated the submission to both BSE Limited and National Stock Exchange of India Ltd.

Key Findings

Bigshare Services Private Limited confirmed that Regulation 74(5) is not applicable to Indo Thai Securities Limited during the quarter. The RTA stated that the entire holding of the company's shares remains in dematerialised (demat) form, with no requests received from shareholders for rematerialisation during Q4 FY26.

Regulatory Compliance

The certificate submission demonstrates the company's adherence to SEBI's regulatory framework for depositories and participants. Akash Shamal, Authorised Signatory at Bigshare Services Private Limited, signed the compliance certificate confirming the company's status.

The submission was made to both major Indian stock exchanges where the company's shares are listed, ensuring comprehensive regulatory compliance and maintaining transparency with market regulators.

Indo Thai Securities Limited has achieved a significant milestone in its corporate restructuring plans by securing regulatory approvals from both BSE Limited and National Stock Exchange of India Limited for its proposed scheme of arrangement. The company received positive responses from both exchanges on March 18, 2026, marking a crucial step forward in the demerger process.

Exchange Approvals and Timeline

The regulatory approvals came through observation letters issued by both stock exchanges on the same date. BSE Limited provided an observation letter stating "no adverse observations" while NSE conveyed "no objection" to the proposed scheme. These approvals were communicated to the company on March 19, 2026, following the board's initial approval decision made on October 13, 2025.

Subsidiary Capital Structure Enhancement

As part of the ongoing demerger compliance requirements, Indo Thai Securities disclosed material information about its subsidiary Indo Thai Financial Services Limited on March 25, 2026. The subsidiary has significantly increased its authorized share capital to facilitate the proposed scheme of arrangement.

Scheme Structure and Objectives

The scheme of arrangement involves the demerger of the Broking & Distribution Undertaking from Indo Thai Securities Limited and its subsequent transfer to Indo Thai Financial Services Limited, which is currently an unlisted wholly owned subsidiary. This corporate restructuring aims to segregate the broking and distribution business into a separate entity while maintaining the overall corporate structure.

The demerger process operates under Sections 230 to 232 of the Companies Act, 2013, and requires compliance with SEBI Master Circular no. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023, along with Regulations 94(2) and 94A(2) of SEBI LODR Regulations, 2015.

Regulatory Compliance and Disclosure Requirements

Both exchanges have outlined extensive compliance requirements that must be fulfilled throughout the scheme implementation process. The company is required to disclose all material information about Indo Thai Financial Services Limited on a continuous basis to ensure transparency for shareholders and regulatory compliance.

Next Steps and Timeline

The observation letters carry a validity period of six months from March 18, 2026, within which the scheme must be submitted to the National Company Law Tribunal. The company must complete the listing of securities and commence trading within sixty days of receiving the NCLT order. The recent capital structure enhancement of the subsidiary demonstrates the company's commitment to meeting all regulatory requirements for the successful implementation of the demerger scheme.