Indo-City Infotech disclosed that Times Growth Securities Ltd, identified as part of the promoter group, acquired 10,000 equity shares of the company via open market purchases. The trades were executed on August 17 and 18, 2026, bringing the firm’s total shareholding to 4,45,000 shares.

The acquisition increases Times Growth Securities’ stake from 4.18% to 4.28% of the total voting capital. The company confirmed receipt of the disclosure from the purchaser on August 19, 2026, and filed the necessary reports with the Bombay Stock Exchange.

Transaction Details

The share purchases were made on the open market without any encumbrances or pledges. The total number of equity shares in Indo-City Infotech remains at 1,04,00,000 shares of ₹10 face value each. No warrants, convertible securities, or other instruments entitling the acquirer to voting rights were involved in the transaction.

Regulatory Disclosures

The disclosure was made under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Additionally, the company filed details under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Times Growth Securities Ltd is registered with CIN U65823MH2008PLC177280 and has its registered office at Lodha Supremus, Andheri East, Mumbai. The authorized signatory for the filing was Ramesh Chandra Pusola for Indo-City Infotech Limited.

Indo-City Infotech Limited reported a substantial increase in total income for the first quarter of FY27, clocking ₹181.9 crore against ₹61.3 crore in the corresponding period of FY26. The company filed its unaudited financial results with the stock exchanges on August 12, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income surged by approximately 197% year-on-year. This expansion was largely fueled by non-operating activities, specifically the sale of shares and securities, which generated ₹173.3 crore in Q1FY27, up from ₹47.6 crore in Q1FY25.

Operational metrics also showed improvement. Revenue from operations rose to ₹23.1 crore from ₹3.5 crore in the previous year’s quarter. Interest income increased to ₹6.4 crore from ₹3.5 crore during the same comparison period.

For the full year ended March 31, 2026, the company reported total income of ₹35.9 crore, highlighting the significant deviation in the current quarter’s performance due to asset sales.

What the Numbers Show

The composition of income reveals a heavy reliance on capital market transactions rather than core operational revenue. In Q1FY27, proceeds from the sale of shares and securities accounted for roughly 95% of the total revenue figure (₹175.95 crore), while operational revenue constituted only about 13%. This divergence suggests that the top-line growth is not reflective of underlying business operations but rather strategic divestments or portfolio adjustments.

Regulatory Disclosures

The financial results were published in Mumbai Lakshdeep (Marathi daily) and Active Times (English daily) on August 14, 2026. The company secretary, Gourav Gupta, submitted the publication details to the Bombay Stock Exchange, referencing Regulation 47(3) of the SEBI LODR Regulations, 2015.