Indo-City Infotech disclosed that Times Growth Securities Ltd acquired 8,000 equity shares on August 27, 2026. The open market purchase increased the promoter group’s stake to 4.36%. The transaction value was ₹1,00,772. Times Growth Securities is classified as part of the promoter group under SEBI regulations.

The acquisition was made through an open market buy on the Bombay Stock Exchange. Prior to this transaction, Times Growth Securities held 4,45,000 shares, representing 4.28% of the total voting capital. Following the purchase, its holding stands at 4,53,000 shares. There were no encumbrances, pledges, or convertible securities associated with these holdings.

Regulatory Disclosures

The company filed the disclosure under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. It also complied with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total equity share capital remains at 1,04,00,000 equity shares of ₹10 each.

What the Numbers Show

The acquisition represents a marginal increase of 0.08% in the promoter group’s stake. With no encumbrances reported, the holding reflects unpledged equity. The small transaction size suggests routine portfolio adjustment rather than a strategic shift in control.

Indo-City Infotech Limited has reported a net profit of ₹28.16 lakh for FY26, a significant turnaround from the net loss of ₹1.26 crore recorded in FY25. The company has scheduled its 34th Annual General Meeting (AGM) for September 30, 2026, where shareholders will vote on a special resolution to rename the entity to Indo-City Capital & Investment Limited.

The financial results reflect a strategic shift in operations and asset management during the year. Total income declined to ₹559.76 lakh from ₹823.69 lakh in the previous year, primarily due to reduced trading volumes in shares and securities. However, this decline was offset by lower expenses and improved other income streams, enabling the company to return to profitability.

Financial Performance

Revenue from operations fell to ₹521.99 lakh from ₹796.18 lakh, driven by a drop in sales of shares to ₹504.59 lakh from ₹755.99 lakh. Interest income on advances also decreased to ₹17.41 lakh from ₹27.55 lakh. Conversely, other income rose to ₹37.77 lakh from ₹27.51 lakh, supported by higher interest income on fixed deposits (₹22.39 lakh vs ₹16.91 lakh) and dividend income (₹12.27 lakh vs ₹10.27 lakh).

Total expenses contracted sharply to ₹515.93 lakh from ₹948.41 lakh. This reduction was largely due to a decrease in purchases of stock-in-trade to ₹139.43 lakh from ₹968.41 lakh and a positive change in inventories of ₹227.59 lakh compared to a negative adjustment of ₹96.36 lakh in FY25.

Balance Sheet Strength

The company strengthened its liquidity position significantly during FY26. Cash and cash equivalents increased to ₹16.70 lakh from ₹7.94 lakh, while other bank balances (fixed deposits) surged to ₹543.00 lakh from ₹209.07 lakh. Notably, Indo-City Infotech fully repaid its borrowings, reducing debt from ₹25.31 lakh in FY25 to nil, resulting in a net cash position.

Loans receivables decreased to ₹201.99 lakh from ₹311.69 lakh, indicating a contraction in lending activities or recovery of outstanding amounts. Investments in unquoted equity instruments were completely derecognized or written off, dropping to nil from ₹146.07 lakh, with provisions made for diminution in value of preference share investments in Shri Tradco Deesan Private Limited and Honest Derivatives Private Limited.

Key Resolutions

Shareholders will vote on several ordinary and special resolutions during the AGM:

• Name Change: Transition from Indo-City Infotech Limited to Indo-City Capital & Investment Limited or another name approved by the Registrar of Companies.
• Management Re-appointment: Re-appointment of Mr. Aneel Jain as Managing Director and Chairman for five consecutive years until the 39th AGM.
• Director Rotation: Re-appointment of Mrs. Shashi Aneel Jain, who retires by rotation and offers herself for re-election.
• Secretarial Audit: Appointment of M/s. Nidhi Bajaj & Associates as Secretarial Auditor for five years.

Leadership Remuneration

Mr. Aneel Jain’s re-appointment includes a structured remuneration package approved by the Nomination and Remuneration Committee:

In the event of loss or inadequate profits, remuneration will be determined within the ceiling limits laid down in Schedule V of the Companies Act, 2013.

Voting Details

The company has enabled remote e-voting through Central Depository Services (India) Limited (CDSL). The voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. Ballot paper voting will also be available at the venue for those who have not voted electronically.

What the Numbers Show

The financial turnaround is driven more by expense reduction and asset realization than operational revenue growth. With revenue falling 32% while profits swung from a ₹1.26 crore loss to a ₹28.16 lakh gain, the improvement stems largely from a sharp drop in purchase costs and inventory adjustments. The complete repayment of borrowings and accumulation of ₹543 lakh in fixed deposits signal a conservative balance sheet strategy, prioritizing liquidity over aggressive lending expansion in FY26.