Indo Thai Securities Limited has announced the resignation of its Chief Financial Officer, Mr. Deepak Sharma, effective January 13, 2026. The resignation was formally communicated to stock exchanges on January 7, 2026, in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Deepak Sharma submitted his resignation letter on January 6, 2026, citing the pursuit of external professional opportunities as the reason for his departure. The resignation will take effect from the closure of business hours on January 13, 2026.

Company Response and Transition

The company has placed on record its appreciation for the services rendered by Mr. Deepak Sharma during his tenure as Chief Financial Officer. In his resignation letter, Sharma expressed gratitude to the Board and promoter group for their support and guidance during his tenure, wishing the company continued success in future endeavors.

Indo Thai Securities is currently in the process of appointing a new Chief Financial Officer. The company has indicated that an intimation regarding the new appointment will be made in the coming days and will be communicated to stock exchanges in accordance with applicable regulations.

Regulatory Compliance

The disclosure has been made pursuant to SEBI Listing Regulations and SEBI Circular bearing reference number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that there are no other material reasons for the resignation apart from the stated professional opportunities.

The resignation represents a key management change for Indo Thai Securities as the company transitions to new financial leadership while maintaining regulatory compliance and operational continuity.

Indo Thai Securities Limited (ITSL) has announced a significant corporate restructuring move alongside its financial results for the second quarter. The company's board has approved a demerger of its Broking & Distribution (B&D) undertaking into a wholly-owned subsidiary, Indo Thai Financial Services Limited (ITFSL), in a strategic move aimed at unlocking value and enhancing operational focus.

Demerger Details

The demerger plan involves the following key aspects:

• Share Exchange Ratio: Shareholders will receive 1 equity share of ITFSL for every 1 share held in ITSL.
• Business Scope: The B&D undertaking encompasses all assets, liabilities, contracts, employees, and operations related to the broking and distribution business.
• Financial Significance: For the year ended March 31, the B&D division generated a turnover of INR 26.72 crores, representing 99.60% of ITSL's total standalone turnover.

Rationale and Expected Benefits

The company cited several strategic reasons for the demerger:

1. Focused Operations: Enabling ITFSL to concentrate on the B&D business with greater specialization.
2. Streamlined Structure: Allowing ITSL to enhance its remaining business operations.
3. Value Unlocking: Facilitating focused growth and potentially creating significant stakeholder value.
4. Tailored Capital Allocation: Enabling distinct approaches to capital and balance sheet management for each business.

Shareholding Impact

Post-demerger, ITFSL's shareholding structure is expected to mirror that of ITSL:

Regulatory Approvals and Listing

The demerger scheme is subject to various approvals:

• Shareholders
• National Company Law Tribunal
• Securities and Exchange Board of India (SEBI)
• BSE Limited and National Stock Exchange of India Limited

ITFSL plans to seek listing on both BSE and NSE, subject to regulatory approvals.

Q2 Financial Results

In the same board meeting, ITSL approved its unaudited standalone and consolidated financial results for Q2 and the half-year ended September 30. However, specific financial figures were not disclosed in the provided information.

Conclusion

This strategic move by Indo Thai Securities Limited represents a significant shift in its corporate structure, potentially positioning both ITSL and ITFSL for more focused growth in their respective areas. Investors and market watchers will likely keep a close eye on the execution of this demerger and its impact on the company's future performance.

As the process unfolds, further details on the financial implications and operational changes are expected to emerge, providing a clearer picture of the potential benefits for all stakeholders involved.