Indo Thai Securities Limited has informed the Exchange regarding Appointment of Mr. Nishit Doshi as Chief Financial Officer of the company w.e.f. January 14, 2026.
INDOTHAI · price
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Indo Thai Securities reported Q3 FY26 (quarter ended Dec 31, 2025) standalone revenue of Rs. 2,762.99 lakhs, up sharply from Rs. 553.83 lakhs in Q3 FY25, driven largely by Rs. 2,086.52 lakhs in net gains on fair value changes. Standalone profit after tax surged to Rs. 1,739.24 lakhs (vs Rs. 133.45 lakhs a year ago), with 9-month FY26 PAT at Rs. 4,025.64 lakhs (vs Rs. 1,108.93 lakhs). The Board accepted the resignation of Mr. Deepak Sharma as CFO effective end of Jan 13, 2026, and appointed Mr. Nishit Doshi (Master's in Finance, experienced in securities industry finance) as the new CFO from Jan 14, 2026. The Board also approved plans to set up an Alternative Investment Fund (AIF) model, subject to regulatory approvals. The auditor issued an unqualified limited review report on both standalone and consolidated results.
The CFO transition appears smooth with a qualified replacement ready, and the AIF expansion plan signals growth ambitions beyond core broking. The standout financial performance, however, is heavily dependent on mark-to-market gains on investments, so investors should note that earnings may be volatile with market movements rather than purely from core broking income.