Indo Thai Securities Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)
INDOTHAI · price
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Indo Thai Securities has signed a Share Purchase Agreement on 19th May 2025 to sell its entire shareholding in Indo Thai Commodities Private Limited, its associate company. The buyers are Future Infraestates Private Limited and Indo Thai Wealth Management Private Limited, both of which belong to the company's promoter group. Total consideration is Rs. 36.35 lakhs, with completion expected by 26th May 2025. The associate contributed only Rs. 0.27 crore in revenue, Rs. 0.13 crore in pre-tax profit (0.34% of consolidated PBT), and Rs. 2.69 crore in net worth (0.07% of consolidated net worth) for FY24. The transaction is a related-party deal, carried out at arm's length based on a valuation certificate. After completion, Indo Thai Commodities will cease to be an associate company.
The financial impact on Indo Thai Securities is negligible given the associate's tiny contribution to consolidated earnings and net worth. The deal is small and with promoter-group entities, so the stock price is unlikely to move meaningfully, though shareholders may note the related-party nature.