NCLT-convened shareholder meeting held for demerger scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

INDOTHAI · price

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Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹215.97

prior close

₹217.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.5% vs market

Stockbroking & Allied peers, median of 38sector-0.5%+2.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 2.4 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+2.7+0.0+2.7-1.5+4.3

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 38Pending

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AI summary

Indo Thai Securities held a court-convened meeting of equity shareholders on 24 July 2026 via video conferencing, as directed by NCLT Indore Bench. Shareholders considered a Special Resolution under Section 230(6) to approve a Scheme of Arrangement in the nature of demerger between Indo Thai Securities (Demerged Company) and Indo Thai Financial Services (Resulting Company). Out of 18,251 shareholders on record date (17 July 2026), 47 attended via VC and the meeting had the required quorum. Members raised queries on the scheme which were addressed by management. E-voting results will be shared within 2 working days.

Likely market impact

Demerger proposal between the company and Indo Thai Financial Services moved forward; voting outcome awaited, which will decide scheme approval.