NCLT meeting of unsecured creditors on 24 July 2026 for ITSL demerger scheme

Nclt Scheme FiledDemerger Ratio AnnouncedStrategic Transactions View source PDF

INDOTHAI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.0%1-day move

₹236.95

prior close

₹236.16

base price

After-mkt

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+0.2+2.3+1.5+2.6-5.0-2.3-2.9-6.2-4.4+5.5-8.4-8.5——

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AI summary

Indo Thai Securities has notified the NCLT-directed meeting of unsecured creditors to be held on 24 July 2026 at 3:00 PM via video conferencing. The meeting will consider the proposed demerger of ITSL's Broking and Distribution business into Indo Thai Financial Services Limited (ITFSL). Share entitlement ratio is 1:1. BSE and NSE have given no adverse observations. Notice dispatched on 19 June 2026. Remote e-voting runs 20 to 23 July. If approved, the B&D undertaking will transfer to ITFSL on a going concern basis.

Likely market impact

Procedural step toward demerger of B&D business into ITFSL. Shareholders will get ITFSL shares in 1:1 ratio. Awaiting NCLT and creditor approval.