Announced Sat, 25 Jul · 18:34 IST
Shareholders approve demerger of Broking and Distribution business
INDOTHAI · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹215.97
prior close
₹217.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.0-0.0———————————
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AI summary
Equity shareholders of Indo Thai Securities approved the demerger of its Broking and Distribution (B&D) undertaking into Indo Thai Financial Services Limited at the NCLT directed meeting on July 24, 2026. Out of about 8.41 crore shares voted, 99.99 percent (7.93 crore shares) were in favour, with only 295 shares against. Five institutional votes (47.82 lakh shares) were declared invalid. The scheme now awaits final sanction from the NCLT Indore Bench.
Likely market impact
A major shareholder milestone cleared for the demerger. Final effectiveness still depends on NCLT sanction. The stock may see sharp moves on scheme milestones ahead.