Unsecured creditors approve demerger scheme at NCLT convened meeting

Nclt Resolution ApprovedRegulatory & Legal View source PDF

INDOTHAI · price

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AI summary

Indo Thai Securities held an NCLT Indore-convened meeting of unsecured creditors on 24 July 2026 to approve the scheme of demerger of its broking and distribution business into Indo Thai Financial Services. Of 1004 unsecured creditors on record, 58 voted through remote e-voting with 100 percent in favor by value, about Rs 4.78 crore (5 votes worth Rs 14.49 lakh were declared invalid). The resolution was passed as a special resolution with the requisite majority. Final NCLT sanction is still pending.

Likely market impact

Positive milestone for the demerger process. Final NCLT approval and listing steps still required before completion.