Approval of scheme of amalgamation of four wholly owned subsidiaries (Transferor companies) with the Company (Transferee Company) and their respective shareholders of the Transferor companies ....
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On the reaction day the stock moved 13.3 pts less than Nifty Microcap 250 and 13.0 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors approved a scheme of amalgamation where four wholly-owned subsidiaries (ITI Gilts Limited, ITI Wealth Management Limited, ITI Alternate Funds Management Limited, and Fortune Management Advisors Limited) will merge into The Investment Trust of India Limited under Sections 230-233 of the Companies Act, 2013, effective from April 1, 2026. The company also announced it will NOT pursue an earlier approved demerger of its non-lending business into Distress Asset Specialist Limited. For FY26, consolidated revenue from operations stood at Rs 28,454.29 lakhs with net profit after tax of Rs 3,471.45 lakhs. Additionally, the company lost control of ITI Gold Loans Limited subsidiary in November 2025, which has been reclassified as an associate.
Shareholders may benefit from simplified group structure as subsidiaries merge into the parent, potentially reducing administrative costs. However, the abandonment of the demerger means the market will not see a separately listed entity focused on distress assets. The scheme remains subject to NCLT and other regulatory approvals.