The Investment Trust Of India Limited has informed the Exchange about General Updates on Board Approve for the Amendmemt in of Fortune Financial Services (India) Limited Employees Stock Option Plan 2017 ( FFSIL ESOP 2017 ), subject to shareholder s approval.
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The Board of The Investment Trust of India Limited (TITIL) approved unaudited Q1 FY26 results. On a standalone basis, the company swung to a profit of ₹12.72 lakhs (vs a loss of ₹42.68 lakhs in Q1 FY25), with total income rising to ₹510.45 lakhs. On a consolidated basis, total income was largely flat at ₹7,726.44 lakhs, but profit after tax fell about 21% to ₹1,020.80 lakhs (vs ₹1,291.37 lakhs in Q1 FY25), with EPS at ₹1.75. The Board also approved a revision of the Fortune Financial Services (India) Limited – ESOP 2017 scheme, subject to shareholder approval, with changes to lock-in periods and extension of benefits to employees of eligible subsidiaries and LLPs. Additionally, the company will dilute its 50.33% stake in material subsidiary ITI Gold Loans Limited (IGLL) by not participating in a fresh capital infusion of 90 lakh shares at ₹25 each, after which IGLL will cease to be a subsidiary and become an associate. The 34th AGM is scheduled for August 25, 2025, and Mrs. Papia Sengupta has been re-appointed as Independent Director for a second 5-year term.
Standalone results turned profitable, but consolidated profit declined roughly a fifth year-on-year. The most material event for shareholders is the loss of controlling interest in ITI Gold Loans Limited, which will move from a subsidiary to an associate — this will reduce consolidated scale and could affect future earnings attribution, though the parent avoids further capital commitment in the gold loan business. ESOP changes and the director re-appointment are routine governance matters pending shareholder vote.