The Investment Trust Of India Limited has informed the Exchange regarding Board meeting held on July 25, 2025.
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, total income rose marginally to Rs. 7,726.44 lakhs from Rs. 7,679.03 lakhs a year ago, but profit after tax declined about 21% to Rs. 1,020.80 lakhs (vs Rs. 1,291.37 lakhs), translating to EPS of Rs. 1.75 (vs Rs. 2.37). On a standalone basis, the company swung to a small profit of Rs. 12.72 lakhs from a loss of Rs. 42.68 lakhs in Q1 FY25. The Board also approved the dilution of its 50.33% stake in subsidiary ITI Gold Loans Limited, meaning IGLL will become an associate rather than a subsidiary. Additionally, the FFSIL ESOP 2017 scheme was revised, two senior management personnel were appointed, and the 34th AGM was scheduled for August 25, 2025. The auditor flagged an emphasis of matter regarding the pending demerger of the non-lending business into Distress Asset Specialist Limited, which awaits NCLT and other approvals.
Mixed signals for shareholders: consolidated profits dipped while standalone returned to profit, and losing subsidiary status of the gold loan business reflects a strategic refocus but reduces direct control over a growing NBFC. The pending demerger scheme and dilution both require shareholder approval at the upcoming AGM, which will be a key event to watch.