The Investment Trust Of India Limited has informed the Exchange about Amalgamation of four Wholly Owned Subsidiaries with Holding Company
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The Board of Directors approved a scheme of amalgamation under Section 233 of the Companies Act, 2013, merging four wholly-owned subsidiaries—ITI Gilts Limited, ITI Wealth Management Limited, ITI Alternate Funds Management Limited, and Fortune Management Advisors Limited—into The Investment Trust of India Limited (TITIL) as the Transferee Company. The scheme is proposed to be effective from April 1, 2026. The company also announced it will not pursue a previously approved demerger scheme of its Non-lending Business Undertaking into Distress Asset Specialist Limited. For FY2026, TITIL reported consolidated net profit of Rs 3,471.45 lakhs on total income of Rs 30,170.90 lakhs, while standalone operations recorded a net loss of Rs 161.89 lakhs. Additionally, the group's stake in ITI Gold Loans Limited was diluted from 50.33% to 21.55%, resulting in loss of control and recognition of a Rs 107.17 lakhs gain.
The amalgamation will simplify the group structure by consolidating wholly-owned subsidiaries into the parent, potentially reducing administrative costs and improving operational efficiency. Shareholders are not directly affected as this is an internal restructuring. The decision to abandon the demerger may affect market expectations regarding business separation plans.