To consider and approve audited standalone and consolidated financial results for the quarter and year ended 31st March, 2026
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The Investment Trust of India Limited reported consolidated revenue of Rs 28,454.29 lakhs for FY2026, down from Rs 30,170.90 lakhs in FY2025. Net profit after tax declined to Rs 3,471.45 lakhs from Rs 4,592.47 lakhs, a fall of about 24%. EPS dropped to Rs 5.76 from Rs 8.14. The company operates across five segments including broking, investment advisory, financing, trading, and asset management. The Board decided not to pursue the previously approved demerger of its Non-lending Business Undertaking into Distress Asset Specialist Limited. Instead, it approved a new amalgamation scheme to merge four wholly owned subsidiaries (ITI Gilts, ITI Wealth Management, ITI Alternate Funds Management, and Fortune Management Advisors) into TITIL with effect from April 1, 2026. The loss of control of ITI Gold Loans subsidiary in November 2025 resulted in a one-time gain of Rs 107.17 lakhs. Labour Code implementation added Rs 227.71 lakhs to employee benefit costs. The statutory auditor issued an unmodified (clean) opinion.
The decline in both revenue and profit is concerning for shareholders. The company abandoned its planned demerger but announced a new consolidation through amalgamation, signaling strategic restructuring within the group. The clean audit opinion with emphasis on these schemes indicates these structural changes are significant but without accounting concerns.