Meeting Details

  • Date: Saturday, 19th September 2026
  • Time: 12:30 P.M. IST
  • Venue: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type: 32nd Annual General Meeting
  • Quorum: 69 members attended, requisite quorum present

Proposed Resolutions and Implications

The following ordinary and special business items were transacted:

Ordinary Business:

  • Adoption of Financial Statements
  • Declaration of Dividend
  • Appointment of Mr. Rajendra Bandi, Director liable to retire by rotation
  • Appointment of Vinod Singhal & Co. LLP as Statutory Auditor and fixing their remuneration

Special Business:

  • Re-appointment of Mr. Dhanpal Doshi as Managing Director
  • Re-appointment of Mr. Parasmal Doshi as Whole Time Director
  • Re-appointment of Mr. Rajendra Bandi as Whole Time Director
  • Approval for increase in remuneration of Mr. Sarthak Doshi (Chief Executive Officer)
  • Approval for increase in remuneration of Mr. Nishit Doshi (Chief Financial Officer and Chief Operating Officer)
  • Amendment in the Main Object Clause of the Memorandum of Association

Key Business Updates Discussed

Scheme of Arrangement: Briefing on demerger between Indo Thai Securities Limited (ITSL) and Indo Thai Financial Services Limited (ITFSL) for transfer of ITSL's Broking and Distribution Business to ITFSL. The Scheme has been approved by Board, shareholders, and creditors, subject to regulatory and NCLT approvals.

Financial Performance: FY 2025-26 net profit of ₹66.86 crores and net worth of ₹282.69 crores, driven by successful preferential allotments.

Warrant Conversions: 11,69,800 warrants converted into 1,16,98,000 Equity Shares during FY 2025-26. Subsequently, 4,22,000 warrants converted into 4,22,000 Equity Shares and 60,500 warrants forfeited as per applicable terms.

Stock Split: Successful completion of stock split whereby one equity share of face value ₹10 was sub-divided into 10 equity shares of face value Re. 1 each, effective from 18th July 2025.

CSR Initiatives: Against required CSR expenditure of ₹18,76,912, the Company spent ₹18,84,895, resulting in excess expenditure of ₹7,983 to be adjusted in next financial year.

Voting Process

  • Remote e-voting period: 16th September 2026 (09:00 A.M.) to 18th September 2026 (05:00 P.M.)
  • Electronic voting facility available during AGM for members who hadn't voted remotely
  • Electronic voting remained open for 15 minutes after conclusion of meeting
  • Scrutinizer: M/s Kaushal Ameta & Co., Practicing Company Secretary, Indore appointed to scrutinize remote e-voting and e-voting during AGM

Voting Outcomes

Note: Specific voting results and percentage breakdowns by shareholder category are not provided in this document. The results of remote e-voting and voting at the meeting will be disseminated to stock exchanges and uploaded on company website (www.indothai.co.in) and CDSL website (www.evotingindia.com).

Compliance Confirmation

The meeting was conducted through video conferencing as per directions issued by Ministry of Corporate Affairs and Securities and Exchange Board of India. All agenda items were completed in compliance with applicable regulations.

Attendees and Representatives

Directors and KMPs Present:

  • Mr. Parasmal Doshi (Chairman and Whole Time Director)
  • Mr. Dhanpal Doshi (Managing Director)
  • Mr. Rajendra Bandi (Whole-Time Director)
  • Mr. Dharmendra Jain (Independent Director)
  • Mr. Amber Chaurasia (Independent Director, Chairman of Audit Committee, NRC and SRC)
  • Mrs. Sweta Sharma Pastaria (Independent Director)
  • Mr. Sarthak Doshi (Chief Executive Officer)
  • Mr. Nishit Doshi (Chief Financial Officer cum Chief Operational Officer)
  • Mrs. Shruti Sikarwar (Company Secretary cum Compliance Officer)

Other Representatives:

  • Statutory Auditor: CA Mayank Saklecha (Partner of M/s SPARK & Associates Chartered Accountants LLP)
  • Internal Auditor: Mrs. Geetanjali Vijayvargiya (Partner of M/S APT & Co.)
  • Secretarial Auditor: CS Kaushal Ameta (M/s Kaushal Ameta & Co.)
  • Scrutinizer: CS Kaushal Ameta (M/s Kaushal Ameta & Co.)

Additional Information

The meeting included a Q&A session with registered speaker shareholders concerning the resolutions and company's performance & businesses. The AGM concluded at 01:01 P.M. IST.