Indo Thai Securities Limited — JV/Acquisition, 19-03-2026: Demerger

Indo Thai Securities (ITSL) is moving ahead with its demerger plan, separating its financial services business into a new entity, Indo Thai Financial Services (ITFSL). This strategic move aims to create focused operations for both businesses and unlock shareholder value. The company has received "no adverse observations" and "no objection" letters from BSE and NSE, crucial steps towards the demerger. ITFSL is intended to be separately listed, subject to final regulatory and NCLT approvals. This could benefit ITSL shareholders by potentially providing direct ownership in the distinct financial services arm.