12-Jun-2026 19:06:11
INDO THAI SECURITIES : NCLT CLEARS KEY STEPS FOR DEMERGER SCHEME ⚖️📑
• 🏛️ NCLT Indore Bench passed order on June 10, 2026 regarding the proposed demerger scheme • 👥 Directed meeting of equity shareholders of Indo Thai Securities to be convened within 45 days for approval of the scheme • 🤝 Directed meeting of unsecured creditors of Indo Thai Securities within 45 days to consider the scheme • ✅ Dispensed with meetings of secured creditors of Indo Thai Securities • ✅ Dispensed with meetings of equity shareholders of Indo Thai Financial Services • 📌 Meetings of secured and unsecured creditors of Indo Thai Financial Services not required as there are no such creditors • ⏳ Scheme remains subject to regulatory approvals and other necessary compliances 🟢 Impact: Positive (NCLT approval marks a significant regulatory milestone, advancing the demerger process toward implementation.)
INDO THAI SEC LTD