Merger13 May 2026, 08:11 pm
ITI approves amalgamation of subsidiaries, demerger update
AI Summary
The Investment Trust of India Ltd (TITIL) has approved the scheme of amalgamation of its four wholly-owned subsidiaries with the company. The board also reviewed the demerger of TITIL into Distress Asset Specialist Limited (DASL), a wholly-owned subsidiary. Audited financial statements for the year ended March 31, 2026, with an unmodified opinion from the statutory auditors, were also approved.
Key Highlights
- ITI approves amalgamation of four wholly-owned subsidiaries.
- Board reviews demerger of ITI into Distress Asset Specialist Limited (DASL).
- Audited financial statements for FY26 approved with unmodified opinion.
- Board meeting commenced at 3.35 P.M. and concluded at 6.10 P.M.