Merger13 May 2026, 08:31 pm
ITI to Demerge into Distress Asset Specialists Ltd
AI Summary
The Investment Trust of India Ltd (TITIL) board approved the demerger into its wholly-owned subsidiary, Distress Asset Specialist Limited (DASL). The board also approved audited financial statements for the year ended March 31, 2026, and a scheme of amalgamation of wholly-owned subsidiaries with the company.
Key Highlights
- ITI board approves demerger into Distress Asset Specialist Limited (DASL).
- Audited financial statements for FY26 approved by the board.
- Scheme of amalgamation of wholly-owned subsidiaries approved.
- Auditor's report with unmodified opinion issued for FY26 results.