32nd Annual Report of the Company for the Financial Year 2025-26

CIN: L66120MP1995PLC008959 CS/ Annual Report Submission Date: 26th August,2026 To, To, The Listing Department The Listing Department BSE Limited National Stock Exchange of India Ltd. Department of Corporate Affairs Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street Bandra (E) Mumbai – 400 001 Mumbai - 400 051 Scrip ID – 533676 Scrip Code – INDOTHAI ISIN - INE337M01021 ISIN - INE337M01021 Dear Sir/Madam, Subject : Submission of Annual Report pursuant to Regulation 34(1). In Pursuance of Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose Annual Report for the Financial Year 2025-26. Kindly take the above intimation on your record. Thanking You, For Indo Thai Securities Limited Shruti Sikarwar (Company Secretary cum Compliance Officer) ANNUAL REPORT FY 2025 - 26 Guided by Vision Lightning the path to lasting Growth. LEARDSHIP. TRUST. DIRECTION. CORPORATE EXECUTIVE DIRECTORS BOARD OF DIRECTORS OF TABLE OF CONTENTS SUBSIDIARY INFORMATION Mr. PARASMAL DOSHI INDO THAI REALTIES LIMITED Chairman, Whole-time Director “Where to find us, and (Finance) Mr. Parasmal Doshi who owns us.” Mr. DHANPAL DOSHI Mr. Dhanpal Doshi Managing Director Mr. Amber Chaurasia 03 Corporate Overview Mr. RAJENDRA BANDI Whole-time Director INDO THAI GLOBE FIN (IFSC) LIMITED (Operations) 04 Company Overview Mr. Dhanpal Doshi NON-EXECUTIVE DIRECTOR Mr. Sarthak Doshi 06 Holding Structure Mr. Rajendra Bandi Mr. AMBER CHAURASIA Independent Director Mr. Sunil Kumar Soni 08 Indo Thai at a Glance Mr. DHARMENDRA JAIN Independent Director FEMTO GREEN HYDROGEN LIMITED Mrs. SWETA SHARMA PASTARIA Mr. Parasmal Doshi 10 Our Journey Independent Director Mr. Dhanpal Doshi Mr. Nandan Kundetkar Vinayakrao 12 Geographical Footprint CHIEF FINANCIAL OFFICER CUM CHIEF OPERATING Mrs. Shobha Choudhary OFFICER Mr. Prasad Kiran Thakur 14 Board of Directors Mr. Nishit Doshi Mr. Dinesh Sancheti CHIEF EXECUTIVE OFFICER 16 Key Managerial Personnel INDO THAI FINANCIAL SERVICES LIMITED Mr. Sarthak Doshi Mr. Dhanpal Doshi 18 Chairman’s Speech STATUTORY AUDITOR Mr. Nishit Doshi Mr. Sarthak Doshi SPARK & Associates Chartered 22 Licenses and Certificates Accountants LLP REGISTRARS & SHARE TRANSFER S P A R K House, Scheme No. 53, AGENTS Vijay Nagar, Near Medanta Hospital, 24 Awards Indore – M.P. M/s Bigshare Services Private Limited Pinnacle Business Park, Office no S6-2 ,6th floor, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai, 26 Corporate Social Responsibility INTERNAL AUDITOR Maharashtra, India,400093 Tel: + 91-22-62638200 M/S APT & Co. LLP, Chartered Email : investor@bigshareonline.com 28 Board Report Accountants Website : www.bigshareonline.com 104, Sunrise Tower, 571 MG Road, Indore-452001 COMPANY SECRETARY & 72 Report of Corporate Governance COMPLIANCE OFFICER SECRETARIAL AUDITOR Ms. SHRUTI SIKARWAR 115 Management Discussion and Analysis Kaushal Ameta & Co. Company BANKS Secretaries 404, Navneet Palaza , 5/2 Old Palasia , HDFC Bank 126 Standalone Financial Statements Indore -452001 ICICI Bank SOLICITOR 185 Consolidated Financial Statements Mr. CHIRANJEEV SABOO 247 Notice ANNUAL REPORT 2026 CORPORATE INFORMATION STATUTORY REPORTS FINANCIAL REPORTS Company & Business Overview Indo Thai Securities Limited is a full-stack financial services company with 31 years of Wealth Management & Family Office uninterrupted operations, headquartered in Indore and listed on both the NSE and BSE. Operating as a diversified financial services group, the Company has established Offering preservation, succession planning, and long-term capital allocation itself as a trusted intermediary, offering integrated and research-driven financial solutions advisory for HNI/UHNI families. to a wide spectrum of clients. Mutual Fund Distribution Core Business Lines & Capabilities Facilitating access to diversified mutual fund products, backed by research- Equity Broking led recommendations. Facilitating equity trading and investment through robust execution platforms Upcoming Growth Drivers across NSE & BSE in cash and derivatives, supported by in-depth research. AIF Category 2, Investment Banking (capital raising and strategic advisory), Commodity & Currency Broking and international financial gateways via GIFT City IFSC. Providing access to futures, options, commodity, and currency markets (MCX, NCDEX & MSEI) enabling clients to hedge risks and execute advanced Target Customer Segments & Industry Positioning strategies. The Company’s clientele primarily includes High Net-Worth Individuals (HNIs), Algorithmic Trading Ultra HNIs, corporate clients, and institutional participants. Indo Thai prioritizes relationship depth over transaction volume, driven by an advisory-backed wealth Systematic, technology-driven execution with institutional-grade data creation model. Benefiting from the increasing financialization of savings and the strategies to enhance speed and precision. projected $2.3 Trillion India HNWIs wealth by FY2029, Indo Thai is positioned to capture this rapid growth through its integrated platform and robust institutional Institutional Desk credibility. Serving institutional clients and corporates with dedicated execution services, liquidity access, and large-volume trade facilitation. Research & Advisory Services Delivering independent, fundamental, and technical research insights to support informed investment decisions. Depository Participant (DP) & IEPF Services Providing secure demat services and efficient integrated DP custody solutions (CDSL) for seamless securities management. ANNUAL REPORT 2026 CORPORATE INFORMATION STATUTORY REPORTS FINANCIAL REPORTS Holding Structure ANNUAL REPORT 2026 CORPORATE INFORMATION STATUTORY REPORTS FINANCIAL REPORTS Indo Thai at a Glance Vision To be India’s most trusted wealth platform where disciplined capital management meets innovative ideas. Founded Listed Mission 1995 2011 To be India’s most trusted wealth platform where disciplined capital management meets innovative ideas. Core Values Active Core Total AUI Relationships (Assets Under Influence) Shareholder Commitment: 15,000+ Dividends paid in 10 out of 12 FY since FY15. 9,000+ Cr Inc. HNI Clients Fiscal Discipline: Advance tax paid on all working days of FY 25-26. Intellectual Capital: Average AUI Per Subsidiaries Driven by elite financial and operational leadership. Client ₹60.0 Lakh Governance: Group Companies Standards exceed regulatory floor. (as on 31 Mar ‘26) Long-Term Commitment: 30% senior’s tenure is between 20-25 years. Social Responsibility: Exchange Memberships Healthcare, education, welfare. NSE, BSE, MCX, MSEI, NCDEX ANNUAL REPORT 2026 CORPORATE INFORMATION STATUTORY REPORTS FINANCIAL REPORTS Company’s Journey 2010 1995 Registered as BSE TMCM for F&O segment, as Member of USE TM for CDS. Incorporated. Registered as NSE TM for CM segment. 2011 2000 Listed on NSE & BSE via public IPO. Registered as NSE TM for F&O segment. Placed 1st trade in India in Nifty 50 Index Future. 2012 2003 Self-clearing member in NSE Currency segment. Registered as TMCM with NCDEX (via Group Company). 2015 2004 Institutional Offices setup. Registered as TMCM with MCX (via Group Company); and registered as Clearing Member with NSE. 2018 2006 Awarded the BSE Star Certificate for a national record of 3,317 single-day SIPs. Registered Stock Broker of NSEIX in GIFT City IFSC (via Subsidiary). Wealth distribution launch as AMFI Mutual Fund Advisor. 2021 2007 Backed Femto wave fuel decarbonization technology entry (via Subsidiary). Registered as CDSL Depository Participant (DP). 2024 2008 Raised 155 Crores capital. Registered as BSE Member for CM Segment, as NSE TM for Currency Segment; and MCX-SX TM for CDS. 2026 2009 Highest Fresh SIP Numbers during 2024-25 with Kotak Mutual Fund. Proposed Strategic Demerger. Registered as TMCM with ICEX (via Group Company). 10 11 ANNUAL REPORT 2026 CORP [Showing first 8,000 characters — download PDF for full document]