The Investment Trust of India logo

The Investment Trust of India MD, chairman, board of directors and AGM

NSE: THEINVESTBSE: 530023FinanceSmall Cap

Formerly Fortune Financial Services (India)
Last close ₹83.95down ₹0.13 (0.15%)BSE ₹85.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹84.08.

52-week range of traded prices to 23 Oct 2026
₹82.50Low, 23 Oct 2026₹148.29High, 23 Oct 2025
Market cap
₹439 Cr1,806th largest listed
P/E
13.2
P/B
0.6
Dividend yield
Nonein the last 12 months
ROE
4.6%
ROCE
4.9%
Debt to equity
0.07
Volume, NSE
3,92075.1% delivered

The Investment Trust of India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonChintan Vijay Valia
  • Company Secretary and Compliance OfficerVidhita Narkar

7 directors4 independent3 non-executive

  • Chintan Vijay Valia · ChairpersonNon-executive · joined Mar 2013 · reappointed Mar 2013 · 1 listed board · 5 committee seats, 1 as chair
  • Khyati Chintan ValiaNon-executive · joined Mar 2015 · reappointed Mar 2015 · 1 listed board · 1 committee seat
  • Asit Chimanlal MehtaNon-executive · joined Sep 2021 · reappointed Sep 2021 · 1 listed board · 1 committee seat, 1 as chair
  • Papia Sengupta · Shareholder DirectorIndependent · joined Dec 2020 · reappointed Dec 2025 · 66 months as independent · 2 listed boards · 2 as independent · 9 committee seats, 1 as chair
  • Rajeev Uberoi · Shareholder DirectorIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 2 as chair
  • Sidharth Rath · Shareholder DirectorIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Prabhakar Banavar Ananthramaiah · Shareholder DirectorIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Alok Kumar Misra, left 9 May 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 May 20266 of 7 present4 independent · 54 days in between
    • 19 Mar 20266 of 7 present4 independent · 43 days in between
    • 3 Feb 20266 of 7 present4 independent
  • Audit Committee

    Chair Rajeev Uberoi

    Papia Sengupta, Chintan Vijay Valia, Sidharth Rath, Prabhakar Banavar Ananthramaiah

    • 13 May 20265 of 5 present4 independent
    • 12 May 20265 of 5 present4 independent · 97 days in between
    • 19 Mar 20265 of 5 present4 independent
    • 3 Feb 20265 of 5 present4 independent
  • Nomination and remuneration committee

    Chair Papia Sengupta

    Rajeev Uberoi, Chintan Vijay Valia, Sidharth Rath, Prabhakar Banavar Ananthramaiah

    • 3 Feb 20265 of 5 present4 independent
  • Stakeholders Relationship Committee

    Chair Chintan Vijay Valia

    Papia Sengupta, Prabhakar Banavar Ananthramaiah, Sidharth Rath

    • 13 May 20264 of 4 present3 independent · 98 days in between
    • 3 Feb 20264 of 4 present3 independent
  • Risk Management Committee

    Chair Rajeev Uberoi

    Chintan Vijay Valia, Papia Sengupta, Sidharth Rath

    • 13 May 20264 of 4 present3 independent
  • Internal Finance Committee

    Chair Chintan Vijay Valia

    Rajeev Uberoi, Papia Sengupta

    No meeting listed in the filing.

  • Management Committee

    Chair Chintan Vijay Valia

    Rajeev Uberoi, Papia Sengupta

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Ramesh M Sheth AssociatesPeer-review certificate valid to Mar 2027
1 earlier auditor
  • Ramesh M Sheth & AssociatesNamed in the filing for the quarter to Dec 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

The Investment Trust of India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.The Investment Trust of India share news and announcements

Annual general meeting, 28 Sep 2026

6,881 shareholders on the register on 23 Sep 2026; present: 6 promoters and 66 others; votes counted by Himanshu Gajra / Himanshu Gajra & Company.The company's voting result (opens in a new tab)

  1. (a) Audited standalone financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and the Auditors thereon; and (b) Audited consolidated financial statements of the Company for the financial year ended March 31, 2026, and the report of the Auditors thereon and in this regard,MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 78.53% · promoters 100.00% · institutions 0.00% · other public 30.03%

  2. To consider and appoint Mrs. Khyati Valia (DIN: 03445571) as a director, who retires by rotation and being eligible, offers herself for re-appointment and in this regard,
    OrdinaryPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 6.41% · promoters 0.00% · institutions 0.00% · other public 30.03%

  3. To approve Material Related Party Transactions of the Company and in this regard,
    OrdinaryPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 6.41% · promoters 0.00% · institutions 0.00% · other public 30.03%

  4. To approve Material Related Party Transactions of subsidiaries of the Company and in this regard,
    OrdinaryPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 6.41% · promoters 0.00% · institutions 0.00% · other public 30.03%

  5. To approve to advance any loan/give guarantee/provide security u/s 185 of the Companies Act, 2013 and in this regard,
    SpecialPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 6.41% · promoters 0.00% · institutions 0.00% · other public 30.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Dec 2025, 1 resolution

7,070 shareholders on the register on 7 Nov 2025; votes counted by Himanshu Gajra / Himanshu Gajra & Company.The company's voting result (opens in a new tab)

  1. Extension of ‘FFSIL- Employees Stock Option Plan 2017 to employees of the Subsidiary Company(ies) of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 73.56% · promoters 95.27% · institutions 0.00% · other public 22.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Aug 2025, 8 resolutions

7,289 shareholders on the register on 18 Aug 2025; present: 6 promoters and 65 others; votes counted by Himanshu Gajra / Himanshu Gajra & Company.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated) of the Company along with auditor's report thereon and Board's report for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.97% · promoters 100.00% · institutions 0.00% · other public 22.73%

  2. To appoint a Director in place of t Mr. Chintan Valia, (DIN: 05333936), who retires by rotation at this AGM and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 4.85% · promoters 0.00% · institutions 0.00% · other public 22.73%

  3. To appointment of Secretarial Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.97% · promoters 100.00% · institutions 0.00% · other public 22.73%

  4. To Approve the Reappointment of Ms. Papia Sengupta(DIN: 07701564) as an Independent Woman Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.97% · promoters 100.00% · institutions 0.00% · other public 22.73%

  5. To Approval for amendment of ‘FFSIL - Employees Stock Option Plan 2017’ (“ESOP2017”)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.97% · promoters 100.00% · institutions 0.00% · other public 22.73%

  6. To Approve the Dilution of equity interest in subsidiary ITI Gold Loans Limited
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.97% · promoters 100.00% · institutions 0.00% · other public 22.73%

  7. Approval of Material Related Party Transactions of The Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 4.85% · promoters 0.00% · institutions 0.00% · other public 22.73%

  8. Approval of Material Related Party Transactions of Subsidiaries of The Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 4.85% · promoters 0.00% · institutions 0.00% · other public 22.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Jun 2025, 2 resolutions

7,047 shareholders on the register on 9 May 2025; votes counted by Himanshu Gajra / Himanshu Gajra & Company.The company's voting result (opens in a new tab)

  1. To consider appointment of Mr. Sidharth Rath (DIN: 00682901) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 76.71% · promoters 99.52% · institutions 0.00% · other public 23.11%

  2. To consider appointment of Mr. Banavar Anantharamaiah Prabhakar (DIN: 02101808) as an Independent director of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 76.71% · promoters 99.52% · institutions 0.00% · other public 23.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Mar 2025, 2 resolutions

6,634 shareholders on the register on 14 Feb 2025; votes counted by Himanshu Gajra / Himanshu Gajra & Company.The company's voting result (opens in a new tab)

  1. Approval of Material Related Party Transactions of The Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.48% · promoters 0.00% · institutions 0.00% · other public 30.47%

  2. Approval of Material Related Party Transactions of Subsidiaries of The Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.48% · promoters 0.00% · institutions 0.00% · other public 30.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 5 resolutions

Present: 6 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated) of the Company along with auditor's report thereon and Board's report for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.03% · promoters 100.00% · institutions 0.00% · other public 23.00%

  2. To appoint a Director in place of Mr. Asit Mehta, (DIN: 00169048) who retiresnby rotation at this AGM and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.03% · promoters 100.00% · institutions 0.00% · other public 23.00%

  3. Re-Appointment Of M/S Ramesh M Sheth & Associates, Chartered Accountants (Frn. 111883w) As A Statutory Auditor Of The Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.03% · promoters 100.00% · institutions 0.00% · other public 23.00%

  4. Approval of Material Related Party Transactions of The Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.03% · promoters 100.00% · institutions 0.00% · other public 23.00%

  5. Approval of Material Related Party Transactions of Subsidiaries of The Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.03% · promoters 100.00% · institutions 0.00% · other public 23.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 3 resolutions

Present: 6 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements (Standalone and Consolidated) of the Company along with auditor's report thereon and Board's report for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.89% · promoters 100.00% · institutions 0.00% · other public 22.36%

  2. To appoint a Director in place of Ms. Khyati Valia, (DIN: 03445571)who retiresnby rotation at this AGM and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 75.20% · promoters 97.65% · institutions 0.00% · other public 22.36%

  3. To appoint Mr. Rajeev Uberoi (DIN: 01731829) as an Independent Director of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.89% · promoters 100.00% · institutions 0.00% · other public 22.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2022, 2 resolutions

Present: 5 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements (standalone and consolidated) of the Company together with the Report of the Board of Directors and the Auditors thereon for the financial year ended March 31, 2022MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 76.66% · promoters 100.00% · institutions 0.00% · other public 21.26%

  2. To appoint a Director in place of Mr. Chintan Valia, (DIN: 05333936) who retires by rotation at this AGM and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.65%

    Turnout: all 76.31% · promoters 99.52% · institutions 0.00% · other public 21.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeChief Controlling Revenue Authority, Maharashtra State, PunSince 24 Nov 2025
    Matter remains pending before the Chief Controlling Revenue Authority, Maharashtra State, Pune. No change in status since last disclosure as on 31st March 2026.
    At the filing before: The stamp duty demand arises from the adjudication of the Order passed by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated 8th June 2020, sanctioning the Scheme of Amalgamation of ITI Management Advisors Ltd. (a wholly owned subsidiary) with The Investment Trust of India Limited ("the Company"). Pursuant to this, the Office of the Collector of Stamps, Enforcement, Mumbai, issued an Adjudication Order levying stamp duty of Rs. 2,99,47,295/- on the said NCLT Order. The Company has challenged the validity of the impugned order by filing an appeal under Section 53(1A) of the Maharashtra Stamp Act, 1958, before the Hon'ble Inspector General of Registration and Controller of Stamps, Maharashtra State, which is currently pending adjudication.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.