I S T Ltd (508807)

IST Limited announced the re-appointment of Mr. Suresh Chand Jain as Whole-time Director (Executive Director) for a two-year term effective August 14, 2026, at a revised remuneration of Rs. 2.40 Lacs per month, subject to shareholder approval at the 50th AGM. Concurrently, the Board approved the appointment of Mr. Vikas Kumar Naredi as Chief Financial Officer (CFO) and Key Managerial Personnel effective August 14, 2026. Mr. Naredi, who has been with the company for over 5 years as Dy. General Manager (Finance & Accounts), succeeds Mr. Deoki Nandan Tulshyan upon his retirement.

• Mr. Suresh Chand Jain re-appointed as Whole-time Director for a 2-year term up to the 52nd AGM in 2028.
• Executive Director revised remuneration fixed at Rs. 2.40 Lacs per month plus standard perquisites.
• Mr. Vikas Kumar Naredi appointed as CFO following the retirement of Mr. Deoki Nandan Tulshyan.
• New CFO brings ~15 years of post-qualification experience in Finance & Accounts, including >5 years at IST Ltd.

IST Ltd reported its Q1 FY27 results, highlighting the significant contribution of its wholly-owned subsidiary, Gurgaon Infospace Limited, which generated ₹71.57 Cr in income and ₹48.07 Cr in PAT for the quarter. The board appointed Vikas Kumar Naredi as the new CFO and re-appointed Suresh Chand Jain as Executive Director for a two-year term. The company continues to trade at a significant discount to its net worth of ₹1,692 Cr, with a market cap of only ₹771 Cr. The 50th Annual General Meeting is scheduled for September 28, 2026.

• Wholly-owned subsidiary Gurgaon Infospace reported Q1 income of ₹71.57 Cr
• Subsidiary PAT for the quarter stood at ₹48.07 Cr, representing the bulk of group earnings
• Mr. Vikas Kumar Naredi appointed as Chief Financial Officer effective August 14, 2026
• Mr. Suresh Chand Jain re-appointed as Executive Director for a 2-year term until 2028
• Book closure for the 50th AGM set from September 23 to September 29, 2026

Mr. Deoki Nandan Tulshyan has retired as the Chief Financial Officer (CFO) of I S T Ltd effective August 13, 2026, upon reaching the age of superannuation. Consequently, he has also ceased to be a Key Managerial Personnel (KMP) of the company. The company, which has a market capitalization of Rs 769 Cr and reported a TTM PAT of Rs 154 Cr, has not yet named a successor in this filing. This transition appears to be a routine retirement based on age rather than a sudden resignation.

• Retirement effective from the close of business hours on August 13, 2026
• Departure is due to reaching the age of superannuation
• Company reported a TTM PAT of Rs 154 Cr, significantly higher than its TTM Revenue of Rs 126 Cr
• Mr. Tulshyan ceases to be a Key Managerial Personnel (KMP) as of the same date

I S T Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This follows a volatile FY26 where the company reported a TTM PAT of ₹154 Cr against a revenue of ₹126 Cr, indicating significant non-operating income. Investors will be looking for a recovery after the company reported a net loss of ₹9.5 Cr in the preceding March 2026 quarter. The trading window for insiders has been closed since July 1, 2026.

• Board meeting scheduled for August 14, 2026, to approve Q1 results
• Financials to cover the three-month period ended June 30, 2026
• Trading window for designated persons closed since July 1, 2026
• Company maintains a low P/E of 4.9 and a significant net worth of ₹1,692 Cr relative to its ₹752 Cr market cap

I S T Ltd has appointed M/s. Pawan K Singla & Co., Chartered Accountants, as its Internal Auditors for the financial year 2026-27. This appointment follows the completion of the tenure of the previous auditors, M/s Jinendra & Co. The new firm brings approximately 20 years of professional experience in audit and corporate consultancy. The Board approved this change on July 30, 2026, following a recommendation from the Audit Committee.

• Appointment of M/s. Pawan K Singla & Co. as Internal Auditors for the full financial year 2026-27
• The new auditing firm possesses approximately 20 years of professional experience in statutory and internal audits
• The Board meeting for this approval was conducted over 3 hours, from 11:15 AM to 2:15 PM on July 30, 2026
• Previous auditors M/s Jinendra & Co. ceased association due to completion of their tenure