Indo Thai Securities Ltd Forfeits Subscription Amount as 60,500 Convertible Warrants Lapse
Indo Thai Securities Ltd confirmed that a portion of its convertible warrants have lapsed, leading the company to approve the forfeiture of the initial subscription amount received from the concerned allottees. This decision was made following the meeting of the Preferential Allotment Committee held on July 14, 2026.Initially, the company had allotted 14,60,000 convertible warrants to 26 allottees on a preferential basis. The initial issue price for these warrants was Rs. 500/- per warrant. Subsequent changes following a stock split saw the equity share face value revised from Rs. 10/- to Rs. 1/-, and the warrant issue price adjusted...