Indo Thai Securities Completes Preferential Allotment: 17.2 Lakh Shares Allotted via Warrant Conversion
Indo Thai Securities Limited announced that its Preferential Allotment Committee approved the conversion of warrants into equity shares on July 13, 2026. The allotment involved issuing 17,20,000 equity shares following the conversion of 4,40,000 Equity Convertible Warrants (ECWs).The company reported that the equity shares have a current face value of Rs. 1/- each, which is adjusted from the previous face value of Rs. 10/- due to a prior stock split executed on July 18, 2025. The conversion was completed after receiving the required 75% of the issue price for these warrants.
The transaction involved four non-promoter allottees. The total amount received from the conversion process amounted to Rs. 6,45,00,000/-. Each warrant conversion was conducted at an adjusted price of Rs. 37.5/- (corresponding to Rs. 375/- per warrant).
The key details of the allotment are presented below:
| Allottee Name | Warrants Allotted | Equity Shares Allotted | Amount Received @ 75% | Total Share Holding | Post Shareholding % | Outstanding Warrants | Category |
|---|---|---|---|---|---|---|---|
| Ashu Bishnoi | 2,30,000 | 11,00,000 | 4,12,50,000 | 23,00,000 | 1.73 | 0 | Non Promoter |
| Frenzy Commercial Private Limited | 1,50,000 | 2,50,000 | 93,75,000 | 15,00,000 | 1.13 | 0 | Non Promoter |
| Madhu Nanji Vekaria | 50,000 | 2,70,000 | 1,01,25,000 | 2,70,000 | 0.20 | 23,000 | Non Promoter |
| Rohan Desai | 10,000 | 1,00,000 | 37,50,000 | 1,00,000 | 0.08 | 0 | Non Promoter |
| Total | 4,40,000 | 17,20,000 | 6,45,00,000 | 41,70,000 | 3.14 | 23,000 |
The allotment was executed in a 1 warrant to 10 equity shares ratio, which aligns with the terms approved by shareholders during an Extra-Ordinary General Meeting held on October 11, 2024. This conversion is pari passu to the existing equity shares of the company.
The meeting of the Preferential Allotment Committee was conducted from 18:00 P.M. and concluded at 18:40 P.M.
INDOTHAI Stock Price Movement
Indo Thai Securities Limited saw a slight decline in share prices today, settling at ₹216.93 after shedding 0.65%. The stock traded during the session between a low of ₹213 and a high of ₹220.34, with total volume reaching 589,194 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.