Indo Thai Securities Converts 1,00,000 Warrants into 10 Lakh Equity Shares
Indo Thai Securities Ltd has completed the conversion of warrants into equity shares following its Preferential Allotment Committee meeting held on June 8, 2026. The company allotted a total of 10,00,000 equity shares based on the conversion of 1,00,000 Equity Convertible Warrants (ECWs).The allotment was executed after the receipt of the remaining 75% of the issue price, which was adjusted to Rs. 37.5 per share due to a previous stock split. The total aggregate consideration received for the equity shares amounted to Rs. 3,75,00,000/-.
The conversion process followed a ratio of one warrant converted into ten equity shares, reflecting adjustments made after the company's stock split.
Details of Equity Allotment
The allotment details are presented below:| Name of Allottee | No. of Warrants Allotted | No. of Eq. Shares Allotted | Amount Received (@ 75%) | Total Holding (Post) | Post Shareholding % |
|---|---|---|---|---|---|
| Saurabh Vora | 50,000 | 5,00,000 | 1,87,50,000 | 5,00,000 | 0.39% |
| Atithi Vora | 50,000 | 5,00,000 | 1,87,50,000 | 5,00,000 | 0.39% |
The allotment of the 10,00,000 equity shares was made pari-passu to the existing shareholders, consistent with terms approved during an Extraordinary General Meeting held on October 11, 2024. Both Saurabh Vora and Atithi Vora were categorized as Non Promoter investors in this transaction.
The Company's committee confirmed that the conversion of the warrants into equity shares has been completed, noting that the allotment was made upon receipt of the required funds against the adjusted issue price of Rs. 37.5 per share.
INDOTHAI Stock Price Movement
As of 11:40 AM, shares of Indo Thai Securities Limited are edging higher to ₹225.69, gaining 1.70% as the stock continues to climb in live trading. The equity sees healthy volume, with 576,148 shares changing hands in the ongoing market session.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.
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