Indo Thai Securities Ltd Completes Preferential Allotment: 15 Lakh Equity Shares Allotted Via Warrant Conversion
Indo Thai Securities Limited announced the successful outcome of its Preferential Allotment Committee meeting held on July 3, 2026. The committee approved and finalized the conversion of warrants into equity shares, resulting in the allotment of 15,00,000 equity shares.The allotment followed the process initiated through the conversion of 1,50,000 Equity Convertible Warrants. Following a stock split, which revised the face value of each equity share from Rs. 10/- to Rs. 1/-, the company allotted 15,00,000 equity shares for every warrant converted.
The conversion was completed upon receipt of the remaining amount equivalent to 75% of the issue price. The adjusted issue price per warrant corresponded to Rs. 37.5 (originally Rs. 375) after the stock split adjustment.
Details regarding the allotment and investment are provided in the table below:
| Allotee Name | Warrants Allotted | Equity Shares Allotted | Amount Received @ 75% Rate | Total Holding Pre & Post | Post Shareholding % |
|---|---|---|---|---|---|
| Ashu Bishnoi | 2,30,000 | 10,00,000 | Rs. 3,75,00,000 | 12,00,000 | 0.92 |
| Frenzy Commercial Private Limited | 1,50,000 | 5,00,000 | Rs. 1,87,50,000 | 12,50,000 | 0.95 |
| Total | 3,80,000 | 15,00,000 | Rs. 5,62,50,000 | 24,50,000 | 1.87 |
The allotment was executed in pari-passu to the existing equity shares of the company.
As of the conversion on July 3, 2026, while 15,00,000 equity shares were allotted through this preferential issue, there are 1,35,000 warrants outstanding for conversion.
INDOTHAI Stock Price Movement
As of 1:54 PM, shares of Indo Thai Securities Limited are rallying in live trading, currently edging up to ₹256.79 after gaining 3.37%. The equity activity remains robust as the stock trades well above its intraday lows with a volume exceeding 958,000 shares recorded during this 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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