Announced Tue, 14 Jul · 16:36 IST
60,500 convertible warrants lapse; 25% upfront amount forfeited
Fund Raising View source PDF
INDOTHAI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹217.00
prior close
₹217.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.8-0.7-0.5+0.9+1.8+1.4+0.0-0.0-0.5————
Up moveDown movePending
AI summary
Indo Thai Securities had allotted 14,60,000 convertible warrants at Rs. 500 each (later Rs. 50 after stock split) to 26 allottees in January 2025. Two allottees failed to convert 60,500 warrants within the 18 month window ending 13 July 2026. These warrants have now lapsed, the 25 percent upfront amount of about Rs. 7.56 lakh is forfeited, and 6,05,000 equity shares will not be allotted.
Likely market impact
Minor equity dilution avoided. Forfeited amount of about Rs. 7.56 lakh stays with the company as income. Marginally positive for shareholders.