Indo Thai Securities Limited has informed the Exchange regarding allotment of equity shares pursuant to Preferential Issue at its meeting held on January 07, 2026
INDOTHAI · price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.6 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indo Thai Securities has allotted 4,00,000 equity shares to a non-promoter investor, Girdharilal Jagetiya, following the conversion of 40,000 warrants (each warrant converts into 10 shares post the recent stock split). The company received the remaining 75% consideration of Rs. 28.2 per share (adjusted after the stock split from Rs. 10 to Rs. 1 face value), aggregating Rs. 1.13 crore. The warrants were originally issued under a preferential issue approved by shareholders at an EGM in June 2024. Post allotment, the allottee holds 0.39% in the company, and no warrants remain outstanding for further conversion.
This is a routine warrant conversion bringing in Rs. 1.13 crore of additional capital with a small dilutive effect on existing shareholders. The fact that no warrants remain outstanding removes any future dilution overhang, which is mildly positive.