Indo Thai Securities Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
INDOTHAI · price
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Indo Thai Securities Limited held its first Extra-Ordinary General Meeting (EGM) of FY 2025-26 on 2nd July 2025 via video conferencing, with 41 members present and all five special business resolutions passed with the required majority. The approved items include an alteration in the Main Object Clause of the Memorandum of Association (MOA), an alteration in the Capital Clause of the MOA, a sub-division or stock split of equity shares, an increase in the company's borrowing limits under Section 180(1)(C) of the Companies Act, 2013, and approval to create charges, mortgages, or hypothecation on the company's assets under Section 180(1)(a). Voting was conducted through remote e-voting from 29th June to 1st July 2025, along with electronic voting at the meeting, with CS Kaushal Ameta & Co. acting as the scrutinizer. The combined voting results will be submitted to the stock exchanges and uploaded on the company's website.
Shareholders should note the approval of a stock split and MOA changes, which may lead to a change in the face value of shares and potentially affect liquidity and stock price. The increased borrowing limit signals the company may raise more debt in the future, which could fund business expansion but also raise leverage.