Indo Thai Securities Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update on Femto Green Hydrogen Limited, a Subsidiary Company of Indo Thai Securities Limited'.
INDOTHAI · price
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Indo Thai Securities informed exchanges that its subsidiary, Femto Green Hydrogen Limited, has received a communication from Dr. Manoj S. Patankar, Director of CREATE at Purdue University, proposing a Letter of Intent (LOI). The proposed LOI sets out a framework for structured research collaboration and technical validation to further evaluate and advance green hydrogen technology between the two parties. This is at the research and evaluation stage, not a binding commercial agreement. The company clarified that this disclosure is being made for transparency and should not be treated as unpublished price-sensitive information.
This is a preliminary, non-binding research collaboration at the subsidiary level and is unlikely to have a material impact on the stock price. Investors should note that Indo Thai Securities is primarily a securities brokerage firm, and this green hydrogen venture through its subsidiary remains exploratory and far from generating revenue.