Indo Thai Securities Limited has informed the Exchange regarding allotment of 2000000 shares pursuant to conversion of warrants into equity shares at its Preferential Allotment Committee Meeting held on July 30, 2025
INDOTHAI · price
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Indo Thai Securities has allotted 20,00,000 equity shares to Intellect Money Finvest Private Limited after converting 2,00,000 warrants into equity at a 1:10 ratio (1 warrant = 10 shares), following the recent stock split that reduced face value from Rs. 10 to Rs. 1 per share. The company received Rs. 5.64 crore as the remaining 75% payment at Rs. 28.2 per share (adjusted price). The Preferential Allotment Committee approved this conversion on July 30, 2025. After allotment, the allottee's shareholding in the company stands at 1.66%, and 2,00,000 warrants remain outstanding for future conversion.
Existing shareholders face equity dilution of 1.66% to a non-promoter entity, while the company strengthens its capital base by Rs. 5.64 crore. Investors should note that 2 lakh warrants are still pending conversion, meaning further dilution is possible.