Indo Thai Securities Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on July 02, 2025
INDOTHAI · price
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Indo Thai Securities has called an Extra-Ordinary General Meeting (EGM) on July 2, 2025, at 4:00 PM via video conferencing, with the cut-off date for voting eligibility set as June 24, 2025. The key item on the agenda is a sub-division (stock split) of equity shares from a face value of Rs. 10 to Rs. 1, converting every 1 share into 10 shares, aimed at improving liquidity and making shares more affordable for retail investors. The company also proposes to alter its Main Object Clause to add financial advisory, research analyst, and investment advisory services as a new business vertical. Additionally, shareholders will vote on raising the company's borrowing limit to Rs. 500 crore and on enabling the creation of charges on company assets to support such borrowings. The authorized share capital will also be updated to Rs. 15 crore divided into 15 crore equity shares of Rs. 1 each to reflect the post-split structure.
If approved, the 1:10 stock split will lower the per-share price, potentially increasing retail participation and liquidity, though it does not change the company's overall market value. The proposed diversification into research and investment advisory could open new revenue streams, while the higher borrowing ceiling signals capacity for future expansion or business growth.