Indo Thai Securities Limited has informed the Exchange regarding Outcome of Preferential Allotment Committee Meeting held on April 17, 2025, for allotment of 1,67,000 Equity Shares pursuant to conversion of Warrants.
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Indo Thai Securities Limited has allotted 1,67,000 equity shares to 4 non-promoter warrant holders who exercised their right to convert warrants into shares at Rs. 500 per share (face value Rs. 10 + premium Rs. 490). The company received the remaining 75% amount (Rs. 375 per warrant) totalling Rs. 6.26 crore. The allottees are Kalpana Bai Jain (25,000 shares), Jatinkumar M Shah (1,00,000 shares), Sanghvi Rakesh Dhireshbhai (15,000 shares), and Alpaben (27,000 shares). This conversion was approved at an EGM held on October 11, 2024, and had received in-principle approvals from BSE and NSE in January 2025.
This is a routine warrant-to-equity conversion that increases the equity share base by 1,67,000 shares (a small dilution). All allottees are non-promoters with negligible post-allotment holdings (under 1% each), so there is no significant change in control. The stock price impact is expected to be minimal as this was a pre-approved conversion.