Indo Thai Securities Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 02, 2025
INDOTHAI · price
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Indo Thai Securities Limited held its 1st Extra-Ordinary General Meeting of FY2025-26 on July 2, 2025, via video conferencing, with 41 members attending. The meeting lasted just 10 minutes (4:00 PM to 4:10 PM), and all five special business resolutions were passed with the requisite majority. Key items approved include altering the Main Object and Capital Clauses of the Memorandum of Association, sub-division/split of equity shares, increasing the borrowing limit under Section 180(1)(c), and creating charges on company assets under Section 180(1)(a). Voting was conducted through remote e-voting from June 29 to July 1, 2025, with combined results to be shared with stock exchanges shortly.
Shareholders should watch for the upcoming stock split announcement, which could improve liquidity and make shares more affordable. The increased borrowing limit and asset charge approvals suggest the company may raise debt for expansion, while the object clause change hints at possible entry into new business areas.