Indo Thai Securities Limited has informed the Exchange regarding Outcome of Board Meeting held on February 12, 2026.
INDOTHAI · price
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Awaiting price reaction for this filing.
Indo Thai Securities' Board met on February 12, 2026, and reviewed the Monitoring Agency report from CARE Ratings on the use of funds raised via its Rs. 118.20 crore preferential issue (originally planned at Rs. 120.20 crore; size reduced after one allottee cancelled). The issue, completed in January 2025, included equity shares and convertible warrants, with promoters Dhanpal Doshi and Paras Doshi at the helm. As of December 31, 2025, the company had received Rs. 100.11 crore and utilized Rs. 94.85 crore — Rs. 83.14 crore went toward augmenting exchange margins, client funding, and proprietary trading, while Rs. 11.71 crore was used for general corporate purposes such as commissions, GST, income tax, and rent. Rs. 5.26 crore remains unutilized, parked mostly in liquid mutual funds (Rs. 4.50 crore) with smaller balances in allotment and monitoring bank accounts.
This is a routine compliance filing showing the company is deploying raised funds as promised to investors. CARE Ratings confirmed no deviations from the stated objects, no shareholder approval issues, and no delays against the July 14, 2026 completion target — a mildly positive signal for shareholder confidence. No immediate stock price catalyst is expected, but the clean utilization report removes any near-term overhang from preferential issue funds misuse concerns.