Indo Thai Securities Limited has informed the Exchange regarding allotment of 1010000 securities pursuant to Preferential Issue at its Preferential Allotment Committee meeting held on August 29, 2025
INDOTHAI · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.3 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indo Thai Securities has allotted 10,10,000 equity shares (face value Rs. 1 each) on August 29, 2025, following the conversion of 1,01,000 warrants by 3 non-promoter holders. Each warrant was converted into 10 shares due to a recent stock split (face value reduced from Rs. 10 to Rs. 1, effective July 18, 2025). The company received Rs. 3.79 crore as the remaining 75% payment at the issue price of Rs. 37.5 per share (post-split). Allottees are Keval Naveenchandra Doshi (4.5 lakh shares), Priyanka Jain (60,000 shares), and Harsh Vora (5 lakh shares), together holding 0.84% post-allotment. The original preferential issue was approved by shareholders at an EGM on October 11, 2024.
This is a routine warrant conversion that brings in Rs. 3.79 crore to the company and causes a minor dilution of about 0.84% for existing shareholders. Since the price and terms were pre-approved, it is unlikely to materially move the stock price.