Indo Thai Securities Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
INDOTHAI · price
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Awaiting price reaction for this filing.
Indo Thai Securities Limited held its 374th Board Meeting on August 14, 2025, where the board considered the Monitoring Agency (CARE Ratings) report on the use of proceeds from its Rs. 118.20 crore preferential issue conducted in January 2025. The issue comprised 9.04 lakh equity shares (Rs. 45.20 crore) and 14.6 lakh convertible warrants (Rs. 73 crore), reduced from the original Rs. 120.20 crore target after one allottee cancelled. As of June 30, 2025, the company has received Rs. 83.11 crore, utilized Rs. 62.20 crore cumulatively, and has Rs. 20.91 crore unutilized (Rs. 20.73 crore in liquid mutual funds and Rs. 0.18 crore in the monitoring account). No deviation from the stated objects was reported, and full deployment is targeted by July 14, 2026.
This is a routine compliance disclosure with a clean Monitoring Agency report confirming no deviation from stated use of funds, which is mildly reassuring for shareholders. No material impact on the stock price is expected from this filing.