Indo Thai Securities Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.
INDOTHAI · price
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Indo Thai Securities held its 380th Board Meeting on May 15, 2026, to review the Monitoring Agency Report for the Rs. 118.20 crore preferential issue completed in January 2025. CARE Ratings Limited, as the monitoring agency, confirmed no deviations in fund utilization. The proceeds were deployed for augmenting margin deposits with stock exchanges, providing client funding, and general corporate purposes. Of the Rs. 100.11 crore received (equity shares fully received at Rs. 45.20 crore; warrants received in tranches), Rs. 94.85 crore has been utilized with Rs. 5.26 crore utilized in Q4FY26. As of March 31, 2026, no balance remains pending. The original target was Rs. 120.20 crore but reduced to Rs. 118.20 crore due to cancellation of one allotee affecting convertible warrants.
The filing confirms proper deployment of preferential issue proceeds with no deviations or delays, indicating compliance with stated objects. This is a routine compliance update with no direct material impact on the stock in the near term.