Indo Thai Securities Limited has informed the Exchange regarding Board meeting held on May 15, 2025.
INDOTHAI · price
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The board of Indo Thai Securities Limited met on May 15, 2025, and approved the Monitoring Agency report by CARE Ratings on the use of funds from its preferential issue. The company had raised Rs. 118.20 crore in January 2025 (originally planned Rs. 120.20 crore, reduced after one allottee cancelled) through 9,04,000 equity shares and 14,60,000 convertible warrants. Of the Rs. 76.85 crore actually received by March 31, 2025, Rs. 53.16 crore has been deployed — Rs. 45.79 crore toward augmenting stock exchange margins, client funding, and proprietary trading, and Rs. 7.37 crore toward general corporate purposes (clearing HDFC overdrafts, bank guarantee commissions, and a transfer to Aaditya Birla Finance). The remaining Rs. 23.69 crore sits in liquid mutual funds (Rs. 10.15 crore) and bank accounts. There are no deviations from the stated objects, and the implementation timeline runs until July 2026.
This is a routine compliance update showing funds raised via the preferential issue are being used as promised, with no deviation or related-party misuse. Investors may note that roughly Rs. 23.69 crore is still unutilized and parked in liquid instruments, awaiting deployment over the coming quarters — a neutral to mildly positive signal on fund management discipline.