Indo Thai Securities Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 02, 2025. Further, the company has informed the Exchange regarding voting results.
INDOTHAI · price
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Indo Thai Securities held its first EGM of FY 2025-26 on July 2, 2025 via video conferencing, where all 5 resolutions were passed with near-unanimous approval (over 99.99% in favor). Key resolutions included: alteration of the main object clause and capital clause of the Memorandum of Association, sub-division/split of equity shares, increase in borrowing limits under Section 180(1)(C), and creation of charge/mortgage on company assets under Section 180(1)(a). Out of 5,651 shareholders on record date, 41 attended the meeting through video conferencing. Promoters holding 72.18 lakh shares voted 100% in favor of all resolutions.
The stock split will reduce the per-share price and improve retail affordability and liquidity. The borrowing limit increase signals the company may raise additional debt, while the main object clause change hints at potential business diversification. Overall, these are structural moves rather than immediate fundamental changes.