Indo Thai Securities Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
INDOTHAI · price
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Awaiting price reaction for this filing.
Indo Thai Securities has submitted a yearly compliance disclosure for FY ended 31st March 2025 under SEBI's takeover regulations. Promoters Mr. Parasmal Doshi and Mr. Dhanpal Doshi, along with their persons acting in concert (PACs), have declared that they did not create any encumbrance (pledge, lien, etc.) on their shares during the financial year. The only restriction noted is that certain shares held by PACs — 5,60,000 shares of Sarthak Doshi and 5,77,000 shares of Nishit Doshi — are under lock-in until 30th April 2025 due to a past preferential issue under Regulation 167 of the SEBI ICDR Regulations. This is a routine annual compliance filing and no new encumbrances or share transactions have been reported.
This is a routine compliance filing and is largely neutral for shareholders. The good news is that promoters have not pledged or encumbered their shares during the year, signalling no immediate financial stress at the promoter level. However, about 11.37 lakh shares held by PACs will exit lock-in by 30th April 2025, which could add some supply to the market.