Monitoring Agency Report for the quarter ended 31 March 2025 - in relation to the Preferential Issue of Indo Thai Securities Limited
INDOTHAI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indo Thai Securities Limited has submitted the Monitoring Agency Report (issued by CARE Ratings Limited) on the use of funds raised through a preferential issue to non-promoter group entities, which closed in January 2025. The issue size was originally planned at Rs. 120.20 crore but came in at Rs. 118.20 crore after one allotee cancelled (9,04,000 equity shares worth Rs. 45.20 crore plus 14,60,000 convertible warrants worth Rs. 73 crore). The main stated object — augmenting margin deposits with stock exchanges, client funding, and proprietary trading — received Rs. 103.57 crore, while Rs. 14.63 crore was earmarked for general corporate purposes. By March 31, 2025, the company had received Rs. 76.85 crore in total, of which Rs. 53.16 crore was utilised during the quarter, leaving Rs. 23.69 crore unutilised (Rs. 10.15 crore parked in a liquid mutual fund, Rs. 13.40 crore in an HDFC allotment account, and a small balance in the monitoring account). The Monitoring Agency confirmed nil deviation from stated objects and no material issues.
This is a routine compliance filing with no negative signals — the Monitoring Agency confirmed proceeds are being used as promised, with no deviations. The remaining ~Rs. 41.35 crore of warrant money is still expected over the next 18 months as warrants convert, so shareholders should expect periodic updates on deployment. No direct impact on stock price is expected from this disclosure.