Monitoring Agency Report for the quarter ended 31st December 2025 - in relation to the Preferential Issue of Indo Thai Securities Limited
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Indo Thai Securities has filed the quarterly Monitoring Agency Report from CARE Ratings for its Preferential Issue, which raised Rs. 118.20 crore (down from Rs. 120.20 crore after one allottee cancelled) through 9.04 lakh equity shares (Rs. 45.20 cr) and 14.60 lakh convertible warrants (Rs. 73 cr). The company has received Rs. 100.11 crore so far and utilized Rs. 94.85 crore, with Rs. 5.26 crore still unutilized and parked in liquid mutual funds and bank accounts. During Q3FY26 alone, Rs. 13.21 crore was received (from warrant conversions) and Rs. 10.33 crore was deployed. The Monitoring Agency confirmed zero deviation from the stated objects, which are augmenting margin deposits with stock exchanges, funding clients, pro trading (Rs. 103.57 cr revised), and general corporate purposes like GST, income tax, rent, and commissions (Rs. 14.63 cr revised).
The clean report with no deviations is a positive signal on governance and proper use of funds, though the relatively large unutilized balance (Rs. 5.26 cr) and ongoing warrant conversions may add some share supply pressure. Shareholders can take comfort that funds are being deployed on schedule and remain parked safely in liquid funds while waiting to be used.