Monitoring Agency Report on the utilization of proceeds raised through preferential issue, for quarter ended 31st March 2026.
INDOTHAI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, the monitoring agency, has confirmed that Indo Thai Securities Limited utilized Rs. 100.11 crore (out of Rs. 118.20 crore raised) from its preferential issue as of March 31, 2026. The funds were deployed for two purposes: augmenting margin deposits with stock exchanges and providing client funding (Rs. 88.20 crore utilized), and general corporate purposes (Rs. 11.91 crore utilized). The issue size was slightly reduced from Rs. 120.20 crore to Rs. 118.20 crore because one warrant allottee was cancelled. As of quarter end, the company has no unutilized funds remaining. There are zero deviations reported, no delays in implementation, and the full warrant conversion deadline is July 14, 2026.
This is a routine compliance filing with no red flags. The clean monitoring report with zero deviations and full utilization signals proper fund management, which is a positive indicator for existing shareholders and warrant holders.