Warrants Lapse and Forfeiture by Indo Thai Securities

Warrants ConvertedFund Raising View source PDF Explain this filing

INDOTHAI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹217.00

prior close

₹217.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.2% vs market

Stockbroking & Allied peers, median of 38sector+0.3%-0.8% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.8 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.8

15m

-0.7

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.6-1.2+0.3-0.8

Next day

+0.9+0.2+0.7+0.2+0.7

+1.8-0.9+2.7+0.0+1.8

+1.4-0.3+1.7+0.5+0.9

+0.0+0.0-0.0-0.1+0.1

-0.0-1.1+1.1-0.8+0.8

-0.5-1.4+0.9-1.5+1.0

15d

-43.3+2.7-46.0-2.5-40.8

-66.3+3.6-69.8-1.1-65.1

-82.0+2.0-83.9-3.7-78.3

-84.7+1.1-85.7-4.3-80.4

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indo Thai Securities informed that 60,500 convertible warrants allotted to 2 allottees (Alpaben and Madhu Nanji Vekaria) in January 2025 have lapsed as they did not exercise conversion within 18 months. The 25 percent upfront subscription amount on these warrants will be forfeited. Separately, 99,500 warrants from these 2 holders were already converted into 9,95,000 equity shares post stock split. The company had originally allotted 14.6 lakh warrants to 26 allottees at about Rs 500 each.

Likely market impact

Mildly negative for the 2 non-converting allottees who lose their 25 percent upfront amount. Dilution from 6.05 lakh unallotted shares is avoided.