Indo Thai Securities Allots 15 Lakh Shares on Warrant Conversion

Indo Thai Securities Limited announced the allotment of 15,00,000 equity shares following the conversion of 1,50,000 warrants. This conversion is based on the receipt of the remaining 75% of the issue price. The shares were allotted at a face value of ₹1 each, adjusted post-stock split. The total consideration received for this allotment amounts to ₹5,62,50,000. The company's Preferential Allotment Committee approved this conversion and allotment. The shares are pari-passu to existing equity shares and were approved by shareholders in an EGM on October 11, 2024.