Corporate Action13 Jul 2026, 07:40 pm
Indo Thai Securities Allots 17.2 Lakh Shares Post Warrant Conversion
AI Summary
Indo Thai Securities Ltd announced the allotment of 17,20,000 equity shares following the conversion of warrants. This action was approved by the Preferential Allotment Committee on July 13, 2026. The conversion involved 1,72,000 warrants, with each warrant converting into 10 equity shares post-stock split. The face value of each share is now Rs. 1, revised from Rs. 10. The total consideration received for this allotment is ₹6,45,00,000. The allotment is pari-passu with existing shares and was approved by shareholders in an EGM on October 11, 2024, with prior in-principle approvals from BSE and NSE.
Key Highlights
- 17,20,000 equity shares allotted post-warrant conversion.
- Conversion ratio is 1 warrant to 10 equity shares.
- Total consideration received is ₹6,45,00,000.
- Face value per share is Rs. 1 post-stock split.
- Allotment approved by Preferential Allotment Committee.
Price Impact
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