Indo Thai Securities Approves NCD Issuance Up to ₹10 Cr

Indo Thai Securities Limited's Debenture Issuance, Allotment and Redemption Committee approved the issuance of Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) up to ₹10 Crore. The company executed the Debenture Trust Deed and Deed of Hypothecation with Axis Trustee Services Limited as the Debenture Trustee. The purpose is to create a floating charge over the company's shares and securities to secure the NCDs. The agreement includes terms for asset cover, security perfection, and a negative pledge.