
Corporate Governance22 Oct 2026, 06:00 pm
Indo Thai Securities: No Deviation in Preferential Issue Funds
AI Summary
Indo Thai Securities Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through a preferential issue of warrants. The company raised Rs. 12,07,50,000 by issuing convertible warrants on July 3rd and 13th, 2026. These warrants are convertible into equity shares post-stock split. The funds were intended for augmenting margin deposits, providing funding to clients, pro-trading, and general corporate purposes. The monitoring agency, CARE Ratings Limited, has reviewed the utilization, and there are no comments from the Audit Committee or auditors regarding any deviation. The filing covers the quarter ended September 30th, 2026.
Key Highlights
- No deviation reported in the utilization of Rs. 12.075 Crore from preferential issue.
- Funds were raised via convertible warrants on July 3rd & 13th, 2026.
- Utilized for margin deposits, client funding, pro-trading, and general corporate purposes.
- Monitoring agency CARE Ratings Limited confirmed no variation.
- Filing covers the quarter ended September 30th, 2026.
Price Impact
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