Indo Thai Securities Limited — QIP/Rights/Pref., 29-03-2025: Allotment of Securities

Indo Thai Securities Limited's Preferential Allotment Committee has approved the conversion of 3,57,200 equity convertible warrants into the same number of fully paid equity shares at an issue price of Rs. 500 per share. The total funds raised through this conversion amount to Rs. 13.39 crore. This conversion represents a strategic move to enhance capital and shareholder value, reflecting confidence from investors. The share allocation, predominantly to non-promoters, may encourage investor sentiment as it signals active participation in the company's equity and supports liquidity. Overall, this development could bolster financial health and prospects for growth moving forward.