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Indo Thai Securities Limited's Preferential Allotment Committee has approved the conversion of 3,09,500 warrants into 30,95,000 equity shares. These Re. 1/- face value shares were allotted after the company received the remaining 75% of the issue price. A total of Rs. 8.73 Cr (Rupees 8,72,79,000) was received from four warrant holders, including promoter group and non-promoter investors, at an adjusted price of Rs. 28.2 per warrant. This conversion follows a 10-equity-share-for-1-warrant ratio, adjusted for a stock split, and increases the company's equity base.