Indo Thai Securities Limited allotted ₹2.35 crore worth of Non-Convertible Debentures (NCDs) under Tranche-I on October 7, 2026. The allotment comprises 235 secured, redeemable, unlisted, and unrated instruments with a face value of ₹1 lakh each.

The issuance was approved by the Debenture Issuance, Allotment and Redemption Committee during its meeting held on the same day. This action follows earlier intimations dated July 20, 2026, and September 12, 2026, regarding fund-raising through NCDs in one or more tranches via private placement.

Issuance Details

The securities are issued as unlisted instruments and will not be listed on any stock exchange. The debentures carry an exclusive floating charge over all present and future listed or unlisted shares and securities held as stock-in-trade and investments of the company. There are no special rights or privileges attached to these instruments.

Coupon Structure and Tenure

Investors in this tranche will receive interest payments either quarterly or annually, depending on the specific terms selected. The coupon rate is set at 9.50% or 9.90% per annum. The tenure of the instruments is either 370 days or 1,101 days from the date of allotment, leading to maturity dates of October 12, 2027, or October 12, 2029, respectively.

In the event of default in payment of interest or principal redemption on the due date, the company is liable to pay additional interest at the rate of 2% p.a. over the applicable interest rate for the defaulting period. The debentures are subject to full redemption at par upon maturity.

What the Numbers Show

The current allotment of ₹2.35 crore represents only 23.5% of the maximum permitted size for Tranche-I, which was capped at ₹10 crore (1,000 NCDs). This indicates that the company has utilized less than a quarter of the available capacity for this specific tranche, leaving room for further issuances within the same tranche structure if needed.

Indo Thai Securities Limited saw its promoter group holding increase to 21.24% of total share/voting capital following a minor open market acquisition. The combined stake of Dhanpal Doshi and Varsha Doshi rose from 21.18% prior to the transaction.

The disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was filed on September 30, 2026. The acquisition took place on September 29, 2026, involving a total of 80,000 equity shares.

Acquisition details

Dhanpal Doshi, the promoter, acquired 60,000 shares, increasing his personal holding to 12,765,000 shares or 9.85% of the voting capital. Varsha Doshi, part of the promoter group, acquired 20,000 shares, bringing her holding to 14,765,500 shares or 11.39%.

The mode of acquisition for both parties was the open market. No encumbrances, warrants, or convertible securities were involved in this transaction.

Capital structure context

The company's equity share capital remained unchanged at ₹12,96,18,190/-, divided into 12,96,18,190 equity shares of ₹1 each. The total diluted share/voting capital stands at ₹13,34,43,190/-, divided into 13,34,43,190 equity shares of ₹1 each.

What the numbers show

The incremental purchase of 80,000 shares represents a marginal 0.06% increase in the promoter group's aggregate stake. This small addition raises the combined holding from 21.18% to 21.24%, maintaining a stable control position without significant dilution impact on other shareholders given the static total share capital.