Indo Thai Securities Limited disclosed that its promoters and persons acting in concert (PACs) have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. The company submitted the yearly disclosures required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the stock exchanges and its audit committee. The filing confirms the status of shares held by key promoter group members, including specific lock-in periods applicable to certain shares held by PACs.

Shareholding Disclosures

The disclosures were submitted by Mr. Parasmal Doshi, Promoter, Chairman & Whole-Time Director, and Mr. Dhanpal Doshi, Promoter and Managing Director. Both promoters confirmed that they, along with their respective PACs, did not pledge or encumber any shares directly or indirectly during FY26. However, the declarations noted that specific shares held by PACs are subject to lock-in restrictions pursuant to Regulation 167 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Lock-in Details

The following shares held by PACs are currently under lock-in, restricting their free and marketable title:

Promoter Group Structure

The disclosures identified the individuals included in the promoter group and PACs for each promoter. For Mr. Dhanpal Doshi, the group includes Dhanpal Doshi HUF, Mrs. Sadhana Doshi, and Mr. Nishit Doshi. For Mr. Parasmal Doshi, the group comprises Paras Doshi HUF, Mrs. Varsha Doshi, and Mr. Sarthak Doshi. The company forwarded these declarations to BSE Limited and National Stock Exchange of India Ltd. on April 08, 2026.

Indo Thai Securities Limited converted 1,00,000 warrants into 10,00,000 equity shares on June 8, 2026, following a Preferential Allotment Committee meeting. The conversion, adjusted for a stock split, resulted in the allotment of 10 equity shares for every 1 warrant held at a face value of Re. 1 each. The company received ₹3,75,00,000, representing 75% of the issue price, from two non-promoter allottees.

The allotment was approved by the committee at the company's registered office in Indore. The conversion price was adjusted to ₹37.5 per share from ₹375 per warrant due to a stock split effective July 18, 2025, which reduced the face value from ₹10 to Re. 1. The shares were allotted pari-passu to existing equity shares, pursuant to shareholder resolutions passed in an Extra-Ordinary General Meeting on October 11, 2024, and in-principle approvals from BSE Limited and the National Stock Exchange of India Ltd dated January 1, 2025.

The following table details the allotment:

The preferential issue was conducted in accordance with Chapter V of the SEBI ICDR Regulations. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 11:00 A.M. and concluded at 11:30 A.M.