Indo Thai Securities Limited announced the successful completion of warrant conversion through its Preferential Allotment Committee meeting held on December 31, 2025. The committee approved the conversion of 3,09,500 equity convertible warrants into 30,95,000 equity shares, raising ₹8,72,79,000 from the allottees.

Warrant Conversion Details

The conversion was executed at a 10:1 ratio, where each warrant was converted into 10 equity shares following the company's stock split implemented on July 18, 2025. The face value of each equity share was revised from ₹10 to ₹1 per share due to this stock split. The allottees paid the remaining 75% of the issue price, amounting to ₹28.20 per share (adjusted from ₹282 per warrant due to the stock split).

Allottee Breakdown and Shareholding

The warrant conversion involved four allottees, comprising both promoter group members and non-promoter investors. The largest allocation went to Intellect Money Finvest Private Limited, receiving 20,00,000 shares for ₹5,64,00,000.

Regulatory Compliance and Meeting Details

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The conversion was based on terms approved by shareholders through a resolution passed in the Extra-Ordinary General Meeting held on June 7, 2024. The company had received in-principle approvals from both BSE Limited and National Stock Exchange of India Limited on July 3, 2024.

The Preferential Allotment Committee meeting was held at the company's registered office at Capital Tower, 2nd Floor, Plot Nos. 169A-171, PU-4, Scheme No. 54, Behind C-21 Mall, Indore – 452010 (M.P.). The meeting commenced at 11:00 AM and concluded at 11:30 AM on December 31, 2025.

Post-Conversion Status

The newly allotted equity shares are pari-passu with the existing equity shares of the company. Following this conversion, no warrants remain outstanding for conversion, indicating the completion of the entire warrant conversion process for these allottees. The company has filed the necessary disclosures with both BSE Limited (Scrip Id: 533676) and National Stock Exchange of India Limited (Symbol: INDOTHAI) as per regulatory requirements.

Indo Thai Securities Limited (ITSL) has announced a significant corporate restructuring move alongside its financial results for the second quarter. The company's board has approved a demerger of its Broking & Distribution (B&D) undertaking into a wholly-owned subsidiary, Indo Thai Financial Services Limited (ITFSL), in a strategic move aimed at unlocking value and enhancing operational focus.

Demerger Details

The demerger plan involves the following key aspects:

• Share Exchange Ratio: Shareholders will receive 1 equity share of ITFSL for every 1 share held in ITSL.
• Business Scope: The B&D undertaking encompasses all assets, liabilities, contracts, employees, and operations related to the broking and distribution business.
• Financial Significance: For the year ended March 31, the B&D division generated a turnover of INR 26.72 crores, representing 99.60% of ITSL's total standalone turnover.

Rationale and Expected Benefits

The company cited several strategic reasons for the demerger:

1. Focused Operations: Enabling ITFSL to concentrate on the B&D business with greater specialization.
2. Streamlined Structure: Allowing ITSL to enhance its remaining business operations.
3. Value Unlocking: Facilitating focused growth and potentially creating significant stakeholder value.
4. Tailored Capital Allocation: Enabling distinct approaches to capital and balance sheet management for each business.

Shareholding Impact

Post-demerger, ITFSL's shareholding structure is expected to mirror that of ITSL:

Regulatory Approvals and Listing

The demerger scheme is subject to various approvals:

• Shareholders
• National Company Law Tribunal
• Securities and Exchange Board of India (SEBI)
• BSE Limited and National Stock Exchange of India Limited

ITFSL plans to seek listing on both BSE and NSE, subject to regulatory approvals.

Q2 Financial Results

In the same board meeting, ITSL approved its unaudited standalone and consolidated financial results for Q2 and the half-year ended September 30. However, specific financial figures were not disclosed in the provided information.

Conclusion

This strategic move by Indo Thai Securities Limited represents a significant shift in its corporate structure, potentially positioning both ITSL and ITFSL for more focused growth in their respective areas. Investors and market watchers will likely keep a close eye on the execution of this demerger and its impact on the company's future performance.

As the process unfolds, further details on the financial implications and operational changes are expected to emerge, providing a clearer picture of the potential benefits for all stakeholders involved.