Indo Thai Securities Limited announced another successful warrant conversion through its Preferential Allotment Committee meeting held on January 7, 2026. The committee approved the conversion of 40,000 equity convertible warrants into 4,00,000 equity shares, raising ₹1,12,80,000 from the allottee. This follows the company's previous warrant conversion completed on December 31, 2025, where 30.95 lakh shares were allotted to four different allottees.

Latest 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 remains at ₹1 per share due to this stock split. The allottee 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 Information and Shareholding

The warrant conversion involved a single non-promoter allottee, Girdharilal Jagetiya, who received the entire allocation of 4,00,000 shares. Following this conversion, the allottee holds a 0.39% stake in the company.

Meeting and Regulatory Compliance

The Preferential Allotment Committee meeting was conducted 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 6:00 PM and concluded at 6:30 PM on January 7, 2026.

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, with in-principle approvals from both BSE Limited and National Stock Exchange of India Limited dated July 3, 2024.

Securities Details and Post-Conversion Status

The newly allotted equity shares are pari-passu with the existing equity shares of the company. This represents a preferential issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws. 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.

With this conversion, Girdharilal Jagetiya has no outstanding warrants remaining for conversion, completing the warrant conversion process for this allottee. The company continues to maintain its compliance with all regulatory disclosure requirements for such corporate actions.

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.