News Orders & Deals Indo Thai Securities Limited Crosses 5% Shareholding Threshold in D&H India Limited Through Rights IssueIndo Thai Securities Limited Crosses 5% Shareholding Threshold in D&H India Limited Through Rights Issue
Indo Thai Securities Limited and its PACs acquired 8,84,186 equity shares of D&H India Limited through a rights issue on February 19, 2026, increasing their shareholding from 0.99% to 9.43%. The acquisition crossed the 5% threshold, triggering SEBI disclosure requirements. D&H India's share capital expanded from Rs. 8,18,80,000 to Rs. 10,23,50,000 following the rights issue.
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D&H India Limited has received a significant investment from Indo Thai Securities Limited and its associated entities through a rights issue transaction that crossed the regulatory disclosure threshold. The acquisition, completed on February 19, 2026, involved the purchase of 8,84,186 equity shares at a face value of Rs. 10 per share, pushing the acquirer group's shareholding beyond the 5% mark that triggers mandatory SEBI disclosure requirements.
Acquisition Details and Shareholding Structure
The acquisition was executed through a rights issue mechanism, with Indo Thai Securities Limited leading the investment alongside twelve Persons Acting in Concert (PACs). The group includes individual investors such as Dhanpal Doshi, Sadhana Doshi, Nishit Doshi, and several corporate entities including Indo Thai Realties Limited and Indo Thai Commodities Private Limited.
| Acquirer/PAC | Shares Acquired | Percentage of Total Capital |
|---|---|---|
| Indo Thai Securities Limited | 762162 | 37.23% |
| Indo Thai Commodities Private Limited | 33977 | 1.66% |
| Dhanpal Doshi | 16448 | 0.80% |
| Dhanpal Doshi HUF | 15582 | 0.76% |
| Prosperity Residency Private Limited | 13131 | 0.64% |
| Indo Thai Wealth Management Private Limited | 12683 | 0.62% |
| Total Acquisition | 884186 | 43.19% |
Pre and Post-Acquisition Holdings
Before the rights issue, the Indo Thai Securities group held a minimal stake of 80,765 shares, representing just 0.99% of D&H India's share capital. The substantial acquisition through the rights issue has dramatically increased their position to 9,64,951 shares, representing 9.43% of the expanded share capital.
| Holding Period | Number of Shares | Percentage Holding |
|---|---|---|
| Before Acquisition | 80765 | 0.99% |
| Shares Acquired | 884186 | 43.19% |
| After Acquisition | 964951 | 9.43% |
Impact on D&H India's Capital Structure
The rights issue has significantly expanded D&H India Limited's equity base. The company's share capital increased from Rs. 8,18,80,000 divided into 81,88,000 equity shares to Rs. 10,23,50,000 divided into 1,02,35,000 equity shares, each with a face value of Rs. 10.
Regulatory Compliance and Disclosure
The acquisition triggered disclosure requirements under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011. Indo Thai Securities Limited, represented by Director Dhanpal Doshi (DIN: 00700492), has filed the necessary disclosures with BSE Limited, where D&H India's shares are listed under scrip code 517514.
The disclosure confirms that Indo Thai Securities Limited does not belong to the promoter or promoter group of D&H India Limited, classifying this as an external investor acquisition. The transaction represents a significant vote of confidence in D&H India's business prospects and provides the company with additional capital for its operations and growth initiatives.
Historical Stock Returns for D&H India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.40% | -6.10% | -14.56% | -9.63% | -9.63% | +803.67% |
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