Indo Thai Securities Limited announced the outcome of its Preferential Allotment Committee Meeting held on January 10, 2026. The committee approved the conversion of 20,000 Equity Convertible Warrants into 2,00,000 equity shares. This conversion follows the receipt of the remaining 75% of the issue price, amounting to ₹37.5 per warrant (adjusted for stock split).

The stock split, effective July 18, 2025, revised the face value of each equity share from ₹10 to ₹1. Consequently, 10 equity shares are allotted for every 1 warrant converted.

The allotment of 2,00,000 equity shares is on a pari-passu basis with existing shares, as previously approved by shareholders in an Extra-Ordinary General Meeting on October 11, 2024, and with in-principle approvals from BSE and NSE dated January 1, 2025.

Ashu Bishnoi was allotted 2,00,000 equity shares, receiving ₹75,00,000 as the balance 75% payment. Post-allotment, Ashu Bishnoi holds 2,00,000 equity shares, representing 0.15% of the company's post-allotment equity. The company has 2,10,000 warrants outstanding for conversion.

The Preferential Allotment Committee meeting commenced at 2:30 PM and concluded at 3:00 PM on January 10, 2026.