Indo Thai Securities Limited has 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 from warrant holders. The face value of each equity share has been revised from ₹10 to ₹1, effective July 18, 2025, due to a stock split. Consequently, 10 equity shares are now allotted for every 1 warrant. The allotment of these 2,00,000 equity shares is made on a pari-passu basis with existing shares, as per the approvals from shareholders in the Extra-Ordinary General Meeting held on October 11, 2024, and the in-principle approvals from BSE Limited and the National Stock Exchange of India Ltd. dated January 1, 2025.

One warrant holder, Ashu Bishnoi, was allotted 2,00,000 equity shares. The total amount received for this conversion was ₹75,00,000, with each share having a face value of ₹1. Post-allotment, Ashu Bishnoi holds 2,00,000 shares, representing 0.15% of the total equity. The company still 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.