Indo Thai Securities Uses ₹100 Crore Preferential Funds, Trims Issue Size

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AuthorIshaan Verma|Published at:
Indo Thai Securities Uses ₹100 Crore Preferential Funds, Trims Issue Size
Overview

Indo Thai Securities' Board of Directors met on May 15, 2026, reviewing the Monitoring Agency Report from CARE Ratings. The company confirmed that Rs. 100.11 crore from its preferential issue has been fully utilized for augmenting margin deposits and general corporate purposes. The issue size was reduced slightly due to one allottee cancellation, though the company stated it has no material impact.

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Indo Thai Securities Confirms Fund Use and Size Adjustment

Indo Thai Securities has confirmed the full utilization of Rs. 100.11 crore raised through its preferential issue. The funds were allocated to bolster margin deposits and for general corporate purposes. This confirmation came after the company's Board of Directors reviewed a Monitoring Agency Report from CARE Ratings on May 15, 2026.

Fund Use Under Review

The Board of Directors met on May 15, 2026, to review the Monitoring Agency Report from CARE Ratings. This report covered the utilization of funds from the preferential issue as of March 31, 2026. The Board confirmed the funds were used according to the offer document's objectives.

Investor Assurance

This confirmation offers assurance to investors regarding the proper deployment of capital. It highlights the company's adherence to the intended use of funds raised through the preferential issue.

Original Fundraising Plan

The company initially announced a preferential issue in January 2025 with the goal of raising up to ₹120 crore. The funds were planned for augmenting margin deposits to support broking operations and for general corporate purposes. CARE Ratings was selected as the monitoring agency for this process.

Issue Size Adjustment

While the utilization of funds is confirmed, the issue size was slightly reduced. This adjustment, amounting to Rs. 120.20 crore down to Rs. 118.20 crore, was due to one allottee's cancellation. The company stated this change has no material impact.

Key Figures

Final Preferential Issue Size: Rs. 118.20 crore (as of Q4 FY26)
Total Funds Utilized: Rs. 100.11 crore (as of Q4 FY26)
Amount Used for Margin Deposits: Rs. 88.20 crore (as of Q4 FY26)

Looking Ahead

Investors will monitor subsequent quarterly reports from CARE Ratings on fund utilization. Future updates on Indo Thai Securities' capital structure and strategic initiatives will also be key. Tracking the company's progress in strengthening its margin deposit base and its overall capital management practices will be important.

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