Indo Thai Financial Services Limited has announced a significant increase in its authorised share capital. The company has raised its authorised share capital from ₹30 lakh to ₹15 crore. This move is part of the Scheme of Arrangement between Indo Thai Securities Limited and Indo Thai Financial Services Limited, as per the observation letters issued by the National Stock Exchange of India Limited and BSE Limited.
The authorised share capital has been increased from ₹30,00,000, divided into 30 lakh equity shares of ₹1 each, to ₹15,00,00,000, divided into 15 crore equity shares of ₹1 each. This increase in share capital is aimed at supporting the company’s future growth and expansion plans.
The disclosure of this material information is in compliance with the requirements set forth under the observation letters and the SEBI (LODR) Regulations, 2015, which mandate continuous disclosure of material information about the subsidiaries.
Indo Thai Securities Limited, the demerged company, is ensuring that all necessary information regarding the resulting company, Indo Thai Financial Services Limited, is made public to keep shareholders and the general public informed.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).