Scrip Code / Symbol: BSE: 533676 / NSE: INDOTHAI

Nature and Purpose of the Meeting

Meeting of the Preferential Allotment Committee was held to approve the conversion of warrants into equity shares and subsequent allotment of shares to warrant holders who paid the remaining 75% of the issue price.

Details of Resolutions Passed

The Committee approved:

1. Conversion of 1,72,000 warrants into 17,20,000 equity shares (adjusted after stock split - 10 equity shares for every 1 warrant)

2. Allotment of 17,20,000 equity shares of face value ₹1 each (post stock split from ₹10 to ₹1 effective 18th July, 2025)

3. Conversion price of ₹37.5 per share (adjusted from original ₹375 per warrant due to stock split)

Financial Impact

Total capital raised: ₹6,45,00,000 (from 75% payment of issue price)

Total shares allotted: 17,20,000 equity shares

Timing of the Meeting

Meeting commenced at 18:00 PM and concluded at 18:40 PM on 13th July, 2026

Compliance References

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Chapter V of SEBI ICDR Regulations
  • Companies Act and other applicable laws
  • Based on shareholder approval from Extra-Ordinary General Meeting held on 11th October, 2024
  • Pursuant to in-principle approvals from BSE Limited and National Stock Exchange of India Ltd dated 1st January, 2025

Detailed Allotment Information

| Investor Name | Warrants Converted | Equity Shares Allotted | Amount Paid (₹) | Post-Allotment Holding | Holding % | Warrants Outstanding | Category |

| Ashu Bishnoi | 2,30,000 | 11,00,000 | 4,12,50,000 | 23,00,000 | 1.73% | 0 | Non Promoter |

| Frenzy Commercial Private Limited | 1,50,000 | 2,50,000 | 93,75,000 | 15,00,000 | 1.13% | 0 | Non Promoter |

| Madhu Nanji Vekaria | 50,000 | 2,70,000 | 1,01,25,000 | 2,70,000 | 0.20% | 23,000 | Non Promoter |

| Rohan Desai | 10,000 | 1,00,000 | 37,50,000 | 1,00,000 | 0.08% | 0 | Non Promoter |

| Total | 4,40,000 | 17,20,000 | 6,45,00,000 | 41,70,000 | 3.14% | 23,000 | |

Additional Information

  • All allottees are classified as Non-Promoters
  • Face value of shares: ₹1 each (post stock split)
  • Total outstanding shares increased by 3.14%
  • 23,000 warrants remain outstanding for conversion (held by Madhu Nanji Vekaria)
  • The meeting was held at the registered office: Capital Tower, 02nd Floor, Plot Nos. 169A-171, PU-4, Scheme No. 54, Behind C-21 Mall, Indore – 452010 (M.P.)

Not Covered in Document

  • Use of proceeds from the fund raise
  • Future plans for remaining warrant conversions
  • Impact on earnings per share or other financial metrics