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 considered and approved:

1. Conversion of 1,50,000 warrants into 15,00,000 equity shares (adjusted after stock split - 10 equity shares for every 1 warrant) of face value ₹1 each

2. Allotment of 15,00,000 equity shares pursuant to conversion of warrants in the ratio of 1 warrant converted into 10 equity shares

Financial Impact

Total capital raised: ₹5,62,50,000 (Five Crore Sixty-Two Lakh Fifty Thousand Rupees)

Issue price per warrant: ₹375 (adjusted to ₹37.5 per share due to stock split)

Details of Allotment

| Sr. No | Investor Name | Warrants Converted | Equity Shares Allotted | Amount Paid (₹) | Post-Allotment Holding | Holding % | Warrants Outstanding | Category |

| 1 | Ashu Bishnoi | 1,00,000 | 10,00,000 | 3,75,00,000 | 12,00,000 | 0.92% | 1,10,000 | Non-Promoter |

| 2 | Frenzy Commercial Private Limited | 50,000 | 5,00,000 | 1,87,50,000 | 12,50,000 | 0.95% | 25,000 | Non-Promoter |

| Total | | 1,50,000 | 15,00,000 | 5,62,50,000 | 24,50,000 | 1.87% | 1,35,000 | |

Timing of the Meeting

The Committee Meeting commenced at 12:30 P.M. and concluded at 12:45 P.M. on 3rd 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
  • Shareholder approval through resolution passed in Extra-Ordinary General Meeting held on 11th October, 2024
  • In-principle approvals granted by BSE Limited and National Stock Exchange of India Ltd vide letters dated 1st January, 2025

Additional Material Disclosures

  • Face value of equity shares revised from ₹10 to ₹1 per share effective 18th July, 2025 due to stock split
  • The allotted shares are pari-passu with existing equity shares of the company
  • The conversion was upon receipt of remaining 75% of issue price (₹375 per warrant, adjusted to ₹37.5 due to stock split)

Information Not Covered

The document does not specify the intended use of proceeds from the fund raise.