Indo Thai Securities Limited (INDOTHAI) — Corporate Action Announcement
Indo Thai Securities Limited (INDOTHAI) received NCLT approval for a Scheme of Arrangement involving demerger into ITFSL, enabling separate management of broking, real estate, IFSC financial services, and green hydrogen businesses. Shareholders will receive one fully paid equity share of face value Re.1 in the Resulting Company for each existing share, with no dilution as creditors are nil. Meetings for equity shareholders and unsecured creditors are scheduled within 45 days via video conferencing, requiring a minimum quorum of 30 shareholders and 15 unsecured creditors. The order dispenses with meetings for secured creditors and all meetings for the resulting company due to the absence of creditors. Regulatory filings to SEBI, BSE, NSE, MCA, and tax authorities are mandated, with notices to be published in specified newspapers.
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About Indo Thai Securities Limited (INDOTHAI)
Financial Services · Capital Markets · Listed on NSE
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