Thomas Scott (India) Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Thomas Scott (India) Limited has confirmed that there were no deviations or variations in the utilization of funds raised through a preferential issue of equity shares and the conversion of warrants for the quarter ended December 31, 2024. The Audit Committee has reviewed and found no discrepancies in the use of these funds, amounting to ₹33.15 crore. The funds are designated for working capital, online portal development, capital expenditure, and marketing purposes. This clarity may foster a positive outlook among investors, reducing concerns over fund misallocation.