Thomas Scott (India) Limited — Board Meeting, 21-12-2024: Outcome of Board Meeting

The Board of Directors of Thomas Scott (India) Limited has approved several key measures. They plan to increase the Authorized Share Capital from ₹15 Cr to ₹20 Cr, and to amend the capital clause in the Memorandum of Association accordingly. Additionally, the board has sanctioned the issuance of up to 9,52,375 equity shares and up to 6,06,529 convertible warrants on a preferential basis, subject to shareholder approval at the upcoming Extraordinary General Meeting. These steps may enhance the company’s capital structure and bolster its financial flexibility.