Thomas Scott (India) Limited — Others, 07-12-2024: Price movement

Thomas Scott (India) Limited has submitted a clarification letter regarding recent significant price movements of its shares, addressing concerns raised by the National Stock Exchange. The company confirmed that it has consistently disclosed all pertinent information affecting its operations and maintains that there is no undisclosed price-sensitive information that could influence trading. Management attributed the recent price changes to market demand and supply dynamics. This transparency could foster investor confidence, although the company emphasizes its commitment to timely updates on any material developments. Overall, the outlook remains stable as the company adheres to its disclosure obligations.