Thomas Scott (India) Limited — QIP/Rights/Pref., 28-03-2025: Allotment of Securities

Thomas Scott (India) Limited has announced a board meeting to allocate 5,00,000 equity shares at a face value of ₹10 each, issued at a premium of ₹71 per share, following the conversion of convertible warrants. This allotment, to Mrs. Vandana Bang of the Promoter Group, aligns with a special resolution approved during the Extraordinary General Meeting. The total equity shares post-allotment will increase to 1,26,62,880, enhancing the company's capital to ₹12,66,28,800.

This capital infusion is likely to bolster financial stability, signaling confidence from management, which could favorably influence investor sentiment.