Thomas Scott (India) Limited — Others, 14-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Thomas Scott (India) Limited confirms that proceeds from preferential issues (over Rs. 36 Cr) and warrant conversions (Rs. 30.4 Cr) were used as planned, supporting working capital, online platform development, production capacity expansion, logistics, marketing, acquisitions, and corporate needs. The company limits general corporate expenses to no more than 25% of funds, ensuring focused investment in growth and operations, which supports confidence in disciplined financial management and strategic use of capital for business expansion.