StockWatch
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Garments & Apparels
Corporate Action1 Sept 2026, 04:26 pm

Thomas Scott Allots 91,575 Equity Shares on Warrant Conversion

AI Summary

Thomas Scott (India) Ltd has announced the allotment of 91,575 equity shares following the conversion of convertible warrants on a preferential basis. The shares were issued at a premium of ₹320 per share, with a face value of ₹10 each. This allotment increases the company's total equity shares to 1,48,53,530. The shares rank pari passu with existing equity shares and will be subject to lock-in provisions as per SEBI regulations. The company is proceeding with the listing application for these new shares.

Key Highlights

  • 91,575 equity shares allotted upon warrant conversion.
  • Issued at a premium of ₹320 per share.
  • Total equity capital increases post-allotment.
  • Shares rank pari passu with existing equity.
  • Listing application for new shares is underway.