Corporate Action19 Aug 2026, 06:40 pm
Thomas Scott India Allots 91,575 Shares on Warrant Conversion
AI Summary
Thomas Scott (India) Ltd has announced the allotment of 91,575 equity shares following the conversion of warrants on a preferential basis. The shares, with a face value of Rs. 10 each, were issued at a premium of Rs. 320 per share to a non-promoter. This issuance increases the company's total equity shares to 1,47,61,955. The newly allotted shares rank pari passu with existing shares and will be subject to lock-in regulations. The company is proceeding with the listing application for these shares on both BSE and NSE.
Key Highlights
- 91,575 equity shares allotted upon warrant conversion.
- Issued at Rs. 330 per share (Rs. 10 face value + Rs. 320 premium).
- Total equity capital increases to 1,47,61,955 shares.
- Shares rank pari passu and are subject to lock-in.
- Listing application underway for new shares on BSE and NSE.
Price Impact
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