THOMAS SCOTT (INDIA) LIMITED — Capital/Financing Update 2021

Sep 4, 2021

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September 4, 2021

To Department of Corporate Services, BSE Ltd. P.J. Towers, Dalal Street, Fort, Mumbai- 400 001

To Listing Department The National Stock Exchange of India Ltd. “Exchange Plaza”, Bandra-Kurla Complex, Bandra (East), Mumbai- 400 051

Dear Sir/Madam,

Ref: BSE Scrip Code: 533941 and NSE Symbol: THOMASCOTT

Sub.: Intimation of Outcome of Board Meeting

The Board Meeting of the Company was held on Saturday, September 4, 2021, at the corporate office of the Company at 405-406, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013. The Major Outcomes of the said Board Meeting are as under:

1. Subject to the approval of the members in the Annual General Meeting and appropriate authorities, the Board has decided to increase the authorized share capital of the Company from Rs.5,00,00,000 (Five Crores) to 10,00,00,000 (Ten Crores) and alter the Memorandum of Association of the Company.

Brief amendments in Memorandum of Association of the Company as per Regulation 30 of SEBI(LODR) Regulations, 2015 read with Circular No. CIR/CFD/ CMD/ 4/2015 dated September 9,2015 :

The Authorised Share Capital of the Company is Rs.10,00,00,000/- (Rupees Ten Crores only) divided into 90,00,000 (Ninety Lakhs Only) Equity Shares of Rs. 10/- (Rupees Ten only) and 10,00,000 (Ten Lakhs Only) Redeemable Preference Shares, whether Cumulative or Non Cumulative in nature, of Rs. 10/- (Rupees Ten Only)

2. Subject to the approval of the members in the Annual General Meeting and appropriate authorities, the Board has decided to issue and allot 54,25,000 convertible warrants to Promoters/Promoter Group and Non Promoters on Preferential Allotment basis pursuant to Section 62 of the Companies Act 2013 and SEBI (Issue of Capital and Disclosure Requirement ) Regulation ,2018

Thomas Scott (India) Limited 50, Kewal Industrial Estate, S. B. Marg, Lower Parel (West), Mumbai – 400 013, (India) Tel: +91-22-66607965/66/67 Fax: +91-22-66607970, E-mail: thomasscott@banggroup.com

Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the Preferential Allotment on the said Preferential Allotment are enclosed as Annexure A.

The meeting commenced at 11.30 A.M. and concluded at 5.00 P.M.

We hereby request you to kindly acknowledge the receipt of the same.

Thanking You,

Yours faithfully,

For Thomas Scott (India) Limited

RASHI

ADITYA BANG

Digitally signed by RASHI ADITYA BANG DN: c=IN, o=Personal, 2.5.4.20=431e460e603f0534ca4c44522 6c8bf0fdeb34556988b2e86d389bc3b8 8568f39, postalCode=400014, st=Maharashtra, serialNumber=6e283c577f3618539af04 ce3903936247ea8dc288e5f218f494b93 a518d813ee, cn=RASHI ADITYA BANG Date: 2021.09.04 17:03:54 +05'30'

Rashi Bang Company Secretary and Compliance Officer Encl: As above

ANNEXURE A

DETAILS REGARDING PREFERENTIAL ISSUE

PARTICULARS	DETAILS
Type of securities proposed to be issued	Warrants
Type of issuance	Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable law
Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Upto 54,25,000 warrants
Names of Investors	Promoter and Promoter group 1. Mr. Brijgopal Bang 2. Mr. Vedant Bang 3. Ms. Akshita Bang Other than Promoter and Promoter group 1. Mr. Boob Anirudh 2. Mr. Bharat Boob 3. Mrs. Boob Latha 4. Mr. Paruchuru Lalitha Kumar 5. Mr. Paruchuru Satish Kumar 6. Mr. Radheji Rathi 7. Mr. Hitesh Kukreja 8. Mr. Arun Kumar Singh 9. Mrs. Kiran Kumari Sarda 10. Mr. Krunal Ketan Shah 11. Mr. Jaydas Dighe 12. Ms. Seemakshi Sharma 13. Mr. Brijpaldas Maheshwari
Post-allotment of securities: Outcome of subscription	Shall be intimated at the time of allotment. (The Warrants proposed to be issued at price in terms of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 20 I8
Issue Price	The price shall be not lower than the floor price calculated in accordance with Regulation 164 of the SEBI ICDR Regulations