The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vandana Bang
THOMASCOTT · price
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Awaiting price reaction for this filing.
Vandana Bang, a promoter of Thomas Scott (India) Ltd, acquired 5,00,000 equity shares on 28th March 2025 through the conversion of warrants into equity. Her individual holding rose from 5,75,000 shares (4.72%) to 10,75,000 shares (7.22% of post-allotment share capital). The promoter group's combined holding stayed at 76,59,705 shares, but as a percentage of total share capital it increased from 53.72% to 55.55% because the company's total share capital grew from 1,21,62,880 to 1,26,62,880 equity shares. The acquisition was not an open market purchase but an allotment via warrant conversion, so no cash changed hands on the exchange.
This is a positive confidence signal — the promoter is choosing to convert warrants into actual equity, locking in her commitment to the company. The promoter group remains comfortably above the 55% mark, well clear of any takeover-related threshold concerns.