Thomas Scott has scheduled its 16th Annual General Meeting for September 29, 2026, to seek shareholder approval for material related-party transactions totaling ₹300 crore. The meeting will also address the reappointment of Mr. Vedant Bang as Managing Director.

The company intends to hold the meeting via Video Conferencing or Other Audio Visual Means. Shareholders holding shares as on the cut-off date of September 22, 2026, are eligible to vote. The remote e-voting period runs from September 25, 2026, at 9:00 am to September 28, 2026, at 5:00 pm.

Related-Party Transactions

The Board seeks omnibus approval for transactions with two entities owned or significantly influenced by Key Managerial Personnel. These deals involve the sale and purchase of raw materials, finished goods, and services.

Bang Overseas Limited reported a consolidated turnover of ₹223.93 crore in FY25-26. The proposed transaction value represents approximately 78.46% of Thomas Scott’s annual consolidated turnover for the preceding financial year. Vedanta Creations Limited had a standalone turnover of ₹12.69 crore in FY25-26.

Management Reappointment

Shareholders will vote on the reappointment of Mr. Vedant Bang as Managing Director for the E-commerce segment. The appointment covers a three-year period starting October 1, 2026. His remuneration is set between ₹6 lakh and ₹12 lakh per month.

Mr. Bang brings nearly seven years of experience as a senior management consultant at Deloitte. He holds qualifications including Chartered Enterprise Risk Actuary and CFA Charter holder.

What the Numbers Show

The proposed related-party transaction with Bang Overseas Limited accounts for a significant portion of the listed entity’s business volume. At ₹200 crore, the deal size equals roughly 78% of Thomas Scott’s previous annual turnover, indicating heavy reliance on this specific supply chain relationship for operational continuity.

Thomas Scott India Ltd will host a virtual group meeting with investors and analysts on Monday, August 31, 2026. The session is scheduled from 4:00 pm to 5:00 pm and will be organized by Valorem Advisors.

The company issued the intimation on August 25, 2026, pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management representatives will participate in the discussion, which will be conducted via a virtual platform.

Meeting Details

The schedule remains subject to change due to exigencies on the part of the analysts or the company. The discussion will be strictly limited to information available in the public domain.

Compliance Note

Thomas Scott India Ltd confirmed that no Unpublished Price Sensitive Information (UPSI) will be discussed during the session. The announcement was signed by Rashi Bang, Company Secretary and Compliance Officer.