Thomas Scott (India) Limited's promoter group has confirmed that no encumbrance was created on its equity shares during the financial year ended March 31, 2026. The declaration, submitted on April 06, 2026, assures stakeholders that the promoters have not pledged or created any charge, directly or indirectly, on their holdings during this period.

The disclosure was filed by Brijgopal Bang on behalf of the Promoter & Promoter group in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates the disclosure of any encumbrance on promoter shares to ensure transparency for investors.

The filing included a comprehensive list of the promoters and persons acting in concert (PAC) with them. The list comprises 35 entities and individuals, ranging from individual family members to Bodywave Fashions(India) Private Limited. The complete roster of names was provided as Annexure A and B to the letter addressed to the stock exchanges.

The communication was addressed to the General Manager of the Department of Corporate Services at BSE Ltd. and the Manager of the Listing Department at The National Stock Exchange of India Ltd. A copy of the declaration was also marked to the Audit Committee of Thomas Scott (India) Limited for its records.

List of Promoters and Promoter Group

The following table details the individuals and entities comprising the promoter group as disclosed in the filing:

Thomas Scott (India) Limited reported a robust financial performance for the financial year ended March 31, 2026 (FY26), with revenue from operations rising 58% year-on-year to ₹255 crore. Profit after tax (PAT) for the year stood at ₹19 crore, registering a growth of 51% year-on-year, while PAT margins were 7.57%. The company’s EBITDA increased by 72% to ₹33 crore, with margins expanding by 105 basis points to 13.1%. Return on Capital Employed (ROCE) for the period was recorded at 22.31%.

For the fourth quarter of FY26, revenue from operations stood at ₹78 crore, registering a growth of 63% year-on-year. EBITDA for the quarter stood at ₹11 crore, reflecting a 67% year-on-year increase, while EBITDA margins were 14.14%. PAT for the quarter stood at ₹6 crore, representing a growth of 43% year-on-year, with PAT margins at 7.71%. This marked the 10th consecutive quarter of revenue growth for the company.

Operational Performance

The company’s own brand, Thomas Scott, recorded revenue of ₹91 crore during FY26, growing by 62% year-on-year. The licensed and other brand segments reported revenues of ₹148 crore, representing a growth of 53% year-on-year, driven by momentum across marketplace partnerships and premiumization of the product portfolio. The contract manufacturing business supported revenues of ₹15 crore during FY26, a growth of 91% year-on-year.

Financial Highlights

Strategic Developments

During the quarter, the company entered the footwear category, focusing on premium brands to ensure margin accretion. Management stated that new categories are being structured as zero net capital investment categories to maintain healthy return on capital employed. The company continues to utilize its proprietary technology platforms, thread.al and catalog.al, for demand forecasting and catalog management, though these remain for internal use.

Regarding the balance sheet, other current assets increased primarily due to an insurance claim receivable of approximately ₹22 crore related to a previous fire incident. Short-term borrowings also increased correspondingly to support business operations. Management expects debt levels to normalize upon receipt of the insurance claim. The company’s debt-to-equity ratio is currently around 0.3 to 0.4.

The disclosure was made pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The earnings conference call was held on June 03, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE480M01011/070ad2e26a044d3b.pdf