Thomas Scott India’s latest update : The company recently
THOMASCOTT
Thomas Scott India’s latest update: The company recently held its 16th AGM on September 29, 2026, where FY26 financials were adopted, and it announced a major licensing deal with Forever 21 for India, Nepal, and Bangladesh. The stock is currently trading around ₹246, down 1.78% today.
📊 Key Corporate Updates
16th AGM (Sept 29, 2026):
FY26 financial statements adopted.
Related-party transactions with Bang Overseas and Vedanta Creations approved.
Vedant Bang reappointed as Managing Director.
No shareholder speakers attended the virtual meeting.
Forever 21 Licensing Deal (Sept 28, 2026):
Exclusive licensing rights for India, Nepal, and Bangladesh.
Thomas Scott appointed as Global Designated Supplier for international partners.
Agreement duration: 5 years, extendable by another 5 years.
FY26 consolidated revenue: ₹254.9 crore, up 58.3% YoY.
Promoter Activity (Sept 9, 2026):
Promoters pledged 3,52,025 shares to Bang Overseas Ltd.
Entire holdings of Laxminiwas Bang and Pushpadevi Bang encumbered.
PAC group stake remains unchanged at 49.85%.