Announced Wed, 24 Jun · 12:43 IST
Board approves Rights Issue draft, re-appoints MD for 5 years
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹330.30
prior close
₹330.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+6.2+7.5+10.3+17.8+16.2+15.2-4.0+1.1——
Up moveDown movePending
AI summary
Board of Alan Scott Enterprises approved the draft Letter of Offer and appointed intermediaries for a proposed Rights Issue, previously disclosed on May 27, 2026. It also re-appointed Mr. Sureshkumar Jain (DIN: 00048463) as Managing Director for another 5-year term, from June 24, 2026 to June 23, 2031, subject to shareholder approval. Mr. Jain, who signs as MD and CEO, is not debarred from holding office by any regulator.
Likely market impact
Rights Issue plan advances with continuity at the top; existing MD and CEO stays, supporting stable leadership for shareholders.