In continuation of our disclosure made on August 14, 2024 and September 5, 2025 and April 24, 2025 and pursuant to the in-principle approval received from BSE Limited (BSE) via Ref. No: ....
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Alan Scott Enterprises Ltd is launching a Rights Issue of up to 18,15,863 fully paid-up equity shares at ₹40 each (face value ₹10 + premium of ₹30), in a ratio of 1 rights share for every 2 shares held. The total issue size is ₹726.34 lakhs (~₹7.26 crores), assuming full subscription. The record date for eligibility is Friday, May 2, 2025, with the issue opening on May 15, 2025 and closing on May 29, 2025. Post-issue, the total outstanding shares would rise from 36.31 lakh to 54.47 lakh shares. The company has received in-principle approval from BSE for listing the rights shares, and Purva Sharegistry is acting as the registrar to the issue.
Eligible shareholders can subscribe to these rights shares to maintain their proportional ownership; otherwise, their stake will be diluted by about 33%. Shareholders who do not wish to subscribe can renounce their rights entitlements on-market until May 23, 2025.