In continuation of our disclosures dated August 14, 2024, September 5, 2024, April 24, 2025, and May 7, 2025, and pursuant to the in-principle approval received from BSE Ltd (Ref. No: LOD/RIGHT/MV/FIP/2051/2024-25 ....
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Alan Scott Enterprises is launching a rights issue of up to 18,15,863 fully paid-up equity shares at ₹40 per share (including a ₹30 premium over the ₹10 face value), aggregating to ₹726.34 lakhs. The ratio is 1 rights share for every 2 shares held, with the record date fixed at May 2, 2025. The issue opens on May 15, 2025 and closes on May 29, 2025. The promoter, Suresh Pukhraj Jain, has committed to subscribing to his full entitlement and any unsubscribed portion. Proceeds will primarily fund investments into five subsidiaries (Alan Scott Retail, Alan Scott Automation & Robotics, Alan Scott Envirotech, Alan Scott Upnup Life, and Metastar Media), issue expenses, and general corporate purposes.
Eligible shareholders must decide whether to subscribe by May 29, 2025 to avoid dilution. The company is loss-making (negative EPS of ₹2.37 for Dec 2024) and is raising capital at a premium rather than a discount, meaning subscribing is essentially priced at 4x face value with no built-in arbitrage benefit.