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: ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alan Scott Enterprises Ltd has submitted copies of newspaper advertisements published on May 12, 2025 in Financial Express, Janasatta, and Pratahakal regarding its Rights Issue. The company is offering 18,15,863 fully paid-up equity shares at ₹40 per share (including ₹30 premium) on a 1:2 ratio basis (1 share for every 2 held), aggregating up to ₹726.34 lakhs. The record date was Friday, May 2, 2025. The issue opens on Thursday, May 15, 2025, with on-market renunciations closing on May 23, 2025, and the issue closes on Thursday, May 29, 2025. The issue price is 4 times the face value. Promoter Mr. Suresh Pukhraj Jain is mentioned, and ICICI Bank is the banker to the issue. No monitoring agency is required as the issue size is below ₹5,000 lakhs.
Eligible shareholders as of the May 2, 2025 record date can subscribe to new shares at ₹40 each (a 4x premium to face value), or renounce/sell their rights entitlements. If fully subscribed, the company's equity base will expand by up to ~50%, potentially diluting existing non-subscribing shareholders.