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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Awaiting price reaction for this filing.
Alan Scott Enterprises Ltd is filing the application form for its rights issue of up to 18,15,863 fully paid-up equity shares of face value ₹10 at ₹40 per share, including a ₹30 premium. The issue is in the ratio of 1 rights share for every 2 shares held, aggregating up to ₹726.34 lakhs. The record date was May 2, 2025, the issue opens on May 15, 2025 and closes on May 29, 2025, with last date for on-market renunciation on May 23, 2025. The issue price is 4 times the face value, payable in full on application. Existing shareholders are being given the opportunity to subscribe through the ASBA facility using the application form attached.
Existing shareholders can subscribe to additional shares in proportion to their holdings to avoid dilution. If they don't subscribe, their effective stake will reduce after the rights issue. The issue is at a premium of 300% over face value, which is standard for this type of capital raise.