In continuation of our earlier disclosure made on November 07, 2024, July 11, 2025 and pursuant to provision of Regulation 30 of Securities and Exchange Board of India (Listing Obligations ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Alan Scott Enterprises Ltd's board, at its meeting on March 30, 2026, approved the acquisition of an additional stake in Metastar Media Private Limited, which will become a subsidiary post-acquisition. The company is buying 1,40,000 equity shares at INR 196 per share (INR 186 premium), aggregating to a cash consideration of INR 2.74 crore, giving it 60% shareholding on a fully diluted basis. Metastar runs Artisteverse.in, a Web3 platform connecting independent artists with fans, hosting celebrities like Bickram Ghosh and the Indian Ocean Band. The transaction is a related party deal since the company's promoter, Mr. Sureshkumar Jain, holds a majority stake in Metastar, though it is being carried out at a valuation. The acquisition is expected to be completed within two months and requires no regulatory approvals.
This is a small-ticket acquisition (about INR 2.74 crore) into a Web3/music-tech start-up with negligible current turnover (INR 4.01 lakh in FY25). For shareholders, the strategic intent is clear—diversification into the digital content/Web3 space—but the immediate financial impact on Alan Scott is limited. The related-party nature of the deal warrants close attention to ensure fair valuation.