In continuation of our earlier disclosures dated April 24, 2025, September 5, 2024, and August 14, 2024, and pursuant to approvals from BSE and the Letter of Offer dated April 24, 2025, ....
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Alan Scott Enterprises has completed its rights issue, which closed on May 29, 2025. The company received full subscription for 18,15,863 equity shares of ₹10 face value at ₹40 per share (including a ₹30 premium), raising approximately ₹7.26 crore. The Board approved the allotment of these shares at its meeting on June 4, 2025, and the company will now seek listing and trading approval from BSE for the newly issued shares.
The company's paid-up share capital has risen from ₹3.63 crore (36.31 lakh shares) to ₹5.45 crore (54.48 lakh shares), a ~50% expansion in the equity base. Existing shareholders may see short-term dilution, though the fully subscribed rights issue signals reasonable investor confidence. The newly allotted shares will trade on BSE once listing approval is granted.