In continuation of our earlier disclosures dated August 14, 2024, and September 5, 2025, and with reference to the in-principle approval granted by BSE Limited (Ref. No: LOD/RIGHT/MV/FIP/2051/2024-25 ....
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Alan Scott Enterprises Ltd announced the outcome of its board meeting held on April 24, 2025. The board approved a Rights Issue of up to Rs. 726.34 Lakhs, comprising 18,15,863 equity shares at Rs. 40 each (Rs. 10 face value + Rs. 30 premium). The entitlement ratio is 1:2, meaning shareholders get 1 rights share for every 2 fully paid shares held as on the record date of May 2, 2025. The issue opens on May 15, 2025, with renunciation allowed until May 23, 2025, and closes on May 29, 2025. Post-issue share count would rise to 54,47,590 from the current 36,31,727, assuming full subscription. Additionally, Mr. Vishesh Bapna was appointed as Chief Financial Officer and Ms. Sheetal Jagetiya as Company Secretary and Compliance Officer.
Eligible shareholders as on May 2, 2025 will receive rights entitlements and have the opportunity to subscribe to new shares at Rs. 40 each or renounce their rights. The issue will increase the share count by roughly 50% on full subscription, which may dilute existing shareholders who don't participate. The new appointments strengthen the company's finance and compliance leadership.