In continuation of our earlier intimation dated October 4, 2025, and pursuant to the shareholders' approval dated October 30, 2025, the Board of Directors, at their meeting held today i.e. ....
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Alan Scott Enterprises Ltd has allotted 2,70,000 fully paid-up equity shares of face value ₹10 each at a premium of ₹240 per share (total ₹250 per share), aggregating to ₹6.75 crores. The shares were issued to 10 non-promoter allottees, including individuals and one entity (Saraaf Investments). The company's paid-up equity share capital increased from ₹5.45 crores to ₹5.72 crores. The original plan was to raise ₹12.5 crores, but two allottees (Zya Ventures Limited and Sandeep Ghate) could not subscribe due to pending legal proceedings, reducing the actual raise. The Board also revised the objects of the issue, primarily for funding subsidiary acquisitions and general corporate purposes, to be deployed by March 31, 2026.
This preferential allotment dilutes existing shareholders by roughly 4.7% but brings in fresh capital at a significant premium to face value. The inability of two named investors to participate (due to sub-judice legal issues) and the resulting downward revision of the issue size and use-of-proceeds may be viewed neutrally by the market, as the company still raised funds at a premium.