Issuance and allotment of up to 5,00,000 fully paid-up equity shares of the Company, having a face value of ?10 (Rupees Ten only) each, at a price of ?250 (Rupees Two Hundred and Fifty ....
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Awaiting price reaction for this filing.
The Board of Alan Scott Enterprises Ltd approved issuing up to 5,00,000 equity shares at ₹250 per share (face value ₹10, premium of ₹240), raising up to ₹12.5 crore from 12 non-promoter investors via a preferential issue. The allottees include Zya Ventures Limited (2,00,000 shares), Vikas Arora (1,00,000 shares), and 10 other individuals and entities. Post-issue, Zya Ventures will hold 3.36% and Vikas Arora 1.68% of the company. Additionally, Dr. Rishi Mohan Bhatnagar, a global technology leader, has been appointed as Additional Director. An Extra Ordinary General Meeting is scheduled for October 30, 2025, to seek shareholder approval.
The preferential issue at a significant premium to face value (25x) brings in ₹12.5 crore from non-promoters, which is mildly positive as it signals external investor confidence, though it also results in equity dilution for existing shareholders. The stock price reaction will depend on whether ₹250 per share is at, above, or below the current market price.