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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The board of Alan Scott Enterprises approved the issuance and allotment of up to 5,00,000 equity shares at ₹250 per share (face value ₹10), including a premium of ₹240 per share, aggregating up to ₹12.5 crore. The shares will be issued via preferential allotment to 12 non-promoter investors, including Zya Ventures (2 lakh shares), Vikas Arora (1 lakh shares), and others. The board also appointed Dr. Rishi Mohan Bhatnagar, a technology and IoT industry veteran, as Additional Director. An Extra-Ordinary General Meeting is scheduled for October 30, 2025, to seek shareholder approval for the preferential issue.
The preferential issue will raise up to ₹12.5 crore from non-promoter investors at a steep premium over face value, which may signal confidence from the incoming investors, though it will dilute existing shareholders by roughly 8-9%. The appointment of a tech-savvy director suggests a possible strategic pivot toward technology or digital businesses.