Kindly find attached herewith the notice of the Extra Ordinary General Meeting of the Alan Scott Enterprises Limited (formerly known as Alan Scott Industriess Limited) scheduled to be held ....
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Alan Scott Enterprises Ltd has called an EGM on October 30, 2025 at 11:00 a.m. via video conferencing to seek shareholder approval for two items. The first is a preferential issue of up to 5,00,000 equity shares at ₹250 per share (face value ₹10, premium ₹240), aiming to raise ₹12.50 crore from 12 non-promoter allottees, with the largest allottee being Zya Ventures Limited (2,00,000 shares). The minimum pricing benchmark per SEBI ICDR rules was ₹235.36 (based on 10-day VWAP). The proceeds are earmarked for investments in subsidiaries (Alan Scott Bluverge, UpNup Life, Learnix, Omnis AI, Vajrashakti Technologies, Envirotech), a group company (Satwik Himalayan Products), subscription to NCDs of subsidiaries, general corporate purposes, and issue expenses. As a result of this issue, promoter holding will dilute from 66.80% to 61.18%. The second item is the appointment of Dr. Rishi Mohan Bhatnagar (DIN: 00834145) as a Non-Executive Director, who was earlier inducted as an Additional Director on October 4, 2025.
If approved, the preferential issue will raise ₹12.50 crore but dilute existing shareholders' stake; promoter holding falls by about 5.6 percentage points to 61.18%. Funds are aimed at strengthening subsidiaries and a group company, which could support growth but also increases group-level concentration of capital. Approval of the new director adds to board capacity. No change in management control is proposed.