This is to inform you that the Board of Directors of the Alan Scott Enterprises Limited at its meeting held today, Saturday, October 4, 2025 at 11:00 am, had approved the following matters:1.Issuance ....
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The board approved issuing up to 5,00,000 equity shares at Rs 250 per share (face value Rs 10, premium of Rs 240) via preferential allotment to 12 non-promoter investors, raising up to Rs 12.5 crore. The largest allottee is Zya Ventures Ltd (2 lakh shares, 3.36% post-issue holding), followed by Vikas Arora (1 lakh shares, 1.68%). The board also appointed Dr. Rishi Mohan Bhatnagar, a global technology leader with 25+ years of experience in IoT and digital transformation, as Additional Director. An Extraordinary General Meeting has been scheduled for October 30, 2025 to seek shareholder approval for the preferential issue.
The preferential issue at a steep premium of Rs 240 per share will raise fresh capital but also dilute existing shareholders by introducing new non-promoter investors. Shareholders should watch the EGM outcome on October 30, as their approval is required for the allotment to proceed.