This is to inform you that the Company had raised an amount of INR 6,75,00,000 (Indian Rupees Six Crores Seventy-Five Lakhs) through a Preferential Issue in accordance with Chapter V of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Alan Scott Enterprises Ltd has confirmed no deviation in the utilization of INR 675 Lakhs raised through a Preferential Issue in December 2025. The company had originally planned to raise INR 1,250 Lakhs but only 675 Lakhs was subscribed because two investors could not participate due to pending legal proceedings. The funds are being deployed as planned: investments in equity shares of five subsidiaries (Alan Scott Bluverge, Alan Scott UpNup Life, Alanscott Learnix, Alanscott Omnis AI, and Alanscott Satwik Himalayan Products), subscription to 10% NCDs of subsidiaries, issue expenses of INR 5.44 Lakhs, and general corporate purposes. Issue expenses came in under budget at INR 5.44 Lakhs versus the planned INR 25 Lakhs, with the surplus reallocated to general corporate purposes.
For shareholders, the key takeaway is that funds have been deployed as stated in the Letter of Offer with no deviations reported. The lower-than-targeted raise (54% of approved amount) due to two investors dropping out may indicate some caution among investors, though the completion of the issue and proper fund utilization is a positive sign.