We hereby inform you that pursuant to Regulation 32 of SEBI (LODR) Regulations 2015, there is no deviation and/or variation in the utilization of issue proceeds, as mentioned in letter ....
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Awaiting price reaction for this filing.
Alan Scott Enterprises filed a routine quarterly compliance statement under SEBI LODR Regulation 32 for Q1 FY26 (quarter ended June 30, 2025). The company raised INR 726.34 Lakhs through a rights issue of 18,15,863 equity shares, which were allotted on June 4, 2025 under a letter of offer dated April 24, 2025. The filing confirms that there is no deviation or variation in the use of these proceeds compared to the originally stated objects. As of June 30, 2025, INR 290 Lakhs (~40%) has been deployed — fully utilised for acquiring additional equity in subsidiaries Alan Scott Retail, Alan Scott Automation & Robotics, and Alan Scott Envirotech (totalling INR 400 Lakhs of the original allocation). The remaining ~60% (INR 436.34 Lakhs) is pending deployment, including planned acquisitions of Alan Scott Upnup Life (150 Lakhs) and Metastar Media (100 Lakhs), issue expenses (25 Lakhs), and general corporate purposes (51.34 Lakhs). The Audit Committee has reviewed and noted the nil deviation, and auditors had no comments.
This is a routine compliance confirmation that rights issue proceeds are being used as promised, which is mildly positive for shareholder confidence. However, investors should note that roughly 60% of the raised funds remain unutilised, so upcoming subsidiary acquisitions and deployment pace will be key things to watch in coming quarters.