With reference to the query raised by BSE seeking additional information in connection with the Corporate Announcement filed under Regulation 30 of the SEBI (LODR) Regulations, 2015, and ....
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The board of Alan Scott Enterprises, at its meeting on November 13, 2025, approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2025. It also approved the acquisition of a 60% stake (30,000 equity shares at ₹10 each, totaling ₹3 lakh in cash) in Alanscott Qubiverse Limited (AQL), a newly incorporated tech company (September 9, 2025) focused on quantum-inspired computing, offline AI systems, quantum-secured data infrastructure, and edtech. Mr. Kevin John (DIN: 11369050), a former Indian Army officer and senior education/training professional (IIM Lucknow alumnus), was appointed as Additional Independent Director for five years, subject to shareholder approval. Mr. Haresh Kantilal Parekh resigned as Independent Director effective close of business on November 13, 2025, citing personal reasons and other professional commitments.
The acquisition is very small in monetary terms (₹3 lakh) and involves a related-party transaction, since AQL will become a subsidiary and the company's promoter Sureshkumar Jain already holds 39.99% in AQL — shareholders should watch for governance disclosures and how AQL's tech business integrates with the listed entity. The director changes are largely routine and unlikely to move the stock on their own.