Alan Scott Enterprises Allots Rights Shares; Shares Rise 4.2%

Mumbai September, 17: Alan Scott Enterprises Limited has allotted 5,92,931 partly paid-up equity shares following its rights issue, according to the outcome of the company’s Rights Issue Committee meeting held on September 17, 2026. The committee meeting was convened to consider the allotment of partly paid-up equity shares against applications received under the rights issue. The company said the allotment was approved pursuant to the offer letter and related rights issue documents.

The committee also approved the necessary corporate action for crediting the allotted partly paid-up equity shares to the respective applicants’ demat accounts, subject to the applicable procedures.

Stock Market Snapshot

The Alan Scott Enterprises share price was trading around ₹250 in the latest portion of the supplied market snapshot, compared with a reference level of approximately ₹240. This indicates a gain of about 4.2%.

The stock moved sharply higher soon after the start of the displayed trading session, rising from around ₹240 to ₹245. It then moved in stages towards ₹247 and subsequently ₹249.

The shares remained close to ₹249 for a substantial part of the session before moving to ₹250 in the later portion of the chart. The latest price shown was around ₹250.

The price movement is based on the supplied market snapshot and has not been directly attributed to the rights issue allotment.

Rights Issue Allotment Follows Applications From Shareholders

According to the regulatory filing, the company had received applications for 5,92,931 partly paid-up equity shares under the rights issue.

The shares carry a face value of ₹10 each. The company had earlier specified the issue price and payment structure under the rights issue, with the balance amount payable in subsequent calls as applicable.

Following consideration by the Rights Issue Committee, the company approved the allotment of the shares against the applications received. The filing also records the committee’s approval to make the required corporate action for crediting the securities to eligible applicants.

Committee Approves Further Corporate Action

The Rights Issue Committee meeting commenced at 11:00 AM IST and concluded at 12:10 PM IST on September 17, 2026.

The committee considered the allotment in accordance with the provisions of the Companies Act, 2013, SEBI regulations and other applicable requirements governing the rights issue.

The company has informed BSE Limited and its members about the outcome of the meeting and the allotment approved by the committee.

Alan Scott Enterprises Operates Through Its Business Portfolio

Alan Scott Enterprises is a listed company with its registered office in Mumbai. Its securities are traded on BSE Limited under the company’s listed scrip.

The latest corporate action relates specifically to the rights issue and the allotment of partly paid-up equity shares. The allotment increases the number of partly paid-up securities issued under the rights offering, subject to the terms governing subsequent payment obligations.

The company has disclosed the committee’s decision to the stock exchange as part of its continuing regulatory reporting requirements.

Conclusion

Alan Scott Enterprises has approved the allotment of 5,92,931 partly paid-up equity shares following applications received under its rights issue.

The Rights Issue Committee approved the allotment at its September 17, 2026 meeting and also cleared the required corporate action for crediting the securities to eligible applicants.

On the equity market, the Alan Scott Enterprises share price was around ₹250 in the supplied snapshot, representing a gain of approximately 4.2% from the displayed reference level of ₹240. The stock moved higher in several steps during the session and remained near ₹250 in the latest data shown.

Source:

• https://www.bseindia.com/stock-share-price/alan-scott-enterprises-ltd/alanscott/539115