Alan Scott Enterprises' Rs 7.26 Crore Rights Issue Fully Subscribed
By Ankur Chandra | Updated at: Jun 5, 2025 09:46 AM IST
Alan Scott Enterprises Limited, formerly known as Alan Scott Industries Limited, announced the successful completion of its rights issue, with full subscription of 18,15,863 equity shares at ₹40 per share (including a ₹30 premium). The issue raised a total of ₹7.26 crore, boosting the company’s paid-up share capital from ₹3.63 crore to ₹5.45 crore.
Rights Issue Fully Subscribed
The rights issue, which closed on May 29, 2025, received full subscription, reflecting strong shareholder confidence. Each share had a face value of ₹10 and was offered at a premium, making the total issue price ₹40.
| Particulars | Before Rights Issue | After Rights Issue |
|---|---|---|
| Number of Equity Shares | 36,31,727 | 54,47,590 |
| Paid-up Share Capital (₹) | 3,63,17,270 | 5,44,75,900 |
Board Approvals and Next Steps
The company approved the following at the board meeting held today
- Allotment of the 18.15 lakh equity shares to eligible shareholders.
- Application to BSE Limited for listing and trading approval of these newly allotted shares.
Why It Matters to Investors?
The fresh capital infusion is expected to enhance the company’s financial flexibility and support future growth initiatives. With a near 50% jump in equity capital, Alan Scott Enterprises has significantly strengthened its capital base. The company is also poised to pursue strategic initiatives and unlock long-term value.
What Did the CEO Say?
Commenting on the development, Sureshkumar Jain, Managing Director & CEO, reaffirmed the company’s commitment to value creation and transparency. He noted that this successful rights issue reflects investor trust in the company’s strategic direction and governance.
The board meeting, held at the company’s registered office, commenced at 9:40 AM and concluded at 10:00 AM IST.
About Alan Scott Enterprises Limited
Alan Scott Enterprises Limited operates from Mumbai and continues to focus on strengthening its shareholder base and pursuing strategic growth opportunities post its rebranding from Alan Scott Industries.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/a9779a4e-76dc-4800-88db-a398aab535b1.pdf
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