Alan Scott Enterprises Limited (formerly known as Alan Scott Industries Limited), a listed entity on BSE Limited, has officially concluded the rights issue process announced via its Letter of Offer dated April 24, 2025. The company conducted a board meeting on Wednesday, June 4, 2025, at its registered office, during which several key resolutions regarding the rights issue were approved.

In continuation of the previous disclosures made on April 24, 2025, September 5, 2024, and August 14, 2024, the company announced the successful completion of the rights issue, which opened earlier and concluded on Thursday, May 29, 2025.

As per the company’s disclosure, it received full subscription for the offer comprising 18,15,863 equity shares of face value ₹10 each. These shares were offered at a price of ₹40 per share, which includes a premium of ₹30. The total capital raised through this rights issue is a substantial ₹7,26,34,520.

Key Approvals by the Board of Directors

At the board meeting held on June 4, 2025, the following resolutions were unanimously approved by the Directors:

1. Allotment of 18,15,863 fully paid-up equity shares to eligible shareholders.

2. Authorisation to apply to BSE Limited for listing cum trading approval of the newly issued shares.

This move confirms the company's compliance with applicable provisions under the Companies Act, 2013, SEBI ICDR Regulations, 2018, and SEBI (LODR) Regulations, 2015. The entire regulatory framework ensures that the process was legally sound and transparent.

Revised Share Capital Structure

Post allotment, the paid-up capital of Alan Scott Enterprises has increased significantly. The details are as follows:

This represents a substantial increase in the capital base, which indicates the company's robust investor trust and the positive response from shareholders.

Implication for Shareholders and Investors

The successful closure and full subscription of the rights issue reflect strong investor confidence in the company's strategic direction and growth prospects. The infusion of ₹7.26 crore will aid Alan Scott Enterprises in strengthening its financials, potentially funding business expansion, operational improvements, or debt restructuring.

With the application for listing approval at BSE now underway, investors can expect enhanced liquidity in the company’s equity shares. The increased capital base may also open up new opportunities for further fund-raising or strategic collaborations in the near future.

Timeline and Procedural Compliance

The company has maintained transparency and procedural clarity throughout this process:

• Rights Issue Closure: May 29, 2025

• Board Meeting Date: June 4, 2025

• Meeting Duration: 09:40 am to 10:00 am IST

• Disclosures made to BSE: As per listing regulations

By adhering to this timeline and fulfilling SEBI and BSE requirements, Alan Scott Enterprises ensures that it remains a compliant and responsible corporate entity.

Final Words from the Management

The official communication was signed by Sureshkumar Jain, Managing Director & CEO, bearing DIN: 00048463, and was dispatched from Mumbai. The management has reiterated its commitment to keeping shareholders informed and complying with all necessary regulatory disclosures.

The company has formally requested BSE Limited and its shareholders to take this development on record, highlighting its focus on transparency and investor trust.

Conclusion

The allotment of 18.15 lakh shares, successful subscription of ₹7.26 crore, and increase in paid-up capital mark a significant milestone in the journey of Alan Scott Enterprises Limited. This move will likely contribute positively to the company’s financial health and market positioning.

Investors, stakeholders, and market observers should now look forward to the next step—listing and trading approval from BSE, which will unlock further potential for liquidity and price discovery in Alan Scott’s equity shares

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The Current active IPO are Ganga Bath Fittings,.

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