Alan Scott Industries Ltd — Dividend/Bonus, 07-05-2025: Corp. Action

Alan Scott Enterprises Limited (formerly Alan Scott Industries Limited) has announced a rights issue of up to 18.16 lakh fully paid-up equity shares at ₹40 each (including ₹30 premium) on a 1:2 basis to existing eligible shareholders, aiming to raise approximately ₹72.63 Cr. The net proceeds will fund acquisitions to increase equity stakes in its subsidiaries—Alan Scott Retail Limited and Alan Scott Automation & Robotics Limited—as well as fresh equity investments in Alan Scott Envirotech Private Limited, Alan Scott Upnup Life Private Limited, and Metastar Media Private Limited, along with general corporate purposes. The company operates mainly as an investment entity through its subsidiaries engaged in retail, technology, and healthcare sectors. The promoter, Mr. Sureshkumar Pukhraj Jain, holds 63.77% and intends to subscribe to his full entitlement and any unsubscribed portion. Recent operations show revenues growing via subsidiaries, though consolidated losses persist, with continuing net losses reported and modest standalone profit in the latest period. The issue will be conducted via ASBA only, with shares allotted in dematerialized form and listed on BSE Limited. There are no outstanding litigations or contingent liabilities affecting the company or its promoters.