Alan Scott Industries Ltd — Updates, 12-05-2025: Company Update

Alan Scott Enterprises Limited has announced a board meeting to approve a rights issue of 18,15,863 fully paid-up equity shares at ₹40 each (including a premium of ₹30 per share), aggregating to ₹726.34 lakhs. The rights issue will be offered in the ratio of 1 equity share for every 2 shares held by eligible shareholders on the record date. The issue price is four times the face value of the shares. Applications must be made through the ASBA process, and shares will be allotted only in dematerialized form to the same depository account held on the record date. Eligible shareholders holding shares in physical form must update their demat details to participate. Rights entitlements are tradable on BSE during the renunciation period through on-market and off-market transfers. The company has completed dispatch of issue materials electronically and by post to eligible shareholders. The rights shares will be credited to a temporary ISIN and listed upon final approvals. Investors are advised to review the Letter of Offer available on the company and stock exchange websites for detailed information including risks.