Investment27 May 2026, 01:08 pm
Alan Scott Enterprises Raises ₹6.75 Cr via Preferential Issue
AI Summary
Alan Scott Enterprises Ltd. has successfully raised ₹6.75 Crores through a Preferential Issue, as per Chapter V of SEBI (ICDR) Regulations. The funds were raised on December 1, 2025, via allotment of 2,70,000 equity shares. The company initially aimed to raise ₹12.50 Crores, but two investors couldn't subscribe due to pending legal proceedings. The Audit Committee noted no deviation in the utilization of proceeds, aligning with the Letter of Offer dated November 20, 2025. The funds are allocated towards investments in subsidiaries.
Key Highlights
- Alan Scott Enterprises raised ₹6.75 Cr through a Preferential Issue.
- The funds were raised on December 1, 2025, by allotting 2,70,000 equity shares.
- Initial capital raise approval was for ₹12.50 Cr, but was reduced due to investor issues.
- Proceeds are allocated to investments in subsidiary equity and debentures.
- Audit Committee confirms no deviation in fund utilization from the stated objectives.
Price Impact
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