StockWatch
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Film Production- Distribution & Exhibition
Management Change24 Jun 2026, 12:47 pm

Alan Scott Enterprises re-appoints Sureshkumar Jain as MD for 5 years

AI Summary

Alan Scott Enterprises Limited announced the re-appointment of Mr. Sureshkumar Jain as Managing Director for a further term of 5 years, effective June 24, 2026, until June 23, 2031. This decision was approved by the Board of Directors during their meeting held on June 24, 2026. The re-appointment is subject to shareholder and other necessary regulatory approvals. The Board also approved the draft Letter of Offer and appointment of intermediaries for a proposed Rights Issue. Mr. Jain is not debarred from holding a directorial office by any regulatory authority.

Key Highlights

  • Sureshkumar Jain re-appointed as Managing Director for 5 years.
  • New term effective June 24, 2026, to June 23, 2031.
  • Re-appointment requires shareholder and regulatory approval.
  • Board also approved draft Letter of Offer for Rights Issue.