Alan Scott Enterprises Limited has completed its rights issue of 9,52,931 partly paid-up equity shares at a price of ₹75 per share, aggregating up to ₹714.70 lakhs. The allotment was finalized on September 17, 2026, following the closure of the subscription period on September 15, 2026.

The company offered the shares to eligible equity shareholders in a ratio of 1:6, meaning one right share for every six equity shares held as of the record date, August 21, 2026. The issue price included a premium of ₹65 per share over the face value of ₹10. The subscription window opened on September 1, 2026, and closed on September 15, 2026, with market renunciation ending on September 9, 2026.

Subscription and Allotment Details

The company received 1,191 applications for 25,49,900 right shares, amounting to ₹10,19,96,000. After processing rejections due to multiple applications, ineligible status, or PAN mismatches, 917 valid applications remained. The basis of allotment was finalized in consultation with the registrar and BSE Limited.

Note: The total amount listed above reflects the paid-up portion or specific allotment calculations as per the filing tables, distinct from the gross aggregate issue size.

What the Numbers Show

The data reveals a high rejection rate among retail applications. Out of 1,191 total applications, 273 were rejected, representing approximately 23% of the total count. A significant portion of these rejections (260 applications) stemmed from applicants not being eligible equity shareholders, suggesting potential errors in entitlement verification or application eligibility by a subset of investors. Despite this, the issue was fully subscribed, with all valid applications considered for allotment.

Regulatory Compliance and Timeline

The rights issue received in-principle approval from BSE on August 5, 2026, followed by listing approval on September 21, 2026. The post-issue advertisement was published in Financial Express, Janasatta, and Pratahaka on September 25, 2026. Demat credits for allotted shares were completed with depositories on September 21, 2026. The company confirmed that fractional entitlements were ignored as per SEBI circulars.

Alan Scott Enterprises approved the allotment of 9,52,931 partly paid equity shares through its rights issue on September 17, 2026. The Right Issue Committee sanctioned the move after the offer period concluded on September 15, 2026.

The company received applications for the shares at an issue price of ₹75 each, including a premium of ₹65 per share. Shareholders paid ₹40 per share as application money, aggregating to ₹3,81,17,240. The remaining balance of ₹35 per share is payable as and when called by the company.

Capital Structure Impact

The allotment affects the company’s paid-up share capital composition. The new partly paid shares carry a face value of ₹10 but are currently paid up to ₹7.50 each.

Regulatory Compliance

The committee’s decision aligns with the Companies Act, 2013, SEBI ICDR Regulations, 2018, and SEBI Listing Regulations, 2015. The company will apply to BSE Limited for listing and trading approval for the allotted partly paid shares.

What the Numbers Show

The rights issue raises immediate liquidity for the firm while diluting existing ownership structure. With ₹3.81 crore collected upfront against a total potential raise of approximately ₹7.15 crore (based on the full ₹75 issue price), the company has secured roughly 53% of the capital value immediately. The remaining balance represents a future cash inflow contingent on the company’s call notices.