Alan Scott Enterprises Limited has announced the making of a First and Final Call of ₹35 per partly paid-up equity share issued under its recent rights issue. The call amount comprises ₹2.50 towards face value and ₹32.50 towards securities premium.

The decision was taken by the Right Issue Committee during a meeting held on October 5, 2026, at the company's registered office in Mumbai. The meeting, originally scheduled for 3:00 pm, was rescheduled to 6:00 pm due to inadvertence and concluded at 6:20 pm.

Call details and payment window

The call applies to 9,52,931 outstanding partly paid-up equity shares with a face value of ₹10 each. These shares were issued on a rights basis pursuant to the Letter of Offer dated August 13, 2026.

The company stated that detailed terms and instructions will be set out in the First and Final Call Notice. This notice will be dispatched electronically to shareholders whose email addresses are registered with the company, its Registrar and Transfer Agent (RTA), or Depository Participant (DP) as on the record date. Physical copies, including the ASBA Form and payment slip, will be sent to those without registered email addresses.

Record date and eligibility

Friday, October 9, 2026, has been fixed as the Record Date. This date determines which equity shareholders are eligible to make payment of the call and receive the subsequent notice. The fixation aligns with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Managing Director and CEO, Sureshkumar Jain, signed off on the disclosure to BSE Limited regarding the outcome of the committee meeting.

Alan Scott Enterprises held its 32nd Annual General Meeting on September 29, 2026, via video conferencing. The meeting addressed financial performance, governance updates, and several special business resolutions.

Governance and Board Appointments

The Board proposed and members considered the appointment of two new Independent Directors for five-year terms: Mr. Kevin John (DIN: 11369050) and Mr. Kakkayur Palliyil Pradeep (DIN: 05190515). Additionally, Mr. Sureshkumar Jain (DIN: 00048463), the Managing Director and CEO, was reappointed for a term of five years effective from June 24, 2026, to June 23, 2031. Ms. Darshan Suresh Jain (DIN: 07392244) was also re-appointed as she retired by rotation.

The meeting noted that the company’s name change from Alan Scott Industries Limited to Alan Scott Enterprises Limited was approved at the 29th AGM in September 2023. A certificate from the Practicing Auditor confirming compliance with SEBI listing regulations regarding this name change was placed before the members for record, following an inadvertent omission in previous meetings.

Special Business Resolutions

Shareholders voted on several special resolutions aimed at expanding operational flexibility and updating corporate governance documents:

• Borrowing Powers: Approval to increase the borrowing powers of the company.
• Investments and Loans: Approval to make investments, grant loans, provide guarantees, and give securities in excess of limits specified under Section 186 of the Companies Act, 2013.
• Constitutional Changes: Approval to alter the Memorandum of Association (MOA) and adopt a new set of Articles of Association (AOA) in line with the Companies Act, 2013.

Adoption of New Articles of Association

In a specific disclosure regarding constitutional changes, the company informed BSE Limited that members approved the alteration of its Articles of Association (AOA). The existing AOA was based on the provisions of the erstwhile Companies Act, 1956 and contained references to specific provisions of that act. The members approved the adoption of a new set of AOA in substitution of and to the exclusion of the existing AOA, ensuring conformity with the provisions of the Companies Act, 2013 and Table F of Schedule I thereto. This update aligns the company's internal governance framework with current statutory requirements.

Financial Performance Briefing

Mr. Sureshkumar Jain briefed members on the financial performance of the company and its subsidiaries for the fiscal year ended March 31, 2026, compared to the previous year. The Chairman also outlined the strategic roadmap for the company and its subsidiaries. The audited standalone and consolidated financial statements for FY26 were presented for adoption.

Meeting Proceedings

The meeting commenced at 11:30 am and concluded at 11:58 am. Voting results will be declared upon receipt of the Scrutinizer's Report. The requisite quorum was present throughout the proceedings.