Alan Scott Enterprises Board Approves Metastar Media Acquisition for INR 2.74 Crore
Alan Scott Enterprises Limited officially completed its board meeting on March 30, 2026, approving the strategic acquisition of Metastar Media Private Limited for INR 2,74,40,000. The acquisition involves purchasing 1,40,000 equity shares at INR 196 per share, giving the company a 60% stake in the Web3 platform operator. Metastar operates Artisteverse.in, hosting renowned celebrities and demonstrating strong growth from NIL turnover in FY 2022-23 to INR 4,01,222.13 in FY 2024-25.
*this image is generated using AI for illustrative purposes only.
Alan Scott Enterprises Limited has officially announced the completion of its board meeting held on March 30, 2026, approving the strategic acquisition of additional equity shares in Metastar Media Private Limited. The board meeting, conducted at the company's registered office, commenced at 02:00 PM and concluded at 02:45 PM (IST), with the acquisition valued at INR 2,74,40,000.
Board Meeting Outcome and Regulatory Compliance
In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has informed BSE Limited about the board's decision. This disclosure continues from earlier communications made on November 07, 2024, and July 11, 2025, regarding the acquisition process. Post-acquisition, Metastar will become a subsidiary of Alan Scott Enterprises Limited with a 60.00% shareholding on a fully diluted basis.
| Meeting Details: | Information |
|---|---|
| Date: | March 30, 2026 |
| Time: | 02:00 PM to 02:45 PM (IST) |
| Venue: | Registered Office |
| Scrip Code: | 539115 |
| Regulatory Compliance: | Regulation 30 SEBI (LODR) 2015 |
Acquisition Structure and Financial Details
The acquisition involves purchasing 1,40,000 equity shares at INR 196 per share, including a premium of INR 186. The transaction is structured as a cash consideration deal with an indicative completion timeline of two months. The total acquisition cost amounts to INR 2,74,40,000, representing a significant investment in the Web3 technology space.
| Transaction Parameters: | Details |
|---|---|
| Total Acquisition Cost: | INR 2,74,40,000 |
| Number of Shares: | 1,40,000 equity shares |
| Price per Share: | INR 196 (including INR 186 premium) |
| Shareholding Percentage: | 60.00% (post-acquisition) |
| Nature of Consideration: | Cash consideration |
| Completion Timeline: | Two months |
Metastar Media: Web3 Platform and Business Model
Metastar Media Private Limited, incorporated on April 26, 2022, operates in the Web3 space through its unique platform, Artisteverse.in. The platform enables independent artists to engage directly with their fans and monetize their work while creating a lasting legacy. Artisteverse currently hosts renowned celebrities including Bickram Ghosh, Manasi Scott, Priyadarshini Govind, Puryaban Chatterjee, and the Indian Ocean Band.
| Company Profile: | Information |
|---|---|
| Incorporation Date: | April 26, 2022 |
| Authorized Share Capital: | INR 1,10,00,000 |
| Paid-up Share Capital: | INR 11,00,000 |
| Industry Sector: | Web3 space (Technology) |
| Primary Platform: | Artisteverse.in |
Financial Performance and Growth Trajectory
Metastar has demonstrated remarkable growth since its incorporation, with turnover increasing from NIL in FY 2022-23 to INR 4,01,222.13 in FY 2024-25. The platform is currently in an exciting phase of growth, continually adding more artists and exploring new monetizing opportunities including tutorials, merchandising, branded products, and new music releases.
| Financial Performance: | Turnover (INR) |
|---|---|
| FY 2022-23: | NIL |
| FY 2023-24: | 11,133 |
| FY 2024-25: | 4,01,222.13 |
Related Party Transaction and Strategic Rationale
The acquisition is categorized as a related party transaction since Mr. Sureshkumar Jain, Director of Alan Scott Enterprises Limited, presently holds a majority stake in Metastar and is also a promoter of Alan Scott Enterprises Limited. The transaction is being carried out at proper valuation with no governmental or regulatory approvals required. The company believes this acquisition will significantly bolster its presence in the Web3 domain and drive substantial growth and innovation in the digital engagement and monetization landscape.
Historical Stock Returns for Alan Scott Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.45% | -12.43% | -8.83% | -17.48% | +80.61% | +1,711.59% |
How will Alan Scott Enterprises integrate Artisteverse's Web3 capabilities with its existing business operations to maximize synergies?
What expansion plans does Alan Scott have for scaling Artisteverse beyond its current celebrity roster to capture a larger market share?
Could this acquisition signal Alan Scott's broader strategy to build a portfolio of Web3 and digital entertainment assets?
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