Alan Scott Enterprises Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed on April 10, 2026, with key regulatory bodies and depositories.

Regulatory Filing Details

The company submitted the mandatory certificate to three primary institutions:

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The registrar provided confirmation on April 01, 2026, certifying compliance with dematerialisation procedures during Q4 FY26.

The registrar confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed and that all securities comprised in the certificates have been listed on stock exchanges where previously issued securities are traded.

Compliance Procedures

The certificate confirms adherence to prescribed regulatory timelines and procedures:

• Securities received for dematerialisation were confirmed or rejected within stipulated timeframes
• Security certificates were mutilated and cancelled after proper verification by depository participants
• Depository names were substituted in the register of members as registered owners
• All procedures followed SEBI guidelines for depositories and participants

Management Authorization

Sureshkumar Jain, Managing Director & CEO (DIN: 00048463), signed the filing on behalf of Alan Scott Enterprises Limited. The document was digitally signed on April 10, 2026, from Mumbai, ensuring proper authorization and compliance with corporate governance requirements.

Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, provided the registrar's confirmation, completing the regulatory filing process for Q4 FY26.

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.

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.

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.

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.

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.