Alan Scott Enterprises has scheduled its 32nd Annual General Meeting for September 29, 2026. The meeting will address board appointments and significant capital structure changes.

The event will be conducted via video conferencing or other audio-visual means. Shareholders can participate remotely starting September 24, 2026, with the voting window closing on September 28, 2026.

Board Appointments

Shareholders will vote on several director-related resolutions:

• Reappointment of Mr. Darshan Suresh Jain as a director retiring by rotation.
• Appointment of Mr. Kevin John as an independent director for a five-year term from November 13, 2025, to November 12, 2030.
• Appointment of Mr. Kakkayur Palliyil Pradeep as an independent director for a five-year term from July 4, 2026, to July 3, 2031.
• Reappointment of Mr. Sureshkumar Jain as Managing Director for five years, effective June 24, 2026, to June 23, 2031. He will not receive remuneration at present.

Capital Structure Changes

The company seeks approval for two special resolutions regarding financial limits:

These enhancements aim to support the company’s expansion plans across its subsidiaries operating in India.

Constitutional Updates

The agenda includes aligning the Memorandum of Association (MOA) and Articles of Association (AOA) with the Companies Act, 2013. This involves replacing references to the erstwhile Companies Act, 1956, with corresponding provisions from the current Act.

What the Numbers Show

The proposed doubling of both borrowing and investment limits from ₹25 crore to ₹50 crore signals an intent to scale operations or fund subsidiary activities without immediate equity dilution. The decision to keep the Managing Director’s role non-executive in terms of current remuneration suggests a focus on stabilizing governance before linking compensation to profitability.

Alan Scott Enterprises announced a rights issue of 9,52,932 partly paid-up equity shares at ₹75 each on a 1:6 basis. The issue aggregates up to ₹714.70 lakh and opens for subscription on September 1, 2026.

The company received in-principle approval from BSE Limited on August 5, 2026. Shareholders on record as of August 21, 2026 are eligible to subscribe. The issue closes on September 15, 2026, subject to extension by the Rights Issue Committee.

Issue Structure

The equity shares carry a face value of ₹10 each, with a premium of ₹65 per share. Investors must pay the application money upfront, with the call money due later.

Application Process

All investors must use the Application Supported by Blocked Amount (ASBA) process. Applications can be submitted through designated branches of Self-Certified Syndicate Banks (SCBSs) or electronically via SCBS websites. Physical shareholders must provide demat account details at least two working days before the closing date to receive rights entitlements.

Renunciation of rights entitlements is permitted from September 1 to September 9, 2026, through on-market trading on BSE Limited or off-market transfers. Unsubscribed and unrenounced entitlements will lapse after the issue closing date.

Key Dates

• Record Date: August 21, 2026
• Issue Opening: September 1, 2026
• Last Date for On-Market Renunciation: September 9, 2026
• Issue Closing: September 15, 2026

ICICI Bank Limited serves as the banker to the issue, while Brickwork Ratings India Private Limited acts as the monitoring agency. Purva Sharegrievy (India) Private Limited is the registrar.