Alan Scott Enterprises Reports No Deviation in Fund Utilization for Q3FY26
Alan Scott Enterprises Limited has filed its Q3FY26 compliance report confirming no deviation in fund utilization from its ₹675.00 lakhs preferential issue completed on December 01, 2025. The company has utilized ₹109.39 lakhs so far, primarily for subsidiary equity investments and general corporate purposes, with full audit committee approval and regulatory compliance.
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Alan Scott Enterprises Limited has submitted its quarterly compliance report to BSE Limited, confirming no deviation in the utilization of funds raised through a preferential issue for the quarter ended December 31, 2025. The statement was filed under Regulation 32 of SEBI (LODR) Regulations, 2015.
Fund Raising Details
The company successfully raised ₹675.00 lakhs through a preferential issue to select group of non-promoter investors. The allotment of 2,70,000 equity shares was completed on December 01, 2025, pursuant to the Letter of Offer dated November 20, 2025.
| Parameter | Details |
|---|---|
| Mode of Fund Raising | Preferential Issue to select group of investors (non-promoter) |
| Date of Allotment | December 01, 2025 |
| Amount Raised | ₹675.00 lakhs |
| Equity Shares Allotted | 2,70,000 |
| Quarter Ended | December 31, 2025 |
Revised Allocation Due to Legal Constraints
The company initially received approval for a capital raise of ₹12.50 crores. However, two investors were unable to subscribe to the preferential offer during the offer period due to pending legal proceedings that were sub judice at the time of allotment. Consequently, the allotment was made only to the remaining eligible investors, and a revised objects of the offer was approved by the Board on December 1, 2025.
Fund Utilization Breakdown
Out of the total ₹675.00 lakhs raised, the company has utilized ₹109.39 lakhs across various objectives. The utilization pattern shows strategic focus on subsidiary investments and operational requirements.
| Objective Category | Original Allocation (₹ lakhs) | Funds Utilized (₹ lakhs) | Status |
|---|---|---|---|
| Equity Investment - Alan Scott Bluverge Pvt Ltd | 100.00 | 60.00 | Partial |
| Equity Investment - Other Subsidiaries | 350.00 | 0.00 | Pending |
| NCD Subscriptions | 150.00 | 0.00 | Pending |
| Issue Expenses | 25.00 | 3.73 | Partial |
| General Corporate Purposes | 50.00 | 45.66 | Near Complete |
| Total | 675.00 | 109.39 | 16.2% Utilized |
Subsidiary Investment Plans
The fund utilization plan includes investments in multiple subsidiaries and group companies:
- Alan Scott Bluverge Private Limited: ₹100.00 lakhs allocated for equity investment, ₹60.00 lakhs utilized
- Alan Scott UpNup Life Limited: ₹100.00 lakhs allocated (converted from private to public limited company)
- AlanScott Learnix Limited: ₹100.00 lakhs allocated (converted from private to public limited company)
- Alanscott Omnis AI Limited: ₹100.00 lakhs allocated (converted from private to public limited company)
- Alanscott Satwik Himalayan Products Private Limited: ₹50.00 lakhs allocated for group company investment
Compliance and Audit Confirmation
The Audit Committee has reviewed and noted that there is no deviation in the utilization of proceeds from the preferential issue, as disclosed in the Letter of Offer dated November 20, 2025. The company's auditors have provided no adverse comments on the fund utilization. The company has confirmed full compliance with Regulation 32 of SEBI (LODR) Regulations, 2015, with no deviation or variation from the stated objects in the Letter of Offer.
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% |
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