Alan Scott Enterprises Limited (ASEL) has reported a mixed set of financial results for the second quarter of fiscal year 2026, along with significant corporate developments, including board changes and a new acquisition.

Financial Performance

For Q2 FY26 ended September 30, 2025, ASEL reported:

The company's standalone performance showed improvement, with the net loss narrowing significantly compared to the same quarter last year. Net sales also saw a substantial increase from a zero base in Q2 FY25.

Subsidiary Performance

Alan Scott Retail Limited, a key subsidiary, demonstrated strong growth:

• Q2 FY26 sales: ₹807.84 lakhs
• YoY growth: 51.65% (compared to ₹532.71 lakhs in Q2 FY25)
• New store opening: One MINISO store in Haldwani during the quarter

Alan Scott Automation Robotics Limited reported:

• Q2 FY26 turnover: ₹30.08 lakhs
• QoQ change: Decrease from ₹49.16 lakhs in Q1 FY26

R&D and Product Development

The group's subsidiaries continued to make progress in various technology initiatives:

• Alan Scott Vajrashakti Technologies Pvt. Ltd.: Advancing the 'Zestwatt' energy-efficient heating system
• Alan Scott Learnix Pvt. Ltd.: Conducting proof-of-concept trials for 'KrishGuru' across 50 schools
• Alan Scott UpnUp Life Pvt. Ltd.: Final testing of a digital identity and trust score platform
• Alan Scott Omnis AI Pvt. Ltd.: Developing an agentic AI framework for enterprises and education

Corporate Developments

Board Changes

• Appointment: Mr. Kevin John (DIN: 11369050) as Additional Independent Director
• Resignation: Mr. Haresh Kantilal Parekh (DIN: 09116527) as Independent Director

New Acquisition

The board approved the acquisition of equity shares in Alanscott Qubiverse Limited, signaling potential expansion into new business areas.

Management Commentary

Suresh Kumar Pukhraj Jain, Managing Director & CEO, stated, "While our standalone performance has improved, we are particularly encouraged by the strong growth in our retail subsidiary. Our continued investments in R&D across various technology verticals position us well for future growth opportunities."

The company's focus on diversification and technology-driven initiatives appears to be a strategic move to drive long-term growth, despite short-term fluctuations in financial performance.

Investors and stakeholders will be watching closely to see how these initiatives translate into financial results in the coming quarters, particularly as Alan Scott Enterprises expands its retail footprint and brings new technologies to market.

Alan Scott Enterprises Limited has announced significant corporate developments following a board meeting held on November 13, 2025. The company, formerly known as Alan Scott Industries Limited, made key decisions regarding financial results, board composition, and a strategic acquisition.

Financial Results Approval

The board of directors approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2025. These results, accompanied by a limited review report from the auditors, were approved in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Board Changes

New Appointment

Mr. Kevin John (DIN: 11369050) has been appointed as an Additional Independent Director. His appointment is subject to the following terms:

• Will hold office until the next Annual General Meeting
• Subject to member approval, will serve for five consecutive years from the initial appointment date

Mr. John brings over 21 years of experience in education, training, and the vocational sector, complemented by his background in the Indian Army. He currently serves as Regional Head at SIP Academy, where he has driven significant profitability and revenue growth.

Director Resignation

Mr. Haresh Kantilal Parekh (DIN: 09116527) has resigned from his position as Independent Director, effective from the close of business hours on November 13, 2025. Mr. Parekh cited personal reasons and other professional commitments for his departure.

Strategic Acquisition

The board has approved the acquisition of equity shares in Alanscott Qubiverse Limited. While specific details of the acquisition were not disclosed, this move suggests a strategic expansion or diversification effort by Alan Scott Enterprises.

Meeting Details

The board meeting commenced at 11:15 AM (IST) and concluded at 12:20 PM (IST). The financial results and related disclosures will be available on the company's website at https://thealanscott.com/investor-relations under the quarterly result section.

Alan Scott Enterprises Limited continues to evolve its corporate structure and strategy, with these recent developments potentially setting the stage for future growth and expansion initiatives.