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.

Alan Scott Enterprises Limited (ASEL) has announced significant corporate developments, including a rescheduled board meeting and a strategic acquisition in the quantum technology sector. These moves signal the company's focus on expanding its technological capabilities and potential market reach.

Board Meeting Rescheduled

The company has rescheduled its board meeting from November 6, 2025, to November 13, 2025. This meeting will address two key agenda items:

1. Approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.
2. Acquisition of equity shares in Alanscott Qubiverse Limited (AQL).

Strategic Acquisition in Quantum Technology

ASEL has announced its intention to acquire a controlling stake in Alanscott Qubiverse Limited (AQL), a newly incorporated technology company. Here are the key details of the acquisition:

AQL, incorporated on September 9, 2025, is positioned at the forefront of quantum-inspired computing and artificial intelligence. The company's focus areas include:

• Quantum-inspired computing models
• Offline artificial intelligence systems
• Quantum-secured data infrastructure
• Educational technology
• Trust score frameworks
• Predictive analytics for weather, finance, and governance

This acquisition aligns with ASEL's growth and expansion plans, potentially enhancing its technological capabilities in emerging fields.

Related Party Transaction

The acquisition qualifies as a related party transaction, as ASEL's promoter, Sureshkumar Jain, holds a 39.99% stake in AQL. Despite this connection, the company asserts that the transaction is being conducted on a fair and transparent basis, prioritizing the interests of ASEL and its stakeholders.

Trading Window Closure

In compliance with regulatory requirements, ASEL has announced that the trading window for insiders will remain closed until 48 hours after the declaration of the financial results.

This strategic move by Alan Scott Enterprises Limited reflects a growing trend among companies to invest in cutting-edge technologies. The acquisition of AQL could potentially position ASEL to capitalize on the emerging opportunities in quantum computing and AI, although the long-term impact remains to be seen as AQL is a newly established entity with no reported turnover yet.

Investors and market watchers will likely keep a close eye on how this acquisition unfolds and its potential impact on ASEL's future performance and market position in the technology sector.