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Stock Report
Alan Scott Enterprises Raises ₹12.50 Crore via Preferential Issue to Fuel Next Phase of Growth
Posted On : 2025-10-06 14:20:46( TIMEZONE : IST )
Alan Scott Enterprises Limited (BSE: 539115), a diversified innovation-led holding company, has announced that its Board has approved the issuance of 5,00,000 fully paid-up equity shares at ₹250 per share, aggregating ₹12.50 crore, through a preferential allotment to reputed non-promoter investors (HNIs).
The funds will be deployed as equity and structured debt across subsidiaries, enabling the next level of expansion as most group companies transition from their R&D and prototype phase into proof-of-concept and commercial sales stage. This marks a pivotal moment in Alan Scott's journey to scale its technology-driven ventures spanning automation, clean energy, education, and wellness.
The Company also announced the appointment of Dr. Rishi Mohan Bhatnagar as an Additional Director on the Board. Dr. Bhatnagar is a globally recognized technology leader with over 25 years of experience in IoT, digital transformation, and innovation strategy. His strategic insights and governance experience will further strengthen the company's leadership as it accelerates growth across multiple domains.
Speaking on the occasion, Mr. Suresh P. Jain, Managing Director of Alan Scott Enterprises, said: "We are entering an exciting chapter. Our ventures have moved from ideas to tangible products and customer adoption. The support from reputed investors and the addition of Dr. Rishi Bhatnagar to our Board reaffirm the trust in our vision to build globally competitive businesses rooted in innovation and Indian excellence."
Shares of Alan Scott Enterprises Ltd was last trading in BSE at Rs. 286.25 as compared to the previous close of Rs. 272.65. The total number of shares traded during the day was 22359 in over 182 trades.
The stock hit an intraday high of Rs. 286.25 and intraday low of 259.05. The net turnover during the day was Rs. 6256896.00.
