Corporate News
Alan Scott Enterprises Limited announced that there was no deviation or variation in the utilisation of funds raised through its rights issue of 9,52,931 partly paid-up equity shares for the quarter ended September 30, 2026, according to a filing with the BSE Limited. The rights issue, comprising shares allotted on September 17, 2026, aggregated to Rs 714.70 lakhs, with Rs 381.17 lakhs received on application, and Rs 200.00 lakhs of that amount having been utilised as of September 30, 2026, for subscribing to non-convertible debentures of its subsidiaries, Alan Scott Retail Limited, Alan Scott Automation & Robotics Limited, Alan Scott Bluverge Private Limited, Alan Scott Vajrashakti Technologies Limited, Alan Scott UpnUp Life Limited, and Alan Scott Omnis AI Limited, as well as for issue expenses and general corporate purposes.