Alan Scott Enterprises Rights Issue 2026: ₹7.15 Cr

Alan Scott Enterprises has announced a rights issue of 9,52,932 partly paid-up equity shares, priced at ₹75 per share, to raise up to ₹7.15 crore (₹714.70 lakh). The offer is structured on a 1:6 basis, meaning eligible shareholders can apply for one rights share for every six fully paid-up equity shares held on the record date.

The company has laid out a clear schedule for subscription, the renunciation window for rights entitlements, and the application process through ASBA. It has also specified that the shares will be issued as partly paid-up, with payment split between application money and a later call.

Issue size, price, and overall fund raise

The rights issue comprises up to 9,52,932 equity shares. Each share has a face value of ₹10 and is being issued at a premium of ₹65, taking the total issue price to ₹75 per share.

Based on full subscription, the total issue size is capped at ₹7.15 crore (also stated as ₹714.70 lakh in the company’s disclosures). The company has described the issuance as a fund-raising exercise through a rights issue route.

The shares are described as partly paid-up at the time of issuance because the total price is not collected fully at the application stage. The remaining portion is to be collected through a call at a later date.

Key dates: record date, open and close

Alan Scott Enterprises has fixed August 21, 2026 as the record date to determine eligible shareholders for the rights entitlements. Shareholders holding shares on this record date are eligible to receive rights entitlements under the announced ratio.

The subscription period is scheduled to open on September 1, 2026 and close on September 15, 2026. The company has stated that the closing date is subject to extension by the Rights Issue Committee.

A separate data point in the provided market information mentions a “subscription period” of May 27, 2026 to August 21, 2026. However, the company’s stated subscription window for applying to the rights issue is September 1 to September 15, 2026.

What the 1:6 entitlement ratio means

The entitlement ratio is 1:6. In practical terms, eligible equity shareholders holding six fully paid-up equity shares as on the record date will be entitled to receive one rights share.

Rights entitlements are typically credited based on shareholding as of the record date. Investors who buy shares after the last cum-rights date generally do not get the entitlement, and the provided details also mention August 20, 2026 as the last date to buy shares for eligibility.

This ratio defines the maximum number of rights shares a shareholder can apply for based on holdings, subject to the terms in the letter of offer. It also sets the framework for renunciation and trading of entitlements during the announced window.

Partly paid-up structure and payment schedule

The rights issue is structured with a split payment mechanism. Investors must pay application money upfront, and the balance is payable later through a call.

The company has provided the per-share payment schedule, including how the face value and premium are split at each stage.

This structure means the initially allotted rights shares will be partly paid-up until the call money is paid as per the company’s timeline for calls.

Application process: ASBA is mandatory

The company has specified that all investors must apply through the Application Supported by Blocked Amount (ASBA) process. Applications can be submitted through designated branches of Self-Certified Syndicate Banks (SCBSs) or electronically through SCBS websites.

The provided details also mention applying through net banking (ASBA) and via the registrar’s web-based facility (R-WAP). Investors typically need to ensure their bank account is ASBA-enabled and that the demat account details are correctly linked for credit of rights shares.

The company’s disclosures emphasise that the application money is to be paid upfront, with funds blocked under ASBA as per the application amount.

Demat requirement for physical shareholders

For shareholders holding shares in physical form, the company has highlighted a practical requirement. Physical shareholders must provide demat account details at least two working days before the closing date to receive the rights entitlements.

This is relevant because rights entitlements and allotment are operationally handled in dematerialised form. Any delay in submitting demat details can affect the ability to receive entitlements and participate within timelines.

Investors in physical form should therefore align documentation and demat linkage well ahead of the issue closing date.

Rights entitlement renunciation and trading window

Renunciation of rights entitlements is permitted from September 1 to September 9, 2026. The company has stated that renunciation can be done through on-market trading on BSE Limited or through off-market transfers.

The last date for on-market renunciation is September 9, 2026. This provides a defined window for investors who do not wish to subscribe to sell or transfer their entitlements, subject to market and operational processes.

Separate data fields in the provided material also indicate that the RE trading start and last dates were “to be announced” in one section. But the renunciation window of September 1 to September 9, 2026 is explicitly stated.

What happens to unsubscribed entitlements

The company has clarified that unsubscribed and unrenounced entitlements will lapse after the issue closing date. This is an important operational detail for investors who neither apply nor renounce within the permitted period.

Because the issue closes on September 15, 2026 (subject to extension), investors must take action within the subscription window if they want to subscribe, or within the renunciation window if they want to transfer entitlements.

The lapse mechanism means inaction can result in losing the opportunity embedded in the entitlement.

Approvals, intermediaries, and listing venue

Alan Scott Enterprises said its Rights Issue Committee approved the final Letter of Offer and key terms, including the price, record date, and entitlement ratio. The record date and other terms were determined during the committee meeting held on August 13, 2026, as per the provided details.

The rights issue shares are indicated to be listed on BSE. The material also names Purva Sharegistry (India) Pvt. Ltd. as the registrar to the issue.

The company’s disclosures reference compliance with the Companies Act, 2013 and related rules, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Context: earlier rights issue and company naming

The provided information notes that Alan Scott Enterprises Limited was formerly known as Alan Scott Industries Limited. It also references earlier disclosures and BSE’s in-principle approval for a proposed rights issue.

Separately, the text mentions an earlier rights issue that closed on May 29, 2025, which was stated to be fully subscribed. That issue involved 18,15,863 equity shares at ₹40 per share (including a ₹30 premium), raising ₹7.26 crore and increasing paid-up share capital from ₹3.63 crore to ₹5.45 crore.

This historical reference shows the company has previously used the rights issue route and completed an issuance with full subscription, based on the disclosed 2025 outcome.

Key facts at a glance

Why these details matter for shareholders

For eligible shareholders, the practical decisions revolve around three timelines: receiving entitlements based on the August 21, 2026 record date, deciding whether to subscribe within September 1 to September 15, 2026, and renouncing entitlements by September 9, 2026 if they do not plan to apply.

The split payment structure also matters because the initial allotment is partly paid-up, with a first call of ₹35 per share due later. Investors should align liquidity planning with both the application money and subsequent call obligations described in the issue terms.

Operationally, the mandatory ASBA route and the demat requirement for physical shareholders can influence last-mile execution. Missing documentation or timelines can lead to entitlements lapsing after the issue closes.

Conclusion

Alan Scott Enterprises’ rights issue is structured to raise up to ₹7.15 crore through 9,52,932 rights shares priced at ₹75 each, with eligibility linked to the August 21, 2026 record date. Subscription is scheduled from September 1 to September 15, 2026, and renunciation of rights entitlements is allowed until September 9, 2026.

Next steps for investors are tied to the company’s final letter of offer process, ASBA-based application execution, and monitoring any extension of the closing date by the Rights Issue Committee.