This is a regulatory compliance filing submitted to the BSE Limited, detailing the utilization of funds raised through a preferential issue. The company had raised an amount of INR 6,75,00,000 (Indian Rupees Six Crores Seventy-Five Lakhs) through a Preferential Issue to a select group of non-promoter investors, in accordance with Chapter V of the SEBI (ICDR) Regulations. The allotment of 2,70,000 Equity Shares occurred on December 1, 2025.

The initial approval for the capital raise was for a larger amount of INR 12,50,00,000 (Indian Rupees Twelve Crores Fifty Lakhs). However, the final amount raised was lower because two investors were unable to subscribe to the offer due to pending legal proceedings that were sub judice at the time of allotment. A revised objects of the offer was approved by the Board and intimated to the exchange and stakeholders via a communication dated December 1, 2025.

The company confirms that there was no deviation and/or variation in the utilization of the issue proceeds from the objects stated in the Letter of Offer (LOF). The funds have been fully utilized in accordance with the revised objects. The details of utilization are provided in Annexure 1.

Utilization of Proceeds (Annexure 1)

The total amount raised was INR 675.00 Lakhs. The breakdown of its utilization is as follows:

  • Investment in equity shares of Alan Scott Bluverge Private Limited: INR 100.00 Lakhs utilized. No deviation.
  • Investment in equity shares of Alan Scott UpNup Life Limited: INR 100.00 Lakhs utilized. No deviation. The company notes the subsidiary's name was updated from 'Private Limited' to 'Limited' due to a conversion to a public limited company.
  • Investment in equity shares of Alanscott Learnix Limited: INR 100.00 Lakhs utilized. No deviation. The company notes the subsidiary's name was updated from 'Private Limited' to 'Limited' due to a conversion to a public limited company.
  • Investment in equity shares of Alanscott Omnis Al Limited: INR 100.00 Lakhs utilized. No deviation. The company notes the subsidiary's name was updated from 'Private Limited' to 'Limited' due to a conversion to a public limited company.
  • Investment in equity shares of group company Alanscott Satwik Himalayan Products Private Limited: INR 50.00 Lakhs utilized. No deviation.
  • Subscription to 10% Non-Convertible Debentures (NCDs) of Alan Scott Bluverge Private Limited: INR 50.00 Lakhs utilized. No deviation.
  • Subscription to 10% Non-Convertible Debentures (NCDs) of Alan Scott Automation Limited: INR 100.00 Lakhs utilized. No deviation.
  • Issue Expenses: INR 5.44 Lakhs utilized against an original allocation of INR 25.00 Lakhs. The unutilized balance of INR 19.56 Lakhs was reallocated to general corporate purposes. No deviation reported.
  • General Corporate Purposes: INR 69.56 Lakhs utilized, which includes the reallocated INR 19.56 Lakhs from issue expenses, against an original allocation of INR 50.00 Lakhs. No deviation reported.

Notes and Clarifications

1. The names of several subsidiaries were updated from 'Private Limited' to 'Limited' following their conversion to public limited companies, and the updated names are reflected in the annexure.

2. The 'Original Allocation' column in the annexure reflects the amounts from the revised objects of the offer approved on December 1, 2025.

3. The actual expenditure on issue expenses was lower than allocated (INR 5.44 Lakhs vs. INR 25.00 Lakhs). The surplus was reallocated to general corporate purposes, and the total utilization for this purpose remained within the limits prescribed under SEBI (ICDR) Regulations, 2018.