Alan Scott Enterprises Board Approves Metastar Media Acquisition for INR 2.74 Crore

Alan Scott Enterprises Limited has officially announced the completion of its board meeting held on March 30, 2026, approving the strategic acquisition of additional equity shares in Metastar Media Private Limited. The board meeting, conducted at the company's registered office, commenced at 02:00 PM and concluded at 02:45 PM (IST), with the acquisition valued at INR 2,74,40,000.

Board Meeting Outcome and Regulatory Compliance

In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has informed BSE Limited about the board's decision. This disclosure continues from earlier communications made on November 07, 2024, and July 11, 2025, regarding the acquisition process. Post-acquisition, Metastar will become a subsidiary of Alan Scott Enterprises Limited with a 60.00% shareholding on a fully diluted basis.

Meeting Details: Information Date: March 30, 2026 Time: 02:00 PM to 02:45 PM (IST) Venue: Registered Office Scrip Code: 539115 Regulatory Compliance: Regulation 30 SEBI (LODR) 2015

Acquisition Structure and Financial Details

The acquisition involves purchasing 1,40,000 equity shares at INR 196 per share, including a premium of INR 186. The transaction is structured as a cash consideration deal with an indicative completion timeline of two months. The total acquisition cost amounts to INR 2,74,40,000, representing a significant investment in the Web3 technology space.

Transaction Parameters: Details Total Acquisition Cost: INR 2,74,40,000 Number of Shares: 1,40,000 equity shares Price per Share: INR 196 (including INR 186 premium) Shareholding Percentage: 60.00% (post-acquisition) Nature of Consideration: Cash consideration Completion Timeline: Two months

Metastar Media: Web3 Platform and Business Model

Metastar Media Private Limited, incorporated on April 26, 2022, operates in the Web3 space through its unique platform, Artisteverse.in. The platform enables independent artists to engage directly with their fans and monetize their work while creating a lasting legacy. Artisteverse currently hosts renowned celebrities including Bickram Ghosh, Manasi Scott, Priyadarshini Govind, Puryaban Chatterjee, and the Indian Ocean Band.

Company Profile: Information Incorporation Date: April 26, 2022 Authorized Share Capital: INR 1,10,00,000 Paid-up Share Capital: INR 11,00,000 Industry Sector: Web3 space (Technology) Primary Platform: Artisteverse.in

Financial Performance and Growth Trajectory

Metastar has demonstrated remarkable growth since its incorporation, with turnover increasing from NIL in FY 2022-23 to INR 4,01,222.13 in FY 2024-25. The platform is currently in an exciting phase of growth, continually adding more artists and exploring new monetizing opportunities including tutorials, merchandising, branded products, and new music releases.

Financial Performance: Turnover (INR) FY 2022-23: NIL FY 2023-24: 11,133 FY 2024-25: 4,01,222.13

Related Party Transaction and Strategic Rationale

The acquisition is categorized as a related party transaction since Mr. Sureshkumar Jain, Director of Alan Scott Enterprises Limited, presently holds a majority stake in Metastar and is also a promoter of Alan Scott Enterprises Limited. The transaction is being carried out at proper valuation with no governmental or regulatory approvals required. The company believes this acquisition will significantly bolster its presence in the Web3 domain and drive substantial growth and innovation in the digital engagement and monetization landscape.

Alan Scott Enterprises Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during a board meeting held on February 09, 2026. The company reported consolidated revenue of INR 909.96 lakhs but faced operational challenges with a net loss of INR 112.60 lakhs before tax.

Board Meeting and Regulatory Compliance

The board meeting, conducted from 11:00 AM to 12:05 PM (IST) at the company's registered office, approved the quarterly financial results under Regulation 33 of SEBI regulations. Managing Director and CEO Sureshkumar Jain (DIN: 00048463) signed off on the comprehensive disclosure, ensuring compliance with listing obligations and disclosure requirements.

Q3FY26 Financial Performance

The company's consolidated operations showed mixed results across different business segments during the quarter ended December 31, 2025.

Metric: Q3FY26 Q3FY25 Change (%) Revenue from Operations: INR 909.96 lakhs INR 966.35 lakhs -5.84% Profit Before Tax: INR -112.60 lakhs INR 54.94 lakhs -305.00% Net Profit After Tax: INR -112.60 lakhs INR 54.94 lakhs -305.00% Finance Cost: INR 69.64 lakhs INR 52.93 lakhs +31.57%

Segment-wise Performance Analysis

Retail Business Performance

The retail segment demonstrated resilience with revenue growth of 19.61%, achieving INR 815.91 lakhs compared to INR 682.12 lakhs in the previous year quarter. However, the segment faced margin pressure due to softer discretionary consumption environment and longer maturity periods for newer stores.

Parameter: Q3FY26 Q3FY25 Nine Months FY26 Retail Revenue: INR 815.91 lakhs INR 682.12 lakhs INR 2,456.79 lakhs Retail Segment Result: INR 17.85 lakhs INR -27.63 lakhs INR 116.38 lakhs Retail Assets: INR 1,903.52 lakhs INR 2,449.53 lakhs INR 1,903.52 lakhs

Automation & Robotics Challenges

The automation and robotics division experienced significant revenue decline, recording INR 10.77 lakhs compared to INR 101.32 lakhs in the previous year quarter. The segment reported a loss of INR 53.11 lakhs, primarily due to internal restructuring and sales realignment as the company transitions from standardized offerings to higher-value integrated solutions.

Technology and Innovation Segments

The "others" segment, encompassing various technology platforms, generated INR 83.28 lakhs in revenue compared to INR 182.91 lakhs in the previous year. This segment includes multiple incubation-stage technology platforms across education, AI, environmental technology, and digital identity solutions.

Business Portfolio Overview

The company operates a diversified portfolio spanning retail operations, automation solutions, and emerging technology platforms. Key business units include:

MINISO Retail Operations: The retail business achieved 19.61% growth despite challenging market conditions, with management focusing on operational efficiency and cost discipline.

Technology Platforms: Multiple subsidiaries are in various development stages, including Learnix (education and AI), UpnUp Life (digital identity platform), Omnis AI (enterprise AI solutions), and Bluverge (drone technology applications).

Environmental Solutions: Envirotech remains in pilot and customer-validation phase with core products technically ready for commercial rollout.

Strategic Capital Deployment

During the quarter, the company raised funds through preferential allotment, with proceeds being deployed in a calibrated manner aligned with defined milestones across businesses. The company previously announced strategic acquisitions across five subsidiaries totaling INR 4,82,90,000, demonstrating its commitment to diversifying its technology-focused portfolio.

Future Outlook and Management Focus

Management remains focused on balancing near-term operational discipline with long-term value creation through patient capital allocation. The company is emphasizing improving unit economics, strengthening operational efficiency, and ensuring execution readiness across its technology platforms before accelerated rollout phases.

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