Alan Scott Industries has informed that the Board of Directors in its meeting, held today, 15th December, 2021, has decided to enter into the field of retail business in joint venture with Vasibala Ventures. The Company will be operating franchise stores in India. For the purpose, the Company is in process of incorporating a subsidiary company in the name and style 'Allan Scott Retail Limited and Allan Scott will be holding about 85% of the issued, subscribed and paid-up capital of the said subsidiary.
The above information is a part of company’s filings submitted to BSE.
