The Standard Model, if extended to the energy scale of O(1)\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$${\\mathscr {O}}(1)$$\\end{document} TeV, the known particle spectrum could be augmented with a scalar leptoquark. Within this minimally extended framework, explaining the anomalous magnetic moment and electric dipole moment simultaneously for the three lepton generations over a parameter space consistent with all the lepton flavor violating bounds is possible. Such a model can be tested or falsified through the collider search experiments and/or by probing the low-energy lepton phenomena. This work studies the current prospects of the model in the presence of recent experimental updates for the leptonic observables.