Investment28 March 2026 at 11:31 am
B.A.G. Films and Media Ltd: Securities Committee Approves Allotment of 98,00,000 Equity Shares
AI Summary
B.A.G. Films and Media Ltd announced that the Securities Committee of the Board of Directors has approved the allotment of 98,00,000 fully paid up equity shares to Skyline Tele Media Services Limited (STMSL), a member of the promoter group, at a price of Rs. 8.25/- per share. This decision comes after STMSL opted to exercise and convert 98,00,000 Warrants into fully paid up equity shares of the Company. The allotment is in accordance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, the Companies Act, 2013 and other applicable laws.
Key Highlights
- B.A.G. Films and Media Ltd approves allotment of 98,00,000 equity shares to Skyline Tele Media Services Limited.
- The allotment is at a price of Rs. 8.25/- per share, including a premium of Rs. 6.25/- per share.
- The decision comes after STMSL opted to convert 98,00,000 Warrants into equity shares.
- The allotment is in accordance with SEBI ICDR Regulations, the Companies Act, 2013 and other applicable laws.
- The promoter group shareholding increases from 46.86% to 49.37% due to the allotment.