StockWatch
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Digital Entertainment
Regulatory30 May 2026, 07:11 pm

7Seas Ent: Nil Deviation in Preferential Allotment Proceeds

AI Summary

7Seas Entertainment Ltd. confirms no deviation or variation in the use of proceeds from its preferential allotment, as per Regulation 32 of SEBI guidelines. The ₹17,32,00,000 raised has been utilized as stated in the Letter of Offer, with ₹2,11,00,000 utilized during the quarter ended March 31, 2026. The Audit Committee reviewed and approved the Nil Statement of Deviation.

Key Highlights

  • 7Seas Entertainment confirms no deviation in preferential allotment proceeds.
  • ₹17,32,00,000 raised via preferential allotment.
  • ₹2,11,00,000 utilized during the quarter ended March 31, 2026.
  • Audit Committee reviewed and approved the Nil Deviation Statement.