Regulatory14 Aug 2026, 04:26 pm
7Seas Entertainment: Nil Deviation in Preferential Allotment Fund Use
AI Summary
7Seas Entertainment Ltd has filed a Nil Statement for the quarter ended June 30, 2026, confirming no deviation or variation in the utilization of proceeds from its Preferential Allotment. The funds, amounting to ₹17,32,00,000 raised on February 25, 2026, were used in line with the stated objects in the Letter of Offer. The statement, reviewed by the Audit Committee and monitored by Brickwork Ratings India Private Limited, indicates that all raised funds were utilized for working capital, investment in new projects, and capital expenditure as originally planned. This filing adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- No deviation reported in the use of preferential allotment funds for Q2 FY27.
- ₹17.32 crore raised on Feb 25, 2026, used as per stated objects.
- Funds allocated to working capital and new project investments.
- Statement reviewed by Audit Committee and monitored by Brickwork Ratings.
- Compliance with SEBI LODR Regulations confirmed.
Price Impact
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