Regulatory14 Aug 2026, 04:57 pm
7Seas Entertainment: No Deviation in Preferential Issue Proceeds Utilization
AI Summary
7Seas Entertainment Ltd has submitted its Second Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms no deviation in the utilization of funds raised through a preferential issue of equity shares and convertible warrants. The total funds raised were ₹17.32 Crore. The Audit Committee and Board of Directors have reviewed and taken on record the report, confirming that the utilization aligns with the stated objects. The company has received ₹7.55 Crore of the total issue proceeds as of June 30, 2026.
Key Highlights
- No deviation reported in the utilization of preferential issue proceeds.
- Funds raised were ₹17.32 Crore via equity shares and warrants.
- Report reviewed and accepted by Audit Committee and Board of Directors.
- Monitoring Agency confirmed utilization aligns with stated objects.
- ₹7.55 Crore received as of June 30, 2026.
Price Impact
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