7Seas Entertainment Ltd

7Seas Entertainment Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Insider Trading Policy. The trading window will be shut from July 1, 2026, until 48 hours after the declaration of the Unaudited Financial Results for the quarter ended June 30, 2026. The specific date for the board meeting to approve these results will be communicated separately. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

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.

7Seas Entertainment Ltd's board meeting on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The company reported revenue from operations of ₹2011.55 lakhs and a net profit after tax of ₹222.90 lakhs for the year ended March 31, 2026. The board also noted the resignation of Mr. K. Pradeep Kumar as a Non-Executive Independent Director and approved the appointment of M/s. Patcha & Associates as the Internal Auditors for FY 2026-27. The statutory auditors, M/s. Sathuluri & Co., issued an unmodified opinion on the audited financial results.

7Seas Entertainment Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026, along with the audit report for the same period. The meeting will be held at the company's registered office in Hyderabad.

7Seas Entertainment Ltd has submitted a Monitoring Agency Report by Brickwork Ratings for the quarter ended March 31, 2026, regarding the utilization of funds raised through a preferential issue. The funds raised amounted to ₹17.32 Crore through equity shares and convertible warrants. The report indicates no deviation from the stated objectives for the use of these funds, as per SEBI (ICDR) Regulations, 2018.

7Seas Entertainment Ltd. has announced its strategic expansion into AI-powered game development and cinematic content creation. The company is integrating AI across various aspects of game design and content production. They plan to release new and upgraded gaming titles before Christmas. The global AI Gaming market is projected to grow from USD 4.3 billion in 2025 to over USD 51 billion by 2033. 7Seas was also recognized at the LK International Short Film Festival 2026 for its AI short film Sand and Fire.

L Maruti Sanker, belonging to the Promoter of 7Seas Entertainment Ltd, has acquired 1,50,000 equity shares via preferential allotment. This acquisition represents a 0.65% increase in shareholding. Post-acquisition, L Maruti Sanker holds 62,40,821 shares, representing 27.00% of the company's equity.

L Hemalatha, a promoter of 7Seas Entertainment Ltd, acquired 40,000 equity shares through preferential allotment. This acquisition falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 and Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Following the acquisition, Hemalatha's total holding stands at 440,000 shares, representing 1.90% of the equity share capital.

Lingamaneni Anirudh, a promoter of 7Seas Entertainment Ltd, acquired 150,000 convertible warrants via preferential allotment. This acquisition falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Post-acquisition, Anirudh holds 150,000 warrants, representing 0.61% of the total diluted share/voting capital. The acquisition date is April 16, 2026.

Mr. K. Pradeep Kumar has resigned as a Non-Executive Director of 7Seas Entertainment Ltd, effective April 18, 2026. The resignation is attributed to professional responsibilities and personal reasons. The Board of Directors has acknowledged his resignation and expressed appreciation for his services. Mr. Kumar confirmed there are no other material reasons for his departure beyond those stated.