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Awaiting price reaction for this filing.
7Seas Entertainment has appointed Brickwork Ratings India Private Limited as the Monitoring Agency to oversee how the company uses the money raised from its preferential issue of equity shares. Brickwork is a SEBI-registered credit rating agency and will submit periodic monitoring reports until all issue proceeds are fully used. These reports will be reviewed by the Audit Committee and Board, and shared with stock exchanges as required under SEBI listing rules. The appointment was approved by the Board on 14 February 2026.
This is a routine regulatory compliance step after a preferential share issuance. It signals that the company has completed (or is completing) a preferential equity raise and is formalizing third-party oversight of how that money is spent, which is generally reassuring for shareholders but does not by itself move the stock.