B.A.G Films and Media Limited has informed the Exchange regarding 'Intimation of receipt of Listing Approval from Stock Exchanges'.
BAGFILMS · price
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B.A.G Films and Media Limited has received listing approval from both BSE Limited and National Stock Exchange of India Limited for 98,00,000 equity shares. These shares were issued at Rs. 2 per share with a premium of Rs. 6.25 per share, totaling an issue value of approximately Rs. 8.09 crore. The shares were allotted to members of the Promoter Group on a preferential basis pursuant to the conversion of 98,00,000 warrants into equity shares. Both exchanges granted listing approval on May 5, 2026. Trading approval is subject to confirmation from depositories NSDL and CDSL regarding credit of shares and lock-in requirements.
This preferential allotment increases the Promoter Group's holding in the company. While it demonstrates promoter confidence, it dilutes the equity base for existing shareholders by nearly 5.7% based on the expanded share capital.