B.A.G Films and Media Limited has informed the Exchange regarding allotment of 9800000 securities pursuant to Preferential Issue at its meeting held on March 28, 2026
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B.A.G Films and Media Limited has allotted 98 lakh fully paid-up equity shares to Skyline Tele Media Services Limited (STMSL), a member of the promoter group, on conversion of warrants at Rs. 8.25 per share (face value Rs. 2, premium Rs. 6.25) on a preferential basis. The company has now received the balance 75% subscription amount of Rs. 6.06 crore from STMSL, completing the conversion. This follows the original allotment of 2 crore convertible warrants to STMSL on March 19, 2026, at the same issue price, against which 25% (Rs. 4.125 crore) was paid earlier. As a result of this allotment, the promoter group shareholding has risen from 46.86% to 49.37% of the paid-up capital.
Promoter group stake has increased by about 2.5 percentage points, reflecting continued financial commitment and confidence from the promoters. Existing minority shareholders face further dilution, although the fresh capital is coming from the promoters themselves rather than outside investors.