B.A.G Films and Media Limited has informed the Exchange regarding allotment of 20000000 securities pursuant to Convertible Securities at its meeting held on March 19, 2026
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B.A.G Films and Media has allotted 2 crore fully convertible warrants to Skyline Tele Media Services Limited, a member of its promoter group, on a preferential basis. Each warrant carries a face value of Rs. 2 and is priced at Rs. 8.25, taking the total issue size to Rs. 16.5 crore. The promoter group entity has paid 25% upfront (Rs. 4.125 crore), with the remaining 75% due within 18 months when warrants are converted into equity shares. The move has been approved by shareholders at an EGM held on February 11, 2026, and has received in-principle approval from both BSE and NSE. There is no immediate change in the company's paid-up equity share capital since these are warrants, not shares.
This is a promoter-group capital infusion, which signals continued promoter confidence but also sets up potential future dilution. The immediate cash inflow is only Rs. 4.125 crore (25% upfront), with the remaining Rs. 12.375 crore expected over the next 18 months upon conversion. Shareholders should track the warrant conversion timeline and the company's deployment of these funds.