B.A.G Films and Media Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 28, 2026.
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B.A.G Films and Media Limited has allotted 98,00,000 equity shares to Skyline Tele Media Services Limited (STMSL), a promoter group entity, upon conversion of warrants issued on a preferential basis. The warrants were originally allotted on March 19, 2026 at Rs. 8.25 per share, and STMSL has now exercised the option to convert 98 lakh warrants (out of 2 crore allotted) by paying the balance 75% amount of Rs. 6.06 crore. Following this allotment, the promoter group shareholding in the company has increased from 46.86% to 49.37%.
This conversion strengthens promoter group shareholding and brings in Rs. 6.06 crore of fresh capital into the company. The remaining unconverted warrants (1.02 crore) are still outstanding and could lead to further equity dilution if exercised later.