B.A.G Films and Media Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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B.A.G Films and Media Limited has submitted Regulation 31(4) disclosures to BSE and NSE from all six promoter and promoter group entities. The promoters — Anuradha Prasad Shukla (2,30,49,190 shares), Sudhir Shukla (26,700 shares), Jyoti Shukla (1,900 shares) — along with promoter group companies ARVR Communications Pvt Ltd (3,81,94,868 shares), Skyline Telemedia Services Ltd (2,72,25,524 shares), and B.A.G. Live Entertainment Ltd (42,50,000 shares) have all confirmed that as of March 31, 2025, they have not created any encumbrance (pledge, lien, or similar charge) on their shares, directly or indirectly, during the financial year ended March 31, 2025. Combined promoter and promoter group holding stands at approximately 9.27 crore equity shares. This is a routine annual compliance filing required under SEBI Takeover Regulations.
This is a routine annual compliance disclosure and is largely neutral for shareholders. The confirmation that promoters have not pledged or encumbered their shares during the year is mildly reassuring, as it rules out any new leverage or forced-sale risk arising from fresh pledges.