Intimation of receipt of Final Listing and Trading Approvals
BAGFILMS · price
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B.A.G. Films and Media Ltd has received final listing and trading approvals from both BSE and NSE for 98,00,000 equity shares. These shares were issued at Rs. 2 face value with a premium of Rs. 6.25 per share (total issue price Rs. 8.25), following the conversion of an equal number of warrants that were previously allotted to the Promoter Group on a preferential basis. The shares will commence trading from May 19, 2026. According to the exchange annexure, these shares are subject to a lock-in period until November 27, 2027.
The conversion of warrants into equity shares will dilute the existing shareholders' stake. However, since these shares are locked in until November 2027, there will be no immediate selling pressure on the stock. The completion of this preferential allotment strengthens the Promoter Group's holding position in the company.