Promoter Group Converts Remaining 1.02 Crore Warrants into Equity Shares
BAGFILMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B.A.G. Films and Media has allotted 1,02,00,000 equity shares (face value Rs. 2 each) at Rs. 8.25 per share to promoter group entity Skyline Tele Media Services upon conversion of the remaining warrants. The company received Rs. 6.31 crore as the balance 75 percent subscription amount. This completes the conversion of all 2 crore warrants originally issued in March 2026. Promoter group holding rises from 49.37 percent to 51.74 percent. Paid-up equity capital increases to about Rs. 43.58 crore from Rs. 41.54 crore.
Mild dilution for non-promoter shareholders as promoter stake rises to 51.74 percent. No fresh capital; balance subscription was already committed in March 2026.