Submission of Statement of Deviation or Variation for the quarter ended March 31, 2026
BAGFILMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B.A.G. Films and Media Ltd has filed a statement confirming there is NO deviation or variation in the utilization of proceeds for Q4 FY26 (ending March 31, 2026). The company raised funds through warrant allotments totaling Rs. 1,018.88 lakh (Rs. 412.50 lakh from 2 crore warrants on March 19, 2026, and Rs. 606.38 lakh from conversion of 98 lakh equity shares on March 28, 2026). The funds were allocated across three objectives: Expansion of Business (Rs. 825 lakh), Investment in Projects (Rs. 412.50 lakh), and General Corporate Purposes (Rs. 412.50 lakh). No funds were utilized during the quarter as the company plans to deploy the amount in FY 2026-27. The statement was reviewed by the Audit Committee and signed by Company Secretary Ajay Mishra on May 25, 2026.
No immediate shareholder impact as the company confirms proper utilization intent with no deviation. The nil utilization indicates funds are being held pending deployment in the next financial year, which may take time to reflect in business outcomes.