The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Skyline Tele Media Services Ltd
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Skyline Tele Media Services Ltd, a promoter of B.A.G. Films and Media Ltd, has been allotted 2,00,00,000 convertible warrants through a preferential allotment on March 19, 2026. The promoter's existing voting shareholding remains at 2,72,25,524 shares (13.76% of total equity). On a fully diluted basis, post-conversion of these warrants, the promoter's stake will rise from 12.49% to 21.67% of the diluted share capital. The total diluted share capital of the company will increase to 21,79,18,090 shares after the allotment. No shares with voting rights were bought or sold; the increase is entirely through warrant instruments that will convert to equity later.
This is a positive signal of promoter confidence as the promoter is increasing its economic interest in the company. However, warrants carry no voting rights until exercised, so there is no immediate change in control. Shareholders should watch for further dilution if and when these warrants are converted into equity shares.