Intimation of Notice of Postal Ballot for E-Voting of Bluegod Entertainment Limited
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd (formerly Indra Industries Ltd) has issued a Postal Ballot notice seeking shareholder approval to increase the company's Authorised Share Capital from ₹56 crore to ₹90 crore, by adding 34 crore new equity shares of ₹1 each. The proposal also includes amending the Capital clause (Clause V) of the Memorandum of Association accordingly. The Board recommended this at its meeting held on 20th January 2026 to facilitate future fundraising, including a possible Rights Issue. E-voting opens on 23rd January 2026 (9:00 AM) and closes on 21st February 2026 (5:00 PM), with the cut-off date set as 16th January 2026. Results will be announced within two working days after the e-voting period ends. Vishakha Agrawal and Associates has been appointed as scrutinizer for the process.
If approved, the company will have the headroom to issue up to 34 crore additional shares in the future, potentially leading to share dilution for existing shareholders. This is a preparatory step that signals a possible equity fundraise such as a Rights Issue, but no actual shares will be issued just from this resolution. Shareholders should vote before 21st February 2026 to have their say on the capital expansion.