Monitoring Agency Report for the Quarter Ended March 31, 2026
Awaiting price reaction for this filing.
Bluegod Entertainment has submitted its first Monitoring Agency Report for the Rs.30.92 crore Rights Issue (completed March 20, 2026). The issue was subscribed at 97.78%, reducing the original target of Rs.31.62 crore. As of March 31, 2026, Rs.30.36 crore (98.2%) of the raised proceeds have been deployed: Rs.25 crore toward film content acquisition (movie rights), Rs.4.50 crore as service advances for film-related activities, Rs.0.75 crore for issue expenses, and Rs.0.11 crore consultancy fees. Rs.0.56 crore remains unutilized in ICICI Bank accounts. The Monitoring Agency (Infomerics Valuation) confirms no deviations from the stated objects, no delays in implementation, and full compliance with BSE listing requirements. Working capital deployment for film projects is complete; general corporate purpose utilization is ongoing through FY26-27 as permitted.
This is a routine compliance filing with no red flags. The rights issue proceeds are being deployed as disclosed, with no material deviations. Shareholders can note that film production funding is on track and the small unutilized balance is appropriately held in bank accounts pending deployment.