Monitoring Agency Report under Regulation 32 of SEBI (LODR) regulations, 2015
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd (formerly Indra Industries Ltd) has submitted the Monitoring Agency Report for the quarter ended September 30, 2025, prepared by Infomerics Valuation and Rating Limited. The report covers the utilization of Rs. 47.82 crore in net proceeds raised through a fully subscribed Rights Issue of 4,85,78,025 equity shares at Rs. 10 each, conducted from May 23 to June 9, 2025. The entire amount has been fully utilized with no deviation from the stated objects: Rs. 39 crore went towards funding working capital for film projects (movie rights purchases, business advances to film entities, vendor advances) and Rs. 8.82 crore went towards general corporate purposes including service advances, advocate fees, car purchases, insurance, GST dues, advertising, and director remuneration. The Audit Committee and Board of Directors reviewed and approved the report at their meeting held on November 12, 2025. The statutory auditor confirmed there were no deviations from the expenditure disclosed in the offer document.
This is a routine regulatory filing confirming disciplined and transparent use of the Rights Issue funds with no deviations or delays. It is a positive compliance signal but unlikely to materially move the stock price, as no new business or financial information is disclosed beyond fund utilization details.