Newspaper Advertisement relating to Right Issue of Bluegod Entertainment Limited (Formerly Known as Indra Industries Limited)
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd has filed copies of the public notice/advertisement published in newspapers on March 11, 2026, as required under SEBI LODR Regulation 47, to inform shareholders about the opening of its Rights Issue. The company is issuing 3 Rights Equity Shares of Re. 1 face value each at a price of Rs. 2 per share (including Rs. 1 premium) for every 57 fully paid-up equity shares held as on the Record Date of Friday, March 13, 2026. The total issue size aggregates to Rs. 31,68,621,665 (approximately Rs. 316.86 crore). The Rights Issue opened on March 11, 2026, and will close on Thursday, March 19, 2026, with the Letter of Offer dispatched to eligible shareholders and ASBA being the mandatory application route.
Eligible shareholders can subscribe to the Rights Issue at Rs. 2 per share, with the entitlement credited to their demat accounts based on holdings as of March 13, 2026. The stock may see short-term price pressure as the ex-rights adjustment approaches and as the rights trade at a discount to the market price, while non-subscribing shareholders face dilution of their holdings.