Notice of Shareholders Meeting held through postal ballot
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd (formerly Indra Industries Ltd, Scrip Code 539175) is seeking shareholder approval via postal ballot (remote e-voting from July 22 to August 20, 2025) for a stock split. The proposal is to sub-divide every 1 equity share of face value Rs. 10 into 10 equity shares of face value Re. 1. The company's current paid-up equity capital is Rs. 55.05 crore, comprising 5,50,55,095 shares of Rs. 10 each, and authorized capital is Rs. 56 crore. After the split, the authorized capital will be reclassified into 56 crore shares of Re. 1 each. The company states the split is intended to improve liquidity, broaden the shareholder base, and make the stock more affordable for small retail investors. Voting percentage and shareholder rights remain unchanged.
If approved, each existing share of Rs. 10 will become 10 shares of Re. 1, increasing the total share count 10-fold while proportionally reducing the per-share price. The overall value of holdings stays the same, but the lower ticket size should improve affordability and trading liquidity, potentially attracting more retail participation.