Outcome of the Meeting of the Board of Directors of Bluegod Entertainment Limited held today i.e. Tuesday, January 20, 2026
Awaiting price reaction for this filing.
The Board of Directors of Bluegod Entertainment Ltd met on January 20, 2026, and approved a Rights Issue of equity shares (face value Rs. 1 each) for an aggregate amount not exceeding Rs. 33 Crores, to be offered to existing eligible shareholders on a rights basis. The Board also approved the Draft Letter of Offer for filing with BSE and constituted a Rights Issue Committee comprising Mr. Amit Bajaj (Chairman), Mr. Nitin Ashokkumar Khanna, and Mrs. Saloni Mehra. Additionally, the Board approved increasing the Authorised Share Capital from Rs. 56 Crores (56 Crore equity shares) to Rs. 90 Crores (90 Crore equity shares), requiring shareholder approval via Postal Ballot. The cut-off date for e-voting eligibility was fixed as January 16, 2026, and Vishakha Agrawal & Associates was appointed as Scrutinizer for the postal ballot process.
Existing shareholders will be eligible to participate in the Rs. 33 Crore Rights Issue, but new equity issuance may lead to dilution if shareholders do not subscribe to their full entitlement. The Authorised Capital increase (subject to shareholder approval via Postal Ballot) gives the company headroom for future fundraising, signalling potential further capital raising plans ahead.