Outcome of the Meeting of the Board of Directors of Bluegod Entertainment Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 - Allotment of Equity Shares
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd (formerly Indra Industries Ltd) has completed the allotment of 4,85,78,025 equity shares under its Rights Issue at ₹10 per share, which is equal to the face value (issued at par). The total amount raised is approximately ₹48.58 crore. The allotment was approved by the Rights Issue Committee and Board on June 23, 2025, in line with the Letter of Offer dated May 9, 2025 and the Basis of Allotment finalised with BSE. The company has also indicated that it will voluntarily appoint a SEBI-registered Credit Rating Agency as Monitoring Agency to oversee utilisation of funds raised through the Rights Issue, in compliance with SEBI (ICDR) Regulations, 2018.
Existing shareholders who did not subscribe to the Rights Issue will see their stake diluted. The company gets a capital infusion of about ₹48.58 crore to fund its plans, though specific use of proceeds is not disclosed in this filing. The appointment of a monitoring agency is a positive governance signal for retail investors.