The Board of Directors has inter alia transacted following businesses Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, ....
Awaiting price reaction for this filing.
The Board of Directors of Bluegod Entertainment Ltd met on May 9, 2025 and finalised the terms of its previously approved Rights Issue. The company will issue 4,85,78,025 fully paid-up equity shares at Rs. 10 per share (at par, no premium), aggregating to about Rs. 48.58 Crores. The entitlement ratio is 15 new shares for every 2 shares held. The record date has been fixed as Thursday, May 15, 2025; the issue opens on May 23, 2025 and closes on June 6, 2025. Post-issue, the total equity base (assuming full subscription) will rise from about 64.77 lakh shares to roughly 5.51 crore shares. The full amount is payable on application, and renunciation of rights entitlements is allowed both on-market and off-market.
Existing shareholders will get a 15:2 rights entitlement and must decide whether to subscribe by June 6, 2025 to avoid dilution; the stock may trade ex-rights around the record date. Since the issue is priced at par with no premium, it is value-friendly for shareholders, but successful execution will significantly expand the company's share count by about 8.5 times.