Disclosure by the company in terms of Regulation 30 of SEBI (LODR) Regulations, 2015 regarding further investment in wholly owned subsidiary - Modern Productions FZ LLC, UAE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vashu Bhagnani Industries Ltd (formerly Pooja Entertainment and Films Ltd) has invested INR 10.09 Crores in Modern Productions FZ LLC, UAE by subscribing to 4,419 shares at AED 100 face value plus AED 781 premium per share. This is an additional investment following a previous INR 50 Crores infusion in September 2025. The subsidiary is in film and television production/distribution business, with total assets of INR 2,604.44 lakhs as of March 31, 2026 and turnover of INR 732.63 lakhs for FY 2025-26. The investment aims to enhance working capital and fund new real estate business ventures.
This additional capital infusion into the UAE subsidiary signals management's intent to expand operations, including diversification into real estate. While the related party transaction has been approved by the Audit Committee and conducted at arm's length, investors should monitor returns from these new ventures.