B.A.G. Films and Media Limited
Key Finding
The company reported no deviation or variation in the utilization of funds raised through a preferential issue during the quarter ended June 30, 2026.
Fundraising Details
- Total Issue Size: ₹1,650.00 lakh (16.5 crore)
- Instrument: 2,00,00,000 warrants convertible into equity shares of ₹2 each at an issue price of ₹8.25 per warrant
- Quarterly Receipt (Q1 FY27): ₹631.12 lakh received on June 27, 2026 from conversion of 1,02,00,000 warrants into equity shares
Fund Utilization Breakdown (as per original objects)
- Expansion of Business:
- Original Allocation: ₹825.00 lakh
- Amount Utilized: ₹211.50 lakh
- Status: No deviation/variation
- Remark: The company will utilize the balance amount in Financial Year 2026-27
- Investment in Projects:
- Original Allocation: ₹412.50 lakh
- Amount Utilized: ₹412.50 lakh (fully utilized)
- Status: No deviation/variation
- General Corporate Purposes:
- Original Allocation: ₹412.50 lakh
- Amount Utilized: ₹394.88 lakh
- Status: No deviation/variation
- Total Funds Utilized: ₹1,018.88 lakh
Chronology of Fund Receipts
1. March 19, 2026: Received ₹412.50 lakh from allotment of 2,00,00,000 warrants (25% of total issue size)
2. March 28, 2026: Received ₹606.38 lakh from conversion of 98,00,000 warrants into equity shares
3. June 27, 2026: Received ₹631.12 lakh from conversion of 1,02,00,000 warrants into equity shares
4. Total Received: ₹1,650.00 lakh (complete issue amount)
Audit Committee Review
The Audit Committee reviewed and confirmed that during the quarter, the company received ₹631.12 lakh from the allottee, representing the 75% balance subscription amount upon allotment of 1,02,00,000 equity shares on conversion of an equal number of warrants.
Auditor Comments
No comments from auditors were provided in the disclosure.