B.A.G. Films and Media Limited Allots Equity Shares Following Warrant Conversion
B.A.G. Films and Media Limited announced the allotment of 98,00,000 fully paid up equity shares following the exercise and conversion of warrants by Skyline Tele Media Services Limited (STMSL), a member of the promoter group. The allotment occurred on March 28, 2026, as approved by the Securities Committee of the Board of Directors.STMSL had been previously allotted 2,00,000 fully convertible warrants at an issue price of Rs. 8.25 per warrant on March 19, 2026. The company received Rs. 4,12,50,000, which is equivalent to 25% of the total issue size of Rs. 16,50,00,000 at the time of warrant allotment.
The 98,00,000 warrants were converted into equity shares with a face value of Rs. 2 each, at a price of Rs. 8.25 per share, including a premium of Rs. 6.25 per share. This conversion resulted in the receipt of an additional Rs. 6,06,37,500 from STMSL.
Following the allotment, the issued, subscribed, and paid-up capital of the company is as follows:
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Equity Share Capital | 19,79,18,090 | 20,77,18,090 |
| Value (face value of Rs. 2/- each) (in Rs.) | 39,58,36,180 | 41,54,36,180 |
| Subscribed Capital | 19,79,180,90 | 20,77,18,090 |
The promoter group’s shareholding increased from 46.86% to 49.37% of the total issued capital.
STMSL has the option to convert the remaining 1,02,00,000 warrants by September 18, 2027. The newly allotted shares will rank pari passu with existing shares, entitling them to dividend payments and voting rights. Detailed disclosures regarding the allotment are available on the company’s website at https://bagnetwork24.in/.
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