BAG Films Completes Warrants Conversion as STMSL Allots Equity Shares in Preferential Deal
B.A.G. Films and Media Limited has approved the allotment of equity shares resulting from the conversion of warrants by Skyline Tele Media Services Limited (STMSL). The transaction, which took place on June 27, 2026, involves the issuance of 1,02,00,000 fully paid-up Equity Shares to STMSL.The move follows previous transactions involving the convertible warrants issued by B.A.G. Films and Media Limited to STMSL. Initially, in March 2026, the company had allotted 2,00,00,000 fully convertible warrants to STMSL at an issue price of Rs. 8.25 per warrant. The upfront payment received at that time amounted to Rs. 4,12,50,000, representing 25% of the total issue size of Rs. 16,50,00,000.
Subsequently, STMSL had converted 98,00,000 warrants into equity shares on March 28, 2026, receiving a balance consideration of Rs. 6,06,37,500 against these conversion.
The current allotment concerns the remaining convertible securities. The Securities Committee of the Board of Directors of B.A.G. Films and Media Limited approved the issuance of 1,02,00,000 fully paid-up Equity Shares to STMSL upon the exercise of warrants. These shares have a face value of Rs. 2/- each and were issued at an issue price of Rs. 8.25 per share, including a premium of Rs. 6.25 per share.
The allotment was completed after receiving the 75% balance subscription amount from STMSL, amounting to Rs. 6,31,12,500. The transaction was made on a preferential basis as part of an Extra-Ordinary General Meeting held on February 11, 2026.
Capital Structure Changes
The conversion significantly updates the company's capital structure. As per the approved allotment, the issued, subscribed and paid-up capital of B.A.G. Films and Media Limited is reflected as follows:| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Issued Capital (Number of Shares) | 20,77,18,090 | 21,79,18,090 |
| Subscribed Capital (Value in Rs.) | 41,54,36,180 | 43,58,36,180 |
| Paid Capital (Value in Rs.) | 41,54,36,180 | 43,58,36,180 |
Promoter Holding Status
The allotment impacts the shareholding of the promoter group. Prior to this transaction, the promoter group held 49.37% of the total issued capital (10,25,48,182 shares). Post-allotment, the promoter group's holding stands at 51.74% (11,27,48,182 shares).The newly allotted equity shares hold pari passu status with existing company equity in all respects, including dividend payment and voting rights.
BAGFILMS Stock Price Movement
Shares of B.A.G Films and Media Limited slipped by 1.68% on Thursday, closing at ₹4.60 as the equity shed value in trading. Through the session, the stock traded within a range of ₹4.52 to ₹4.88, with over 112,327 shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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