7Seas Entertainment board meets May 29 to consider FY26 results

7seas entertainment has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The meeting will be held at the company's Registered Office located at 5th Floor, Plot No. 92, 93 & 94, Kavuri Hills, Madhapur, Hyderabad, Telangana – 500034.

The primary agenda for the meeting is to consider and approve the audited financial results of the company for the quarter and financial year ended March 31, 2026. Additionally, the board will review the audit report for the respective period.

Agenda Items

The board will deliberate on the following key matters:

Audited Financial Results for the quarter and financial year ended March 31, 2026
Audit Report for the quarter and financial year ended March 31, 2026
Any other business with the permission of the Chair

The intimation was submitted to the exchange on May 25, 2026, under Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by L. Maruti Sanker, Managing Director.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.95%	+1.50%	-0.61%	-5.99%	+10.35%	+805.26%

7Seas Entertainment Limited has submitted its first monitoring agency report to BSE for the quarter ended March 31, 2026. The report, issued by Brickwork Ratings India Private Limited, details the utilization of funds raised through a preferential issue aggregating ₹17.32 crore. The company confirmed that there were no deviations from the objects of the issue and that all government statutory approvals related to the objects have been obtained.

Issue Details

The company raised funds through the preferential issue of equity shares and convertible warrants. The total issue size was ₹17.32 crore, comprising 7,90,000 equity shares and 13,75,000 convertible warrants priced at ₹80 each. As of March 31, 2026, the company received ₹7.55 crore against the total issue proceeds. This includes ₹4.80 crore for equity shares and ₹2.75 crore for warrants, representing 25% of the total warrant proceeds.

Particulars	Total Number of Securities	Price (₹)	Value as per offer Document (₹ Crore)	Amount Received (₹ Crore)
Equity Shares	7,90,000	80	6.32	4.80
Convertible Warrants	13,75,000	80	11.00	2.75
Total	21,65,000		17.32	7.55

Fund Utilization

The proceeds were allocated towards working capital requirements, new projects, capital expenditure, and general corporate purposes. The monitoring agency verified that all utilization was as per the disclosures in the offer document. During the quarter, ₹0.16 crore was utilized for working capital, ₹0.24 crore for new projects, and ₹1.71 crore for general corporate purposes.

Sr. No.	Item Head	Amount Proposed (₹ Crore)	Amount Utilized (₹ Crore)
1.	Working Capital requirement	8.00	0.16
2.	Investment into new projects	5.00	0.24
3.	Capital Expenditure	0.82	0.00
4.	General Corporate Purposes	3.50	1.71

Deployment of Unutilized Proceeds

The unutilized issue proceeds totaling ₹6.95 crore were deployed in short-term deposits with Union Bank of India and a bank account. The deposits offer returns ranging from 3.00% to 6.60% with maturity dates extending from April 2026 to June 2027. The company stated that there were no delays in the implementation of the objects and no unfavorable events affecting their viability.