7Seas Entertainment Limited has fixed Wednesday, September 23, 2026 as the record date for its 35th Annual General Meeting. The company’s register of members and share transfer books will remain closed from Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive) to ascertain eligibility to attend and vote.

The Board notified the BSE Limited Listing Department of these dates on September 5, 2026. The closure period aligns with the meeting scheduled for September 30, 2026, ensuring only shareholders on record before the cut-off can participate in the virtual gathering.

Agenda Items

The primary business for the meeting includes the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026. Members will also consider the reappointment of Mrs. Lingamaneni Hemalatha as a director liable to retire by rotation.

Mrs. Hemalatha serves as the Whole-time Director and Chief Financial Officer. She has offered herself for reappointment after retiring by rotation at the ensuing meeting. Her existing tenure and terms as CFO remain unchanged under this resolution.

Director Profile

Mrs. Hemalatha holds a Bachelor of Science degree and has experience in game testing and administration. She was first appointed to the board on March 27, 2015.

Her remuneration for FY25-26 was ₹18.00 lakh. No revision to her compensation is proposed under this resolution. She holds 4,40,000 shares in the company as on the date of the notice.

Voting Procedures

Remote e-voting will commence at 9:00 am IST on Sunday, September 27, 2026, and conclude at 5:00 pm IST on Tuesday, September 29, 2026. The cut-off date for voting eligibility is Wednesday, September 23, 2026.

Shareholders holding securities in demat mode can vote through their depository accounts with CDSL or NSDL. Physical shareholders must log in to the CDSL e-voting website using their folio number and PAN. The facility for appointing proxies is not available for this virtual meeting.

Mr. Puttaparthi Navajyoth, Partner at Puttaparthi Jagannatham and Co., has been appointed as the scrutinizer for the e-voting process. The results will be declared within timelines stipulated under SEBI Listing Regulations.

7Seas Entertainment reported a 33.9% increase in net profit after tax (PAT) to ₹222.90 lakh for the financial year ended March 31, 2026, driven by a 23.1% growth in revenue from operations to ₹2,011.55 lakh. The Hyderabad-based game developer also executed a preferential issue aggregating ₹17.32 crore during the year.

The company’s total income rose to ₹2,013.72 lakh from ₹1,646.10 lakh in FY25. While revenue expanded significantly, other income declined sharply from ₹11.81 lakh in the previous year to just ₹2.18 lakh. This drop in non-operating income contrasts with the robust growth in core services revenue, which stood at ₹2,010.86 lakh, primarily comprising export sales.

What the Numbers Show

A critical divergence exists between the company’s reported profitability and its operating cash flow. Despite recording a PAT of ₹222.90 lakh, cash generated from operations turned negative at -₹508.67 lakh, compared to -₹311.91 lakh in FY25. This deterioration was primarily driven by a surge in trade receivables, which more than doubled to ₹567.11 lakh from ₹213.80 lakh. Consequently, the trade receivables turnover ratio fell by 57.2% to 5.15 times, indicating slower conversion of sales into cash despite top-line growth.

Balance Sheet and Capital Raise

Total assets increased to ₹3,073.35 lakh as of March 31, 2026, supported by a strong equity base of ₹2,934.75 lakh. The debt-equity ratio improved dramatically by 94.4% to 0.0037 times as borrowings reduced to ₹10.73 lakh from ₹116.82 lakh.

During FY26, the company completed a preferential allotment of equity shares and convertible warrants. It received ₹7.55 crore in cash proceeds and converted ₹1.52 crore of promoter loans into equity. The remaining consideration linked to warrants is payable upon exercise.

Strategic Developments

Management highlighted the integration of AI-assisted tools into design and testing workflows to improve development efficiency. The Board did not recommend a dividend for FY26, opting instead to carry forward profits to retained earnings. The 35th Annual General Meeting is scheduled for September 30, 2026.