7Seas Entertainment Limited Submits Q4FY26 SEBI Compliance Certificate for Dematerialization Process

1 min read     Updated on 11 Apr 2026, 03:07 PM
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7Seas Entertainment Limited filed its Q4FY26 confirmation certificate under SEBI Regulation 74(5) on April 11, 2026, certifying proper dematerialization processes. The certificate, signed by Managing Director L. Maruti Sanker, confirms securities were mutilated and cancelled after verification, with depository names updated in company records within stipulated timelines. The underlying certification from Registrar Venture Capital and Corporate Investments Private Limited confirmed compliance with 15-day processing requirements for NSDL and CDSL depositories.

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7seas entertainment Limited has submitted its quarterly confirmation certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The certificate, dated April 11, 2026, was signed by Managing Director L. Maruti Sanker and submitted to BSE Limited at P.J. Towers, Dalal Street, Mumbai. The document certifies compliance with Regulation 74(5) of SEBI regulations for the company's dematerialization processes during Q4FY26.

Certificate Details: Information
Quarter Period: Ended March 31, 2026
Submission Date: April 11, 2026
BSE Scrip Code: 540874
Signatory: L. Maruti Sanker, Managing Director
DIN: 01095047

Dematerialization Process Confirmation

The company certified that securities received for dematerialization have been mutilated and cancelled after due verification. The certificate confirms that the name of the depository has been substituted in the company's records as the registered owner within the stipulated time of receipt of the certificate of security.

Additionally, 7Seas Entertainment confirmed that the dematerialized securities are listed on the stock exchange where the earlier issued securities are listed, ensuring continuity in trading operations.

Registrar and Transfer Agent Certification

The underlying certification was provided by Venture Capital and Corporate Investments Private Limited, the company's Registrar and Transfer Agent, dated April 6, 2026. This certification confirmed several key compliance aspects:

  • Securities received for dematerialization were mutilated and cancelled after due verification
  • Depository names (NSDL and CDSL) were updated in company records as registered owners
  • Processing completed within the mandatory 15-day timeline
  • Security details furnished to relevant stock exchanges
Depository Information: Details
Primary Depositories: NSDL and CDSL
Processing Timeline: Within 15 days of receipt
Documentation: Valid DRF & Share certificates
Compliance Period: Q4FY26

Digital Authentication

The certificate bears the digital signature of Managing Director L. Maruti Sanker, authenticated on April 11, 2026, at 14:47:22 +05'30'. The digital signature includes comprehensive authentication details confirming the document's authenticity and regulatory compliance.

This quarterly filing demonstrates 7Seas Entertainment's adherence to SEBI's depositories and participants regulations, ensuring proper handling of dematerialization processes and maintaining transparency with stock exchange authorities.

What operational or strategic changes might 7Seas Entertainment implement to streamline their dematerialization processes in FY27?

How could potential updates to SEBI's depositories regulations impact 7Seas Entertainment's compliance costs and procedures?

Will 7Seas Entertainment consider switching registrar and transfer agents to optimize their quarterly compliance processes?

7Seas Entertainment Board Approves Allotment of Convertible Warrants and Equity Shares Worth ₹11 Crore

2 min read     Updated on 25 Feb 2026, 05:22 PM
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7Seas Entertainment Limited's board approved allotment of 13.75 lakh convertible warrants at ₹80 each, raising ₹11 crore with ₹2.75 crore received upfront. Additionally, 7.90 lakh equity shares were allotted at ₹80 per share with ₹70 premium. Both allotments received BSE approval and will provide equal rights to new shareholders from the allotment date.

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7seas entertainment Limited has announced significant capital raising measures through its board resolution passed on February 25, 2026. The company's board approved the allotment of convertible warrants and equity shares to promoter and non-promoter investors, marking a strategic move to strengthen its financial position.

Convertible Warrants Allotment Details

The board approved the allotment of 13.75 lakh convertible warrants with specific financial parameters that demonstrate the company's fundraising strategy.

Parameter: Details
Number of Warrants: 13,75,000 (Thirteen Lakhs Seventy-Five Thousand)
Issue Price: ₹80 per warrant
Total Amount: ₹11,00,00,000 (Rupees Eleven Crores Only)
Upfront Payment: ₹2,75,00,000 (25% of issue price)
Per Warrant Subscription: ₹20 per warrant

The company has already received the mandatory 25% upfront subscription amount totaling ₹2.75 crore from the allottees, in compliance with SEBI (ICDR) Regulations, 2018. This upfront payment represents ₹20 per warrant as the initial subscription requirement.

Equity Shares Allotment

Simultaneously, the board approved the allotment of equity shares to both promoter and non-promoter categories with attractive pricing structure.

Parameter: Details
Number of Shares: 7,90,000 (Seven Lakhs Ninety Thousand)
Face Value: ₹10 per share
Issue Price: ₹80 per share
Premium: ₹70 per share
Share Type: Fully paid-up equity shares

The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the company. This means the new shareholders will enjoy equal rights including dividend entitlement and voting rights from the date of allotment.

Regulatory Approvals and Compliance

Both allotments received necessary regulatory clearance from BSE Limited through in-principle approval. The exchange granted approval vide letter reference no. LOD/PREF/PB/FIP/1671/2025-26 dated February 11, 2026, ensuring compliance with listing regulations.

The board resolution was passed through circulation on February 25, 2026, and became effective on the same date. The company has duly informed BSE Limited about these developments under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

The combined fundraising through convertible warrants and equity shares demonstrates the company's multi-pronged approach to capital mobilization. The convertible warrants provide flexibility to investors while ensuring immediate capital infusion through the 25% upfront payment. The equity shares allotment at a significant premium to face value indicates investor confidence in the company's prospects.

The resolution was digitally signed by L. Maruti Sanker, Managing Director (DIN: 01095047), confirming the board's commitment to these capital raising initiatives.

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