7Seas Entertainment submits Q4FY26 fund utilization report
7Seas Entertainment Limited submitted its first monitoring agency report for Q4FY26, confirming no deviations in fund utilization. The company raised ₹17.32 crore via preferential issue, utilizing ₹2.11 crore during the quarter.

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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.
Will 7Seas Entertainment be able to accelerate fund deployment into working capital and new projects before the 18-month warrant conversion deadline, given that only Rs. 0.40 Crore of the Rs. 13 Crore allocated to these two heads has been utilised so far?
How might the remaining 75% of convertible warrant proceeds (Rs. 8.25 Crore) be called in, and what impact could the resulting equity dilution have on existing shareholders' ownership structure?
What specific new projects or investment opportunities is 7Seas Entertainment targeting with the Rs. 5 Crore allocated under 'Investment into New Projects or Opportunities or Ventures,' and which sectors or geographies are being considered?

































