B.A.G. Films and Media Limited has filed its quarterly compliance certificate with stock exchanges, meeting regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Filing Details

The company submitted the mandatory certificate under Regulation 74(5) to both BSE Limited and National Stock Exchange of India Limited on April 06, 2026. Company Secretary and Compliance Officer Ajay Mishra signed and filed the compliance document on behalf of B.A.G. Films and Media Limited.

Registrar Confirmation

Alankit Assignments Limited, serving as the company's registrar and transfer agent, issued the compliance certificate confirming adherence to dematerialisation regulations. The certificate was signed by Kamal Garg, General Manager at Alankit Assignments Limited, and dated April 06, 2026.

The registrar confirmed that physical share certificates received for dematerialisation have been properly processed according to regulatory requirements. The certificate validates that securities have been listed on stock exchanges and that physical certificates have been mutilated and cancelled after due verification, with the depository name substituted in records as the registered owner.

Compliance Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 mandates quarterly certification regarding dematerialisation procedures for listed companies. This ensures transparency in the conversion of physical share certificates to electronic form and maintains investor protection standards.

The filing demonstrates B.A.G. Films and Media Limited's commitment to maintaining regulatory compliance and transparency in its share transfer and dematerialisation processes.

B.A.G. Films and Media Limited has successfully completed the allotment of 98,00,000 fully paid-up equity shares through the conversion of warrants by its promoter group entity. The Securities Committee approved this significant capital raising exercise on March 28, 2026, marking a substantial increase in the company's equity base.

Warrant Conversion Details

Skyline Tele Media Services Limited (STMSL), a member of the promoter group, exercised its option to convert 98,00,000 warrants into equity shares. The conversion was executed at an issue price of Rs. 8.25 per share, including a premium of Rs. 6.25 per share over the face value of Rs. 2.00.

Capital Structure Impact

The warrant conversion has resulted in a significant change to the company's capital structure. The allotment increases the total number of equity shares and enhances the paid-up capital base.

Shareholding Changes and Regulatory Disclosure

Following the allotment, STMSL filed a regulatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals significant changes in the promoter group's shareholding pattern.

The regulatory filing indicates that STMSL's total holding, including remaining warrants, represents 21.67% of the diluted share capital. The company's total diluted share capital after the acquisition stands at 21,79,18,090 shares.

Regulatory Compliance and Framework

The allotment was executed in compliance with SEBI ICDR Regulations and the Companies Act, 2013. The conversion stems from the original allotment of 2,00,00,000 fully convertible warrants made to STMSL on March 19, 2026, issued at Rs. 8.25 each on a preferential basis through private placement.

The company received Rs. 4,12,50,000 as the initial 25% subscription amount during the original warrant allotment. The Securities Committee meeting was conducted from 4:00 p.m. to 4:40 p.m. on March 28, 2026, with proper regulatory notifications sent to both BSE and NSE.

Future Conversion Opportunity

STMSL retains the option to convert the remaining 1,02,00,000 warrants by September 18, 2027, providing an 18-month window from the original allotment date. The newly allotted equity shares rank pari passu with existing shares, carrying equal dividend and voting rights.