BAG Films & Media Receives Listing Approval from BSE and NSE for 98,00,000 Preferential Equity Shares
B.A.G. Films and Media Limited received listing approval from BSE (Letter No. LOD/PREF/GB/FIP/171/2026-27) and NSE (Letter No. NSE/LIST/54502) on May 05, 2026, for 98,00,000 equity shares of Rs. 2/- each issued at a premium of Rs. 6.25/- per share to promoter group members via warrant conversion. Trading approval is subject to NSDL/CDSL depository confirmations and compliance with SEBI's seven working day application requirement.

*this image is generated using AI for illustrative purposes only.
B.A.G. Films and Media Limited has received listing approval from BSE Limited and National Stock Exchange of India Limited for 98,00,000 equity shares allotted to members of its promoter group on a preferential basis. The company informed the stock exchanges on May 05, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof. The allotment was made following the conversion of 98,00,000 warrants into equity shares.
Listing Approval Details
Both exchanges granted their respective approvals on May 05, 2026. The key details of the listing approval are summarised below:
| Parameter: | Details |
|---|---|
| Number of Equity Shares: | 98,00,000 |
| Face Value: | Rs. 2/- per share |
| Premium: | Rs. 6.25/- per share |
| Distinctive Numbers: | 197918091 to 207718090 |
| Allottees: | Members of Promoter Group |
| Basis of Allotment: | Preferential basis (conversion of warrants) |
| BSE Approval Letter No.: | LOD/PREF/GB/FIP/171/2026-27 |
| NSE Approval Letter No.: | NSE/LIST/54502 |
| Date of Approval: | May 05, 2026 |
Conditions for Trading Approval
BSE Limited, in its listing approval letter, noted that trading approval for the aforementioned shares will be granted only upon fulfilment of specific conditions. The company is required to submit the following to the exchange:
- Listing approval from the National Stock Exchange of India Limited (if applicable)
- Confirmation letters from NSDL/CDSL regarding the crediting of the shares to respective beneficiary accounts and admission of capital to the depository system
- Confirmation letters from NSDL/CDSL regarding lock-in of pre-preferential holding (if applicable)
BSE further noted that, as per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the listed entity is required to make an application for trading approval to the stock exchanges within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified in the said SEBI circular.
NSE In-Principle Approval
NSE granted in-principle approval for the listing of the 98,00,000 equity shares of Rs. 2/- each, issued pursuant to the conversion of warrants on a preferential basis. NSE stated that the shares would be listed and admitted to dealings on the exchange upon receipt of confirmation from depositories — NSDL and/or CDSL — for the credit of beneficiaries' accounts.
The intimation was signed by Ajay Mishra, Company Secretary and Compliance Officer of B.A.G. Films and Media Limited, and was filed with both BSE and NSE on May 05, 2026.
Historical Stock Returns for BAG Films & Media
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | -3.93% | +22.67% | -25.72% | -16.15% | +86.91% |
How will the addition of 98,00,000 promoter group shares affect the overall promoter shareholding percentage and potential implications for minority shareholders' voting power?
Given the warrant conversion price of Rs. 8.25 per share (face value + premium), how does this compare to B.A.G. Films' current market price, and what does any discount or premium signal about promoter confidence in the company's future prospects?
Will the lock-in period applicable to these preferentially allotted shares create any supply-side pressure on the stock once restrictions are lifted, and when might that occur?


































