BAG Films & Media held its 33rd Annual General Meeting on September 17, 2026. The company secured shareholder approval for 10 resolutions concerning material related-party transactions across its media network.

The meeting, conducted via video conferencing, concluded at 4:45 pm. Chairperson and Managing Director Anuradha Prasad Shukla presided over the proceedings, which included the adoption of audited financial statements for the fiscal year ended March 31, 2026.

Key Resolutions Passed

Shareholders approved ordinary business items, including the re-appointment of Sudhir Shukla as a non-executive director. The special business agenda focused heavily on consolidating operational synergies within the group through related-party approvals.

The approved transactions involve:

• News24 Broadcast India Limited
• E24 Glamour Limited
• Skyline Tele Media Services Limited
• B.A.G. Live Entertainment Limited
• B.A.G. Convergence Limited

These resolutions cover direct transactions between the listed entity and its subsidiaries, as well as inter-company agreements among these group entities.

Governance and Compliance

The statutory auditor report and secretarial audit report for FY26 contained no qualifications or adverse remarks. Six registered shareholder speakers raised queries during the session, receiving clarifications from the management team.

All six directors were present virtually. Independent Director Chandan Kumar Jain was re-appointed to the board. The voting results, scrutinized by Balika Sharma of M/s Balika Sharma & Associates, will be filed with stock exchanges within two working days.

BAG Films & Media will hold its 33rd Annual General Meeting on Thursday, September 17, 2026, at 4:00 pm via video conferencing. The meeting aims to transact ordinary and special business, including the approval of material related party transactions totaling approximately ₹450 crore for FY27.

The corporate action aligns with regulations issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Shareholders recorded in the register of members or beneficial owners register on September 10, 2026, can vote. The remote e-voting period commences on Sunday, September 13, 2026, at 9:00 am and ends on Wednesday, September 16, 2026, at 5:00 pm.

Meeting Details

The company has fixed September 10, 2026, as the cut-off date to identify members eligible for remote e-voting and quorum reckoning. The register of members and share transfer register will remain closed from Friday, September 11, 2026, to Thursday, September 17, 2026.

Voting Process

Members can cast votes via remote e-voting or during the meeting using the e-voting system facilitated by National Securities Depositories Limited (NSDL). The notice and annual report for FY26 are available electronically to those with registered email addresses. Physical shareholders must submit specific forms to the Registrar and Share Transfer Agent, Alankit Assignments Limited, to register their details.

Agenda Highlights

The AGM agenda includes several key resolutions:

• Adoption of Financial Statements: Approval of audited financial statements for the financial year ended March 31, 2026.
• Director Reappointments: Reappointment of Sudhir Shukla as a director liable to retire by rotation and Chandan Kumar Jain as an independent director for a second term of five years.
• Related Party Transactions (RPTs): Approval of material related party transactions with subsidiaries and promoter group companies for FY27.

Related Party Transactions

The company seeks shareholder approval for omnibus approvals of related party transactions totaling approximately ₹450 crore across various entities for FY27. These transactions include services rendered/availed, financial assistance, and corporate guarantees.

Additional inter-subsidiary transactions between News24 and E24 with B.A.G. Live Entertainment Limited, Skyline Tele Media Services Limited, and B.A.G. Convergence Limited are also proposed, with aggregate values ranging from ₹20 crore to ₹70 crore per transaction pair.

What the Numbers Show

The proposed related party transactions highlight the integrated nature of BAG Films' media ecosystem. With subsidiaries like News24 and E24 accounting for significant portions of the proposed transaction values, the company relies heavily on internal synergies for broadcasting, content distribution, and financial support. The aggregate value of these transactions underscores the operational interdependence between the listed entity and its promoter group affiliates.