Bluegod Entertainment Limited has successfully completed its rights issue with the allotment of 10,30,80,182 equity shares at ₹3 per share, raising ₹30.92 crores. The Rights Issue Committee approved the allotment during its meeting held on March 23, 2026.

Rights Issue Timeline and Extension

The rights issue opened on March 12, 2026, and was originally scheduled to close on March 19, 2026. However, the committee extended the closing date to March 20, 2026, to provide shareholders with an additional opportunity to exercise their rights in the offering.

Allotment Details

The Rights Issue Committee meeting on March 23, 2026, commenced at 7:25 P.M. and concluded at 7:50 P.M. The allotment was made in accordance with the Letter of Offer dated February 28, 2026, and the Basis of Allotment finalized in consultation with BSE Limited and the Registrar to the Issue.

Application Process and Documentation

With the extension of the closing date, the last date for submission of the duly filled Common Application Form (CAF) along with the amount payable on application was revised to March 20, 2026. The company clarified that there were no changes to the Letter of Offer and CAF dated February 28, 2026, except for the change in issue closing date and the resultant modifications in the indicative timetable of post-issue activities.

Committee Decisions

The initial extension decision was made during the Rights Issue Committee meeting held on March 18, 2026, which commenced at 10:00 A.M. and concluded at 11:00 A.M. This extension followed the outcome of the Board of Directors meeting held on February 28, 2026, where the issue parameters were established. All terms and conditions of the rights issue remained unchanged throughout the process.

Bluegod entertainment Limited has announced its decision to halt the proposed Intellectual Property Assignment Agreement with Absolute Legends Sports Private Limited, citing compliance with a recent court order. The company informed the BSE on March 19, 2026, about this significant development that affects its planned acquisition of rights related to Legends League Cricket.

Court Order Impact

The Delhi High Court issued an ad-interim order on March 18, 2026, creating a legal obstacle for the proposed transaction. The court order specifically restrains Absolute Legends Sports Private Limited from several key activities:

Background of the Proposed Deal

Bluegod Entertainment had previously disclosed on February 28, 2026, that it executed a Term Sheet with Absolute Legends Sports Private Limited. The Term Sheet outlined the primary terms and conditions for entering into the comprehensive Assignment Agreement. The proposed agreement involved:

• Transfer of Intellectual Property rights relating to Legends League Cricket
• Assignment of Intellectual Property Rights currently owned by Absolute Legends Sports
• Rights for commercialization, promotion, and exploitation purposes
• Complete control and ownership transfer to Bluegod Entertainment

Company's Compliance Decision

In strict compliance with the Delhi High Court's order, Bluegod Entertainment has decided to suspend all activities related to signing and executing the Assignment Agreement. The company emphasized that this decision is made "currently" and is directly linked to the court's restraining order. Managing Director and CFO Nitin Ashokkumar Khanna signed the regulatory filing, confirming the company's adherence to legal requirements.

Regulatory Disclosure

The company filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions. The disclosure demonstrates Bluegod Entertainment's commitment to transparency regarding developments that affect its business operations and strategic initiatives.