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.

Bluegod entertainment Limited has announced a one-day extension of its rights issue closing date, providing shareholders additional time to participate in the offering. The Rights Issue Committee made this decision during its meeting held on March 18, 2026.

Rights Issue Timeline Extension

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

Application Submission Details

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 has been revised to March 20, 2026. Equity shareholders entitled to apply for the rights issue are advised to take note of the new issue closure date.

Committee Meeting Information

The Rights Issue Committee meeting that approved this extension was held on March 18, 2026, commencing at 10:00 A.M. and concluding at 11:00 A.M. The decision was communicated to BSE Limited on the same day.

Impact on Documentation

The company clarified that there are no changes to the Letter of Offer (LOF) 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. All other terms and conditions of the rights issue remain unchanged.

This extension follows the outcome of the Board of Directors meeting held on February 28, 2026, where the issue closure date was previously updated. The company continues to encourage eligible shareholders to participate in the rights issue within the extended timeframe.