Bluegod Entertainment Limited has fulfilled its regulatory obligations by submitting the required certificate under SEBI (Depository and Participants) Regulations, 2018 for the fourth quarter and annual year ended March 31, 2026. The submission was made to BSE Limited on April 2, 2026, as part of the company's ongoing compliance requirements.

Regulatory Compliance Submission

The certificate was submitted pursuant to Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018. Managing Director Nitin Ashok Kumar Khanna signed the submission letter, which was digitally authenticated on April 2, 2026. The company operates under CIN L74202MP1984PLC002592 and maintains its registered office at 301-G Goyal Vihar, Gate No. 2 Khajrana Road, Indore (M.P).

Registrar Confirmation Details

Purva Sharegistry India Pvt Ltd, serving as the company's registrar and transfer agent, provided the confirmation certificate. The registrar holds SEBI registration number INR000001112 as a Category 1 Registrars to IPO & Share Transfer Agents. Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, signed the confirmation on April 1, 2026.

Dematerialization Activity Report

The quarter ended March 31, 2026 showed no dematerialization activity for Bluegod Entertainment Limited. The detailed report covering the period from January 1, 2026 to March 31, 2026 reflected the following:

Company Background

Bluegod Entertainment Limited was formerly known as Indra Industries Limited. The company trades on BSE under scrip code 539175 with the symbol BLUEGOD. The entity maintains its corporate communication through email at hello@bluegod.in and operates its website at https://bluegod.in/ .

Regulatory Framework

The SEBI (Depository and Participants) Regulations, 2018 require companies to submit quarterly certificates confirming that securities received from depository participants for dematerialization were properly processed. The regulations ensure that security certificates are mutilated and cancelled after verification, with depositories' names substituted in the register of members within prescribed timelines.

Bluegod Entertainment Limited has successfully completed the allotment process for its rights issue, raising ₹31.62 crore through the issuance of equity shares. The company announced the completion of the basis of allotment on March 23, 2026, marking a significant milestone in its capital raising initiative.

Rights Issue Details and Pricing Structure

The rights issue comprised up to 10,54,24,650 fully paid-up equity shares with a face value of ₹1 each, offered at ₹3 per share, including a premium of ₹2. The issue was structured in the ratio of 9 rights shares for every 47 equity shares held by eligible shareholders as on the record date of March 6, 2026.

Subscription Response and Application Analysis

The rights issue, which opened for subscription on March 12, 2026, and closed on March 20, 2026, received a robust response from investors. The company received 679 total applications for 10,57,01,241 right equity shares through the Application Supported by Blocked Amount (ASBA) mechanism.

However, 140 applications for 26,21,059 shares were rejected due to technical reasons as disclosed in the Letter of Offer. The total number of valid applications received were 539 for 10,30,80,182 rights equity shares, representing 97.78% of the issue size.

Allotment Distribution Across Categories

The basis of allotment was finalized on March 23, 2026, by the company in consultation with the registrar and BSE Limited. The Rights Issue Committee of the Board of Directors approved the allotment of 10,30,80,182 rights equity shares to successful applicants.

Post-Allotment Process and Timeline

The company completed the dispatch of allotment advice and refund intimation to investors on March 23, 2026. Instructions for unblocking ASBA funds were issued to Self Certified Syndicate Banks (SCSBs) on the same date. The listing application was submitted to BSE Limited on March 24, 2026.

The credit of rights equity shares to respective demat accounts of allottees was completed on March 24, 2026. Trading in the fully paid-up equity shares is expected to commence on the stock exchange on or about March 25, 2026, under ISIN INE924N01024.

Regulatory Compliance and Market Readiness

In accordance with SEBI Master circular bearing reference number SEBI/HO/CFD/Pod-1/IR/CIR/2024/0154 dated November 11, 2024, the request for extinguishment of rights entitlements was sent to NSDL and CDSL on March 24, 2026. The company emphasized that equity shares can be traded on BSE Limited in dematerialized form only.

The successful completion of this rights issue demonstrates strong investor confidence in Bluegod Entertainment Limited's growth prospects and provides the company with additional capital for its business expansion plans.