Bluegod Entertainment rectifies postal ballot disclosures for name change
Bluegod Entertainment Limited issued a corrigendum to its April 24, 2026 postal ballot notice to correct disclosures in the CA Certificate regarding its name change to Starbeam Ventures Limited. The company aims to diversify into sports, agriculture, and real estate, with the Board approving the MOA amendment. Shareholders can modify their votes by emailing the scrutinizer before 5.00 P.M. on May 29, 2026.
*this image is generated using AI for illustrative purposes only.
Bluegod Entertainment Limited has circulated a corrigendum to its postal ballot notice to rectify specific tabular disclosures within the Practicing Chartered Accountant's Certificate. The correction pertains to the opinion section under Regulation 45 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, which certifies compliance for the company's proposed name change to Starbeam Ventures Limited.
The company's Board of Directors approved the amendment to the Main Objects Clause of the Memorandum of Association on April 24, 2026. This amendment seeks to insert new clauses allowing the company to diversify into sports equipment, agriculture products, real estate development, and leasing of real estate properties. The existing business operations focus on movie production, web series, music videos, and post-production services.
The Practicing Chartered Accountant's Certificate confirms that more than one year has elapsed since the last name change, which occurred in 2024. It further states that conditions regarding revenue and asset investment under Regulation 45(1)(b) and 45(1)(c) are not applicable, as the proposed activities are expansions rather than a change in principal business activity. Consequently, no revenue has been generated from the proposed new activities in the preceding financial year.
| Regulation | Particulars | Our Opinion |
|---|---|---|
| 45(1)(a) | Time period of at least one year has elapsed from the last name change | Time period of more than one year has elapsed from the last name change that occurred in the year 2024 |
| 45(1)(b) | At least fifty percent of the total revenue in the preceding one year period has been accounted for by the new activity suggested by the new name | Not applicable as there is no change in the business activity |
| 45(1)(c) | The amount invested in the new activity/Project is atleast fifty percent of the assets of the listed entity | Not applicable as there is no change in the business activity |
The corrigendum serves as an integral part of the original postal ballot notice and explanatory statement. Bluegod Entertainment has informed that shareholders who have already cast votes via remote e-voting but wish to modify their decision in light of the updated information may do so. Requests for vote modification must be sent via email to the scrutinizer at csvishakhagrawal@gmail.com on or before 5.00 P.M. (IST) on Friday, May 29, 2026.
The documents are available on the company's website, the BSE website, and the e-voting service provider Central Depository Services (India) Limited (CDSL). The postal ballot process seeks shareholder approval for the alteration of the object clause and the subsequent change of the company's name to Starbeam Ventures Limited.
What is the expected timeline for the capital allocation required to enter the real estate and agriculture sectors?
How will the diversification into non-entertainment sectors impact the company's existing core business operations?
What are the projected revenue contributions from the new business verticals over the next three years?
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