Blue Ocean Strategic Advisors Private Limited, along with Persons Acting in Concert (PAC) Northern Lights Ventures Private Limited and Nisha Gupta, has disclosed a substantial acquisition of shares in regal entertainment consultants pursuant to a rights issue. The disclosure was submitted to BSE Limited on April 23, 2026, signed by Ashish Maheshwari, Director of Blue Ocean Strategic Advisors Private Limited, in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The acquisition was executed through a rights issue completed on April 22, 2026, with the acquirer and PACs purchasing a combined total of 16,70,000 equity shares carrying voting rights. This represents 18.74% of the company's total diluted share and voting capital.

Pre-Acquisition Holdings

Prior to the rights issue, the acquirer group held minimal stakes in the company. Blue Ocean Strategic Advisors Private Limited held 83,283 shares (0.93%), while Nisha Gupta held 51,103 shares (0.57%). Northern Lights Ventures Private Limited held no shares before this transaction. The combined pre-acquisition holding totaled 1,34,386 shares, representing 1.51% of the total share capital.

Post-Acquisition Shareholding Pattern

Following the rights issue, the combined shareholding of the acquirer and PACs increased significantly to 18,04,386 shares, representing 20.24% of the total diluted share and voting capital.

Capital Structure Transformation

The rights issue resulted in a substantial expansion of the company's equity capital. The total equity share capital increased from 30,72,100 equity shares of ₹ 10 each to 89,09,090 equity shares of ₹ 10 each, representing a nearly three-fold increase in the company's share capital base.

The disclosure confirms that the acquirer group does not belong to the promoter or promoter group of the target company. The regulatory filing was signed by Ashish Maheshwari (DIN: 00185949) as Director and Authorized Signatory of Blue Ocean Strategic Advisors Private Limited, and countersigned by Vineet Kharkwal, Company Secretary & Compliance Officer of Regal Entertainment and Consultants Limited.

Regal entertainment consultants has received formal listing approval from BSE Limited for its rights issue of equity shares. The approval, dated April 22, 2026, marks a significant milestone in the company's capital expansion plans.

Rights Issue Details

The BSE has approved the listing of 58,36,990 fully paid-up equity shares under reference number LOD/Rights/MV/FIP/116/2026-27. The rights issue structure demonstrates the company's approach to raising capital from existing shareholders.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Vineet Kharkwal submitted the required documentation to BSE on April 21, 2026, with approval granted the following day.

Trading Commencement

BSE has indicated that trading in the newly issued securities will be permitted after the company submits confirmation from depositories regarding the crediting of shares to respective beneficiary accounts. This standard procedure ensures proper settlement and delivery of the rights issue shares to eligible shareholders.

Corporate Information

Regal Entertainment & Consultants Limited operates under CIN L65923MH1992PLC064689 with its registered office located at 419D Fourth Floor Horniman Circle Chambers, Fort Mumbai, Maharashtra. The company's scrip code on BSE is 531033, facilitating easy identification for trading purposes.