Starbeam Ventures releases Jeevan Bheema Yojana trailer, sets Sep 4 launch

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Key Highlights
  • Starbeam Ventures launches trailer for Jeevan Bheema Yojana
  • Theatrical release scheduled for September 4, 2026 worldwide
  • Arshad Warsi appears in a career-first double role
  • Film directed by Abhishek Dogra falls under dark comedy genre
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Starbeam Ventures Limited announced the official trailer launch and theatrical release schedule for its upcoming feature film, Jeevan Bheema Yojana. The movie is set to hit screens worldwide on September 4, 2026.

The company, formerly known as Bluegod Entertainment Limited, disclosed the milestone under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement marks the entry of the project into the final phase of its nationwide and global promotional campaign.

Film Details and Cast

Jeevan Bheema Yojana is presented and produced by Starbeam. Directed by Abhishek Dogra, the film is categorized as a dark comedy, crime, and suspense thriller. The narrative explores the collision of two starkly different worlds when an ordinary man faces an extraordinary opportunity, triggering mistaken identities and high-stakes consequences.

Arshad Warsi headlines the cast in his career-first double role. He portrays Jeevan, an ordinary debt-ridden common man, and Bheema, his dangerous lookalike whose arrival leads to chaotic outcomes. Sanjeeda Shaikh stars as Yojana, Jeevan’s sharp and resourceful wife.

The ensemble cast includes Vijay Raaz in a pivotal role as the mysterious Vinayak. Other featured actors include Pooja Chopra, Bijendra Kala, and the late Atul Parchure.

Category Details
Title Jeevan Bheema Yojana
Genre Dark Comedy / Crime / Suspense Thriller
Director Abhishek Dogra
Release Date September 4, 2026
Marketing Status Final phase of nationwide and global campaign

Corporate Disclosure

Starbeam Ventures Limited submitted the disclosure to the Bombay Stock Exchange on August 26, 2026. Nitin Ashokkumar Khanna, Managing Director of the company, signed the official communication. The registered office remains located in Indore, Madhya Pradesh.

How might the September 2026 release date impact Starbeam Ventures' quarterly revenue projections and cash flow management?

What is the estimated marketing budget for this global campaign, and how does it compare to previous productions by the company?

Could Arshad Warsi's double role and the film's dark comedy genre attract a specific demographic that differs from Starbeam's traditional audience base?

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Starbeam Ventures Q1FY27 loss widens to ₹51.39 lakh; revenue jumps to ₹922 lakh

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Key Highlights

Starbeam Ventures posted a Q1FY27 net loss of ₹51.39 lakh against ₹51.00 lakh in Q1FY25, despite revenue jumping to ₹922.12 lakh from nil. Statutory auditors flagged compliance issues including unsecured loans and E-invoice non-compliance. The board appointed a new Company Secretary and shifted its registered office.

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Starbeam Ventures Limited (formerly Bluegod Entertainment Limited) reported a standalone net loss of ₹51.39 lakh for the quarter ended June 30, 2026 (Q1FY27). This represents a slight widening of losses compared to the ₹51.00 lakh loss recorded in the corresponding period of FY25. The company’s revenue from operations for the quarter was ₹922.12 lakh, significantly higher than the nil revenue reported in the prior year’s first quarter.

Total expenses for the quarter amounted to ₹973.51 lakh, driven primarily by purchases of stock in trade at ₹831.36 lakh and depreciation and amortization expenses of ₹127.40 lakh. Other expenses totaled ₹12.95 lakh, while employee benefit expenses were ₹1.81 lakh. The company did not report any other income or finance costs for the period.

Auditor Concerns and Compliance Issues

The limited review report issued by statutory auditors SDPM & Co. Chartered Accountants highlighted several critical matters requiring attention. The auditors noted that the company has outstanding unsecured loans and advances for which management failed to provide balance confirmations or independent documentary evidence. Consequently, the auditors stated they were unable to determine the impact of these items on the financial statements.

Additionally, the report drew attention to:

  • Outstanding loan liabilities from individuals that appear to contravene Section 73 of the Companies Act, 2013.
  • Trade receivables outstanding for more than six months, with insufficient evidence regarding their recoverability and inadequate provisions made by management.
  • Non-compliance with statutory E-invoice requirements and an inability to opine on E-Way Bill compliance due to missing consignment details.

The auditors clarified that these matters do not modify their review conclusion but emphasize the uncertainty surrounding certain balance sheet items.

What the Numbers Show

A key divergence in the financials is the composition of expenses relative to revenue. While revenue surged to ₹922.12 lakh from nil in the prior year quarter, operating expenses also expanded sharply. Depreciation alone accounted for approximately 13.8% of the current quarter's revenue, indicating fixed cost pressures despite the new operational activity. Furthermore, the net loss margin remains thin at roughly 5.6% of revenue, suggesting that the company is still in a phase where operational scale has not yet translated into profitability.

Corporate Actions

During its meeting on August 17, 2026, the Board of Directors approved the unaudited standalone financial results. The board also appointed Ms. Pratiksha Bhandari as Company Secretary and Compliance Officer, effective immediately, to fill a casual vacancy arising from the resignation of the previous Company Secretary & Compliance Officer. Ms. Bhandari, an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A36256, brings extensive experience in corporate laws, secretarial compliances, and regulatory affairs. She has been designated as Key Managerial Personnel pursuant to Section 203 of the Companies Act, 2013.

Additionally, the company approved a change of its registered office within Indore, moving from Khajrana Road to Vijay Nagar.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE924N01024/65f334bc-aea6-4168-9958-0bffc30d6dfb.pdf

How will the appointment of a new Company Secretary impact the resolution of the auditor-identified compliance gaps regarding E-invoicing and loan liabilities?

What specific strategies is Starbeam Ventures implementing to improve the recoverability of trade receivables outstanding for more than six months?

Will the company seek to regularize the loans from individuals that currently contravene Section 73 of the Companies Act, 2013, and what are the associated legal risks?

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