Starbeam Ventures Limited reported a net profit of ₹184.96 lakh for the financial year ended March 31, 2026, compared to ₹182.14 lakh in the previous year. The company's total income for the year stood at ₹1,200.71 lakh, while total expenses were ₹882.54 lakh. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, on July 04, 2026.

The statutory auditors, SDPM & Co., issued a qualified opinion on the financial results. The auditors noted that the provisions of Section 45-IA of the Reserve Bank of India Act, 1934, are applicable to the company because its financial assets constitute more than 50 percent of total assets and income from financial assets constitutes more than 50 percent of gross income. However, the company has not obtained the required registration under these provisions.

Further qualifications highlighted that the company accepted loans from individuals in contravention of Section 73 of the Companies Act, 2013. The auditors also stated that the management did not provide balance confirmations or independent documentary evidence for outstanding unsecured loans and advances. Consequently, the auditors were unable to determine the impact of this matter on the financial statements.

The report also flagged outstanding trade receivables for more than six months, noting that sufficient appropriate audit evidence regarding their recoverability could not be obtained and that management had not made adequate provisions against them. Despite these qualifications, the management stated that the statutory non-compliance and lack of documentary evidence do not impact the financial statements and expressed belief that the trade receivables are recoverable.

Financial Performance

The company reported a basic earnings per share (EPS) of ₹0.03 for FY26, down from ₹2.81 in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹172.43 lakh. During the quarter, the company raised ₹30.36 crore through a rights issue, of which ₹29.50 crore was utilized to give loans and advances to Laddu Gopal Ventures Private Limited.

Key Financial Metrics (FY26)

Bluegod Entertainment Limited has announced a comprehensive postal ballot process to seek shareholder approval for a strategic name change and significant business diversification. The company has dispatched notices to all eligible shareholders for e-voting on two critical resolutions that will reshape its corporate identity and operational scope.

Postal Ballot Details and Timeline

The company completed the dispatch of postal ballot notices on April 29, 2026, to all members whose names appear in the Register of Members as on the cut-off date of April 24, 2026. The e-voting facility will be managed by Central Depository Services (India) Limited, with Vishakha Agrawal and Associates serving as the appointed scrutinizer.

Proposed Name Change Resolution

The first resolution seeks approval for changing the company's name from "Bluegod Entertainment Limited" to "Starbeam Ventures Limited." This change is subject to approval from the Ministry of Corporate Affairs regarding name availability under Section 4(5) of the Companies Act, 2013. The Board of Directors approved this proposal on April 24, 2026, and the proposed name received official approval from the Central Registration Centre on April 27, 2026.

The management believes the new name will better reflect the company's evolving business activities and strategic aspirations beyond its current entertainment sector focus. The name change will not affect the company's legal status or constitution, and all existing contracts and obligations will remain valid.

Business Diversification Through Object Clause Alteration

The second resolution proposes significant alterations to the Main Objects Clause of the company's Memorandum of Association. The company seeks to add three new business verticals to support its expansion plans:

Sports and Hospitality Sector

The proposed addition includes comprehensive involvement in sports equipment trading, covering cricket, football, tennis, badminton, hockey, and gym equipment. The company also plans to establish innovation-driven sports and wellness clubs across India, integrating physical activity with social engagement. Additionally, the hospitality segment encompasses hotels, restaurants, resorts, cafeterias, food courts, micro-breweries, and related services.

Agricultural Business Operations

The agricultural vertical covers cultivation, farming, and production of crops, fruits, vegetables, and grains. The company plans to engage in livestock breeding, poultry management, and aquaculture for meat, dairy, and egg production. Processing, packaging, and marketing of agricultural products, along with manufacturing and trading of fertilizers, pesticides, and seeds, form part of this expansion.

Real Estate Development

The real estate segment includes activities as planners, builders, developers, architects, and contractors. The company intends to construct and manage residential, commercial, and industrial complexes, retail stores, shopping centers, farmhouses, parks, and gardens. This vertical also covers leasing and property management services.

Current Business Profile

Bluegod Entertainment Limited currently operates as a full-service production house, offering end-to-end solutions across multiple entertainment formats. Its core activities include feature film and web series production, music video direction and creation, scriptwriting, concept development, and comprehensive post-production services.

Compliance and Regulatory Approval

The company has obtained a certificate from S D P M & Co., Chartered Accountants, confirming compliance with Regulation 45 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certificate confirms that more than one year has elapsed since the last name change, which occurred on October 18, 2024. Since the company has not yet commenced the proposed new activities, the revenue and investment thresholds specified in the regulation are not applicable.

Voting Process and Results

Shareholders can cast their votes exclusively through the remote e-voting system, as physical postal ballot forms are not accepted. The scrutinizer will submit the voting results to the company's Chairman within two working days of the e-voting conclusion. Results will be communicated to BSE Limited and displayed on the company's website. If approved by the requisite majority, the resolutions will be deemed passed on May 29, 2026.