Vashu Bhagnani Industries Limited (formerly known as Pooja Entertainment and Films Limited) disclosed on May 06, 2026, a further investment of INR 10,09,08,600/- (Indian Rupees Ten Crores Nine Lakhs Eight Thousand and Six Hundred Only) in its wholly-owned subsidiary, Modern Productions FZ LLC, UAE. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The investment follows a previous disclosure made on September 13, 2025, pertaining to an investment of INR 50.00 Crores in the same subsidiary.

Investment Details

The company has subscribed to 4,419 shares of M/s Modern Productions FZ LLC, having a face value of AED 100 each at a premium of AED 781 per share. The consideration for this transaction is in cash. The investment is being made on an arm's length basis, and the Audit Committee's prior approval has been obtained. As Modern Productions FZ LLC is a wholly-owned subsidiary, it is classified as a related party of Vashu Bhagnani Industries Limited.

The key parameters of this transaction are summarised below:

About Modern Productions FZ LLC

Modern Productions FZ LLC, Dubai was incorporated on June 15, 2018, as a wholly-owned subsidiary of Vashu Bhagnani Industries Limited in the UAE. The entity operates in the production and distribution of motion pictures, movies, videos, and television programmes. As on March 31, 2026, the total assets of Modern Productions FZ LLC stood at INR 2,604.44 lakhs.

The subsidiary has demonstrated consistent revenue growth over the past three fiscal years, as detailed below:

Purpose of Investment

According to the disclosure, the further infusion of capital is intended to enhance the subsidiary's working capital requirements and to enable entry into new business ventures in the sector of real estate activities. The transaction does not require any governmental or regulatory approvals.

Regulatory Disclosure

The disclosure was filed with BSE Limited on May 06, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended. The filing was signed by Shweta Ramesh Soni, Company Secretary and Compliance Officer (ACS No. 65292) of Vashu Bhagnani Industries Limited.

Vashu Bhagnani Industries Limited, formerly known as Pooja Entertainment and Films Limited, has formally withdrawn its application to the National Stock Exchange of India Limited (NSE) for the direct listing of its equity shares. The decision was approved by the company's Board of Directors at a meeting held on Monday, May 4, 2026, and was communicated to BSE Limited through a regulatory filing on the same date.

Board Decision on NSE Direct Listing Withdrawal

The Board of Directors convened and resolved to withdraw the application that had been submitted to the NSE on April 16, 2026. The application, registered as Case No. 252, had sought approval for the direct listing of 63,953,500 equity shares of the company. Each equity share carries a face value of INR 10/-. The key details of the withdrawn application are summarised below:

Board Meeting Details

The Board meeting during which the withdrawal was approved commenced at 02:15 PM and concluded at 2:40 PM on May 4, 2026. The intimation was submitted to BSE Limited in accordance with Regulation 30 of the applicable listing regulations. The filing was signed by Shweta Ramesh Soni, Company Secretary and Compliance Officer (Membership No: A65292), on behalf of Vashu Bhagnani Industries Limited.