NewsCorporate ActionsBluegod Entertainment Limited Announces Postal Ballot for Authorized Share Capital Increase to ₹90 CroresBluegod Entertainment Limited Announces Postal Ballot for Authorized Share Capital Increase to ₹90 Crores
Bluegod Entertainment Limited announces postal ballot for increasing authorized share capital from ₹56 crores to ₹90 crores, adding 34 crore equity shares of ₹1 each. E-voting period runs from January 23 to February 21, 2026, with CDSL providing voting facilities and January 16, 2026 as cut-off date for shareholder eligibility.
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Bluegod Entertainment Limited has issued a postal ballot notice seeking shareholder approval for a significant increase in its authorized share capital. The company dispatched the notice on January 22, 2026, to all members whose names appear in the Register of Members as of January 16, 2026.
Proposed Capital Structure Changes
The company seeks to increase its authorized share capital substantially to support future growth initiatives. The following table outlines the proposed changes:
| Parameter: | Current Structure | Proposed Structure |
|---|---|---|
| Authorized Capital: | ₹56,00,00,000 | ₹90,00,00,000 |
| Number of Shares: | 56,00,00,000 | 90,00,00,000 |
| Face Value per Share: | ₹1.00 | ₹1.00 |
| Additional Shares: | - | 34,00,00,000 |
The Board of Directors recommended this increase at their meeting held on January 20, 2026, considering the company's size, operations, and future capital requirements. The additional authorized capital will facilitate potential fund raising through equity share issuances, including rights issues.
E-Voting Process and Timeline
The company has engaged Central Depository Services (India) Limited to provide e-voting facilities for this postal ballot. Key dates and procedures are outlined below:
| Event: | Date/Time |
|---|---|
| Cut-off Date: | January 16, 2026 |
| E-voting Commencement: | January 23, 2026 (9:00 AM) |
| E-voting Conclusion: | February 21, 2026 (5:00 PM) |
| Result Declaration: | Within 2 working days of e-voting conclusion |
Shareholders holding shares in either physical or dematerialized form as of the cut-off date are eligible to participate in the e-voting process. The company is sending postal ballot notices exclusively through electronic mode to members whose email addresses are registered with the company or depository participants.
Regulatory Compliance and Governance
The postal ballot process adheres to multiple regulatory frameworks and guidelines:
- Section 110 of the Companies Act, 2013
- Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Various MCA circulars issued between 2020-2023
Vishakha Agrawal and Associates, Practicing Company Secretaries, have been appointed as scrutinizer to conduct the postal ballot process in a fair and transparent manner. The scrutinizer will submit their report to the Chairman, and results will be communicated to BSE Limited and displayed on the company's website.
Shareholder Information and Support
The company has made arrangements for shareholders who need assistance with the e-voting process. Members facing technical issues can contact CDSL helpdesk at helpdesk.evoting@cdslindia.com or call 022-23058738. For shareholders whose email addresses are not registered, the company has provided specific procedures to update contact information through their respective depository participants.
The resolution will be deemed passed on February 21, 2026, if approved by the requisite majority. All material documents related to the explanatory statement are available for electronic inspection at the company's registered office during working hours until the last date for e-voting.
