Bluegod entertainment Limited has secured a significant regulatory milestone by obtaining in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The company announced this development on February 26, 2026, in compliance with disclosure requirements under SEBI regulations.

BSE Approval Details

The approval was formalized through BSE's official communication with the following key parameters:

Regulatory Compliance Framework

BSE has granted permission for Bluegod Entertainment Limited to use the exchange's name in its Letter of Offer, subject to strict compliance requirements. The company must include mandatory disclaimer clauses in all offer documents and advertisements where BSE's name is mentioned.

Key compliance requirements include:

• Record Date Notice: Minimum three working days advance notice to BSE for fixing record date
• Price Disclosure: Rights issue price must be disclosed at least three working days prior to record date
• Statutory Compliance: Complete adherence to all legal and statutory formalities before finalizing offer documents
• Dematerialization: Agreements with all depositories for securities dematerialization

Exchange Disclaimer and Responsibilities

BSE has clearly outlined that its approval should not be construed as endorsement of the offer documents' contents. The exchange explicitly states it does not warrant, certify, or endorse the correctness or completeness of the Letter of Offer contents, nor does it take responsibility for the company's financial soundness or management decisions.

The company bears sole responsibility for:

• All disclosures made in or omitted from offer documents
• Consequences arising from non-disclosure or mis-statement of information
• Compliance with applicable statutory requirements for the rights issue

Post-Approval Requirements

Bluegod Entertainment Limited must fulfill several post-approval obligations to complete the rights issue process. These include confirming completion of Letter of Offer posting, ensuring basis of allotment approval from the designated stock exchange, and appointing a qualified Company Secretary as Compliance Officer as per SEBI regulations.

The company is also required to make payments for all applicable charges levied by BSE for usage of exchange systems, software, and facilities during the securities issuance and listing process. The in-principle approval for listing the fully paid-up equity shares remains subject to completing post-issue requirements and complying with necessary statutory, legal, and listing formalities.

Bluegod Entertainment Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the increase in the company's authorised share capital. The resolution was passed with requisite majority on February 21, 2026, marking a significant milestone in the company's corporate restructuring.

Authorised Capital Enhancement Details

The approved ordinary resolution authorises the increase of authorised share capital from ₹56,00,00,000 to ₹90,00,00,000. This enhancement involves the creation of additional 34,00,00,000 equity shares of ₹1 each, effectively expanding the company's capital base by ₹34,00,00,000.

Voting Results and Shareholder Participation

The postal ballot process witnessed significant shareholder participation, with 104 members holding 5,43,95,993 equity shares casting their votes through remote e-voting. The voting period extended from January 23, 2026, to February 21, 2026, providing ample opportunity for shareholder participation.

Process Administration and Compliance

The postal ballot process was conducted under the supervision of Vishakha Agrawal of Vishakha Agrawal & Associates, who served as the scrutinizer for the voting process. The scrutinizer was appointed by the board on January 20, 2026, and submitted the final report on February 23, 2026.

Key process highlights include:

• Record Date: January 16, 2026
• Total Shareholders on Record: 15,906
• Notice Distribution: Electronic notices sent to all eligible shareholders
• Voting Method: Remote e-voting through Central Depository Services Limited (CDSL)
• Resolution Type: Ordinary Resolution

Corporate Structure Impact

The approved resolution necessitates consequent alteration to Clause V of the company's Memorandum of Association. The new clause will reflect the enhanced authorised share capital structure, providing the company with greater flexibility for future business expansion and strategic initiatives.

The board of directors and company secretary have been authorised to undertake all necessary actions to implement this capital restructuring, including filing requisite documents with regulatory authorities and completing all procedural requirements under the Companies Act, 2013.