Bluegod Entertainment Limited's Board of Directors concluded a comprehensive meeting on February 28, 2026, approving detailed terms for its ₹31.63 crore rights issue and confirming March 6, 2026 as the record date. The meeting, held at the company's registered office in Indore from 5:00 PM to 5:35 PM, addressed multiple strategic initiatives including rights issue finalization and intellectual property agreements.

Rights Issue Terms and Structure

The Board approved comprehensive terms for the rights offering, building upon earlier approvals from the Rights Issue Committee and BSE Limited's in-principle approval received on February 25, 2026.

Record Date and Timeline Framework

The Board fixed Friday, March 6, 2026 as the record date for determining eligible equity shareholders entitled to receive rights entitlements, in compliance with SEBI regulations.

Share Capital Impact and Payment Terms

The rights issue will significantly expand the company's equity base upon full subscription, with the entire amount payable on application.

Regulatory Compliance and Demat Arrangements

In accordance with SEBI Master Circular SEBI/HO/CFD/PoD1/P/CIR/2024/0154 dated November 11, 2024, the company has established necessary arrangements with NSDL and CDSL for crediting rights entitlements in dematerialized form to eligible shareholders' demat accounts prior to the issue opening date.

Strategic Developments and IP Assignment

The Board also approved a Term Sheet executed with Absolute Legends Sports Private Limited on February 28, 2026, for transferring Intellectual Property Rights relating to Legends League Cricket. However, the company confirmed its decision not to proceed with acquiring or operating any team in the Legends Cricket League at this stage, following internal evaluation of the earlier proposal announced in October 2026.

Next Steps and Documentation

Detailed terms of the rights issue, including application procedures and fractional entitlements, will be specified in the Letter of Offer to be filed with BSE Limited and SEBI. The company has ensured complete adherence to statutory formalities under Regulations 30, 42, and 68 of applicable SEBI regulations.

Bluegod Entertainment Limited has submitted revised postal ballot voting results to BSE Limited, correcting a typographical error in the original intimation dated February 23, 2026. The company successfully concluded its postal ballot process with shareholders overwhelmingly approving the increase in authorised share capital from ₹56 crore to ₹90 crore.

Revised Intimation and Error Correction

The company issued a revised intimation on February 27, 2026, addressing a typographical error in the original submission. Instead of mentioning February 21, 2026 as the postal ballot meeting date, the earlier document incorrectly stated December 21, 2026. The revised voting results and scrutinizer's report have been resubmitted in both PDF and XBRL formats under Regulation 30 and Regulation 44 of SEBI Listing Regulations.

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.

The approved resolution necessitates consequent alteration to Clause V of the company's Memorandum of Association. 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.