Bluegod Entertainment has informed the Bombay Stock Exchange about an upcoming board meeting scheduled for January 20, 2026, to consider significant corporate actions related to fund raising and capital restructuring. The meeting will be held at the company's registered office in Indore, Madhya Pradesh, under the provisions of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Initiatives

The board will deliberate on augmenting the company's financial resources through various funding mechanisms. The company is exploring multiple avenues for capital mobilization:

Authorized Capital Enhancement

The board meeting agenda includes consideration of increasing the company's authorized share capital. This proposed enhancement would require consequent amendments to the company's Memorandum of Association. The capital increase aligns with the company's fund raising objectives and provides the necessary framework for future equity issuances.

Shareholder Approval Process

Bluegod Entertainment Limited plans to conduct a postal ballot through e-voting mechanism to obtain member approval for the proposed changes. The e-voting process will specifically seek shareholder consent for:

• Approval of authorized share capital increase
• Consequent amendments to the company's Memorandum of Association

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window has been closed effective January 15, 2026. This restriction applies to designated persons and their immediate relatives, preventing them from trading in the company's securities during the sensitive period.

Company Information

Bluegod Entertainment Limited, formerly known as Indra Industries Limited, operates from its registered office in Indore, Madhya Pradesh. The company trades on the Bombay Stock Exchange under the symbol BLUEGOD with scrip code 539175 and ISIN INE924N01024. The upcoming board meeting represents a significant step in the company's capital restructuring and growth strategy, subject to regulatory approvals and shareholder consent.

Bluegod Entertainment Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing remarkable performance driven by strategic content monetization. The entertainment company reported exceptional growth across key financial metrics, marking a significant transformation in its business trajectory.

Financial Performance Overview

The company's Q3FY26 results demonstrate substantial improvement across all major parameters:

Revenue Growth Driver

The exceptional revenue performance stems from the company's strategic sale of theatrical and OTT rights for one of its films, generating total consideration of ₹12 crores. The revenue recognition follows Ind AS 115 standards for revenue from contracts with customers. Importantly, the company has retained control and ownership of the film while transferring only the theatrical and OTT rights to the buyer.

Nine-Month Performance

For the nine-month period from April 1, 2025 to December 31, 2025, Bluegod Entertainment demonstrated strong year-to-date performance:

Operational Adjustments

During Q3FY26, the company made significant operational adjustments including the write-off of fabric inventory valued at ₹162.66 lakhs. According to management representation, this inventory was deemed unsellable with no net realizable value, reflecting the company's focus on its core entertainment business.

The company has classified its films as intangible assets, with the recent film rights transaction being amortized over a three-year period. This accounting treatment aligns with industry standards for intellectual property monetization.

Expense Management

Total expenses for Q3FY26 reached ₹566.20 crores compared to ₹2.44 crores in Q3FY25, primarily due to:

• Depreciation and amortization expenses of ₹377.44 crores
• Inventory write-off of ₹162.66 crores
• Other expenses of ₹24.45 crores
• Employee benefits expenses of ₹1.65 crores

Corporate Governance

The financial results were reviewed by the Audit Committee and adopted by the Board of Directors in their meeting held on January 15, 2026. The statutory auditors conducted a limited review of the standalone unaudited financial results and issued an unmodified review report, confirming compliance with applicable accounting standards.