Vashu Bhagnani Industries Limited (VBIL), formerly known as Pooja Entertainment and Films Limited, has reached a significant milestone in its corporate journey. The company recently announced that it has received listing approval from the Bombay Stock Exchange (BSE) for 85,15,000 equity shares, marking a pivotal moment in its capital structure.

Key Details of the Listing Approval

Implications and Next Steps

The listing approval from BSE is a crucial step for VBIL, paving the way for the company to strengthen its equity base. Following this approval, the company has outlined its next course of action:

1. Corporate Actions: VBIL will proceed with necessary corporate actions through depositories.
2. RTA Consultation: The company will work in consultation with its Registrar and Transfer Agent (RTA).
3. Final Trading Application: Upon completion of the above steps, VBIL will submit the final trading application to the stock exchange.

This development comes as part of the company's strategic move to convert warrants into equity shares, potentially enhancing its capital structure and providing additional resources for business operations.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This adherence to regulatory norms underscores VBIL's commitment to transparency and good corporate governance practices.

Investors and market participants will be keenly watching the subsequent steps as VBIL moves forward with the integration of these new equity shares into its existing share capital structure. The successful completion of this process could potentially impact the company's market capitalization and liquidity in the stock market.

As VBIL transitions from its former identity as Pooja Entertainment and Films Limited, this equity expansion may signal new strategic directions or growth initiatives for the company. Stakeholders will likely be anticipating further communications from the company regarding the utilization of the funds raised through this preferential issue and its impact on the company's future plans.

Vashu Bhagnani Industries Limited (formerly Pooja Entertainment and Films Limited) has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company's Board of Directors approved these results at a meeting held on November 12, 2025.

Key Developments

• Warrant Conversion: The company has allotted 85,15,000 equity shares through warrant conversion to promoters and other investors on a preferential basis. However, BSE listing and trading approval for these shares is pending.

• Subsidiary Funding: The Board has approved financial commitments of up to Rs. 50.00 crores for its wholly-owned subsidiary, Modern Productions F2 LLC, UAE. The company has remitted USD 3.40 lakhs (approximately Rs. 3.00 crores) as a loan advance to this subsidiary.

Financial Performance

Specific financial figures for Vashu Bhagnani Industries were not disclosed in the provided information. The company's auditors, DSM R & CO, conducted a review of the unaudited standalone and consolidated financial results. The auditors stated that nothing has come to their attention that causes them to believe that the financial statements have not been prepared in accordance with applicable accounting standards and regulations.

Subsidiary Performance

The company's financial results include the performance of two subsidiaries:

1. Foreign Subsidiary: Modern Production FZ LLC, UAE
2. Indian Subsidiary: Pooja Leisure and Lifestyle (Partnership Firm)

The combined performance of these subsidiaries for the quarter ended September 30, 2025, and the half-year from April 1, 2025, to September 30, 2025, is as follows:

Company Operations

Vashu Bhagnani Industries Limited primarily operates in the films distribution and production segment. The recent financial commitments to its UAE subsidiary suggest potential expansion or increased activity in international markets.

Regulatory Compliance

The company has confirmed that there are no deviations or variations in the utilization of funds raised through the Preferential Issue of warrants, as approved by shareholders in the Extra-Ordinary General Meeting held on March 14, 2024.

The film and entertainment industry continues to evolve, and Vashu Bhagnani Industries Limited's strategic moves, including the warrant conversion and subsidiary funding, may position the company for potential growth opportunities in both domestic and international markets.