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.

Vashu Bhagnani Industries Limited , formerly known as Pooja Entertainment and Films Limited, has announced a significant investment in its wholly-owned UAE subsidiary, Modern Productions FZ LLC. The Board of Directors has approved an additional investment of up to Rs 50 crores, aimed at enhancing the subsidiary's working capital and supporting its expansion into new business ventures.

Investment Details

The investment will be structured as follows:

• Rs 10 crores in loans
• Rs 40 crores in share subscription

The company plans to complete this investment within the fiscal year 2025-26, demonstrating a commitment to the growth and diversification of its UAE operations.

About Modern Productions FZ LLC

Modern Productions FZ LLC, incorporated in June 2018, operates in the production and distribution of motion pictures, movies, videos, and television programmes. The subsidiary has shown significant growth over the past few years:

Strategic Expansion

The additional investment is expected to serve two primary purposes:

1. Enhance working capital requirements
2. Support entry into new real estate business ventures

This move suggests that Vashu Bhagnani Industries is looking to diversify its portfolio beyond the entertainment sector, potentially tapping into the real estate market in the UAE.

Corporate Governance and Compliance

The transaction has been conducted with due diligence and adherence to regulatory requirements:

• Prior approval was obtained from the Audit Committee
• The investment qualifies as a related party transaction under Regulation 23 of the SEBI (LODR) Regulations
• Mrs. Puja Vashu Bhagnani, Managing Director, has been authorized to implement the resolution

Market Impact

This strategic investment underscores Vashu Bhagnani Industries' commitment to expanding its international footprint and diversifying its business interests. The move could potentially strengthen the company's position in the entertainment industry while opening up new revenue streams in the real estate sector.

Investors and market watchers will likely keep a close eye on how this investment impacts the company's financial performance and growth trajectory in the coming years.