BAG Films issues 1.02 crore shares to promoter entity Skyline Tele Media Services

Earlier, in March 2026, the company had issued 2 crore convertible warrants to STMSL on a preferential basis

by e4m Staff
Published: Jun 29, 2026 9:50 AM | 1 min read

BAG Films and Media Limited has allotted 1.02 crore equity shares to Skyline Tele Media Services Limited (STMSL) after the conversion of fully convertible warrants.
The allotment, approved on June 27, 2026, was made at a price of Rs 8.25 per share, consisting of a face value of Rs 2 and a premium of Rs 6.25.
This follows the earlier issuance of 2 crore convertible warrants to STMSL in March 2026, of which 98 lakh had already been converted before this allotment.
The company's total share capital has increased to 21,79,18,090 equity shares, raising the promoter group's holding from 49.37% to 51.74%, with the new shares ranking pari passu with existing shares.

BAG Films and Media Limited has allotted 1.02 crore equity shares to Skyline Tele Media Services Limited (STMSL), a promoter group entity, following the conversion of fully convertible warrants into equity shares.

The company informed the stock exchanges that the allotment was approved at a meeting of its Securities Committee held on 27 June 2026. The shares were issued at Rs 8.25 per share, comprising a face value of Rs 2 and a premium of Rs 6.25.

Earlier, in March 2026, the company had issued 2 crore convertible warrants to STMSL on a preferential basis. Of these, 98 lakh warrants had already been converted into equity shares. The remaining 1.02 crore warrants have now been fully converted into equity shares. STMSL paid the remaining 75% of the amount, totalling Rs 6.31 crore, for the conversion.

The allotment was carried out under a special resolution passed by shareholders at an extraordinary general meeting (EGM) held on 11 February 2026, in accordance with SEBI ICDR regulations.

Following this allotment, the company’s issued, subscribed and paid-up share capital has increased to 21,79,18,090 equity shares from 20,77,18,090 shares earlier. The promoter and promoter group’s holding has also risen from 49.37% to 51.74%.

The company stated that the newly allotted shares will rank Pari Passu with existing equity shares, including rights related to dividends and voting.