BAG Films to Hold EGM on 11 Feb to Raise Rs716.50 Crore via Warrants

BAG Films and Media Limited has announced that it will conduct an Extraordinary General Meeting (EGM) on February 11, 2026, to raise 716.50 crore (approximately $1.65 billion). The meeting will be held entirely online via video conferencing and other audio-visual means, commencing at 4 PM, as stated in the notice issued to investors and the stock exchanges.

The company informed both BSE and NSE that shareholders will be requested to approve a special resolution at the EGM to issue fully convertible warrants to the promoter group.

BAG Films plans to issue a total of 20 million fully convertible warrants to Skyline Tele Media Services Limited, a promoter group entity. Each warrant will be convertible into one equity share at a later date. The shares will have a face value of 2, with an issue price of 78.25 per share, which includes a premium of 26.25 per share. If all warrants are converted, the company will raise a total consideration of 716.50 crore.

As per SEBI regulations, investors are required to pay 25 percent of the total amount at the time of allotment, with the remaining 75 percent payable upon conversion into shares. The warrants can be converted into shares within a maximum period of 18 months. Any unexercised warrants after this period will result in forfeiture of the deposit and automatic expiration of the warrants.

The company has also provided an e-voting option for shareholders. The cut-off date for eligibility is February 4, 2026. Remote e-voting will begin at 9:00 AM on February 7, 2026, and end at 5:00 PM on February 10, 2026. NSDL has facilitated the technical arrangements for both e-voting and the EGM.

BAG Films stated that the funds raised will be utilized for business expansion, investment in new and ongoing projects, and general corporate purposes. The capital infusion is intended to strengthen content production, infrastructure, and working capital, accelerating the company’s growth trajectory.

The company assured investors that this fundraising will not alter its control or management. However, the promoter group’s stake may rise if all warrants are converted. Currently, the promoter and promoter group hold 46.86 percent, which could increase to approximately 51.74 percent after conversion. Public shareholding will decrease proportionately.

BAG Films clarified that the proposal does not trigger an open offer under SEBI’s takeover regulations. The company and its promoters have no outstanding dues or regulatory violations.

The move is aimed at bolstering the company’s financial position and ensuring sustainable long-term growth, providing a fresh direction for its media and entertainment operations.

Investors are advised to carefully review the EGM notice and all related documents available on the company’s official website www.bagnetwork24.in  and the NSDL website.