BAG Films gets BSE, NSE nod for 98 lakh shares

What the exchanges approved

B.A.G. Films and Media Limited (NSE symbol: BAGFILMS) received listing approval from BSE and NSE on May 05, 2026 for a fresh batch of equity shares issued to its promoter group. The approvals cover 98,00,000 equity shares with a face value of Rs. 2 per share, issued at a premium of Rs. 6.25 per share. The company said these shares were issued through the conversion of warrants into equity shares.

While the approvals are in place, trading in these shares is not automatic on the approval date. The company indicated that trading approval remains subject to specific procedural confirmations, including depository-related steps and compliance timelines.

Why trading can still be “pending” after listing approval

The approval notes cited that trading permission is subject to NSDL/CDSL depository confirmations, including confirmation that the shares have been credited to the respective beneficiary accounts. The disclosure also referred to compliance with SEBI’s seven working day application requirement, which is typically relevant to post-allotment listing and trading permission processes.

In practice, this means the exchange may approve the listing of the newly issued shares, but the start of trading can depend on whether required confirmations and formalities are completed within the prescribed framework.

Preferential allotment route and warrant conversion

The 98,00,000 shares were allotted to members of the promoter group on a preferential basis, following the conversion of 98,00,000 warrants into equity shares. The issue price referenced is Rs. 8.25 per share (Rs. 2 face value plus Rs. 6.25 premium).

The company’s disclosures also link this conversion to promoter group entity Skyline Tele Media Services Limited (STMSL), which exercised its right to convert warrants and receive equity shares. The newly allotted equity shares were stated to rank pari passu with existing equity shares, carrying the same dividend and voting rights.

Changes in shareholding and expanded equity base

Following the allotment, multiple shareholding and capital structure data points were disclosed:

• The company’s equity base increased to 20,77,18,090 shares after the conversion.
• STMSL’s shareholding was stated to have increased from 13.76% to 17.82%.
• The promoter group’s total shareholding was stated to have risen from 46.86% to 49.37% as of March 28, 2026.

The disclosures also note that STMSL retains 1,02,00,000 warrants that can be converted in the future, with an expiry date cited as September 18, 2027.

Key data from the disclosures

Fundraise figures referenced in the text

The provided text contains multiple monetary references tied to the preferential and warrant framework:

• The company described a broader plan involving about Rs. 16.50 crore fundraising at Rs. 8.25 per warrant, with 2 crore warrants approved for allotment to STMSL as part of that plan.
• For the 98,00,000-share conversion itself, the text includes two separate values: “Total payment received: Rs. 6,06,37,500” (equivalent to about Rs. 6.06 crore) and a separate statement that the allotment totals about Rs. 8.09 crore.

These figures are presented as stated in the provided material, without additional reconciliation in the source text.

Special window for physical share transfers and demat

Separately from the preferential listing approval, the company disclosed a special window for certain shareholders to facilitate transfer and dematerialisation of physical shares. This special window is open for one year, from February 5, 2026 to February 4, 2027.

The facility is specifically for physical shares that were sold or purchased prior to April 1, 2019. The disclosure states that securities transferred through this facility will be credited to the transferee only in dematerialised mode and will remain under a lock-in period of one year from the date of registration of transfer.

Addresses and investor contact points shared

The text includes contact details for shareholder queries and support, including the company and its registrar and transfer agent.

Stock identifiers and prices mentioned

The disclosures and accompanying notes reference the NSE ticker BAGFILMS. The text also contains multiple spot price references, including Rs. 6.36 (NSE) and Rs. 6.37 (BSE) “as on today”, a separate mention of Rs. 7.74 with a 12.83% move over 24 hours, and another line showing Rs. 5.03 on NSE “today”. These values are presented as they appear in the material and may reflect different timestamps or sources within the provided text.

Why this matters for shareholders

From a shareholder perspective, the development has two practical angles. First, exchange listing approval for preferentially issued shares is a necessary step before these shares can be admitted for trading, but the final trading permission depends on completion of depository credits and any lock-in confirmations cited in the approval conditions.

Second, the warrant conversion mechanism has a direct link to promoter-group ownership levels. The disclosures show an increase in promoter group holding to 49.37%, and an additional 1,02,00,000 warrants remain available for conversion up to September 18, 2027, which keeps investor attention on subsequent conversion steps and related regulatory filings.

Conclusion

B.A.G. Films and Media’s BSE and NSE listing approvals dated May 05, 2026 cover 98,00,000 promoter-group shares issued via warrant conversion at Rs. 8.25 per share. Trading clearance remains subject to NSDL/CDSL confirmations and stated compliance requirements. Separately, the company’s Feb 5, 2026 to Feb 4, 2027 special window for older physical-share transfers and demat sets out a defined route and lock-in condition for eligible cases.