7Seas Entertainment Ltd

7Seas Entertainment Ltd trading window closed from 1 October 2026 until 48 hours after the declaration of the unaudited financial results for the quarter and half year ended 30 September 2026

Price movement clarification

• The company informed BSE that all events required under Reg 30 and Schedule III have been disclosed.
• There is no undisclosed material event or impending announcement affecting the share price movement; no specific reason identified.
• The company will continue to disclose all material developments within regulatory timelines.

Book closure details

• Book closure period: Sep 24, 2026 to Sep 30, 2026 (inclusive) for AGM.
• Purpose: 35th Annual General Meeting.
• Security: Equity Shares (Scrip Code 540874).
• AGM date: 30 September 2026.

Issue Overview

• Type of issue: preferential issue of Equity Shares and convertible warrants.
• Total issue size/disclosures show no revision or undersubscription.
• Main objectives: working capital, new projects, office premises capex, and general corporate purposes.

Utilisation of Proceeds

• Utilisation is as per disclosures in the offer document.
• No material deviations or changes in allocation observed.
• Object-wise status: working capital partially utilised; investments partially utilised; capex not utilised; GCP partially utilised.
• Unutilised funds parked in fixed deposits and short-term bank deposits.
• Warrant proceeds partially received; deployment ongoing.

Governance and Compliance

• All required government/statutory approvals obtained.
• No material deviations observed; monitoring arrangements in place.
• Promoter loan conversion reduced GCP allocation.
• No implementation schedule provided; delays not detailed.

General Corporate Purpose (GCP)

• GCP utilisation: partially utilised; balance for general corporate purposes.
• Promoter loan conversion reduced GCP allocation.
• Board approval for allocation not explicitly evidenced in provided record.

Use of proceeds status

• No deviation or variation in use of proceeds from the preferential allotment for quarter ended 30 June 2026.
• Amount raised: Rs 173,200,000 via preferential issue.
• Date of raising funds: 25-02-2026.
• Monitoring agency: Brickwork Ratings India Private Limited.
• Report filed for quarter ended 30 June 2026.
• Original objects include working capital, new projects, capex, office premises, and general corporate purposes.
• Funds utilized in the quarter: Rs 38,194,139.
• All proceeds utilized as per Letter of Offer/Explanatory Statement.
• Audit Committee reviewed the Statement; auditors' comments: None.
• Nil Statement of Deviation/Variation enclosed as Annexure A.

Board committee reconstitution

• Audit Committee reconstituted: Bodla (Chair), Gandra Srinivas Rao (Member), Pasala Anupama (Member).
• Nomination and Remuneration Committee: Surabhi Verma (Chair), Gandra Srinivas Rao (Member), Bodla (Member).
• Stakeholders Relationship Committee: Bodla (Chair), Gandra Srinivas Rao (Member), Pasala Anupama (Member).
• Effective from August 14, 2026 due to board composition changes.

Resignation of N. Mihender Reddy

• Resignation of N. Mihender Reddy as Non-Executive Independent Director for personal reasons, effective Aug 14, 2026.
• Ceases to be Member/Chairperson of all Board Committees from Aug 14, 2026.
• Confirms no other material reasons; does not hold directorship in any other listed entity.