B.A.G Films and Media Limited files SEBI Takeover Disclosure under Regulation 31(4)

M&A / JV 30 Jun 2026 · Filed / open· ✓ Verified

B.A.G Films and Media Limited (subsequently renamed B.A.G Live Entertainment Limited) submitted a Regulation 31(4) disclosure to NSE, a mandatory step when a substantial acquisition or binding agreement for control is reached. Regulation 31(4) requires disclosure of material facts before the public announcement under Regulation 30. The exact acquirer identity, quantum and consideration remain undisclosed in the available excerpt; the full disclosure document will specify the acquirer, shares acquired, price/exchange ratio, and whether an open offer is triggered.

Why it mattersThe filing indicates a triggering event (acquisition crossing 25% or a binding agreement for control) under SEBI SAST 2011; counsel must confirm whether the acquirer is a promoter, related party or third party, as this determines open-offer thresholds and exemption availability.
Counsel—
SectorConsumer & Retail
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