B.A.G. Films and Media has informed that the Board of Directors of the company at its meeting held on May 26, 2014, has approved the preferential issue of 80,000,000 warrants convertible into equity shares at a later date, on a preferential basis, to Promoters/Promoter Group and Non Promoters subject to approval of the shareholders in the forthcoming Annual General Meeting and such regulatory or statutory approvals as may be necessary/required.
The above information is a part of company’s filings submitted to BSE.
