7Seas Entertainment Ltd (540874)

7Seas Entertainment Ltd submitted its quarterly statement of deviation or variation under Regulation 32 for the quarter ended September 30, 2026. The company confirmed nil deviation in the utilization of proceeds from its Rs 17.32 crore preferential issue raised on February 25, 2026. During the quarter, Rs 3.82 crore was utilized towards working capital, projects, office capex, and general corporate purposes. Brickwork Ratings India Private Limited acted as the monitoring agency.

• Total funds raised via preferential issue on 25-02-2026: Rs 17,32,00,000
• Funds utilized during the quarter ended September 30, 2026: Rs 3,81,94,139
• Statement reports Nil deviation or variation from the stated issue objectives
• Monitoring agency Brickwork Ratings India Private Limited reviewed the deployment

7Seas Entertainment Limited has submitted the Independent Auditor's Limited Review Report for its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The statutory auditor, Sathuluri & Co., issued an unmodified review conclusion, confirming no material misstatements were identified. However, the specific financial figures (revenue, profit, and margins) for the quarter were truncated or omitted from this portion of the filing.

• Independent Auditor's Limited Review Report issued for the quarter ended September 30, 2026
• Auditor Sathuluri & Co. confirmed an unmodified conclusion with no material misstatements found
• Review report signed and approved by the board on November 13, 2026
• P&L numbers such as revenue and net profit for the quarter are not disclosed in the provided document extract

7Seas Entertainment Limited has approved the reappointment of Mr. Kiran Kumar Bodla as a Non-Executive Independent Director for a second 5-year term from 8 November 2026 to 7 November 2031 via circular resolution. He will continue to serve as the Chairperson of both the Audit Committee and Stakeholders Relationship Committee. The reappointment is subject to shareholder approval via special resolution within three months. The company also submitted an explanation for delayed disclosure, citing administrative oversight during the Diwali holidays.

• Reappointed for a second 5-year consecutive term running from 8 November 2026 to 7 November 2031
• Passed by Board of Directors via Circular Resolution No. CR1/2026–27 on 7 November 2026
• Continues as Chairperson of the Audit Committee and Stakeholders Relationship Committee
• Requires shareholder approval by special resolution within 3 months or at the next general meeting
• Delayed filing attributed to Diwali holiday administrative oversight

7Seas Entertainment Limited has informed the exchange that a meeting of its Board of Directors is scheduled for Friday, November 13, 2026. The board will consider and approve the unaudited standalone financial results for the quarter and half-year ended September 30, 2026, along with the Limited Review Report. This is a standard statutory intimation pursuant to Regulation 29 of SEBI LODR Regulations.

• Board meeting scheduled for Friday, 13 November 2026
• Agenda includes reviewing unaudited standalone results for the quarter ended 30 September 2026
• Half-year financial results ended 30 September 2026 to be considered alongside the Limited Review Report
• Notice issued pursuant to Regulation 29(1)(a) of SEBI LODR Regulations, 2015

7Seas Entertainment has announced an upcoming mobile racing title, "Formula Ride", targeting domestic and global audiences. The game is currently open for pre-registration on Google Play and pre-order on Apple App Store ahead of its commercial launch on Android and iOS. The company explicitly noted that the announcement is not expected to have any immediate material financial impact.

• Formula Ride opened for pre-registration on Google Play and pre-order on the App Store on 12 October 2026
• Game features Championship Mode with 10 teams and a 20-driver grid
• Commercial launch date and monetization figures are not disclosed
• Company confirmed no immediate material financial impact from this announcement

7Seas Entertainment has received two awards at the FICCI Best Animated Frames (BAF) Awards 2026 held on 29 September 2026 in Mumbai. The company won 'Best Mobile Video Game' for 'Horse World Ride' and 'Best AI – Photoreal Humans & Animals' for 'Sand and Fire'. The company explicitly clarified that the awards do not have any immediate material financial impact.

• Received 2 awards at FICCI BAF Awards 2026 held on 29 September 2026
• 'Horse World Ride' awarded Best Mobile Video Game
• 'Sand and Fire' awarded Best AI – Photoreal Humans & Animals
• Management noted no immediate material financial impact on the company

7Seas Entertainment Limited has announced the closure of its Register of Members and Share Transfer Books from September 24, 2026, to September 30, 2026 (both days inclusive). The closure is scheduled for the purpose of the company's 35th Annual General Meeting (AGM) to be held on September 30, 2026. The company operates in the digital entertainment sector with a TTM revenue of ₹21 crore and TTM PAT of ₹2 crore. This is a routine procedural compliance disclosure under Regulation 42 of SEBI LODR Regulations.

• Book closure scheduled from Thursday, September 24, 2026 to Wednesday, September 30, 2026
• Purpose of book closure is the 35th Annual General Meeting
• 35th AGM scheduled to be held on Wednesday, September 30, 2026

7Seas Entertainment Ltd has announced the reconstitution of three key board committees: Audit, Nomination and Remuneration, and Stakeholders Relationship. The changes, effective August 14, 2026, follow recent shifts in the Board of Directors' composition. Mr. Kiran Kumar Bodla (Independent Director) will now chair both the Audit and Stakeholders Relationship committees, while Mrs. Surabhi Verma (Independent Director) will chair the Nomination and Remuneration committee. This is a routine governance update for the Rs 167 Cr market cap company.

• Reconstitution of 3 major board committees effective August 14, 2026
• Mr. Kiran Kumar Bodla appointed as Chairperson for the Audit Committee
• Mrs. Surabhi Verma appointed as Chairperson for the Nomination and Remuneration Committee
• Mr. Gandra Srinivas Rao remains a member across all 3 reconstituted committees
• Changes implemented pursuant to Regulation 30 of SEBI Listing Regulations

Mr. N Mahender Reddy has resigned from his position as a Non-Executive Independent Director of 7Seas Entertainment Ltd, effective August 14, 2026. The resignation is attributed to personal reasons and other commitments, with the director confirming no other material reasons exist. He will also step down from all Board Committees where he served as a member or chairperson. This change occurs in a company with a market capitalization of Rs 166 Cr and annual revenue of approximately Rs 20 Cr.

• Resignation effective from the close of business hours on August 14, 2026
• Director N Mahender Reddy (DIN: 09189493) confirmed no other material reasons for leaving
• The outgoing director holds no other directorships in listed entities
• Company reported a TTM revenue of Rs 20.12 Cr and PAT of Rs 2.23 Cr for FY26

7Seas Entertainment has released its standalone financial results for the quarter ended June 30, 2026. The statutory auditor, Sathuluri & Co., issued a clean limited review report, confirming no material misstatements in the filings. The company, which operates in the digital entertainment space, has a market capitalization of Rs 167 Cr and reported a TTM revenue of Rs 20.12 Cr for FY26. With zero debt and a P/E of 74.4, the company's financial position remains stable but highly valued relative to its annual earnings of Rs 2.23 Cr.

• Unaudited standalone financial results were filed for the quarter ended June 30, 2026.
• The Independent Auditor's Review Report was signed and dated August 14, 2026.
• The company maintains a zero-debt status (Rs 0 Cr) as per the latest financial context.
• TTM Revenue for the company is Rs 20.12 Cr with a net profit of Rs 2.23 Cr for FY26.

7Seas Entertainment's Board of Directors met on August 14, 2026, to approve the unaudited standalone financial results for the first quarter of FY27. The statutory auditors, Sathuluri & Co., issued a limited review report with an unmodified conclusion, indicating no material misstatements were found. The company continues to operate in the digital entertainment space with a small-cap valuation of Rs 167 Cr and a debt-free balance sheet. Investors should note the high P/E ratio of 74.4 relative to its TTM revenue of approximately Rs 20 Cr.

• Board meeting held on August 14, 2026, to finalize results for the period ended June 30, 2026
• Statutory auditor Sathuluri & Co. (FRN: 0063835) provided a clean limited review report
• Company maintains a debt-free status with Rs 0 Cr debt as per latest financial context
• TTM Revenue stands at Rs 20.12 Cr with a Net Worth of Rs 29 Cr
• Promoter holding remains relatively stable at 31.07% as of March 2026

7Seas Entertainment has scheduled a board meeting on August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company reported a TTM revenue of Rs 20 Cr and a net profit of Rs 2.23 Cr for FY26. Given the current high P/E ratio of 75.3, the upcoming results will be crucial for justifying the company's valuation of Rs 169 Cr. Investors will be watching for growth relative to the March 2026 quarter revenue of Rs 5.15 Cr.

• Board meeting scheduled for August 14, 2026, to approve Q1 results
• Reviewing performance for the quarter ended June 30, 2026
• Company reported TTM revenue of Rs 20 Cr as of March 2026
• Operating profit margin (OPM) stood at 16.2% for the trailing twelve months
• Promoter holding remains stable at approximately 31.07%

7Seas Entertainment's Board of Directors met on July 21, 2026, to approve and adopt 14 revised corporate policies and codes. These revisions align the company with the Companies Act, 2013, and SEBI Regulations, covering critical areas like Related Party Transactions and Fair Disclosure of UPSI. The meeting was brief, lasting 40 minutes from 5:30 PM to 6:10 PM. This is a procedural compliance update and does not impact the company's financial performance or operations directly.

• Board meeting conducted on July 21, 2026, lasting exactly 40 minutes.
• Approval of 14 specific revised policies including Related Party Transactions and Whistle-Blower Policy.
• Compliance update pursuant to Regulation 30 and 46 of SEBI (LODR) Regulations, 2015.
• Policies updated to reflect current provisions of the Companies Act, 2013 and SEBI norms.