Penny Stock Below Rs 10 with 100 Per Cent Owned by Public Shareholders; Board Likely to Announce Rights Issue

The stock is up by 66.67 per cent from its 52-week low of Rs 5.64 per share.

Bluegod Entertainment Limited (Formerly Known as Indra Industries Limited) informed that the meeting of the Board of Directors of the Company is scheduled to be held at the registered office of the Company, i.e. 228 Part-B, The Zodiac Mall, Bicholi Mardana, Indore (MP).452010, on Friday, May 09, 2025, to consider and approve inter alia the following business:-

1. To consider, discuss and decide various terms and conditions in connection with the rights issue and other related matters, including the specific terms of the rights issue, such as the determination of the rights issue price, rights issue size, rights entitlement ratio, record date and timing of the rights issue.
2. To consider any other matter, with the permission of the chair.

Bluegod Entertainment Ltd, originally incorporated as Indra Industries Limited in 2010, underwent a significant transformation on September 5th, 2024, when it officially changed its name and shifted its core business from fertilisers and polymers to the dynamic realm of films and entertainment. This strategic pivot signals a new direction for the company, marking its entry into a vibrant and creative industry.

On Wednesday, shares of Bluegod Entertainment Ltd jumped 4.6 per cent to an intraday high of Rs 9.40 per share from its previous closing of Rs 8.99 per share. The company has a market cap of Rs 6 crore. The stock is up by 66.67 per cent from its 52-week low of Rs 5.64 per share.

Disclaimer: The article is for informational purposes only and not investment advice.