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| Exchange Disseminated Time | B.A.G. Films and Media Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 05, 2010, inter alia, has approved the following subject to the approval of shareholders in the forthcoming Annual General Meeting :
1. Preferential issue of 5,000,000 (fifty lacs) warrants convertible into Equity Shares at a later date to ARVR Communications Pvt Ltd (Formerly known as Anu Films and Communications Pvt. Ltd), which is a Promoters Group Company of B.A.G. Films and Media Ltd subject to such regulatory or statutory approvals as may be necessary / required by the Company.
2. Re-pricing of Stock Options under the BAG ESOP Scheme. |
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