7Seas Entertainment Ltd — Important, 13-05-2026: Company Update

7Seas Entertainment's monitoring report from Brickwork Ratings confirms proper utilization of funds raised through its 17.32 Cr preferential issue. For the quarter ended March 31, 2026, the company recorded no deviation from the intended use of proceeds. Key deployments include 0.16 Cr for working capital and 0.24 Cr for new projects. An additional 1.71 Cr was allocated to general corporate purposes, notably covering a 1.52 Cr unsecured loan converted into equity. The company has received 7.55 Cr so far, with 25% of warrant issue proceeds still due. Unutilized funds are strategically placed in short-term bank deposits. This update assures investors of diligent capital deployment.