ALPHA TRIBE

7Seas Entertainment LtdImportant, 14-08-2026: Company Update

14-08-2026 | 04:40 pm

7Seas Entertainment Limited's monitoring report for the quarter ended June 30, 2026, confirms no deviation in the utilization of funds from its preferential issue of equity shares and convertible warrants, which aggregated to 17.32 Crore. The company has received 7.55 Crore from this issue so far. Funds have been deployed towards working capital and new projects. Approximately 3.73 Crore of unutilized proceeds are currently invested in short-term bank deposits. This indicates steady progress in resource allocation as planned, assuring investors of financial transparency regarding the use of raised capital.

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