BSECompany Update6d ago · 14 Aug 2026, 04:25 pm

Nil Statement

7Seas Entertainment Ltd · 540874

✦ AI Summary

7Seas Entertainment Ltd has submitted a nil statement to BSE regarding deviation or variation in the utilization of funds raised through a preferential issue, stating that there has been no deviation or variation in the use of proceeds for the quarter ended June 30, 2026.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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7Seas Entertainment Ltd - 540874 - Nil Statement On Deviation Or Variation In Utilization Of Funds Raised

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7SEAS ENTERTAINMENT LTD Date: August 14, 2026 Place: Hyderabad The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 Scrip Code: 540874 Symbol: 7SEASL ISIN: INE454F01010 Sub: Statement of Deviation(s) or Variation(s) as per Regulation 32 of SEBI (LODR) Regulations, 2015 for the Quarter ended 30th June 2026 Dear Sir/Madam, Pursuant to the provisions of Regulation 32 of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, regarding the “Format on Statement of Deviation or Variation for proceeds of public issue, rights issue, preferential issue, Qualified Institutions Placement (QIP) etc.”, we hereby confirm that there has been no deviation or variation in the use of proceeds of the Preferential Allotment from the objects stated in the Letter of Offer during the quarter ended June 30, 2026. Accordingly, a Nil Statement of Deviation or Variation, duly reviewed by the Audit Committee of the Company, is enclosed herewith as Annexure A. Kindly take the above information on record. Thanking you. Yours faithfully, LINGAMANEN Pisialsipedts IGAMANEN! MARUTI I MARUTI SANKER Date: 2026.08.14 SANKER 15:06:19 +0530° For 7Seas Entertainment Limited L. Maruti Sanker Managing Director (DIN: 01095047) 9 e © 2 5th Floor, Plot No.92, 93 & 94, Phase-3, Ph No: 040- 49533636 | GSTIN : 36AAACF3012A1ZK info@7seasent com Kavuri Hills, Madhapur, CIN : L72900TG1991PLC013074 www.7seasent.com Hyderabad-500 081, India, Telangana. 7SEAS ENTERTAINMENT LTD Annexure A Nil Statement of Deviation/ Variation in utilization of Funds raised Name of listed entity 7Seas Entertainment Mode of Fund Raising Preferential Issue Date of Raising Funds 25-02-2026 Amount Raised Rs. 17,32,00,000 Report filed for Quarter ended 30.06.2026 Monitoring Agency Yes Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited Is there a Deviation / Variation in use of No fundraised If yes, whether the same is pursuant to Not Applicable change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation | Not Applicable Comments of the Audit Committee after | None Teview Comments of the auditors, if any None Objects for which funds have been raised and where there has been a deviation, in the following Table: Original Object Modified | Original | Modified | Funds | Amountof | Remarks Objecti,f | Allocation | allocation | Utilized | Deviation/ | if any any if any Variation For the quarter according applicable object Meeting the working | Not 173200000 | NIL 38194139 | NIL NIL capital requirements | modified of the Company. Investment in new projects, business opportunities, and strategic ventures. Incurring capital expenditure towards 9 @3 e ‘LL;‘:;“”}““NiENR WN’:&“ 52 SANKER Fi 5th Floor, Plot No.92, 83 & 94, Phase-3, Ph No: 040- 49533636 GSTIN : 36AAACF3012A1ZK info@7seasent.com Kavuri Hills, Madhapur, CIN : L72900TG1991PLC013074 www.7seasent.com Hyderabad-500 081, India, Telangana 7SEAS ENTERTAINMENT LTD acquisition of office Ppremises. General corporate purposes Deviation of variation could mean: a) Deviation in the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utilized as against what was originally disclosed or c) Change in terms of a contract referred to in the fund-raising document, i.e., Prospectus, letter of offer etc. Note: The entire proceeds raised by the Company through the Preferential Issue, during the quarter ended 31.03.2026, have been utilized for the objects as stated in the Letter of Offer/Explanatory statement. Thanking you LINGAMAN Digitally signedby LINGAMANENI ENI MARUTI MARUTISANKER SANKER D 1a 5t :e 0: 7 2 :0 12 46 +.0 08 5. 31 04 For 7Seas Entertainment Limited L. Maruti Sanker Managing Director (DIN: 01095047) 9 e © 2 Sth Floor, Plot No.92, 83 & 94, Phase-3, Ph No: 040- 49533636 GSTIN : 36AAACF3012A1ZK info@7seasent.com Kavuri Hills, Madhapur, CIN : L72900TG1991PLC013074 www.7seasent.com Hyderabad-500 081, India, Telangana