Bluegod adds LLC co-founder as director after scrapping IP deal
Raman Raheja, co-founder of Legends League Cricket, joins the board; Ritu Tiwari named independent director. Shareholder approval pending.
— 1 earlier story on Bluegod Entertainment Ltd. →What's new
- Bluegod appoints Raman Raheja, co-founder of Legends League Cricket, as non-executive director.
- Ritu Tiwari, a company secretary, appointed as independent director.
- Appointments subject to shareholder approval.
Why this matters
Raheja's appointment comes just months after Bluegod abandoned plans to acquire LLC's IP due to a court order. His expertise in sports IP development could steer the nano-cap toward new sports ventures, potentially reviving investor interest.
What we're watching
- Shareholder approval of the appointments.
- Any new sports-related announcements from Bluegod.
- Impact on Bluegod's diversification strategy.
The full read
Bluegod Entertainment is bringing in the co-founder of Legends League Cricket to its board months after abandoning a deal to buy the league's intellectual property. Raman Raheja's appointment as non-executive director, alongside company secretary Ritu Tiwari as independent director, signals that the ₹122 cr nano-cap still sees sports as part of its diversification story. The earlier acquisition fell through because of a court order, so Raheja's arrival raises the obvious question: what happens now. His experience in sports IP development and media rights could shape a new approach. Both appointments need shareholder approval. For a company with trailing revenue growth of 4605% (from a tiny base), the stock's 22.3 P/E leaves little room for missteps. This move adds optionality but it doesn't yet answer the open question.
Questions answered
- Who is Raman Raheja and why is his appointment significant?
- Raman Raheja is co-founder of Legends League Cricket (LLC), a T20 league. His appointment is notable because Bluegod recently scrapped a deal to acquire LLC's IP after a court order. Raheja's sports IP and media rights experience could open new opportunities for the company.
- What happened with the Legends League Cricket IP acquisition?
- In March, Bluegod said it would not proceed with acquiring LLC's intellectual property rights due to a court order. Raheja joining the board suggests a possible renewed focus on sports, though not necessarily the same deal.
- Are these appointments effective immediately?
- No, the appointments are subject to shareholder approval. Until then, they are proposed but not yet effective.
- How does Bluegod's financial profile look?
- Bluegod is a nano-cap with a market cap of ₹122 cr. Trailing revenue growth is extremely high (4605.9%) from a small base, but the company has negative debt/equity (-1.15) and a P/E of 22.3.
Bluegod Entertainment Ltd.
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All notes on BLUEGOD →- 16 Jun 2026 · 4:27 PM IST Bluegod adds LLC co-founder as director after scrapping IP deal
- 2d ago Bluegod's auditor flags ₹29.5 cr loan, questions NBFC compliance