Key Quantitative Figures

The company proposes a preferential issue of 15,48,500 Equity Shares. The total estimated issue proceeds are Rs. 14.09 Crore, to be utilized as follows:

  • Office Furniture & Interior including in-house office theatre and post-production studio: Rs. 5.20 Crore, to be utilized within 15 months from receipt of funds.
  • Movie Production: Rs. 4.21 Crore, to be utilized within 18 months from receipt of funds.
  • Advertising, Marketing and Promotion of Movies: Rs. 4.00 Crore, to be utilized within 18 months from receipt of funds.
  • General Corporate Purpose: Rs. 0.68 Crore, to be utilized within 6 months from receipt of funds.

The disclosure notes that the utilization amount for each object may deviate by +/- 10% as per BSE Circular No. 20221213-47 dated 13 December 2022.

Dates of Action

  • EGM Date: Friday, June 5, 2026, at 03:00 P.M. (through Video Conferencing/Other Audio-Visual Means)
  • Original EGM Notice Date: May 06, 2026
  • Original Dispatch Date: May 12, 2026
  • Corrigendum Dispatch Date: May 27, 2026

Parties Involved

Proposed Allottees and Their Status:

| Name | Current Status | Proposed Status |

| Amit Pankaj Vedawala | Promoter | Promoter |

| Global9 LLC | Non-Promoter | Non-Promoter |

| Dilip Modi | Non-Promoter | Non-Promoter |

Regulatory References: The filing references BSE Circular No. 20221213-47 and states that the company is not required to appoint a credit rating agency as a monitoring agency per Regulation 162A of Chapter V of the SEBI ICDR Regulations, as the issue size is less than Rs. 100 Crore.

Purpose/Rationale

The proceeds are intended for business expansion in the entertainment sector, specifically for enhancing office infrastructure, producing movies, and marketing activities. The company states that pending utilization, the issue proceeds may be invested in money market instruments, bank deposits, or government securities, but not in "capital eroding and high-risk taking instruments."

Capital Structure Impact

The preferential issue of 15,48,500 equity shares will result in dilution of existing shareholding. The filing does not provide specific pre-event or post-event share capital figures or the percentage of dilution.