Alteration in object clause of MOA of the company subject to approval of shareholders of the comapny.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3B Films Ltd's Board approved multiple significant decisions on May 30, 2026. Key items include: (1) Acquisition of 99.99% stake in 3B Flexipacks Private Limited for Rs 26.03 Crore via share swap (issuing 1.27 crore shares at Rs 20.39 each), making it a wholly-owned subsidiary; (2) Increase in authorised share capital from Rs 25 Cr to Rs 27 Cr; (3) Conversion of unsecured loans worth approximately Rs 27.4 Cr into equity via preferential allotment of 1.34 crore shares to 5 allottees including promoter group; (4) Alteration of MOA object clause to enter agro/agri/food products business including spices, grains, pickles, and agricultural items; (5) Incorporation of a wholly-owned subsidiary in UAE; (6) Resignation of Independent Director Ms. Mital Devani. All resolutions are subject to shareholder approval at EGM on June 27, 2026.
The acquisition of 3B Flexipacks will consolidate manufacturing operations and create vertical integration in the packaging value chain. The MOA alteration signals a major diversification into agro/food products, while the share capital expansion and loan conversion will significantly dilute existing shareholders but strengthen the company's capital base.