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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3B Films Limited's board meeting on May 30, 2026 approved multiple significant business decisions. The company will acquire 99.99% stake in 3B Flexipacks Private Limited (packaging business) for Rs 26.03 crore via share swap, making it a wholly-owned subsidiary. This acquisition aims for vertical integration in the manufacturing chain. The board also approved converting unsecured loans of Rs 20.39 per share into equity, issuing up to 1.34 crore new shares to 5 allottees including promoter Ashokbhai D Babariya. Authorised share capital will increase from Rs 25 crore to Rs 27 crore pending shareholder approval. Ms. Mital Dipen Devani resigned as Independent Director citing personal commitments. The company also plans to enter agro/food products business and set up a wholly-owned subsidiary in UAE. An EGM is scheduled for June 27, 2026.
Significant shareholder dilution expected as total shares will increase from 2.48 crore to 5.10 crore post all allotments. The acquisition of 3B Flexipacks expands the company's packaging operations but involves related parties. Independent director resignation may raise governance concerns for some investors.