Balaji Telefilms Limited has informed the Exchange regarding 'NCLT Order approving the Composite Scheme of Arrangement u/s 230-232 and other applicableprovisions of Companies Act, 2013 and rules made thereunder'.
BALAJITELE · price
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On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.7 pts more than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The NCLT Mumbai Bench has approved the Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, on June 10, 2025. Under this scheme, two wholly-owned subsidiaries — Alt Digital Media Entertainment Limited (which runs the ALTT OTT platform) and Marinating Films Private Limited — will merge into Balaji Telefilms Limited. The Appointed Date for the scheme is April 1, 2024. Since both transferor companies are wholly owned by Balaji Telefilms, no new shares will be issued to shareholders as consideration. The scheme aims to consolidate similar businesses (production, OTT, content creation), reduce administrative and compliance costs, and unlock synergies. The merger will take effect once the certified copy of the NCLT order is filed with the Registrar of Companies, which the company is in the process of obtaining.
This is a purely internal restructuring with no change in shareholding pattern or dilution, as the merging entities are already wholly-owned subsidiaries. Shareholders are not affected directly, but the company expects improved operational efficiency, lower costs, and better resource utilization going forward. The stock price is unlikely to see a major reaction, though long-term benefits from consolidation may be positive.