Balaji Telefilms Limited has informed the Exchange about the Composite Scheme of Arrangement becoming effective from June 20, 2025
BALAJITELE · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.8 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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Balaji Telefilms has informed exchanges that its Composite Scheme of Arrangement has become effective from June 20, 2025, following the filing of the NCLT order with the Registrar of Companies. Under the scheme, two of its wholly-owned subsidiaries — ALT Digital Media Entertainment Limited and Marinating Films Private Limited — stand dissolved and merged into Balaji Telefilms. The Appointed Date for the scheme is April 1, 2024. The authorized share capital of the company has been revised to Rs. 1,051.20 crores, comprising about 520.27 crore equity shares and 5.32 crore preference shares of Rs. 2 each. Since the merging entities are wholly-owned subsidiaries, no share-swap ratio is applicable to public shareholders.
The merger simplifies the corporate structure by folding the digital and film subsidiaries into the listed parent, which may bring operational and tax efficiencies. Public shareholders face no change in shareholding or dilution as these are wholly-owned subsidiaries being absorbed.