Balaji Telefilms Limited has informed the Exchange about receipt of certified copy of order passed by NCLT in connection with Composite Scheme of Arrangement.
BALAJITELE · price
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On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.1 pts less 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 Limited has received the certified copy of the NCLT Mumbai Bench-I order dated June 10, 2025, sanctioning its Composite Scheme of Arrangement. The scheme merges two wholly-owned subsidiaries — ALT Digital Media Entertainment Limited (operator of the 'ALTT' OTT platform) and Marinating Films Private Limited — into Balaji Telefilms. The Appointed Date is April 1, 2024, and the scheme was approved by shareholders on April 25, 2025. Since both transferor companies are wholly owned, no new shares will be issued as consideration, meaning no dilution for existing shareholders. The scheme also involves reduction of share capital and accumulated losses of ALT Digital and reorganization of reserves of Balaji Telefilms. The scheme will become effective upon filing the certified order with the Registrar of Companies via e-Form INC-28.
This is a positive structural development — consolidating subsidiaries into the listed parent simplifies the group structure, reduces compliance costs, and may improve operational synergies, with no share dilution for existing Balaji Telefilms shareholders.