Balaji Telefilms Limited has submitted the Exchange a copy Voting Results along with Scrutinizers report of NCLT Convened General Meeting held on April 25, 2025
BALAJITELE · price
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Balaji Telefilms Limited held an NCLT-convened meeting of equity shareholders on April 25, 2025, to seek approval for a Scheme of Arrangement involving ALT Digital Media Entertainment Limited (First Transferor Company) and Marinating Films Private Limited (Second Transferor Company) merging into Balaji Telefilms (Transferee Company). Out of 6,88,23,829 valid votes polled, 99.9999% voted in favor of the scheme, with only 74 votes against. Public shareholders also approved it with 99.99% votes in favor, meeting the SEBI Scheme Circular requirement. The total number of shareholders on record was 36,392. The scrutinizer's report was submitted by Mr. Ashwini Gupta, confirming the resolution was passed with the requisite majority.
Shareholders have approved the merger scheme, paving the way for ALT Digital Media Entertainment and Marinating Films to be absorbed into Balaji Telefilms. This is a positive step towards consolidation but the scheme still requires final NCLT sanction before becoming effective.