Board approves cancellation of preference shares

Corporate Actions View source PDF Explain this filing

DNAMEDIA · price

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Price reactionminutes from the announcement price · days from the prior close

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₹4.90

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.4% vs market

Media peers, median of 18sector · industry level-0.7%-0.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

On 18 September 2025, the board approved cancelling 436.27 million 6% non-cumulative, non-convertible redeemable preference shares of Rs 1 each. Of the Rs 436.27 crore paid-up value, Rs 173.40 crore will be set off against inter-corporate deposits and Rs 262.86 crore will be reduced. Approvals are pending. The 117.71 million equity shares and authorised capital will not change.

Likely market impact

No cash payout or change in equity share count. It removes a major preference liability and may reduce future costs, subject to approvals.