Announced Wed, 27 May · 19:30 IST

Corrigendum to the Notice of Extraordinary General Meeting is attached herewith

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹89.95
prior close
₹94.43
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.3-7.7-11.6-5.4+3.9+16.6-2.7-12.2
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AI summary

Eforu Entertainment Ltd (formerly Tavernier Resources Ltd) has issued a corrigendum to its EGM notice scheduled for June 5, 2026. The corrections were required after BSE provided observations on the company's application for a preferential issue. The corrigendum details the utilisation of Rs. 14.09 Crore to be raised through 15,48,500 equity shares: Rs. 5.20 Crore for office furniture and studio infrastructure, Rs. 4.21 Crore for movie production, Rs. 4 Crore for marketing and promotion, and Rs. 0.68 Crore for general corporate purposes. The funds must be deployed within 6-18 months of receipt with flexibility of +/- 10% deviation. Three allottees are proposed: existing promoter Amit Pankaj Vedawala, and non-promoters Global9 LLC and Dilip Modi.

Likely market impact

Shareholders face dilution from the issuance of 15.48 lakh new equity shares. The funds appear aimed at building entertainment sector infrastructure and content production capacity, though the small raise size suggests early-stage business development.