The Board of Directors in its meeting held on Wednesday, May 06, 2026, commenced at 06:00 P.M., has inter alia considered and approved the businesses as per the attachment
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Eforu Entertainment Ltd's board approved raising funds up to Rs. 15 crore through a preferential issue of 15,48,500 equity shares at Rs. 91 per share, aggregating to Rs. 14.09 crore. The shares will be allotted to Promoter Amit Pankaj Vedawala (2,98,900 shares) and two non-promoter allottees - Global9 LLC (11,95,800 shares) and Dilip Modi (53,800 shares). Post-allotment, the promoter holding will reduce from 58.27% to 50.25%, while Global9 LLC will acquire a 15.89% stake. The issue is subject to shareholder approval at an EGM and regulatory approvals. The relevant date for pricing is May 6, 2026.
This preferential issue will dilute existing shareholder stakes significantly, with promoter holding dropping below majority. The substantial non-promoter allocation to Global9 LLC introduces new significant shareholders. The Rs. 91 issue price requires comparison with current market price to assess discount/premium impact.