Outcome of Preferential Issue Committee of the Board of Directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Filmcity Media Ltd's Preferential Issue Committee approved the allotment of up to 1.90 crore equity shares of face value Re. 1 each at an issue price of Re. 1 per share, for a total of up to Rs. 1.90 crore. The shares will be issued on a preferential basis for cash to three allottees: PMC Fincorp Ltd (Promoter group, 70 lakh shares), Puneet Arora (Non-Promoter, 95 lakh shares), and EPS Fin-Vest Pvt Ltd (Non-Promoter, 25 lakh shares). This follows the Board of Directors' approval on March 13, 2026. The issue price is at par (equal to face value), meaning no premium is being charged.
This is a small preferential issue of Rs. 1.90 crore issued at par value, which will lead to dilution of existing shareholders. Given the modest size and the fact that a promoter group entity is participating, the immediate impact on share price is likely limited but existing public shareholders will see their stake reduced.