corrigendum to the notice of the postal ballot meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Landmarc Leisure Corporation has issued a corrigendum to its May 20, 2025 postal ballot notice, responding to queries from BSE. The company clarified the object of its proposed preferential issue of 18 crore equity shares, breaking down the planned use of the ~₹19.8 crore proceeds: ₹4 crore for Marathi movies content library, ₹3 crore for Hindi movies content, ₹4 crore for music content, ₹3.85 crore for working capital, and ₹4.95 crore (25%) for general corporate purposes, all to be deployed in FY 2025-26. It also corrected the post-issue shareholding table, showing promoter holding falling from 74.99% to 61.22% and non-promoter/public rising from 25.01% to 38.79% after the allotment. Additionally, the status of nine proposed allottees was updated, replacing the term 'Public' with 'Non-Promoter.' Shareholders can recast or change their votes on e-voting EVEN 250521009.
Existing shareholders face dilution as 18 crore new shares (about 22.5% expansion of the equity base) are proposed to be allotted on a preferential basis, though promoter control remains intact above 60%. The fund usage reveals a clear pivot toward content creation in movies and music, which could reshape the company's business focus.