Intimation of Investment in CCPS by the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
P. B. Films Ltd has invested in 30 lakh Compulsorily Convertible Preference Shares (CCPS) of unlisted company Yacht Trade and Finance Limited at Rs. 10 per share, aggregating to Rs. 3 crore. The investment is not in cash; instead, the company is converting its existing loans and advances (already sitting on the asset side of its balance sheet) into this investment, with the goal of diversifying its assets. The target company is a small investment and finance entity with negligible turnover (Rs. 64,300 in FY24, Rs. 74,400 in FY23, Rs. 1.52 lakh in FY22). The allotment was completed on 31 March 2025, and the CCPS can only be converted into equity after a minimum of 7 years and a maximum of 20 years from allotment. The CCPS carry no voting or participation rights until converted, so P. B. Films acquires no control in the target company.
This is essentially a non-cash reshuffling of existing balance sheet items (loans converted into a financial instrument) rather than fresh capital deployment, so the immediate financial impact on P. B. Films is limited. For shareholders, it signals a move to park idle receivables into a long-dated investment, with no operational or strategic control gained.