DISCLOSURE UNDER REGULATION 30 OF SEBI LODR REGULATIONS, 2015- CHANGE IN MANAGEMENT OF THE COMPANY
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Awaiting price reaction for this filing.
At an EGM on 2nd May 2025, shareholders approved converting three Additional Directors into Executive (Whole-Time) Directors: Mr. Surinder Kumar Kalra (₹6 lakh p.a., 3-year term from 14 Jan 2025), Ms. Hina (₹2.4 lakh p.a., 3-year term from 14 Jan 2025), and Mr. Shah Adnan Khan (₹3.6 lakh p.a., 3-year term from 19 Mar 2025). None of the three directors are related to each other. The company also amended its object clause to add two new business lines — IT/Software/AI services and real estate & infrastructure development — on top of its existing operations. Additionally, terms of loan agreements with various entities were revised.
These are largely formal confirmations of director roles already in place plus a clear pivot of the company's business focus toward IT and real estate. Shareholders should note the significant shift away from the legacy film/media business, but no immediate material financial impact is evident from the disclosures.