Silly Monks Entertainment Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on November 27, 2025
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Silly Monks Entertainment has called an Extraordinary General Meeting on November 27, 2025 at 11:30 AM via video conferencing, with e-voting open from November 24-26, 2025. The EGM will consider three key items: (1) increasing the authorised share capital from Rs. 11 crore to Rs. 14 crore (from 1.10 crore equity shares to 1.40 crore equity shares of Rs. 10 each); (2) issuing up to 22 lakh equity shares on a preferential basis to an acquirer and non-promoters at Rs. 18.50 per share (Rs. 10 face value + Rs. 8.50 premium), potentially raising around Rs. 4.07 crore; and (3) issuing up to 13.75 lakh convertible share warrants on a preferential basis to the acquirer at Rs. 18.50 per warrant, with 25% payable upfront and 75% on exercise within 18 months. The relevant date for pricing under SEBI ICDR Regulations is October 28, 2025. The cut-off date for shareholder eligibility to vote is November 20, 2025.
Existing shareholders will face dilution of their stake if the preferential allotments to the acquirer and non-promoters are approved. The mention of an 'Acquirer' and compliance with SEBI Takeover Regulations suggests a possible change in control or promoter-related transaction, which could meaningfully reshape the shareholding pattern and may be a significant event for the stock.