Extra Ordinary General Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thinkink Picturez Ltd has called an EGM on 8th May 2026 for shareholders to approve four special resolutions. The main agenda is seeking approval to issue Foreign Currency Convertible Bonds (FCCBs) up to USD 700 million (approximately ₹5,800 crore) for international expansion of natural stone mining operations and global footprint strengthening. Additionally, the company wants to increase its borrowing limit from the current level to ₹10,000 crore (Ten Thousand Crores) to support business expansion, capital expenditure, and working capital needs. The third resolution seeks approval to give loans, guarantees, and make investments up to ₹1,000 crore in other entities. A new FCCB Committee will also be constituted to handle the issuance. Voting deadline is 7th May 2026.
The FCCB issuance is highly dilutive as it can convert to equity shares, potentially significantly diluting existing shareholders. The massive borrowing limit increase signals aggressive expansion plans but also increases financial leverage and debt servicing obligations. Shareholders should carefully evaluate the conversion terms before voting.