Outcome of the Board Meeing held on Saturday, September 13, 2025 to consider and approve investment proposal.
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The board of Vashu Bhagnani Industries Ltd (formerly Pooja Entertainment and Films Limited) approved an additional investment of up to Rs. 50 crore in its wholly-owned UAE-based subsidiary, Modern Production FZ LLC, in one or more tranches. The infusion will be a mix of Rs. 10 crore as a loan and Rs. 40 crore by subscribing to shares, entirely in cash. The funds will be used to enhance the subsidiary's working capital and to enter new real estate ventures. Modern Production FZ LLC, incorporated in Dubai in June 2018, is in the business of producing and distributing motion pictures, with total assets of around Rs. 37.76 crore as of March 31, 2025, and turnover ranging from Rs. 3.56 crore to Rs. 6.89 crore over the last three years. The transaction is a related party deal and has prior audit committee approval. Completion is targeted within FY 25-26.
This is an internal capital infusion into an existing wholly-owned subsidiary and does not change ownership structure. The investment is significantly larger than the subsidiary's current asset base and turnover, signalling a meaningful scale-up and a possible diversification into real estate, which may be worth tracking for future revenue contribution.