Corrigendum To The Notice Of The Extra-Ordinary General Meeting
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Zinema Media & Entertainment has issued a corrigendum to its EGM notice originally dated March 2, 2026. The EGM is scheduled for Saturday, March 28, 2026 at 3:30 PM via video conferencing, with e-voting running from March 25 to March 27, 2026. The corrigendum removes Mr. C.R. Vasudevan from the list of proposed allottees under Item No. 1, which is a preferential issue of 1.83 crore equity shares at Rs. 10 each, raising up to Rs. 18.30 crore from 15 identified allottees. All other items remain unchanged: sweat equity shares of 50 lakh total to directors B. Sathya Prakash and Dinesh Raj (Item 2), acquisition of up to 60% stake in Beontyme Technologies via share swap of 6 lakh shares (Item 3), 10,000 shares to Tulsea Media for OTT platform consultancy services (Item 4), and an increase in authorized share capital from Rs. 8 crore to Rs. 45 crore (Item 5).
Existing shareholders face significant potential dilution across multiple share issuances totaling around 2.39 crore shares, including preferential, sweat equity, share swap, and consideration-based allotments. The substantial increase in authorized capital (over 5x) signals room for further fundraising. The minor removal of one allottee does not materially change the overall dilution profile.