Intimation of Notice of Extraordinary General Meeting (EGM) Scheduled to be held on 28th March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zinema Media has called an EGM on 28 March 2026 (via video conferencing) to seek shareholder approval on five key items. Item 1 seeks approval to issue 1.93 crore equity shares on a preferential basis at Rs. 10 each, raising up to Rs. 19.3 crore from 15 allottees (one promoter, rest non-promoters). Item 2 proposes issuing 50 lakh sweat equity shares (25 lakh each) to Managing Director B. Sathya Prakash and Executive Director Dinesh Raj at Rs. 10 each, vesting over 3 years with a 3-year lock-in. Item 3 covers the acquisition of up to 60% in Beontyme Technologies via a share swap — 6 lakh Zinema shares allotted in exchange, at a swap ratio of 1 Beontyme share for 1,074 Zinema shares. Item 4 is a small 10,000-share allotment to Tulsea Media as consideration for OTT/consultancy services. Item 5 raises the authorised share capital from Rs. 8 crore to Rs. 45 crore to accommodate the above issuances.
Shareholders should note significant equity dilution: the preferential issue and sweat equity together could add ~2.5 crore shares, materially expanding the share count at the floor price of Rs. 10. The share-swap acquisition of Beontyme Technologies signals diversification into technology, while sweat equity to directors is a related-party reward. Existing shareholders will vote on substantial dilution and a related-party transaction at the EGM on 28 March 2026.