Please find the enclosed Notice of EGM going to held on 28th May 2025
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Zinema Media & Entertainment has called an EGM on May 28, 2025, via video conferencing, with e-voting open from May 25 to May 27, 2025. Shareholders will vote on raising the authorised share capital from ₹8 crore to ₹31 crore to enable a major fundraising push. The EGM also seeks approval for issuing up to 1.10 crore equity shares on a preferential basis at ₹10 each (raising up to ₹11 crore from 16 allottees, including the MD), and allotting 50 lakh sweat equity shares (worth ₹5 crore) split equally between MD B. Sathya Prakash and Director Dinesh Raj, along with ₹5 lakh annual cash remuneration each. Further, the company plans to acquire Premier Futsal Management Pvt Ltd through an NCLT-approved resolution plan (with 24.99 lakh shares allotted to creditors) and acquire up to 60% of Bontyme Technologies via a share-swap arrangement, expanding into sports broadcasting and a media networking platform.
Significant dilution is on the table for existing shareholders — the authorised capital is nearly quadrupling and multiple preferential and sweat-equity allotments could meaningfully expand the share count. However, the moves also fund an aggressive growth strategy into sports media, digital platforms, and acquisitions, which could lift long-term prospects if executed well. Shareholders should weigh the dilution against the planned expansion into sports broadcasting, digital content, and the Bontyme Technologies acquisition.