Please find the enclosed Proceedings of the EGM
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 held an Extraordinary General Meeting on March 28, 2026 via video conferencing, and all resolutions put to vote were passed with the requisite majority. The EGM covered five key items: (1) issue of sweat equity shares to directors, (2) increase in authorised share capital and amendment to the Memorandum of Association, (3) preferential issue of 1,83,00,000 (1.83 crore) equity shares of Rs. 10 face value for cash, (4) acquisition of up to 60% stake in M/s Beontyme Technologies Private Limited through preferential allotment via share swap, and (5) issue of equity shares to Tulsea Media Private Limited for consideration other than cash. The meeting ran for 30 minutes (3:30 PM to 4:00 PM), with remote e-voting open from March 25–27, 2026. Detailed voting results and the scrutinizer's report were filed separately and uploaded to the company's website and BSE.
Shareholders have approved significant share dilution — the preferential issue alone adds 1.83 crore new equity shares, and additional shares will be issued via share swap (Beontyme Technologies) and for non-cash consideration (Tulsea Media), expanding the total share count. The company is also set to acquire a majority stake in Beontyme Technologies and raise fresh capital, which could dilute existing shareholders' stake and change the company's capital structure. Existing investors should review the detailed voting results and scrutinizer's report for exact vote counts.