Please find the enclosed Scrutinizer Report along with voting result for the EGM held on 28th May 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zinema Media and Entertainment held an Extraordinary General Meeting on May 28, 2025, via video conferencing, where all 9 resolutions were passed unanimously with 100% votes in favor (22,80,800 votes) and zero votes against. Out of 128 shareholders on record, only 9 members cast their votes through remote e-voting. Key resolutions included increasing authorized share capital, adding sports activities to the object clause, appointing two Independent Directors, elevating Mr. Dinesh Raj to Joint Managing Director, issuing equity shares on a preferential basis, allotting sweat equity shares to MD and JMD, and approving two acquisitions — Premier Futsal Management Pvt Ltd and up to 60% stake in Bontyme Technologies Pvt Ltd (via share swap). Additionally, 1,00,000 equity shares were approved for allotment to Tulsea Media Pvt Ltd against consulting services.
The EGM greenlights significant expansion and dilution — share capital will increase, new shares will be issued on a preferential basis, and two acquisitions will diversify the company into sports and technology. Shareholders should expect equity dilution from preferential, sweat equity, and acquisition-related allotments, while the acquisitions could reshape the company's business mix.