Please find the enclosed Scrutinizer''s Report for the EGM Held on 28th March 2026
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Zinema Media and Entertainment Ltd held an Extraordinary General Meeting (EGM) on 28th March 2026 via video conferencing, where all five resolutions were passed with 100% approval. Only 10 members participated in the voting, casting 28,65,000 shares in favor and zero against each resolution. Key resolutions approved include: (1) issuance of 1,83,00,000 equity shares of Rs. 10 face value on a preferential basis for cash, (2) issue of sweat equity shares to directors, (3) acquisition of up to 60% stake in Beontyme Technologies via share swap, (4) issue of equity shares to Tulsea Media for non-cash consideration, and (5) increase in authorised share capital with amendment to the Memorandum of Association. Out of 121 total shareholders on record date, only 1 promoter and 5 public shareholders attended the meeting.
The preferential issue of 1.83 crore shares represents a significant equity dilution, and combined with sweat equity to directors and a share-swap acquisition of Beontyme Technologies, existing shareholders face substantial dilution of their holdings. Shareholders should monitor upcoming announcements on allottee identities, pricing, and post-issue shareholding pattern to assess value impact.