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The Board of Directors of Zinema Media and Entertainment Limited, at its meeting on February 16, 2026, approved several key items. First, 50 lakh sweat equity shares (25 lakh each) will be allotted to Managing Director Mr. Baskaran Sathya Prakash and Joint Managing Director Mr. Dinesh Raj as non-cash consideration, in recognition of their contributions to the company. Second, 10,000 equity shares will be issued on a preferential basis to Tulsea Media Private Limited (non-promoter) at Rs.10 per share, totalling Rs.1 lakh, against services rendered. Third, the authorized share capital will be increased from Rs.8 crore (80 lakh shares) to Rs.45 crore (4.5 crore shares). The MD and Joint MD were also authorised to execute documents for a potential fund raise. All matters remain subject to shareholder and regulatory approvals, and some agenda items were deferred to a subsequent meeting.
Existing shareholders will see dilution from the sweat equity (50 lakh shares to promoters) and preferential allotment (10,000 shares), though the dilution to non-promoters is minimal. The massive jump in authorized capital (from Rs.8 crore to Rs.45 crore) signals significant future fundraising plans, which could lead to further dilution. Sweat equity to promoters without cash inflow is generally viewed cautiously by minority shareholders.