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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved increasing authorised share capital from ₹8 crore to ₹31 crore and a preferential issue of up to 1.1 crore equity shares at ₹10 each (₹11 crore total) to 16 named allottees. It also approved acquiring Premier Futsal Management Pvt Ltd through an NCLT resolution plan (issuing 24.99 lakh shares at face value to creditors) and acquiring up to 60% of Bontyme Technologies via a share swap. Additionally, 1 lakh shares will be allotted to Tulsea Media for consulting services, and 50 lakh sweat equity shares each (worth ₹5 crore each) will be granted to MD B. Sathya Prakash and Joint MD Dinesh Raj as part of their remuneration. Key managerial changes include a new CFO, two independent directors, and a new company secretary, effective May 1, 2025. A postal ballot is scheduled from April 30 to May 29, 2025, with record date of May 6, 2025.
Significant dilution is expected as the company issues over 1.36 crore new shares through preferential allotments, sweat equity, and acquisitions, while raising only ₹11 crore in fresh capital. Existing shareholders should watch the postal ballot outcome closely, as these changes will reshape the shareholding structure and expand the company's media and sports footprint.