Zinema Media And Entertainment Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/04/2025 ,inter alia, to consider and approve the agenda stated ....
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Zinema Media And Entertainment has called a Board Meeting on 25th April 2025 to consider several major corporate actions. These include increasing the authorised share capital, issuing equity shares through private placement, and acquiring Premier Futsal Management Pvt Ltd pursuant to a court order (with preferential shares to be allotted to the Committee of Creditors). The Board will also consider acquiring up to 60% equity in Bontyme Technologies Pvt Ltd through share allotment, and allotting 1,00,000 equity shares to Tulsea Media Pvt Ltd against consulting services. Additionally, the meeting will address key managerial appointments including a CFO, Independent Directors, Company Secretary, and Secretarial Auditor. Equity shares worth ₹2.5 Crores each (at ₹10 face value) are proposed to be allotted to two executives over three years as part of their remuneration. The Board will also finalise book closure and record dates for upcoming corporate actions and fix the date for an Extra-Ordinary General Meeting.
This is a heavy agenda with multiple dilutive actions — private placement, acquisitions via share swap, and executive remuneration through equity — which could lead to significant equity dilution for existing shareholders. Shareholders should watch for the record date announcement and EGM date to understand the timeline and implications of these proposed actions.