Bodhi Tree Multimedia Limited has successfully completed its strategic acquisition by allotting 12,00,000 equity shares to acquire a 20% stake in Lehren Networks Private Limited through a share swap arrangement. The Board of Directors approved the preferential allotment on March 21, 2026, during a meeting that commenced at 11:30 AM and concluded at 12:30 PM, marking a significant step in the company's expansion into the media and entertainment industry.

Transaction Details

The acquisition was executed through a preferential issue of equity shares rather than cash consideration. The company allotted shares to Mr. Mritunjay Surendernath Pandey, categorized as a non-promoter public investor, as part of the share swap arrangement.

About Lehren Networks Private Limited

Lehren Networks Private Limited is a heritage Indian entertainment media company with a rich legacy dating back to 1987. Originally established as a pioneer in video film magazines, the company has transformed into a dynamic, digital-first, multi-platform network. The company operates from its registered office at B-814, 8th Floor, Samartha Aishwarya, Opp Highland Park, Oshiwara, Andheri (West), Mumbai and focuses on high-quality content broadcasting across television, satellite, radio, internet, and mobile platforms.

The target company's business encompasses content creation and distribution across multiple languages including Hindi, English, Bhojpuri, Tamil, Telugu, Kannada, Malayalam, and Marathi. Lehren Networks specializes in Bollywood content, regional cinema, celebrity news, podcasts, and maintains extensive legacy archives with global presence.

Financial Performance of Lehren Networks

Lehren Networks has demonstrated consistent financial performance over the past three years:

Strategic Rationale

The acquisition aligns with Bodhi Tree Multimedia's strategic objective to expand its presence in the media and entertainment industry. Through this transaction, the company gains access to Lehren Networks' established digital platform presence and extensive content library. The deal provides Bodhi Tree Multimedia with a stronger foothold in the entertainment content creation and distribution segment.

Regulatory Compliance

The transaction was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The preferential allotment follows the Share Purchase and Share Subscription Agreement executed on November 27, 2025. No governmental or regulatory approvals were required for completing this acquisition, and the transaction does not fall within related party transactions. The company has informed both NSE and BSE about the completion of this strategic acquisition through official regulatory disclosures.

Bodhi Tree Multimedia Limited's independent directors held their separate meeting on March 09, 2026, as part of the company's corporate governance framework under Regulation 30. The meeting demonstrates the company's commitment to maintaining robust oversight mechanisms and ensuring effective board performance evaluation.

Meeting Overview and Duration

The independent directors' meeting commenced at 3:00 PM and concluded at 3:40 PM on March 09, 2026, spanning a focused 40-minute session. The meeting was conducted to address specific governance requirements and performance assessment obligations.

Key Agenda Items and Assessments

The independent directors addressed three critical areas during their deliberations:

Governance Framework Compliance

The meeting represents a standard practice under corporate governance regulations, where independent directors conduct separate evaluations to ensure objective assessment of board effectiveness. This process enables independent oversight of the company's leadership structure and decision-making processes.

Information Flow Assessment

A significant focus of the meeting was evaluating whether the information flow between company management and the board meets the necessary standards for directors to effectively and reasonably perform their duties. This assessment ensures that board members receive adequate, timely, and relevant information for informed decision-making.

Regulatory Communication

The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about the meeting outcome, maintaining transparency with regulatory authorities and stakeholders as required under listing compliance obligations.