Digikore Studios converts ₹11 crore loan into equity

1 min read Updated on 28 Jun 2026, 04:43 PM

Reviewed by

Riya DScanX News Team

AI Summary

Digikore Studios Limited has approved the preferential allotment of 14,15,701 equity shares to promoter Abhishek Rameshkumar More, converting outstanding loans worth ₹11 crore into equity. The Board of Directors passed the resolution on June 25, 2026, setting the issue price at ₹77.70 per share, which includes a premium of ₹67.70 over the face value of ₹10. The allotment was conducted in accordance with Chapter V of the SEBI ICDR Regulations, 2018, and the provisions of the Companies Act, 2013.

*this image is generated using AI for illustrative purposes only.

Digikore Studios Limited has approved the preferential allotment of 14,15,701 equity shares to promoter Abhishek Rameshkumar More, converting outstanding loans worth ₹11 crore into equity. The Board of Directors passed the resolution on June 25, 2026, setting the issue price at ₹77.70 per share, which includes a premium of ₹67.70 over the face value of ₹10. This strategic conversion strengthens the company's equity base by addressing promoter debt.

The allotment was conducted in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the provisions of the Companies Act, 2013. The requisite disclosures pursuant to Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026I dated January 30, 2026, have been provided to the exchanges.

Details of the Allotment

The preferential issue was exclusively directed toward the identified promoter. The conversion of the loan into equity shares results in the issuance of fully paid-up shares, aggregating to a total consideration of ₹11 crore.

Particulars	Details
Type of securities	Equity Shares
Type of issuance	Preferential Allotment
Total number of shares	14,15,701
Issue price per share	₹77.70
Face value per share	₹10
Premium per share	₹67.70
Total consideration	₹11,00,00,000
Allottee category	Promoter

Allottee Information

The entire tranche of shares has been allotted to a single investor, Abhishek Rameshkumar More, who serves as the Managing Director of the company. The consideration for the allotment was met through the conversion of an existing loan amounting to ₹11 crore.

Sr. No.	Name of the Allottee	Category	Number of Shares	Consideration
1	Mr. Abhishek Rameshkumar More	Promoter	14,15,701	Conversion of loan of ₹11,00,00,000
Total			14,15,701	₹11,00,00,000

Historical Stock Returns for Digikore Studios

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.11%	-2.00%	-0.19%	-23.11%	-72.10%	-81.87%

How will the elimination of ₹11 crore in debt impact Digikore Studios' interest obligations and overall profitability in the coming fiscal year?

Does this conversion signal a shift in the company's capital structure strategy toward reducing leverage and strengthening its balance sheet?

What are the potential implications of this increased promoter stake on future corporate governance and decision-making processes?

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Digikore Studios revises promoter holding to 62.34%

1 min read Updated on 06 Jun 2026, 05:03 PM

Reviewed by

Anirudha BScanX News Team

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AI Summary

Digikore Studios Limited corrected its post-issue promoter holding to 62.34% and updated its valuation report for a preferential issue following NSE observations. The company also revised disclosures related to SEBI ICDR Regulations. The revised documents are now available on the company's website.

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Digikore Studios Limited has corrected its post-issue shareholding pattern for a proposed preferential issue, reducing the promoter and promoter group holding to 62.34%. The revision follows observations raised by the National Stock Exchange of India (NSE) regarding disclosures made for the Extraordinary General Meeting (EGM). The company addressed the exchange's queries by submitting clarifications and undertaking necessary revisions to the relevant documents.

The company stated that the percentage under the Promoter and Promoter Group category was corrected from 69.64% to 62.34%. Additionally, the disclosure under Point No. 31(c) of the Explanatory Statement, which relates to the applicability of Regulation 166A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, was revised to reflect the correct position.

A revised Valuation Report was obtained from an Independent Registered Valuer. The report was updated based on the correct Relevant Date, updated financial information, and revised weightages derived from the prevailing market price and other relevant parameters.

The revised Corrigendum of the EGM and the revised Valuation Report have been uploaded on the company's website and are available for public access. The response was submitted by Heny Pahuja, Company Secretary and Compliance Officer, on June 05, 2026.