Digikore Studios Issues Corrigendum to EGM Notice for Preferential Equity Share Issue

2 min read     Updated on 25 Apr 2026, 11:38 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Digikore Studios Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice regarding a preferential equity share issue scheduled for May 01, 2026. The company proposes to issue 14,15,701 fully paid-up equity shares of ₹ 77.70 each to promoter Abhishek Rameshkumar More by converting outstanding loans aggregating ₹ 11,00,00,000. The preferential issue, approved by the Board on April 08, 2026, will increase the promoter's shareholding from 21.76% to 29.63% post-issue. The shares will be subject to lock-in provisions as per SEBI ICDR Regulations and will be listed on NSE subject to necessary approvals.

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Digikore Studios Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice regarding a preferential equity share issue scheduled for May 01, 2026. The company received observations from the National Stock Exchange of India Limited (NSE) directing it to rectify and provide disclosure of the revised valuation report under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors at their meeting held on April 08, 2026, approved the preferential issue of 14,15,701 fully paid-up equity shares of ₹ 77.70 each, by converting outstanding loans into equity aggregating ₹ 11,00,00,000. The issue is being made to Mr. Abhishek Rameshkumar More, a promoter of the company, who had extended financial support to the company through unsecured loans to meet working capital and operational requirements.

Key Details of the Preferential Issue

Particulars Details
Number of Shares 14,15,701
Issue Price per Share ₹ 77.70
Face Value ₹ 10
Total Issue Size ₹ 11,00,00,000
Allottee Mr. Abhishek Rameshkumar More (Promoter)
Relevant Date April 01, 2026

The price of ₹ 77.70 per equity share has been determined in accordance with Regulation 166A of the ICDR Regulations as the shares of the company are infrequently traded on the stock exchanges. The valuation report obtained from independent registered valuer Hemang Harshadbhai Shah (IBBI/RV/03/2020/12854) is available on the company's website.

Shareholding Pattern Changes

The preferential issue will result in changes to the company's shareholding pattern. The promoter group's total shareholding will increase from 58.46% to 69.64%, while public shareholding will decrease from 41.54% to 37.36%.

Category Pre-Issue Shares Pre-Issue % Post-Issue Shares Post-Issue %
Promoter and Promoter Group 74,04,400 58.46 88,20,101 69.64
Public Shareholding 52,61,200 41.54 52,61,200 37.36
Total 1,26,65,600 100 1,40,81,301 100

Mr. Abhishek Rameshkumar More's individual shareholding will increase from 21.76% to 29.63% post-issue. The company has clarified that there will be no change in control or management of the company pursuant to the proposed preferential issue.

Terms and Conditions

The equity shares will be allotted in dematerialised form within 15 days from the date of passing of the special resolution by shareholders. The shares will be subject to lock-in provisions as specified under Chapter V of the ICDR Regulations. The resultant equity shares will rank pari-passu with the existing equity shares in all respects, including dividend and voting rights, from the date of allotment.

The e-voting period will commence on Tuesday, April 28, 2026 at 09:00 A.M. IST and conclude on Thursday, April 30, 2026 at 5:00 P.M. IST. Shareholders may also cast their votes during the EGM to be held on Friday, May 01, 2026 at 02 P.M. IST through video conferencing or other audio visual means. The revised valuation report and related documents are available on the company's website at https://digikore.com/investor-zone/ .

Historical Stock Returns for Digikore Studios

1 Day5 Days1 Month6 Months1 Year5 Years
-0.95%-2.92%-11.73%-19.93%-65.43%-75.98%

How will the increased promoter shareholding from 58.46% to 69.64% affect Digikore Studios' ability to attract institutional investors and maintain market liquidity?

What specific working capital challenges or growth opportunities is Digikore Studios addressing through this ₹11 crore debt-to-equity conversion?

Will the improved debt-equity ratio following this conversion enable Digikore Studios to access better financing terms for future expansion projects?

Digikore Studios Sets Ambitious Revenue Target for FY25-26

1 min read     Updated on 01 Oct 2025, 11:14 AM
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Reviewed by
Suketu GScanX News Team
AI Summary

Digikore Studios, an entertainment technology company, has announced financial goals for FY 2025-2026. The company aims to achieve revenue of over 600 million rupees and an 18% profit margin. These targets indicate Digikore's confidence in its growth potential and market position in the entertainment technology sector.

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Digikore Studios , a player in the entertainment technology sector, has announced an ambitious financial goal for the fiscal year 2025-2026. The company has set its sights on achieving a substantial revenue target, signaling confidence in its growth trajectory and market position.

Revenue Target

Digikore Studios has revealed its plans to reach a revenue milestone of over 600.00 million rupees for the fiscal year 2025-2026. This target reflects the company's aspirations for significant growth in the coming years.

Profit Margin Goal

Alongside its revenue target, Digikore Studios has also outlined its profitability objectives. The company aims to achieve an impressive 18.00% profit margin during the same period. This dual focus on both top-line growth and bottom-line performance indicates a strategic approach to financial management and business expansion.

Strategic Implications

The announcement of these financial targets suggests that Digikore Studios is positioning itself for substantial growth in the entertainment technology space. By setting specific and ambitious goals, the company demonstrates its commitment to creating value for shareholders and strengthening its market presence.

While the company has not disclosed specific strategies to achieve these targets, the goals themselves imply potential expansions in service offerings, client base, or market reach. The entertainment technology sector, known for its dynamic nature and rapid advancements, presents both opportunities and challenges for companies like Digikore Studios.

Investors and industry observers will likely be watching closely to see how Digikore Studios progresses towards these financial objectives in the coming years. The ability to meet or exceed these targets could significantly impact the company's market position and investor confidence.

As the company moves forward, more details about its strategic initiatives and operational plans to achieve these financial goals may emerge, providing further insights into Digikore Studios' growth trajectory and market strategy.

Historical Stock Returns for Digikore Studios

1 Day5 Days1 Month6 Months1 Year5 Years
-0.95%-2.92%-11.73%-19.93%-65.43%-75.98%
1 Year Returns:-65.43%