EFORU Entertainment Limited has scheduled an Extraordinary General Meeting (EGM) on June 5, 2026, to seek shareholder approval for issuing equity shares on a preferential basis. The meeting will be held via Video Conferencing (VC) and Other Audio Visual Means (OAVM) at 3:00 P.M. IST. The company proposes to allot up to 15,48,500 fully paid-up equity shares with a face value of ₹10 each at an issue price of ₹91 per share, including a premium of ₹81 per share. The total issue size aggregates to ₹14.09 crore.

Preferential Allotment Details

The preferential issue is subject to the approval of shareholders through a special resolution. The board of directors, in its meeting held on May 6, 2026, approved the proposal to raise funds for funding ongoing projects and general corporate purposes. The issue price of ₹91 per share has been determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations, 2018. The 'Relevant Date' for price determination is May 6, 2026.

Proposed Allottees and Shareholding

The shares will be issued to the Promoter and Non-Promoter Group. Amit Pankaj Vedawala, a promoter, will subscribe to 2,98,900 shares, while Global9 LLC and Dilip Modi, non-promoters, will subscribe to 11,95,800 and 53,800 shares respectively. Following the allotment, the promoter holding is expected to decrease from 58.27% to 50.25%, while the non-promoter holding will increase accordingly.

Utilization of Proceeds

The company intends to utilize the net proceeds of the issue amounting to ₹14.09 crore towards specific objects. A major portion of the funds will be allocated to office and studio infrastructure, followed by content-related activities and marketing initiatives.

EGM and Voting Timelines

The cut-off date to determine the eligibility of members for voting on the EGM resolution is May 29, 2026. Remote e-voting will commence at 9:00 A.M. IST on June 2, 2026, and conclude at 5:00 P.M. IST on June 4, 2026. The facility to appoint a proxy is not available for this meeting, though body corporates may appoint authorized representatives.

Eforu Entertainment Limited, formerly known as Tavernier Resources Limited, held its Board of Directors meeting on Saturday, May 9, 2026, as previously intimated to BSE Limited. The board, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The statutory auditors, H. S. Jani & Associates, Chartered Accountants (FRN: 127515W), issued an unmodified audit opinion on the financial results. The meeting commenced at 04:00 P.M. and concluded at 04:45 P.M.

Key Board Decisions

The board approved two significant agenda items during the meeting. In addition to the audited financial results, the board approved the appointment of Mrs. Riddhi Mit Shah as Company Secretary and Compliance Officer of the company with effect from May 9, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee. Mrs. Riddhi Mit Shah holds the membership number ACS 70953 and is a qualified Company Secretary and a commerce graduate with more than 3 years of experience in handling Company Law, SEBI regulations, and legal compliances. The requisite disclosures pertaining to this appointment have been filed separately under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing was signed by Mokshaben Ravjibhai Patel, Whole-Time Director (DIN: 10712712), on behalf of Eforu Entertainment Limited.

Appointed Company Secretary – Key Details

The following details of Mrs. Riddhi Mit Shah's appointment have been disclosed pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Financial Performance: Quarter and Year Ended March 31, 2026

The company reported a net profit of ₹86.83 lakhs for the full year ended March 31, 2026, compared to ₹266.35 lakhs in the previous year. Total income for the year stood at ₹168.55 lakhs against ₹293.65 lakhs in the prior year. For the quarter ended March 31, 2026, the company recorded a net loss of ₹1.30 lakhs, compared to a net profit of ₹21.53 lakhs in the corresponding quarter of the previous year. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹904.76 lakhs, compared to ₹793.51 lakhs as at March 31, 2025. Total equity increased to ₹874.70 lakhs from ₹787.87 lakhs in the previous year, supported by share capital of ₹597.90 lakhs and other equity of ₹276.80 lakhs. Current assets grew to ₹747.92 lakhs from ₹677.51 lakhs, driven by inventories of ₹221.07 lakhs and other current assets of ₹361.21 lakhs. Total current liabilities rose to ₹30.06 lakhs from ₹5.64 lakhs in the prior year.

Cash Flow Summary

The company reported a net decrease in cash and cash equivalents of ₹415.95 lakhs for the year ended March 31, 2026, compared to a net increase of ₹422.10 lakhs in the previous year. Net cash used in operating activities was ₹381.31 lakhs, while net cash used in investing activities was ₹34.42 lakhs. Net cash used in financing activities stood at ₹0.22 lakhs. Cash and cash equivalents at the end of the year stood at ₹15.64 lakhs, compared to ₹431.59 lakhs at the beginning of the year.