eforu entertainment has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for June 5, 2026, via Video Conferencing. The revision addresses observations received from BSE Limited regarding the proposed preferential issue of equity shares. The company seeks shareholder approval to issue 15,48,500 equity shares, with total issue proceeds estimated at ₹14.09 crore.

The corrigendum updates the explanatory statement to detail the specific objects for the utilization of the issue proceeds. The allocation includes ₹5.20 crore for office furniture and interior, including an in-house office theatre and post-production studio. Additionally, ₹4.21 crore is earmarked for movie production, while ₹4 crore is allocated for advertising, marketing, and promotion of movies. The remaining ₹0.68 crore will be used for general corporate purposes.

Utilization of Issue Proceeds

The company has outlined tentative timelines for the deployment of funds. Expenditure on office infrastructure is scheduled within 15 months from the date of receipt of funds. Movie production and promotional activities are set to be completed within 18 months. General corporate purposes will be funded within six months. The company noted that these amounts may deviate by +/- 10% based on management estimates and external factors.

Allottee Details

The document also revises the disclosure regarding the status of the proposed allottees post-issue. The preferential issue will be made to three entities. Amit Pankaj Vedawala, currently a promoter, will remain a promoter. Global9 LLC and Dilip Modi, both currently non-promoters, will retain their non-promoter status following the allotment.

The company stated that pending full utilization for the specified objects, proceeds may be invested in money market instruments, scheduled commercial bank deposits, or government securities. As the issue size is less than ₹100 crore, the company is not required to appoint a credit rating agency as a monitoring agency under SEBI ICDR Regulations.

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. In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has also published newspaper advertisements regarding the EGM notice and e-voting information in Free Press Gujarat (English) and Lokmitra (Gujarati).

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. The table below summarises the proposed allottees and their post-issue shareholding.

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. The allocation of proceeds is detailed in the table below.

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. Members present at the EGM who have not cast their votes through remote e-voting may vote electronically during the meeting itself. The facility to appoint a proxy is not available for this meeting, though body corporates may appoint authorized representatives. Members who acquire shares after the notice has been sent electronically and hold shares as on the cut-off date may obtain login credentials by writing to helpdesk.evoting@cdslindia.com .