Filmcity Media Limited has issued a comprehensive postal ballot notice to shareholders, proposing significant business expansion and capital restructuring initiatives. The company has scheduled remote e-voting from March 17, 2026, to April 15, 2026, for three critical resolutions that could reshape its business operations.

Business Expansion into Real Estate and Financial Services

The company proposes to alter its main object clause in the Memorandum of Association to include real estate development and financial services. The proposed amendment would enable Filmcity Media to operate as builders, contractors, and developers of residential, commercial, and institutional properties. The expansion also covers financial product distribution and investment consulting services.

Director Appointment

The board has recommended the appointment of Mr. Prabhat Modi (DIN: 08193181) as Non-Executive Non-Independent Director for a five-year term effective March 13, 2026. Modi brings significant expertise with qualifications including B.Sc (Accounting & Finance) from University of Essex, United Kingdom, and PGDM (SM) from National Institute of Securities Market (NISM).

Preferential Equity Issue

The most significant proposal involves issuing 1,90,00,000 equity shares at Re. 1 per share to raise Rs. 1,90,00,000. The preferential allotment targets both promoter and non-promoter categories, with specific allocations designed to support the company's expansion plans.

Fund Utilization Strategy

The company has outlined a clear roadmap for deploying the raised capital across three primary areas. The largest allocation supports business expansion into financing and investment consulting, while significant funds will address existing financial obligations.

Shareholding Impact

Post-preferential issue, the company's shareholding structure will undergo significant changes. Promoter shareholding will increase from 16.91% to 24.55%, while the total paid-up capital will expand from Rs. 3,05,70,969 to Rs. 4,95,70,969.

E-Voting Process

Shareholders can participate in the postal ballot through NSDL's remote e-voting platform. The voting period commences at 9:00 A.M. IST on Tuesday, March 17, 2026, and concludes at 5:00 P.M. IST on Wednesday, April 15, 2026. M/s A. K. Choudhary & Associates has been appointed as scrutinizer to ensure fair and transparent voting process.

The results will be announced by Friday, April 17, 2026, and communicated to BSE Limited and uploaded on the company's website. This comprehensive restructuring initiative positions Filmcity Media for diversified growth across real estate and financial services sectors.

Filmcity Media Limited has successfully completed its preferential issue process with the Preferential Issue Committee finalizing the allotment of equity shares worth Rs 1.90 crore on March 16, 2026. This development follows the board meeting held on March 13, 2026, which approved the preferential issue framework along with key managerial changes and business expansion amendments.

Preferential Issue Committee Outcome

The Preferential Issue Committee meeting held on March 16, 2026, approved the issuance of up to 1.90 crore equity shares at an issue price of Re 1 per share. The committee meeting commenced at 2:00 PM and concluded at 2:30 PM, finalizing all technical aspects of the preferential allotment.

Final Allotment Structure

The preferential issue will be allocated among three entities across promoter and non-promoter categories, maintaining the strategic allocation approved by the board.

Board Decisions and Leadership Changes

The March 13, 2026 board meeting had approved significant organizational changes alongside the preferential issue. Mr. Mohit Jain resigned from his position as Executive Director and Chief Financial Officer effective March 11, 2026.

Ms. Kirti Vishnu Tiwari has been appointed as Chief Financial Officer in addition to her existing responsibilities as Executive Director and CEO, consolidating her role as Executive Director, CEO & Chief Financial Officer.

Business Expansion Through MOA Amendments

The board approved amendments to the company's Memorandum of Association to expand business activities into real estate development and financial services distribution. These amendments are subject to shareholder approval through postal ballot.

Regulatory Compliance and Next Steps

The company has appointed M/s A. K. Choudhary & Associates, Company Secretaries, as Scrutinizer for conducting the Postal Ballot and E-voting process. Company Secretary and Compliance Officer Raksha Kumari has ensured all regulatory compliance requirements under SEBI Listing Regulations are met. The preferential issue is being conducted in accordance with SEBI ICDR Regulations and Companies Act provisions, with the relevant date for minimum issue price determination set as March 16, 2026.