Filmcity Media Limited has officially notified BSE Limited about its non-applicability to certain SEBI regulations due to its size criteria. The company has claimed exemption from Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Exemption Details

The company has informed the stock exchange that Regulation 24A of SEBI LODR Regulations 2015 does not apply to its operations. This exemption is being claimed under Regulation 15(2) of the same regulations, which provides relief for smaller companies based on specific financial thresholds.

Company Financial Position

As on March 31, 2026, Filmcity Media Limited's financial metrics fall below the regulatory requirements specified in Regulation 15 of SEBI LODR Regulations 2015. The company's paid-up equity share capital remains under INR 10 crores, while its net worth is below the INR 25 crores threshold.

Official Communication

The formal notification was submitted to BSE Limited's Department of Corporate Service on April 17, 2026. The communication was digitally signed by Raksha Kumari, who serves as the Company Secretary & Compliance Officer with membership number A46084.

Regulatory Compliance

By informing the stock exchange about this exemption, Filmcity Media Limited has fulfilled its disclosure obligations under the applicable regulations. The company has requested BSE Limited to update its records with this information, ensuring proper regulatory compliance and transparency with the exchange.

Filmcity Media Limited has formally regularised the appointment of Mr. Prabhat Modi as Non-Executive Non-Independent Director following the successful completion of its postal ballot process. The company announced the regularisation on April 17, 2026, one day after declaring the voting results that saw shareholders approve three key resolutions with overwhelming support.

Director Regularisation Details

Mr. Prabhat Modi, who was initially appointed as an Additional Director by the Board of Directors on March 13, 2026, has now been regularised as a Non-Executive Non-Independent Director for a term of 5 years. His appointment is subject to retirement by rotation as per company regulations.

Professional Background and Qualifications

Mr. Modi brings substantial expertise in finance and capital markets to the board. He holds a B.Sc in Accounting & Finance from the University of Essex, United Kingdom, and a PGDM (SM) from the National Institute of Securities Market (NISM). His professional experience includes internships at SBI Mutual's Investment Department and BSE India Limited's Regulatory department, along with a role as Private Market Research Associate at Morningstar India Private Limited.

Postal Ballot Results Overview

The postal ballot process, conducted from March 17 to April 15, 2026, saw shareholders approve three critical resolutions. The director appointment resolution received 99.98% approval, with 54,44,745 votes in favour out of 54,46,000 votes polled.

Regulatory Compliance and Disclosures

The company has confirmed full compliance with SEBI regulations, including the June 20, 2018 circular requirements. Mr. Modi is not debarred from holding directorship by SEBI or any other regulatory authority. The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The regularisation process involved 14,703 shareholders on record, with the company maintaining transparency through proper documentation and scrutinizer oversight by A.K. Choudhary & Associates. The company noted that Mr. Modi is not related to any existing board member, ensuring independence in governance structure.