Filmcity Media Ltd has informed the stock exchange of the resignation of two Non-Executive Independent Directors — Ms. Priyanka Singh (DIN: 08752330) and Mr. Nitesh Singh (DIN: 08751700) — from the company's board, effective August 14, 2026. The intimation was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors have confirmed that there are no material reasons for their resignations other than those stated in their respective resignation letters.

Resignation Details

The following table summarises the key details of both resignations as disclosed by the company:

Directorships Held in Other Listed Entities

As part of the regulatory disclosure requirements, both directors provided details of their directorships in other listed entities at the time of resignation.

Ms. Priyanka Singh holds a directorship in the following listed entity:

• Dhenu Buildcon Infra Limited — Independent Director
  • Member: Audit Committee
  • Member: Nomination & Remuneration Committee
  • Chairperson: Stakeholders Relationship Committee

Mr. Nitesh Singh holds directorships in the following listed entities:

• Associated Ceramics Ltd — Independent Director
  • Member: Audit Committee
  • Member: Nomination & Remuneration Committee
  • Member: Stakeholders Relationship Committee
• Antriksh Vyapaar Ltd — Independent Director
• Dhenu Buildcon Infra Limited — Independent Director
  • Chairperson: Audit Committee
  • Chairperson: Nomination & Remuneration Committee
  • Member: Stakeholders Relationship Committee
• Thirani Projects Ltd — Independent Director
  • Member: Audit Committee
  • Member: Nomination & Remuneration Committee
  • Member: Stakeholders Relationship Committee

Resignation Letters

In her resignation letter dated August 5, 2026, Ms. Priyanka Singh stated that her increasing professional commitments and personal engagements made it difficult to devote the time and attention required to effectively discharge her responsibilities as an Independent Director. She requested the Board to complete all necessary statutory filings and formalities as required under the Companies Act, 2013 and applicable regulations.

Mr. Nitesh Singh, in his resignation letter also dated August 5, 2026, stated that he was preoccupied with other activities and was therefore unable to continue in the role of Independent Director, including membership on all relevant Board Committees. He requested the Board to accept his resignation and intimate the Registrar of Companies and stock exchanges accordingly.

The disclosure was signed by Raksha Kumari, Company Secretary & Compliance Officer (Membership No.: A46084), on August 5, 2026, in accordance with the applicable provisions of the SEBI Listing Regulations.

Filmcity Media promoters have strengthened their control over the listed entity by acquiring a significant block of shares through a preferential issue. PMC Fincorp Limited, along with its designated persons acting in concert (PACs), received an allotment of 70,00,000 equity shares on July 22, 2026. This move elevates the promoter group’s aggregate stake in the company to 24.55%, signaling continued confidence from the controlling shareholders in the firm’s future prospects.

The acquisition was disclosed to BSE Limited on July 24, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the shares were allotted on a preferential basis, with each share carrying a face value of Re. 1/-. The disclosure was signed by Raj Kumar Modi, Managing Director of PMC Fincorp Limited, and submitted to the exchange’s listing operations department in Mumbai.

Prior to this transaction, PMC Fincorp Limited held 23,65,000 shares, representing 7.74% of the total voting capital. The associated PACs — comprising Bimla Ramkishore Gupta, RRP Management Services Private Limited, and Prabhat Management Services Private Limited — collectively held 28,05,275 shares, or 9.18%. Together, the promoter group controlled 16.91% of the company’s equity before the new issuance.

The preferential allotment increased PMC Fincorp’s individual stake to 93,65,000 shares, now accounting for 18.89% of the total voting capital. While the PACs’ share count remained unchanged at 28,05,275, their percentage holding diluted to 5.66% due to the expansion of the company’s share base. No encumbrances, warrants, or other convertible instruments were involved in this transaction.

Capital Structure Impact

The issuance significantly altered Filmcity Media’s equity capital structure. Before the allotment, the company’s total equity share capital stood at ₹3,05,70,969, comprising 3,05,70,969 equity shares. Following the addition of 70,00,000 new shares, the total equity capital rose to ₹4,95,70,969, with the total number of shares increasing to 4,95,70,969. The total diluted share/voting capital remains identical to the post-acquisition equity capital at ₹4,95,70,969, indicating no outstanding convertible securities that would further dilute ownership.

What the Numbers Show

The preferential issue represents a substantial injection of promoter confidence, as the acquirers chose to increase their absolute share count rather than merely maintaining their percentage stake. By acquiring 70,00,000 shares, PMC Fincorp alone more than tripled its initial holding. The fact that the entire block was allotted to the promoter group, rather than being offered to external investors, suggests a strategic move to consolidate control without diluting existing promoter influence proportionally. The absence of any encumbrances on these newly acquired shares further indicates a clean, long-term investment stance by the promoters.