Filmcity Media Limited shareholders approved a special resolution to rename the company to Filmcity Media and Consultancy Limited during the 32nd Annual General Meeting held on September 29, 2026. The move marks a strategic shift in the company's corporate identity.

The meeting, conducted at the registered office in Mumbai, saw the adoption of audited financial statements for FY26. All board members were present, including Chairman Shivji Jindal and Managing Director Surendra Ramkishore Gupta. The statutory auditor’s report on standalone financials contained no qualifications or adverse remarks.

Resolutions passed

Shareholders voted on several key items of ordinary and special business. The reappointment of Kirti Vishnu Tiwari as Executive Director was approved under ordinary business. Special resolutions included the appointment of two independent directors and the name change.

Governance updates

The AGM confirmed the presence of all directors, including Non-Executive Independent Director Iti Goel and Non-Executive Non-Independent Director Prabhat Modi. Mr. Ajay Kumar Chaudhary served as the scrutinizer for the voting process. Remote e-voting facilities were provided via NSDL prior to the physical meeting.

The proceedings concluded with a vote of thanks, and the final voting results were slated for disclosure on the company website within two working days.

Filmcity Media Limited reported a net loss of ₹26.64 lakh for the financial year ended March 31, 2026, widening from a loss of ₹15.27 lakh in the previous year. The company recorded zero revenue from operations during the period, citing a lack of capital resources and challenges in the traditional media sector as primary reasons for the absence of business activity.

The Board of Directors has scheduled the 32nd Annual General Meeting (AGM) for Tuesday, September 29, 2026, at 11:00 am at its registered office in Mumbai. The meeting will address several key corporate actions, including a proposed change in the company's name and the appointment of new independent directors.

Financial Performance

The company’s financial results for FY26 reflect a complete halt in operational revenue generation. Total income stood at just ₹0.26 lakh, derived entirely from other income, compared to ₹125.10 lakh in FY25. Expenses remained relatively stable at ₹26.90 lakh, primarily driven by employee benefit expenses of ₹7.16 lakh and other operating costs of ₹19.55 lakh.

The increase in net loss is attributable to the absence of operating revenue, which previously offset a significant portion of the company’s fixed costs. The balance sheet shows total assets of ₹360.55 lakh, with inventories accounting for ₹287.79 lakh, largely comprising media content assets. Cash and cash equivalents stood at ₹0.71 lakh.

Proposed Name Change and Strategic Shift

A special resolution at the AGM seeks approval to change the company’s name from "Filmcity Media Limited" to "Filmcity Media and Consultancy Limited." This change aims to reflect the company’s proposed diversification into consultancy services, particularly in investment and infrastructure-related activities.

The Board previously altered the Main Objects Clause of the Memorandum of Association via postal ballot in April 2026 to include real estate development, construction, and financial product distribution. The name change is intended to provide a broader identity commensurate with these expanded business objectives.

Board Appointments

Shareholders will be asked to appoint two new independent directors:

• Ms. Shivi Jindal (DIN: 07625672), who brings experience in human resources, business administration, and compliance.
• Ms. Iti Goel (DIN: 11875409), who has expertise in accounts, finance, and insurance.

Both directors are proposed for a five-year term commencing from August 12, 2026. Additionally, Ms. Kirti Vishnu Tiwari, Executive Director and CEO, retires by rotation and offers herself for reappointment. She also serves as the CFO following the resignation of Mr. Mohit Jain in March 2026.

AGM Details

The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026. The cut-off date for e-voting is Tuesday, September 22, 2026. Investors holding equity shares as on this date can participate in the remote e-voting process facilitated by NSDL.