Regal Entertainment & Consultants Limited saw a significant internal shift in its promoter group shareholding as Northern Lights Ventures Private Limited acquired an additional 2.24% stake from Nisha Gupta on September 22, 2026.

This transaction, disclosed to BSE Limited on September 25, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, marks the second major transfer within the Persons Acting in Concert (PAC) group in recent weeks. The acquisition involved the purchase of 1,99,657 equity shares in the open market, signed off by Rohit Kumar Nath, Director & CEO of Northern Lights Ventures.

Shareholding Changes

The deal further consolidates Northern Lights Ventures' position within the PAC group, which also includes Nisha Gupta and Blue Ocean Strategic Advisors Private Limited. The total voting capital of Regal Entertainment remains unchanged at 89,09,090 equity shares with a face value of ₹10 each.

Note: The slight discrepancy between shares sold (2,00,000) and acquired by Northern Lights (1,99,657) reflects rounding or minor trading adjustments within the open market mechanism, while the aggregate PAC holding remains effectively stable at 20.24%.

What the Numbers Show

This transaction represents a continued consolidation of control within the promoter/PAC group rather than an external influx or exit of capital. Following this update, Northern Lights Ventures now holds 12.00% of Regal Entertainment, up from 9.76% just days prior. Conversely, Nisha Gupta’s stake has dropped significantly to 2.82% from 5.06%.

The aggregate voting power of the concert party remains constant at 20.24% of the total diluted share capital. This indicates that while individual entity holdings are shifting, with Northern Lights absorbing more direct control, there is no change in the overall control dynamics or external ownership structure of the company.

Regal Entertainment & Consultants Limited has scheduled its 34th Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 11:00 am. The meeting will be conducted via video conferencing or other audio-visual means. To determine voting rights, the company has announced the closure of its register of members and share transfer books from Thursday, September 17, 2026, to Wednesday, September 23, 2026 (both days inclusive), in compliance with Section 91 of the Companies Act, 2013, and Regulation 42 of SEBI (LODR) Regulations, 2015.

Remote e-voting will be available from September 20 to September 22, 2026. The cut-off date for determining voting rights is Wednesday, September 16, 2026.

Capital Structure and Borrowing Proposals

The primary agenda for the AGM involves seeking shareholder approval for significant changes to the company's capital structure and borrowing capacity. The board proposes increasing the authorized share capital from ₹14 crore to ₹40 crore by creating 2.6 crore additional equity shares of ₹10 each. This move aims to address present and future fund requirements.

Additionally, shareholders will decide on a special resolution to approve borrowing limits of up to ₹20 crore. This facility covers various instruments including term loans, working capital facilities, cash credit, overdrafts, and non-convertible debentures. The board also seeks consent to create mortgages, charges, or hypothecations on current and future assets to secure these borrowings.

Director Reappointment

Mr. Shreyash Vinodkumar Chaturvedi retires by rotation at the meeting and, being eligible, offers himself for reappointment. He has served as a director since August 4, 2017, and holds 10,77,781 equity shares in the company. His attendance record shows he attended all 40 board meetings since his appointment.

FY26 Financial Results

Regal Entertainment reported a net profit of ₹5.37 lakh for the financial year ended March 31, 2026, a significant decline from ₹51.88 lakh in FY25. Total income from operations rose to ₹129.82 lakh from ₹96.17 lakh in the previous year.

The profit contraction was primarily driven by a sharp increase in other expenses to ₹98.97 lakh from ₹16.22 lakh in FY25. This spike was largely due to one-time BSE revocation processing fees of ₹49.59 lakh and Registrar of Companies (ROC) fees of ₹10.28 lakh incurred during the year.

Other income increased significantly to ₹39.99 lakh from ₹10.14 lakh, driven by ₹35 lakh from other financial and technical support services. The company’s total assets stood at ₹262.31 lakh as of March 31, 2026, down from ₹318.58 lakh in the previous year, with cash and cash equivalents declining to ₹37.97 lakh from ₹227.23 lakh.