Regal Entertainment & Consultants Limited shareholders approved a special resolution to enhance the company's aggregate borrowing limit up to ₹20 crore during its 34th Annual General Meeting held on September 23, 2026. The meeting also saw the approval to increase the authorized share capital from ₹14 crore to ₹40 crore.

The board proposed these measures to facilitate future operations and expansion, accompanied by a proposal to approve the creation of charges in respect of these borrowings. This indicates a strategic shift towards leveraging debt and equity instruments for growth.

Key resolutions passed

The members considered and approved several ordinary and special business items during the proceedings. The voting results, declared after scrutiny by Ms. Palak Desai, showed overwhelming support for the resolutions:

• Adoption of audited standalone financial statements for FY26: Passed with 99.9999% in favor.
• Reappointment of Shreyash Vinodkumar Chaturvedi as Director: Passed with 99.9997% in favor.
• Increase in authorized share capital: Passed with 99.9999% in favor.
• Approval of borrowing limits up to an aggregate amount of ₹20 crore: Passed as a Special Resolution with 99.9999% in favor.
• Approval of creation of charges regarding the said borrowings: Passed as a Special Resolution with 99.9999% in favor.

Capital structure changes

A significant update from the minutes is the specific detail on the authorized share capital increase. The company will increase its authorized capital from ₹14 crore to ₹40 crore. This involves the creation of additional 2.6 crore equity shares of ₹10 each.

The Memorandum of Association will be amended to reflect this new capital structure, allowing for greater flexibility in raising funds through equity or preference shares.

Meeting details and compliance

The AGM commenced at 11:00 am and concluded at 11:20 am through Video Conferencing (VC) and Other Audio Visual Means (OAVM). Shreyash Vinodkumar Chaturvedi, Managing Director, chaired the session. The meeting was attended by 36 shareholders via audio-visual means.

The company ensured compliance with SEBI (LODR) Regulations, 2015, by providing remote e-voting facilities from September 20, 2026, to September 22, 2026. Ms. Palak Desai, Practising Company Secretary, served as the scrutinizer for the voting process. The results were announced on September 25, 2026, and filed with the BSE.

The chairman addressed members on the company's financial performance review for FY26, new guidelines issued by SEBI and MCA, and the outlook for global economic indicators affecting India's macroeconomic landscape.

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.