Thinkink Picturez Limited announced key decisions from its Board of Directors meeting held on 24th April 2026, focusing on operational changes to enhance shareholder engagement and investment accessibility. The board meeting, which commenced at 18:00 and concluded at 18:30, addressed two primary agenda items under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

EGM Mode Transition to Digital Platform

The board approved a significant change in the conduct of the upcoming Extraordinary General Meeting, transitioning from traditional physical meetings to a digital format. The company will now conduct the EGM through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), ensuring compliance with Section 108 and other applicable provisions of the Companies Act, 2013.

This strategic decision aligns with the Companies (Management and Administration) Rules, 2014, and follows General Circulars issued by the Ministry of Corporate Affairs (MCA). The company emphasized that this transition aims to ensure wider participation of shareholders while providing administrative convenience.

Enhanced Foreign Investment Accessibility

The board simultaneously approved an increase in investment limits for foreign investors, demonstrating the company's commitment to attracting international capital. The new framework raises the investment ceiling to 24% for both Foreign Portfolio Investors and Non-Resident Indians/Overseas Citizens of India.

This enhancement in investment limits reflects the company's strategic approach to broadening its investor base while maintaining compliance with applicable regulatory frameworks.

Administrative and Compliance Updates

Thinkink Picturez Limited will dispatch a revised Notice of the EGM to shareholders and the Stock Exchange, containing detailed instructions for joining through VC/OAVM platforms. The notice will provide comprehensive guidance to ensure seamless participation in the digital meeting format.

The decisions were formally communicated under the company's regulatory obligations, with Managing Director Vijay Ghanshyambhai Pujara (DIN: 08203972) signing the official communication from Mumbai. These changes represent the company's adaptive approach to modern corporate governance while maintaining regulatory compliance and shareholder accessibility.

Thinkink Picturez has issued an official notice to BSE Limited regarding its Extraordinary General Meeting scheduled for May 8, 2026, to seek shareholder approval for raising up to $700 million through Foreign Currency Convertible Bonds. The company's board meeting held on April 10, 2026, formalized key decisions regarding this significant capital raising initiative, as disclosed under Regulation 30 of SEBI listing regulations.

Official EGM Notice and Timeline

The company formally notified BSE Limited on April 15, 2026, about the upcoming EGM scheduled for May 8, 2026, at 12:00 PM in physical mode at the corporate office in Ahmedabad, Gujarat. The board has fixed May 1, 2026, as the cut-off date to determine voting rights entitlement for members opting for e-voting. The notice, along with explanatory statements pursuant to Section 102 of the Companies Act, 2013, is available on the company's website at thinkinkpicturez.in.

Newspaper Advertisement and Regulatory Compliance

On April 16, 2026, Thinkink Picturez published newspaper advertisements in Pratahkal (Marathi) and Financial Express (English) intimating the First Extra-Ordinary General Meeting for Financial Year 2026-27. The advertisement was submitted to BSE Limited under Regulation 30 of SEBI Listing Regulations, demonstrating the company's commitment to comprehensive regulatory compliance and transparent shareholder communication.

FCCB Issuance Structure and Objectives

The proposed FCCB issuance aims to raise up to $700 million through optionally convertible bonds denominated in US dollars or equivalent amounts in Indian rupees or other currencies. The FCCBs will be issued through international private placement to eligible investors, whether existing shareholders or not. The proceeds are intended for expanding natural stone mining operations internationally, strengthening global operations, establishing overseas market presence, enhancing international market penetration, and supporting long-term strategic expansion initiatives.

Enhanced Financial Limits and Investment Powers

The EGM will also seek approval for substantially increased borrowing limits to ₹10,000 crores under Section 180(1)(c) of the Companies Act, 2013. Additionally, the company proposes to enhance its capacity to provide loans, guarantees, securities, and investments up to ₹1,000 crores, exceeding prescribed limits under Section 186 of the Companies Act, 2013. These proposals require shareholder approval through special resolutions.

FCCB Committee Constitution and Governance

The board has constituted an FCCB Committee to oversee all aspects of the bond issuance, including structuring, pricing, documentation, and execution. The committee is authorized to appoint intermediaries such as merchant bankers, legal advisors, and consultants, and to approve and execute all necessary agreements and documents. The committee can also delegate powers to directors or officers as deemed appropriate for efficient execution.

Shareholder Voting and Documentation

The company has implemented comprehensive e-voting facilities through NSDL for the EGM, with remote e-voting available from May 5, 2026, at 9:00 AM to May 7, 2026, at 5:00 PM. Mrs. Shubhangi Rajkumar Agarwal has been appointed as scrutinizer for conducting the voting process. The issuance is subject to compliance with various regulations including SEBI ICDR Regulations, FEMA provisions, and other applicable statutory requirements.