Thinkink Picturez Limited announced significant changes to its board composition following a meeting held on March 13, 2026. The board approved the resignation of an existing Independent Director and simultaneously appointed a new Independent Director, ensuring continuity in board governance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Decisions

The board meeting addressed two key agenda items related to directorial changes based on recommendations from the Nomination and Remuneration Committee. The company communicated these changes to BSE Limited under scrip code 539310 through a formal intimation dated March 18, 2026.

Outgoing Director Details

Mr. Sunny Jagpatrai Rai stepped down from his position as Additional Non Executive Independent Director due to personal reasons. In his resignation letter dated March 13, 2026, he confirmed that his departure was not due to any disagreement with the company on matters relating to operations, policies, or practices. He expressed appreciation for the cooperation and support received during his tenure. The regulatory filing confirms he holds directorship as Independent Director in Silverline Technologies Limited and does not hold membership in any Board Committees.

New Director Profile

Ms. Ekta Kukadiya brings extensive experience in finance and compliance to her new role as Additional Non-Executive Independent Director. Her professional background encompasses comprehensive expertise across multiple domains:

Regulatory Compliance

The company confirmed that both directors are not related to any existing board members and neither is debarred from holding directorial positions by SEBI or any other regulatory authority. The appointment and resignation details have been properly documented and communicated as required under applicable regulations, with complete annexures providing detailed information as mandated by SEBI circular requirements.

Corporate Governance Impact

Ms. Kukadiya's appointment strengthens the board's oversight capabilities, particularly in financial reporting, compliance management, and corporate governance. Her independent judgment and ethical approach align with the company's commitment to transparency and stakeholder value creation. The seamless transition ensures continued board effectiveness while maintaining required independence standards for listed companies. The formal documentation signed by Managing Director Vijay G Pujara (DIN: 08203972) ensures complete regulatory compliance.

Thinkink Picturez Limited announced its unaudited financial results for the quarter ended December 31, 2025, with the Board of Directors approving the results on February 14, 2026. The company reported revenue from operations of ₹125.00 lakhs for the quarter, marking a significant increase from the previous quarter's ₹15.00 lakhs.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed substantial quarter-on-quarter growth across key metrics:

Expense Breakdown and Profitability

The company's expense structure for Q3 FY26 included employee benefit expenses of ₹11.16 lakhs, other expenses of ₹55.64 lakhs, finance costs of ₹0.18 lakhs, and depreciation of ₹1.73 lakhs. Current tax expenses amounted to ₹14.14 lakhs for the quarter.

Year-to-Date Performance

For the nine-month period ended December 31, 2025, Thinkink Picturez reported:

Auditor Concerns and Compliance Issues

The statutory auditors, Chandabhoy & Jassoobhoy Chartered Accountants, issued a disclaimer of opinion highlighting several significant concerns. The auditors noted inadequate supporting documentation for sales, purchases, inventory valuation, and third-party balance confirmations of trade receivables and payables. Additionally, the company did not provide a fixed assets register, raising questions about the accuracy of depreciation calculations and deferred tax assets.

Further concerns included unconfirmed unsecured loans without proper agreements and interest charges, as well as non-compliance with MSME classification requirements for trade payables under the Micro, Small and Medium Enterprises Development Act, 2006.

Corporate Information

The company maintains its registered office in Mumbai, Maharashtra, and corporate office in Ahmedabad, Gujarat. The paid-up equity share capital stands at ₹4,740.48 lakhs with a face value of ₹1 per share. The results were reviewed by the Audit Committee on February 13, 2026, before board approval.