Filmcity Media Limited has successfully completed its preferential issue process with the Preferential Issue Committee finalizing the allotment of equity shares worth Rs 1.90 crore on March 16, 2026. This development follows the board meeting held on March 13, 2026, which approved the preferential issue framework along with key managerial changes and business expansion amendments.

Preferential Issue Committee Outcome

The Preferential Issue Committee meeting held on March 16, 2026, approved the issuance of up to 1.90 crore equity shares at an issue price of Re 1 per share. The committee meeting commenced at 2:00 PM and concluded at 2:30 PM, finalizing all technical aspects of the preferential allotment.

Final Allotment Structure

The preferential issue will be allocated among three entities across promoter and non-promoter categories, maintaining the strategic allocation approved by the board.

Board Decisions and Leadership Changes

The March 13, 2026 board meeting had approved significant organizational changes alongside the preferential issue. Mr. Mohit Jain resigned from his position as Executive Director and Chief Financial Officer effective March 11, 2026.

Ms. Kirti Vishnu Tiwari has been appointed as Chief Financial Officer in addition to her existing responsibilities as Executive Director and CEO, consolidating her role as Executive Director, CEO & Chief Financial Officer.

Business Expansion Through MOA Amendments

The board approved amendments to the company's Memorandum of Association to expand business activities into real estate development and financial services distribution. These amendments are subject to shareholder approval through postal ballot.

Regulatory Compliance and Next Steps

The company has appointed M/s A. K. Choudhary & Associates, Company Secretaries, as Scrutinizer for conducting the Postal Ballot and E-voting process. Company Secretary and Compliance Officer Raksha Kumari has ensured all regulatory compliance requirements under SEBI Listing Regulations are met. The preferential issue is being conducted in accordance with SEBI ICDR Regulations and Companies Act provisions, with the relevant date for minimum issue price determination set as March 16, 2026.

Filmcity media Limited has announced significant changes in the composition of its Board Committees, effective March 13, 2026. The company's Board of Directors approved the reconstitution during their meeting held on Friday, March 13, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Leadership Restructuring

The restructuring establishes a unified leadership approach across all three key committees, with Ms. Priyanka Singh, a Non-Executive Independent Director, appointed as Chairperson of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. This consolidation of leadership under independent directorship strengthens the company's governance framework.

Revised Committee Compositions

The reconstituted committees maintain a balanced mix of independent and executive directors to ensure effective oversight and decision-making.

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Governance and Compliance

The committee restructuring reflects the company's adherence to regulatory requirements and corporate governance best practices. The announcement was formally communicated to BSE Limited and made available on the company's official website at filmcitym.com. Company Secretary and Compliance Officer Raksha Kumari signed the intimation, ensuring proper documentation and regulatory compliance.

Strategic Implications

The new committee structure positions independent directors in key oversight roles while maintaining executive representation to balance governance with operational expertise. Ms. Kirti Vishnu Tiwari's dual role as Executive Director, CEO & CFO provides crucial executive insight to both the Audit Committee and Nomination and Remuneration Committee, while Mr. Surendra Ramkishore Gupta's participation as Managing Director in the Stakeholders Relationship Committee ensures direct management involvement in stakeholder matters.