Eforu Entertainment Limited , formerly known as Tavernier Resources Limited, has issued a postal ballot notice seeking shareholder ratification of its earlier name change resolution. The company, listed on BSE under scrip code 531190, is conducting this exercise to ensure full compliance with SEBI regulations.

Postal Ballot Details

The company has issued a postal ballot notice to all shareholders for ratification of the name change resolution. The key details of the postal ballot process are:

Regulatory Compliance Requirements

The postal ballot seeks ratification of the special resolution passed on September 19, 2025, approving the name change from Tavernier Resources Limited to Eforu Entertainment Limited. The ratification has become necessary due to regulatory compliance requirements under SEBI (LODR) Regulations, 2015.

Under Regulation 45 of SEBI LODR Regulations, a listed entity must obtain a certificate from a Practicing Chartered Accountant (PCA) confirming compliance with prescribed conditions for name change. While the earlier resolution was passed by shareholders, the required PCA certificate was inadvertently not attached to the explanatory statement.

BSE In-Principle Approval

BSE Limited issued an In-Principle Approval Letter on October 14, 2025, advising the company to re-submit the matter for shareholder ratification along with the requisite PCA certificate. The revised certificate has now been obtained and forms an integral part of the current postal ballot notice.

PCA Certificate Compliance

The revised PCA certificate confirms compliance with the following conditions under Regulation 45(1):

Updated Corporate Information

The company's updated registered office details are:

Scrutinizer Appointment

The Board of Directors has appointed Mr. Nayan Prafulbhai Pitroda, Proprietor of M/s. Pitroda Nayan Co. (Membership No. A58473, Certificate of Practice No. 23912), Company Secretary, as the Scrutinizer for the postal ballot process.

The postal ballot notice has been sent electronically to all shareholders whose email addresses are registered with the company, depositories, or registrar and transfer agents. Shareholders are advised to participate in the e-voting process to ratify the name change resolution and ensure regulatory compliance.

Tavernier Resources Limited has announced a strategic shift in its business focus, along with impressive financial results for the fiscal year 2024-25. The company is set to enter the film production and digital marketing sectors, marking a significant departure from its previous operations in jewelry and real estate.

Business Expansion and Restructuring

The Board of Directors has approved an alteration to the company's main object clause, subject to shareholder approval. This amendment will allow Tavernier Resources to engage in producing, directing, editing, distributing, and marketing films, documentaries, television shows, and web series. The company also plans to establish and manage film production houses and studios, as well as acquire and license intellectual property rights related to audio-visual content.

In line with this new direction, Tavernier Resources has already secured its first major client in the digital marketing space. The company has entered into an agreement with Jetech Consulting Inc, an international entity, to provide social media and other digital marketing services for a one-year period. The contract is valued at approximately Rs. 22.02 lakhs (USD $25,000) annually.

Financial Performance

For the fiscal year ended March 31, 2025, Tavernier Resources reported a significant turnaround in its financial performance:

Capital Structure and Future Plans

To support its new ventures, Tavernier Resources is planning to increase its authorized share capital from Rs. 7 crores to Rs. 8 crores, subject to shareholder approval. This will be divided into 80 lakh equity shares of Rs. 10 each.

Mokshaben Ravjibhai Patel, Whole-Time Director of Tavernier Resources, stated, "Our strategic pivot towards film production and digital marketing represents an exciting new chapter for Tavernier Resources. We are confident that these high-growth sectors will provide significant opportunities for the company and create value for our shareholders."

The company's transition to an asset-light model, focusing on outsourcing and flexibility, is expected to position it well in the competitive and fast-evolving digital content and marketing landscapes.

Tavernier Resources will hold its 31st Annual General Meeting on September 30, 2025, where shareholders will vote on these strategic changes and review the company's performance.

As Tavernier Resources embarks on this new journey, investors and industry observers will be keenly watching how the company leverages its resources and expertise to establish itself in the dynamic worlds of film production and digital marketing.