Zinema Media & Entertainment Limited has issued Corrigendum I to its extraordinary general meeting notice, removing Mr. C.R. Vasudevan from the list of proposed allottees for the preferential equity issue scheduled for March 28, 2026. The corrigendum, dated March 12, 2026, provides necessary updates to the original EGM notice while maintaining all other resolutions unchanged.

Revised Preferential Issue Details

Following the removal of Mr. C.R. Vasudevan, the preferential issue has been adjusted to accommodate 1,83,00,000 equity shares at ₹10 per share, aggregating to ₹18,30,00,000. The revised allocation includes 14 proposed allottees, with 13 belonging to the non-promoter category and one from the promoter category.

The funds raised will be utilized for expansion of film content acquisition and OTT business (₹8.00 crore), technology business development (₹5.00 crore), working capital requirements (₹4.00 crore), and general corporate purposes (₹2.30 crore). The relevant date for pricing determination remains February 28, 2026, being 30 days prior to the EGM date.

Unchanged Resolutions and Meeting Details

All other resolutions from the original notice remain intact, including the issuance of sweat equity shares to Directors (Item No. 2), acquisition of equity stake in Beontyme Technologies Private Limited (Item No. 3), preferential issue of equity stake in Tulsea Media Private Limited (Item No. 4), and the increase in authorized share capital (Item No. 5).

The EGM will be conducted exclusively through video conferencing at 3:30 PM on March 28, 2026, in compliance with MCA and SEBI circulars. Remote e-voting remains available from March 25, 2026 (9:00 AM) to March 27, 2026 (5:00 PM), with the record date set as March 18, 2026.

Corporate Governance and Compliance

The corrigendum emphasizes that it should be read as an integral part of the original EGM notice dated March 2, 2026. The company has ensured all relevant documents are available on its website at https://zinema.co.in , BSE Limited's website, and NSDL's e-voting platform for shareholder access.

The meeting facility will accommodate 1,000 members on a first-come-first-served basis, with priority access for large shareholders, promoters, and key personnel. Shareholders holding shares in demat mode can access e-voting through their depository participants, while physical shareholders need to provide requisite documentation for user ID and password generation.

Source: None/Company/INE641Q01019/df5b451a-1a41-498b-bba7-c8ce3df9a6d4.pdf

Zinema Media & Entertainment Limited's board of directors has approved significant corporate developments including a substantial fund-raising initiative and strategic acquisition during their meeting held on March 2, 2026. The company notified BSE Limited about the board meeting outcomes under Regulation 30 of SEBI LODR Regulations, marking a major expansion in their media and entertainment operations.

Enhanced Preferential Issue Details

The board has approved a comprehensive fund-raising proposal through preferential allotment of equity shares, representing an increase from the originally proposed amount. The enhanced preferential issue demonstrates the company's strengthened financial strategy.

The preferential issue will be conducted in accordance with the Companies Act, 2013, SEBI (ICDR) Regulations 2018, and other applicable laws. The issue price has been determined following applicable provisions of Chapter V of SEBI ICDR Regulations.

Strategic Acquisition Approved

The board has formally approved the strategic acquisition of Beontyme Technologies Private Limited, a media services company incorporated on December 13, 2021. This acquisition aligns with the company's growth strategy in the media and entertainment sector.

Beontyme Technologies reported nil turnover and net worth as of March 31, 2025, representing a strategic entry into comprehensive media services covering various segments.

Allottee Distribution and EGM Schedule

The board approved the complete list of proposed allottees for the preferential issue, including major stakeholders such as Nova Film Studios LLP and Lords & Partners Property Management Service Private Limited, each receiving 50,00,000 shares.

The board meeting, conducted by Company Secretary and Compliance Officer Raveena Agarwal, commenced at 15:00 PM and concluded at 16:30 PM. The company adopted valuation reports from registered valuers to determine share valuations for the proposed transactions.

Regulatory Compliance and Timeline

The approved transactions comply with SEBI Listing Regulations and require no additional governmental approvals for the acquisition. The acquisition is expected to complete within 2-4 months from the current date, subject to necessary stock exchange approvals and shareholder consent through the proposed EGM.

These strategic initiatives reflect Zinema Media's commitment to expansion in the media and entertainment sector, with the enhanced fund-raising providing additional financial flexibility for future growth opportunities.