P. B. Films Limited has completed the conversion of its warrants into equity shares of Radiant Financial Services Limited, marking a significant investment milestone. The company exercised its option to convert warrants by making the balance payment for part of the warrants held, resulting in the allotment of 2,60,000 equity shares on March 10, 2026.

Transaction Details

The warrant conversion process involved a structured payment mechanism where P. B. Films had initially paid 25% of the warrant issue price during subscription in October 2025, followed by the remaining 75% payment during conversion.

About Radiant Financial Services Limited

Radiant Financial Services Limited is an RBI-registered Non-Deposit taking Non-Systemically Important NBFC incorporated on September 27, 1991. The company operates from its registered office at P-355, Keyatala Road, Kolkata-700029, with its corporate office located at P-117, Jyotish Roy Road, Unit G2, New Alipore, Kolkata-700053.

The target entity is engaged in the business of dealing and investing in various kinds of securities, including shares, debentures, and bonds of limited companies and bodies corporate.

Financial Performance

Radiant Financial Services has demonstrated consistent growth in its turnover over the past three financial years:

Investment Structure

The acquisition does not fall within related party transactions, and P. B. Films confirmed that promoters, promoter groups, or group companies have no interest in Radiant Financial Services. The company clarified that it will not control any management or policy decisions of Radiant Financial Services Limited, maintaining the investment as a strategic financial holding.

The conversion was completed through cash consideration, with no governmental or regulatory approvals required for the acquisition. This investment represents P. B. Films' expansion into the financial services sector through its stake in the NBFC entity.

P. B. Films Limited , a Kolkata-based company listed on the BSE, has announced significant changes in its leadership and audit team. The company's Board of Directors, in a meeting held on July 26, 2025, approved several key appointments and changes that are expected to strengthen its financial management and compliance functions.

New Chief Financial Officer Appointed

Ms. Somdatta Chaudhuri has been appointed as the new Chief Financial Officer (CFO) and Whole-time Key Managerial Personnel of P. B. Films Limited, effective July 26, 2025. Ms. Chaudhuri brings a diverse skill set to the role, holding an Honors Degree in Law and a PG Diploma in Criminology and Forensic Audit. With over a decade of experience across various sectors including share broking, real estate, and legal firms, her appointment is anticipated to have a positive impact on the company's performance.

Change in Statutory Auditor

In a separate development, the company announced the resignation of its previous Statutory Auditor, Mr. Sunil Beriwal of Beriwal and Associates. Mr. Beriwal expressed his unwillingness to continue for the remaining term of his appointment, leading to an immediate vacancy.

To fill this gap, the Board has approved the appointment of M/s M G S A & Company as the new Statutory Auditors of P. B. Films Limited. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

About the New Auditing Firm

M G S A & Company is a chartered accountancy firm led by two partners:

1. CA Mukesh Sharma: With over 8 years of experience, CA Sharma specializes in statutory audits, tax planning, and MSME consulting. He currently serves as the Vice-Chairman of the Bikaner Branch of CIRC of ICAI.

2. CA Gaurav Agrawal: A multi-disciplinary professional with more than 7 years of experience, CA Agrawal brings expertise in corporate law, audits, taxation, and forensic accounting. His additional qualifications in Information Systems Audit (DISA) and Forensic Accounting & Fraud Detection (FAFD) are expected to enhance the firm's capabilities in digital compliance and fraud investigations.

The new auditing firm offers a wide range of services including audit and assurance, taxation services, and corporate law compliance. Their appointment is aimed at ensuring continued adherence to regulatory requirements and maintaining financial integrity.

These changes come as part of P. B. Films Limited's efforts to strengthen its financial management and corporate governance structures. The company expects these appointments to contribute positively to its operational efficiency and compliance standards in the coming years.