News Orders & Deals Zinema Media Board Meeting Scheduled for March 2, 2026 to Consider Rs.14.80 Crore Preferential Issue and Strategic AcquisitionZinema Media Board Meeting Scheduled for March 2, 2026 to Consider Rs.14.80 Crore Preferential Issue and Strategic Acquisition
Zinema Media and Entertainment Limited has scheduled a board meeting for March 2, 2026, to consider a Rs.14.80 crore preferential equity issue involving 1.48 crore shares at Rs.10.00 per share. The board will also evaluate acquiring a 60% stake in Beontyme Technologies Private Limited through a share swap arrangement. An Extraordinary General Meeting will be convened to seek shareholder approval for these strategic corporate actions.
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Zinema Media & Entertainment Limited has scheduled a board meeting for March 2, 2026, to consider significant corporate developments including a substantial fund-raising initiative and strategic acquisition. The company formally notified BSE Limited on February 26, 2026, regarding the upcoming board deliberations under Regulation 29 of SEBI LODR Regulations.
Preferential Issue Details
The primary agenda involves a comprehensive fund-raising proposal through preferential allotment of equity shares. The board will evaluate the creation and allotment of new equity shares to strengthen the company's financial position.
| Parameter: | Details |
|---|---|
| Number of Shares: | 1,48,00,000 (One Crore Forty Eight Lakhs) |
| Face Value: | Rs.10.00 (Rupees Ten Only) |
| Issue Price: | Rs.10.00 (Rupees Ten Only) |
| Total Consideration: | Rs.14,80,00,000 (Rupees Fourteen Crores Eighty Only) |
| Approval Required: | Shareholders of the Company |
The preferential issue will be conducted in accordance with the Companies Act, 2013, SEBI Regulations, and other applicable laws, subject to shareholder approval through the proposed Extraordinary General Meeting.
Strategic Acquisition Initiative
The board will simultaneously consider a strategic acquisition proposal involving Beontyme Technologies Private Limited. This acquisition represents a significant expansion move for the entertainment and media company.
| Acquisition Details: | Specifications |
|---|---|
| Target Company: | Beontyme Technologies Private Limited |
| Equity Stake: | Up to 60% (Sixty Percent) |
| Consideration Method: | Share swap basis (non-cash) |
| Company Shares Involved: | 6,000 (Six Thousand) equity shares |
| Approval Status: | Subject to shareholders' approval |
The acquisition will be executed through preferential allotment on a share swap basis, representing consideration other than cash, thereby preserving the company's liquid resources while expanding its business portfolio.
Extraordinary General Meeting
The board will also deliberate on convening an Extraordinary General Meeting to seek shareholders' approval for both the preferential issue and acquisition proposals. The EGM will include:
- Approval of the notice and explanatory statement pursuant to Section 102 of the Companies Act, 2013
- Authorization for company officers to execute necessary acts and documentation
- Shareholder approval for preferential issue and related matters
- Consideration of matters incidental to the proposed corporate actions
Regulatory Compliance
The notification was issued by Company Secretary and Compliance Officer Raveena Agarwal, ensuring full compliance with SEBI LODR Regulations. The company maintains its registered office in Chennai and operates under CIN L24241TN1984PLC096136, with BSE Security Code 538579.
These strategic initiatives reflect the company's commitment to growth and expansion in the media and entertainment sector, subject to regulatory approvals and shareholder consent through the proposed EGM.
Historical Stock Returns for Zinema Media & Entertainment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | 0.0% | -100.00% | -100.00% | -100.00% |
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