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.