Zinema Media And Entertainment Ltd — Others, 05-05-2025: AGM/EGM

Zinema Media & Entertainment Limited has announced a board meeting to approve multiple strategic initiatives: increasing its authorised share capital from ₹8 Cr to ₹31 Cr to support future growth; amending its Memorandum of Association to include expanded sports activities such as sports broadcasting and digital platform development; and raising ₹11 Cr through preferential issuance of up to 1.1 crore equity shares to various investors. The company plans to allot 50 lakh sweat equity shares to Managing Director B. Sathya Prakash and Joint Managing Director Dinesh Raj as part of their remuneration. It will acquire Premier Futsal Management Pvt Ltd via a resolution plan, issuing 24.99 lakh shares to the Committee of Creditors, and acquire up to 60% in Bontyme Technologies Pvt Ltd through share swap to expand its media networking and AI-driven movie recommendation capabilities. Additionally, 1 lakh shares will be allotted to Tulsea Media Pvt Ltd as consideration for consulting services. Two independent directors, Mrs. Shivani Marda and Mrs. Uma Maheswari, will be appointed for five years, and Mr. Dinesh Raj’s designation will be elevated to Joint Managing Director. These moves signal Zinema’s focus on diversification into sports and digital media, strengthening management incentives, and enhancing strategic partnerships for long-term growth.