
Board Meeting2 Jun 2026, 06:21 pm
3B Films Board Approves Financial Results, Capital Increase
AI Summary
3B Films Ltd's Board of Directors met on June 2, 2026, to approve audited financial results for the quarter and year ended March 31, 2026. Key decisions included the resignation of an independent director, an increase in authorized share capital from ₹25 crore to ₹52 crore, alteration of the Memorandum of Association, and the incorporation of a wholly-owned subsidiary in the UAE. The board also approved convening an Extra-Ordinary General Meeting (EGM) on June 27, 2026. Notably, the board rescinded previously approved proposals for the acquisition of 3B Flexipacks Private Limited, a supplementary loan agreement, and a preferential share issuance.
Key Highlights
- Board approved audited financial results for FY26.
- Authorized share capital increased from ₹25 Cr to ₹52 Cr.
- Company to incorporate a wholly-owned subsidiary in UAE.
- EGM scheduled for June 27, 2026.
- Acquisition of 3B Flexipacks and preferential share issuance withdrawn.
Price Impact
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