Filmcity Media Ltd. Approves Preferential Issue of Equity Shares worth Rs. 1,90,00,000

Filmcity Media Ltd. has approved the issuance and allotment of Equity Shares of the face value of Re.1 each to the persons belonging to the ‘Promoter & Promoter Group and Non-Promoter’ Category on a preferential basis. The Preferential Issue Committee of the Board of Directors has approved the issuance of up to 1,90,00,000 Equity Shares at an issue price of Re. 1/- per Equity Share, for cash, for an aggregate amount of up to Rs. 1,90,00,000. The allottees include PMC Fincorp Limited (Promoter & Promoter Group), Puneet Arora (Non-Promoter), and EPS Fin-Vest Private Limited (Non-Promoter).