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Auditor8 Sept 2026, 10:40 pm

Zinema Media Auditor Resigns; Board Approves Share Capital Increase

AI Summary

Zinema Media And Entertainment Ltd announced the resignation of its statutory auditor, M/s. Ganesamoorthy. T & Associates, effective September 01, 2026. The Board of Directors also approved an increase in authorized share capital from ₹8 Crore to ₹10 Crore and the issue of up to 24,99,000 equity shares to unsecured financial creditors of M/s. Premier Futsal Management Private Limited as part of a resolution plan. Additionally, the company plans to appoint M/s. Patni Mandhana & Associates as the new statutory auditor, subject to shareholder approval. The Annual General Meeting is scheduled for September 30, 2026.

Key Highlights

  • Statutory auditor M/s. Ganesamoorthy. T & Associates resigns.
  • Authorized share capital to increase from ₹8 Cr to ₹10 Cr.
  • Company to issue 24.99 Lakh shares to creditors of Premier Futsal.
  • New auditor M/s. Patni Mandhana & Associates proposed.
  • AGM scheduled for September 30, 2026.