Zinema Media Board to Consider Equity Issue for Creditor Settlement

Zinema Media And Entertainment Ltd has announced a Board of Directors meeting scheduled for September 8, 2026. The primary agenda item is to consider and approve a proposal for the issuance and allotment of up to 24,99,000 equity shares of face value Rs. 10 each. This issuance will be conducted via a preferential issue on a private placement basis to the unsecured financial creditors of M/s. Premier Futsal Management Private Limited (PFMPL). This move is part of the implementation of PFMPL's Resolution Plan, in compliance with an order from the National Company Law Tribunal, Chennai. The issue is subject to applicable laws, requisite approvals, including shareholder and regulatory approvals. The board will also decide on convening a General Meeting for shareholder approval and discuss any other necessary business. The trading window for designated persons and insiders will be closed from September 3, 2026, until 48 hours after the meeting concludes.