Zinema Media Increases Authorized Capital, Plans Share Issue

Zinema Media And Entertainment Ltd's Board of Directors has approved an increase in authorized share capital from ₹8 Crore to ₹10 Crore. This move is subject to shareholder approval at the upcoming AGM. Additionally, the company plans to issue up to 24,99,000 equity shares at par value (₹10 each), aggregating ₹2.49 Crore, to unsecured financial creditors of M/s. Premier Futsal Management Private Limited (PFMPL) as part of a resolution plan. The board also noted the resignation of statutory auditors M/s. Ganesamoorthy. T & Associates and approved the appointment of M/s. Patni Mandhana & Associates as their replacement, pending shareholder consent. The Annual General Meeting is scheduled for September 30, 2026.