Bodhi Tree Multimedia shareholders approve fundraise through QIP
According to the company, a total of 5,68,45,822 votes were cast on the proposal, all of which were in favour
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Published: Oct 30, 2026 2:33 PM | 2 min read
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- Bodhi Tree Multimedia Limited has received shareholder approval for a capital raise through a Qualified Institutional Placement (QIP) during its Extraordinary General Meeting (EGM) on 28 October 2026.
- All 5,68,45,822 valid votes cast were in favor of the proposal, resulting in a unanimous approval with no opposing votes.
- The EGM was conducted via video conferencing and attended by one promoter representative and 46 public shareholders, with a record date for voting set on 21 October 2026.
- The company's Company Secretary, Jaymin Modi, served as the scrutiniser for the voting process and reported the results on 29 October 2026.
Media and entertainment company Bodhi Tree Multimedia Limited has received shareholders' approval for its proposal to raise capital through a Qualified Institutional Placement (QIP).
According to the voting results of the company's first Extraordinary General Meeting (EGM), held on 28 October 2026, all valid votes were cast in favour of the proposal. The company shared the voting results and the scrutiniser's report with the stock exchanges on 29 October.
The company had placed a proposal before its shareholders to raise funds through a Qualified Institutional Placement (QIP). Under the proposal, it sought approval to issue equity shares and/or other eligible securities to qualified institutional buyers. The proposal was put forward as a special resolution.
According to the company, a total of 5,68,45,822 votes were cast on the proposal, all of which were in favour. No votes were cast against it. With 100% of the valid votes supporting the proposal, the resolution was passed with the requisite majority.
As per the voting data, of the 4,40,96,739 shares held by the promoter and promoter group, 4,40,96,228 votes were cast. Among public non-institutional shareholders, 1,27,49,594 votes were cast out of 11,98,07,889 shares. No votes were recorded from the 1,77,93,149 shares held by public institutional shareholders.
The company's first EGM was held on 28 October 2026, starting at 4 pm and concluding at 4:15 pm. The meeting was conducted through video conferencing or other audio-visual means.
The record date for voting was set as 21 October 2026. According to the company, there were 21,436 shareholders on record as of that date. The meeting was attended through video conferencing by one representative from the promoter and promoter group and 46 public shareholders.
The company had appointed Company Secretary Jaymin Modi as the scrutiniser to oversee the voting process. He issued his report on 29 October 2026, recording 5,68,45,822 votes in favour of the proposal and none against it.
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