Cineline India has informed that pursuant to the approval of the Board of Directors at its meeting held on June 7, 2022 and approval of the members of the Company at their Extra-Ordinary General Meeting held on July 4, 2022 and pursuant to In-principle approvals granted by BSE and National Stock Exchange of India vide their respective letters dated June 28, 2022 and upon receipt of an amount aggregating to Rs 20,25,00,000 at the rate of Rs 75 per warrant (being 57.69% of the issue price per warrant) as warrant subscription price and application forms from the proposed allottees, the Board of Directors of the Company, has considered and approved the allotment of 27,00,000 warrants on preferential basis at an issue price [including the warrant subscription price (Rs 75 per warrant) and the warrant exercise price (Rs 55 per warrant)] of Rs 130 aggregating to Rs 35,10,00,000 to members of the promoter group of the Company more precisely mentioned in the attachment.
The above information is a part of company’s filings submitted to BSE.