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PNN
Pune (Maharashtra) [India], June 15: Digikore Studios Limited (NSE: DIGIKORE), a leading provider of visual effects and digital content solutions to global entertainment markets, has received in-principle approval from the National Stock Exchange (NSE) for the preferential allotment of equity shares to its Promoter and Managing Director, Mr. Abhishek Rameshkumar More, through the conversion of outstanding promoter funding of up to 11 Crore into equity shares. The approval marks a significant milestone in the Company's capital strengthening initiatives and reflects the Promoter's continued commitment to Digikore's long-term growth and value creation journey. Pursuant to the approved preferential issue, the Company will allot up to 14,15,701 equity shares at a price of 77.70 per share, aggregating to approximately 11 Crore, against the conversion of unsecured loans extended by the Promoter to support the Company's business operations and growth initiatives. The debt-to-equity conversion is expected to materially strengthen Digikore's balance sheet by reducing liabilities, enhancing net worth, and improving financial flexibility. As the funds have already been deployed in the business, the transaction does not involve any fresh fund raise and represents the Promoter's decision to further increase his long-term participation in the Company's future growth. Following the allotment, the Promoter & Promoter Group shareholding is expected to increase from 58.46% to 62.64%, further aligning promoter interests with the long-term success of the Company, while the management structure and control of the Company will remain unchanged. With global demand for high-quality visual effects, animation, and digital content services continuing to expand, the strengthened capital structure is expected to support Digikore's strategic priorities, operational scalability, and long-term growth ambitions across international markets. Commenting on the development, Mr. Abhishek Rameshkumar More, Managing Director, Digikore Studios Limited, said: "The NSE's in-principle approval for the proposed debt-to-equity conversion reflects our continued confidence in Digikore's long-term growth journey and future potential. Over the years, we have focused on building a scalable, globally relevant visual effects business, and this step further reinforces our commitment to the Company. By strengthening the balance sheet and enhancing financial flexibility, we are better positioned to capitalize on emerging opportunities across international markets while continuing to create long-term value for our shareholders." About Digikore Studios Limited:Digikore Studios Limited is a leading technology-driven visual effects studio serving global entertainment clients across films, streaming, and television. The Company is known for delivering high-quality VFX work for major international productions and continues to expand its capabilities through innovation, execution excellence, and strategic initiatives designed to build long-term scale and resilience. Disclaimer: This article is for informational purposes only and does not constitute financial advice. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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