Balaji Telefilms Limited is preparing to restructure its operations across its digital and entertainment subsidiaries—Alt Digital Media Entertainment and Marinating Films—through a merger scheme. With Observation Letters from both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in hand, the company is now set to approach the National Company Law Tribunal (NCLT) for final approval.
The Observation Letters, issued by BSE on January 2, 2025, and NSE on January 3, 2025, confirmed no adverse observations regarding the merger proposal. The validity of the NSE letter is six months, requiring Balaji Telefilms to file the scheme with NCLT within this period.
Balaji Telefilms has committed to incorporating SEBI and stock exchange observations into the petition filed with NCLT. The observations are also required to be presented to the tribunal during the approval process.
This merger scheme reflects a strategic move by Balaji Telefilms to consolidate its digital and entertainment divisions, aligning operations and potentially streamlining its business structure. The upcoming NCLT ruling will determine the path forward for the company’s restructuring efforts.