Digikore Studios Bolsters Growth with Innovative Debt-to-Equity Conversion

Digikore Studios Limited secured NSE's in-principle approval for converting ₹11 Crore promoter funding into equity shares, marking a pivotal step in its capital strengthening strategy. This move increases promoter shareholding to 62.64%, underscoring commitment to Digikore's growth ambitions, without raising fresh funds, enhancing financial flexibility.

Digikore Studios Limited, a prominent player in the visual effects and digital content industry, has taken a significant step forward by securing in-principle approval from the National Stock Exchange (NSE). This approval pertains to the preferential allotment of equity shares to its Promoter and Managing Director, Mr. Abhishek Rameshkumar More, through the conversion of up to ₹11 Crore in outstanding promoter funding into equity shares.

This strategic decision is part of Digikore's broader initiative to strengthen its capital structure. By issuing 14,15,701 equity shares at ₹77.70 per share, amounting to approximately ₹11 Crore, the company plans to convert unsecured loans previously extended by the Promoter. This move is set to enhance Digikore's balance sheet by reducing liabilities and increasing financial flexibility, while no new funds are being raised.

The post-allotment scenario will see the Promoter & Promoter Group shareholding rise from 58.46% to 62.64%, thus aligning internal leadership firmly with the company's growth trajectory. With an ever-growing global demand for high-quality visual effects and digital content, this development positions Digikore favorably for scaling its operations and achieving long-term success in international markets.