Mumbai based Thinkink Picturez Limited, a prominent player in the global entertainment industry, is considering a bonus issue and stock split. The board of directors is set to meet on 1 March 2024 to approve these proposals, subject to regulatory approvals and shareholder approval.
The aim is to reward existing shareholders and improve company liquidity. Reflecting the company’s strong financial performance and commitment to returning value to shareholders, company will also consider declaring a dividend of up to Rs. 3 per share in the board meeting on 1 March. The bonus and stock split will enhance liquidity and reward existing shareholders. The company has launched a VFX and OTT platform in the UAE, expanding its international operations.
The UAE venture – VFX & OTT Platform Company will enable the company to cater to global clients and projects. The company has expanded into new business opportunities in VFX and post-production, as well as Over-The-Top content distribution. Managing Director Raaj Shaandilyaa received the Iconic Gold Awards for Best Director for Dream Girl 2 (2023). In FY24, total income grew 39% Yo-Y to Rs. 9.1 crore and net profit to Rs. 3.75 crore. Mr. Vimal Kumar Lahoti, Jt. Managing Director of Thinkink Picturez Limited, said, “We expect the growth momentum to continue and expect to get further boost in coming years.”
