Thinkink Picturez Limited, a key player in the global entertainment sector, has disclosed plans for a potential stock split and bonus share allocation.
Strategic Moves in Entertainment Industry
The company’s board is set to convene on March 01, 2024, to deliberate on a proposal to divide the equity shares, each with a face value of Rs 5, subject to shareholder and regulatory nod.
Stock Sub-Division Proposal
The agenda includes contemplating the division of the company’s equity shares, reflecting its intent to enhance market accessibility and liquidity for investors.
Bonus Share Issuance Deliberation
Moreover, the board will weigh the issuance of bonus shares to existing shareholders, with the precise ratio yet to be determined, pending requisite approvals.
Dividend Declaration and Financial Performance
In addition to these deliberations, the board will evaluate the declaration of a dividend, potentially up to Rs. 3 per share. This mirrors the company’s robust financial performance and dedication to shareholder value enhancement.
Global Expansion and Business Diversification
Thinkink Picturez previously unveiled its strategic foray into the international market by establishing a cutting-edge VFX & OTT platform entity in the United Arab Emirates (UAE). This significant milestone underscores the company’s pursuit of new business avenues in VFX, post-production, and OTT content distribution.
Upcoming Film Projects
Meanwhile, anticipation mounts for ThinkInk’s latest cinematic endeavor, “Vicky Vidya Ka Woh Wala Video,” currently in production. Building on the success of previous hits like “Dream Girl,” this film is poised to captivate audiences worldwide. Notably, the company had announced a slew of other exciting projects last year, including “Ramlali,” “Googly,” and “Quack Shambhu.”
Vision for Expansion
With an unwavering commitment to delivering unparalleled cinematic experiences, Thinkink Picturez Limited’s expansion into the UAE aligns seamlessly with its global growth strategy. Leveraging the UAE’s strategic location, advanced infrastructure, and thriving entertainment landscape, the company aims to establish a strong foothold in the international arena.
