Thinkink Picturez $700m FCCB plan heads to May 2026 EGM

What the company has put to shareholders

Thinkink Picturez has moved a large capital-raising and financial-limits package to shareholders, after its board approved raising up to $100 million through Foreign Currency Convertible Bonds (FCCBs). The proposals also include increasing the company’s borrowing limit to ₹10,000 crore and authorising loans, guarantees, securities and investments up to ₹1,000 crore. The decisions were taken at a board meeting held on April 10, 2026 and disclosed under Regulation 30 of the SEBI listing regulations. The company has now issued the formal notice to BSE Limited for an Extraordinary General Meeting (EGM) on May 8, 2026 to seek shareholder approval.

Board meeting: timing and headline resolutions

The April 10, 2026 board meeting was held at the company’s registered office between 5:00 PM and 5:30 PM. The board approved the FCCB issuance route as an international private placement, subject to shareholder and regulatory approvals. Alongside the fundraising plan, the board cleared higher statutory limits under the Companies Act, 2013, which will also require special resolutions at the EGM.

FCCB fundraising: size, route, and oversight

The board approved an FCCB issuance of up to $100 million via private placement on international markets. The company also constituted an FCCB Committee to handle the end-to-end execution of the issuance, including structuring, pricing, documentation and completion. As set out in the notice, the committee is authorised to appoint intermediaries such as merchant bankers, legal advisors and consultants, and to approve and execute agreements and other documents required for the issue. The company has said the bonds may be denominated in US dollars or equivalent amounts in Indian rupees or other currencies, including applicable premiums.

How the FCCBs are structured

The FCCBs are described as optionally convertible bonds, giving bondholders the option to convert the bonds into equity shares of the company. The committee will finalise key terms such as conversion ratios, coupon rates, maturity dates and issue pricing through mutual agreement with proposed investors. The issuance is intended for eligible investors, whether existing shareholders or not, through international private placement.

Why Thinkink Picturez says it wants the money

In the EGM notice, the company has linked the proposed FCCB proceeds to international expansion and operational strengthening. It has said the funds are intended to expand natural stone mining operations internationally, strengthen global operations, establish overseas market presence, enhance international market penetration and support long-term strategic expansion initiatives. The disclosures do not specify country-level targets or project-by-project allocations.

Borrowing limit raised to ₹10,000 crore

Separately, the board approved a substantial increase in the company’s borrowing limits to ₹10,000 crore under Section 180(1)(c) of the Companies Act, 2013. The proposal is being placed before shareholders because raising borrowing powers beyond prescribed limits requires shareholder approval. The company has stated that the borrowing enhancement will be put to shareholders through a special resolution at the EGM.

Loans, guarantees and investments up to ₹1,000 crore

The board also approved enhanced powers to provide loans, guarantees, securities and investments up to ₹1,000 crore, exceeding prescribed limits under Section 186 of the Companies Act, 2013. This, too, is subject to shareholder approval via special resolution. Together with the higher borrowing capacity, the package increases the company’s flexibility to fund activities through both debt and capital market instruments, subject to approvals.

EGM details: date, venue, cut-off, and e-voting window

Thinkink Picturez has scheduled its EGM for May 8, 2026 at 12:00 PM in physical mode at its corporate office in Ahmedabad, Gujarat. The venue in the notice is listed as Suyojana Tower, Ahmedabad. The company has fixed May 1, 2026 as the cut-off date to determine voting rights entitlement for members opting for e-voting. Remote e-voting is planned through NSDL from May 5, 2026 (9:00 AM) to May 7, 2026 (5:00 PM). The notice, along with explanatory statements pursuant to Section 102 of the Companies Act, 2013, is stated to be available on the company’s website at thinkinkpicturez.in.

Key proposals at a glance

Governance and compliance steps disclosed

The company has appointed Mrs. Shubhangi Rajkumar Agarwal as scrutinizer for conducting the voting process. The disclosures also state that the issuance will be subject to compliance with multiple regulatory frameworks, including SEBI ICDR Regulations, FEMA provisions, and other applicable statutory requirements, along with approvals from regulators such as SEBI, RBI and MCA where required.

Stock and returns snapshot mentioned in the filings context

The material includes a snapshot of historical stock returns for Thinkink Picturez showing: 1 day +5.00%, 5 days +5.00%, 1 month +23.53%, 6 months -19.23%, 1 year -46.15%, and 5 years -81.25%. It also shows an end-of-day quote reference of ₹0.2100 with a +5.00% move (dated 2026-04-15 in the included market snapshot). The company’s BSE code is shown as 539310.

Company background and recent context cited alongside the announcement

The provided context describes Thinkink Picturez as an India-based entertainment provider operating across television, movies and web shows, and offering services spanning pre-production, production, post-production, event management and related work. The Hindi-language section included with the material notes that Thinkink Picturez was earlier known as Oyeeee Media Private Limited and has been active in media and entertainment since 2008. It also mentions that in July 2023, SEBI ordered a forensic audit linked to corporate governance issues under investigation connected to Eros International Media. The same section says the company announced a film production agreement with Balaji Telefilms in March 2026.

What investors are likely to track next (based on disclosed steps)

The immediate milestone is the shareholder vote at the May 8, 2026 EGM, since the FCCB issuance, the ₹10,000 crore borrowing limit and the ₹1,000 crore authorisation under Section 186 are all stated as subject to shareholder approval. Separately, the FCCB Committee’s finalisation of commercial terms such as conversion ratios, coupon rates, maturity and pricing will determine the exact structure of the issuance. The company has also indicated the need for regulatory clearances under the relevant SEBI, FEMA and other statutory provisions.

Conclusion

Thinkink Picturez has put a large funding and financial authorisation package to shareholders, anchored by an FCCB issuance of up to $100 million and higher statutory limits for borrowing and investments. The company’s next confirmed step is the May 8, 2026 EGM in Ahmedabad, with remote e-voting through NSDL scheduled between May 5 and May 7, 2026.