Trilogic Digital Media to infuse fresh capital; to expand channel bouquet

BENGALURU: Trilogic Digital Media Limited (TDM) informed the stock exchanges that its board had passed various resolutions to raise more money. The company has an authorised share capital of Rs 20 crore. Trilogic Digital Media Ltd has informed the BSE that its board of directors had fixed 12 February, 2015 as the record date for reckoning the shareholders entitled to receive the bonus shares of the company in the ratio of 1:1 (i.e., one fully paid up bonus equity shares for every one fully paid equity shares held) as approved by the members in the Annual General Meeting held on 20 September, 2014. The company also plans to up borrowings.

?The new capital that we plan to infuse in will be used for new expansions in our broadcast content management business. We should expand the kitty to between eight - ten channels from the current three that we manage in next couple of months,? revealed TDM CEO and CFO Vishal Gurnani. While refusing to share the channels that TDM plans to manage, Gurnani said that NDAs with the channels prevented him from revealing details at this stage.

Industry sources told that the company plans to add channels from the regional space ? South India and Bengal to be more precise.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

The resolutions that the TDM board passed are as follows:

To make preferential allotment of up to:

(a) Six lakh equity shares for consideration other than cash to non-promoters

(b) 100 lakh convertible warrants to promoters

(c) 40.5 lakh convertible warrants to non-promoters

At a price a price to be calculated as per SEBI (ICDR) Guidelines, 2009

(d) The board has approved the resolution for increase in the authorised share capital to Rs 40 crores

(e) The board has approved to increase the borrowings limits under Section 181 (1) (c) of the Companies Act, 2013.

(f)  The board has approved to increase the limit of loan and investment by the company under Section 186 of the Companies Act, 2013.

After weak performances since its inception, TDM had reported fair results during the previous financial year (FY-2014), but, over the past few quarters, there has been a noticeable dip in its numbers. For Q3-2015, TDM reported revenue of Rs 21.48 crore, 8.4 per cent lower than the Rs 23.45 crore in the trailing quarter and 35.2 per cent lower than the Rs 33.12 crore in the corresponding year ago quarter.

Despite lower revenue, the company?s profit after tax (PAT) for Q3-2015 at Rs 2.17 crore (10.1 per cent of revenue) was more than double (about 2.5 times) the Rs 0.88 crore (3.8 per cent of revenue) in Q2-2015, but below par as compared to the Rs 2.49 crore (7.5 per cent of TIO) in Q4-2014.

During 9M-2015, TDM reported revenue of Rs 71.39 crore and a PAT of Rs. 3.47 crore (4.9 per cent of revenue) as compared to the revenue of Rs 57.88 crore and a PAT of Rs 6.1 crore (10.5 per cent of revenue) in 9M-2014. For FY-2014, the company had reported revenue of Rs 74.74 crore and a PAT of Rs 8.49 crore (11.4 per cent of revenue).

Latest Reads
‘Ab Jungle meinhoga Dangal’ with the Hindi Television Premiere of Jumanji: Welcome to the Jungleon November 24th at 8pm only on &pictures

Ever wonder how it feels to be inside a game and play the character you choose? In the brand-new adventure Jumanji: Welcome to the Jungle, the tables are turned as four teenagers in detention are sucked into the world of Jumanji.

Television TV Channels Movie Channels
Broadcasters see regional adex space growing

Now that the Hindi fervour has died down, broadcasters and advertisers have latched on to the regional segment. It's no wonder that the adex in the space is expected to grow as well. According to the global ad growth forecast of GroupM, India’s adex is expected to grow at 14.2 per cent compared to...

Television TV Channels Regional
Bodhi Tree focusing on three verticals to scale up business

Over the top (OTT) services have given a big boost to production houses in the country  Bodhi Tree Multimedia, started by Mautik Tolia and Sukesh Motwani five years ago, only concentrated on general entertainment programs on TV initially. Following the change in the overall entertainment industry,...

Television Production House Fiction
Mumbai Team franchisee owner unable to meet financial obligations towards Zee Maharashtra Kushti Dangal

Mr. Pranav Rajesh Dake, owner of Zee Maharashtra Kushti Dangal’s Mumbai team – Mumbai Astra has regrettably been unable to meet the financial obligations towards Zee Maharashtra Kushti Dangal (ZMKD), its players and technicians.

Television TV Channels Viewership
Zee TV gets ratings boost from Zee Rishtey Awards

Zee TV's recently concluded annual awards property, Zee Rishtey Awards, clocked the highest viewership ratings across award shows that took place in the last two years. As per the recently released BARC HSM weekly data (Urban + Rural) for the week 44 '18, it secured a viewership of 5495 TVTs, which...

Television TV Channels Viewership
No changes in Kannada, Marathi segments in BARC data week 44

In the Bengali space, Colors Bangla and Sony Aath swapped their fourth and fifth positions in BARC data week 44. News18 Bihar Jharkhand emerged as the new player in the market by securing fifth position. No changes were observed in the Kannada and Marathi segments.

Television TV Channels Viewership

Launched on November 19, 2014, EPIC celebrates the completion of four years on air, in which it has set aspirational benchmarks for Indian TV content.

Television TV Channels Music and Youth
Celebrating 100 years of Bengali cinema, Viacom18 and Film Heritage Foundation bring the 4th Film Preservation & Restoration Workshop to Kolkata

In line with the centenary celebration of the Bengali Film Industry, and with a purpose to encourage and give an impetus to film preservation and restoration, the 4th edition of Film Preservation & Restoration Workshop India (FPRWI) 2018 was today inaugurated at Kolkata’s Rabindra Sadan.

Television TV Channels News Broadcasting
Vimal Elaichi Pan Masala enters top 5 most advertised brands in BARC week 45

The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands between 27 October-02 November 2018. The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R) : 2+ Individuals. The data demonstrates ads that were...

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories