Cyber Media (India) Limited Proposes Share Capital Expansion and Leadership Continuity

New Delhi, January 23, 2025 – Cyber Media (India) Limited (CMIL) has announced a postal ballot process seeking shareholder approval for key corporate actions, including an increase in authorized share capital and the reappointment of Chairman and Managing Director Pradeep Gupta. The company has initiated an e-voting process from January 25 to February 23, 2025, with results expected on February 25, 2025.

Key Resolutions Under Consideration​

1. Increase in Authorized Share Capital
   • CMIL plans to raise ₹10 crore via a rights issue, necessitating an increase in its authorized share capital from ₹15.7 crore to ₹23 crore.
   • This move aims to strengthen the company's financial base and support future growth initiatives.
2. Reappointment of Pradeep Gupta as Chairman & MD
   • The board has proposed a three-year extension for Pradeep Gupta (effective May 25, 2025 – May 24, 2028), citing his vast experience and leadership in digital media and technology sectors.
   • The compensation package includes:
     • Year 1: ₹5.25 lakh/month
     • Year 2: ₹6.00 lakh/month
     • Year 3: ₹6.75 lakh/month
     • Additional perquisites worth ₹50,000 per month

Strategic Outlook​

Given the declining demand for print media, CMIL has been transitioning towards digital-first content, analytics, and advisory services. Fundraising and leadership stability are expected to drive digital expansion, helping the company navigate industry challenges and enhance profitability.

Voting & Next Steps​

Shareholders can cast their votes electronically until February 23, 2025. The final decision will be disclosed on February 25, 2025. The results will be published on the company's website and stock exchanges.