Filmcity Media Ltd Regularizes Appointment of Prabhat Modi as Non-Executive Director
Filmcity Media Ltd announced that its members have approved the regularization of Mr. Prabhat Modi as a Non-Executive Non-Independent Director. The approval was achieved through a Postal Ballot, with the results declared on April 16, 2026.Mr. Prabhat Modi (DIN: 08193181) was initially appointed as an Additional Director by the Board of Directors, effective from March 13, 2026. Following the member's approval, his role has been regularized as a Non-Executive Non-Independent Director, and he is liable to retire by rotation.
In confirming his continued association with the company, the board confirmed that Mr. Prabhat Modi is not debarred from holding the office of Director by virtue of any order from SEBI or any other authority.
The details regarding Mr. Modi's appointment and professional background are outlined below:
| Detail | Information |
|---|---|
| Reason for change | Regularization of appointment of Mr. Prabhat Modi in the category of Non-Executive Non-Independent Director. |
| Appointment Date & Term | Mr. Prabhat Modi was appointed effective March 13, 2026, for a period of five years. |
| Qualifications | He holds a B.Sc (Accounting & Finance) from the University of Essex, United Kingdom, and a PGDM (SM) from the National Institute of Securities Market (NISM). |
| Professional Experience | Mr. Modi previously worked as an intern in the Investment Department of SBI Mutual and the Regulatory department of BSE India Limited. He also worked with Morningstar India Private Limited as a Private Market Research Associate, gaining experience in corporate finance, Capital market operations, and Financial Restructuring. |
| Director Relationships | Mr. Modi is not related to any Director on the Board of the Company. |
Stock Price Movement
Filmcity Media Ltd shares settled at ₹3.03 at the close of trade on Thursday, registering a 1.94% slide. Throughout the session, the shares remained completely locked, as the intraday high and low were both recorded at ₹3.03.Source:
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