Trivikrama Industries Limited (BSE:538579) entered into an Agreement to acquire Business of Zinema Entertainment Private Limited for INR 1.5 million on November 9, 2022. Zinema Entertainment shall transfer all its existing employees to the buyers and fresh employment agreement/letter of employment shall be provided. The Present Director of the Zinema Entertainment, Balwanth Singh shall be appointed as Executive and Whole time Director of Trivikrama Industries of the Buyer within 7 days from the Execution date with absolute operational freedom to conduct and carry on the Business of Zinema Entertainment.

Zinema Entertainment shall transfer all its existing employees to the buyers and fresh employment agreement/letter of employment shall be provided. Zinema Entertainment shall provide NOC for usage of Zinema both as brand and also prefix of company.