Filmcity Media Board approves issue of shares and warrants

Filmcity Media Ltd has announced that the Board of Directors of the Company at its meeting held on December 18, 2006 has transacted the following:

1. Decided to make allotment on Preferential basis with due compliance of SEBI DIP Guidelines 2000 as follows:

Name of Promoters:

1. Mr Surendra Gupta : 3,00,000 no of Equity Shares & 9,59,277 No of Warrants
2. Mrs Renu S Gupta : 3,00,000 no of Equity Shares & 9,03,723 No of Warrants
3. Filmcity Communications Technologies Ltd : 24,60,000 no of Equity Shares & 25,40,000 No of Warrants.

Name of Non-Promoters:

1. Mr Shatrughana Singh : 75,00,000 No of Warrants
2. Mr Arvind Agarwal : 25,00,000 No of warrants
3. Mr Vinay Agarwal : 25,00,000 No of warrants
4. Mr Pawan Kumar Mishra : 30,00,000 No of warrants
5. Mrs Kiran Jha : 30,00,000 No of warrants
6. Mr Hemant Verma : 30,00,000 No of warrants

2. The Extra Ordinary General Meeting has been announced on January 15, 2007 to pass resolution U/s 81(1A) for the above.

Source : Equity Bulls

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