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Padmalaya Telefilms Ltd. Company History and Annual Growth Details

YEAR EVENTS

2000 - The Hyderabad-based Padmalaya Telefilms Ltd joint venture understanding with
Film Club, US and Anglo American Film Distributors, (AAFD), for a 200-part animation
series for international audiences on the popular Jataka tales.

2001

-Resolved to sell the Animation Division to its 100% USA subsidiary i.e. Padmalaya Telefilms Inc. The Board has also approved the preferential allotment of 1.50 million equity shares to the investors and authorise the Managing Director to finalise the Investors, the terms and conditions for placing it before the Board.

2002

-Offered Sony Entertainment Television (SET) India Pvt Ltd to acquire 12.5 per cent stake which comes to 15 lakh shares by way of private placement.

-Allotts Two million equity shares of Rs 10/- each at price of Rs 142.20 per share to M/s Padmalaya Enterprises Pvt. Ltd a promoter group Company on preferential basis. The present paid up value of equity capital after this allotment is Rs 125 million.

-Zee Telefilms which has acquired management control of Padmalaya Telefilms is planning to merge the animation business of Zee and Padmalaya into one company.

-Mr Sudesh Iyer Resigned as Director of the Company w e f March 16, 2002.

-The promoters of Padmalaya Telefilms Ltd have decided to adopt the creeping acquisition method to increase their stake to 51 per cent from the present 49 per cent following their strategic tie-up with Zee Telefilms Ltd.

2003

-Takes over the operations of the Zee Telefilm-owned SitiCable network in Andhra Pradesh.

- Richhold Trading (P) Ltd has acquired 6.94 lakh equity shares of Padmalaya Telefilms Ltd. representing 5.55 per cent of the company's total paid-up capital.

-Board approves the following business: -

1. Raising of Funds by way of ADRs/GDRs/FCDs/ PCDs
2. Authorization to allow Foreign Investment by FIIs.

2004

-Apple, Padmalaya jointly open new digital media training centre

2005

-Padmalaya Telefilms rolls out business consolidated plan

2007

-Padmalaya Telefilms Ltd has appointed Sri. Bipin Damji Shah & Sri. S Srinivasa Rao as additional directors of the Company.

-Padmalaya Telefilms Ltd has appointed Mr. A. Kiran Kumar as additional Director of the Company with effect from October 31, 2007.
 
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