Balaji Telefilms

YEAR                                                     EVENTS
 1994 - The Company incorporated as Balaji Telefilms Private Limited
 on 10th 
             November, at Mumbai.  Balaji was converted into a Public
 Limited Company
             on 29th February 2000 and Subsequently its name was
 changed to Balaji Telefilms 
             Ltd on 19th  April 2000.
 
           - The objective of making Television Software including
 serials and other 
              entertainment content.
 
            - The Company has been promoted by Mr. Jeetendra, Mrs.
 Shobha Kapoor and
               Ms. Ekta Kapoor.
 
 2000 - The Company public issue of 28,00,000 No. of Equity Shares of
 Rs. 10/- each
               issued for cash at a premium of rs. 120 per share
 aggregating Rs. 36.40 crore. 
              The issue includes a Book Built Portion of 25,20,000 No.
 of equity shaes and 
              a Fixed Price Portion of 2,80,000 No. of equity shares.
 
            - Nine Network Entertainment India Pvt. Ltd. a
 wholly-owned subsidiary of Nine
              Broadcasting India Pvt. Ltd., is merging with Balaji
 Telefilms Ltd.
 
 2001 - The Company issued and allotted 28,03,250 No. of Equity Shares
 of Rs 10 each
              for cash at a premium of Rs 120 per share, aggregating
 to Rs 3645 lacs by way of
              initial public offer.
 
           - SBI Mutual Fund has acquired 5,48,588 No. of equity
 shares of the company from the
              secondary market representing 5.32 per cent of the
 equity share capital.
 
           - Balaji Tele has reported a marginal rise in net profit at
 Rs 4.35 crore for the fiscal year ended March 31,             2001,
 compared to Rs 4.28 crore in the previous fiscal year.
 
 2002
 
 - Appoints Shobha Kapoor  as CEO of Balaji Telefilms.
 
 - Balaji Telefilms Ltd appoints Mr V Devarajan as Chief Financial
 Officer of the Company.
 
 -Balaji Telefims Ltd informs that as a part of management
 restructuring exercise Mr Rajesh Pavithran, Vice President  Marketing
 has been re-designated as Chief Operating Officer and Mr Ajay Patadia,
 Company Secretary has been re-designated as President  Corporate
 Affairs & Company Secretary.
 
 2003
 
 -Board approves for the declaration of the final dividend of Rs.1.50
 per share and appointment of Mr. Dhruv Khaji as the Director of the
 company.
 
 2004
 
 -Goldman Sachs Inv. (Mauritius) Ltd. acquires shares of Balaji
 Telefilms.
 
 -The Board has accepted the resignation of Mr Ajay Patadia, as
 President - Corporate Affairs & Company Secretary. Ms Alpa Shah has
 been appointed as Company Secretary with effect from January 23,
 2004.
 
 Mr Tusshar Kapoor & Mr Ajay Patadia, have been appointed as
 Additional Directors (Non Executive) with effect from January 23,
 2004 to hold the office till the conclusion of the next Annual
 General Meeting of the Company.
 
 Commenting on the quarter's performance, Mrs Shobha Kapoor, CEO &
 Managing Director said:
 I am quite pleased with the performance of the company during the
 quarter. The improvement in realisations of commissioned programs
 coupled with the cost savings have enabled us to deliver higher
 operating profits, despite temporary fall in revenues from sponsored
 programs. Also with the new shows across various channels being well
 accepted by the viewers. I am quite confident that Balaji has entered
 the growth phase after a year of consolidation.