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With reference to the news item appearing in a leading web-portal titled “Star TV looking to exit Balaji Telefilms”, Balaji Telefilms Ltd has clarified to BSE that at this stage, no disclosures have been made to the Company regarding sale by Asian broadcasting FZ-LLC (part of the Star group) of its shareholding in the Company. Hence, the Company is unable to comment further. The Company will keep the updated as and when any disclosures are made to the Company.

Balaji Telefilms Ltd has informed BSE that the Company will publish the audited results for the year ended March 31, 2008 within 3 months of the close of the accounting year, and therefore the Company will not publish the unaudited financial results for the last Quarter i.e. for the period January 01, 2008 to March 31, 2008.

Balaji Telefilms Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution for the increase in the remuneration of Ms. Ekta Kapoor, Creative Director of the Company on account of the surrender values of the Key Man Insurance Policies to be assigned by the Company to Ms. Ekta Kapoor, the Creative Director, in accordance with the terms of remuneration approved by the members at their meeting held on February 25, 2005, subject to necessary provisions and approvals.

All other terms of appointment of Ms. Ekta Kapoor, the Creative Director, as approved by the members till date shall remain unaffected.

The Board of Directors has appointed Mr. Nilesh Shah, the Practising Company Secretary as Scrutinizer for conducting the Postal Ballot process.

The Postal Ballot form duly completed should reach the Scrutinizer not later than the close of working hours on March 14, 2008.