Hacked by islam_Bey imhatimi.org

Compact Disc India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 30, 2008, inter alia, to consider the following:

1. To consider and approve the audited financial results for the 1st quarter of year
2008-09.

2. To consider and approve terms of the co-production agreements of new international animation films offered by the two major comic books Companies based in USA and Japan.

3. To consider and approve terms of cinematic adaption of a book written by a Noble Prize Laureate in Literature.

4. To fix-up the date for AGM.

Compact Disc India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2008, has approved the audited financial results for 2007-2008. Net revenues of the company was Rs 102.78 crore, a 104% increase compared with Rs 50.29 crore during the last fiscal. Net profits of Rs 19.50 crore, grew by 138% in comparison to Rs 8.18 crore in the FY 2006-2007. The annualized earning per share (EPS) recorded at Rs 20.51. With a phenomenal growth of over 493% in just 5 years, CDI is fast emerging as Asia’s undisputed leader in the animation film industry. The Company is presently working on prestigious international assignments worth US $ 65.80 million (Rs 282 crore)

The year 2007-2008 has been of accelerated growth and market leadership. The strong performance is a culmination of strategic initiatives taken by the Company on several fronts notably in the areas of acquiring international projects, deepening of core competencies and creating associates world across.

On the basis of Corporate Restructuring Report approved in the Board of Directors meeting held on April 14, 2007, the Company has taken the following decisions.

1. As the Company is fast emerging as the undisputed leader in the animation film industry in Asia, the Board has decided that it should not diversify into the production of live-action films, and strictly remain within the core business area viz. animation films (outsourced or own productions). The Company has decided to withdraw itself from the production of live-action films, Guru of Sex and Playing With the Enemy immediately. Earlier a very large number of share holders and investment analysts have also advised and cautioned the company not to venture into live-action films.

2. Laser Infomedia Ltd., a promoter’s group Company will set-up a Developing and Publishing Gaming Software Studio at New Delhi in collaboration with Golden Games Pte Ltd., Singapore within the fiscal year 2008-09. CDI will invest maximum upto 15% of the equity capital of this Company.

3. The Company has accepted the resignations of Mr. Gautam Seengal, Managing Director, who has set-up a private equity fund and Mr. V S Sundararajan Director, who is shifting his base to U.S.A. Mrs. Rashmee Seengal, founder director of the Company has re-joined the Board.

4. The Company has approved the business plan for the year 2008-09. The gross estimate revenues are Rs 183.10 crore and net profits are Rs 38.40 crore.

Compact Disc India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 16, 2008, inter alia, to consider the following:

1. To consider and approve the audited financial results for the year 2007-08.

2. To consider and approve the revised business plan for the year 2008-09.

3. To consider and approve the dividend for the year 2007-08.

4. To consider and approve the maximum capital investment in Laser Infomedia Ltd, a promoter’s group Company to develop and publish Gaming Software.

5. To appoint new directors and accept resignations of few existing directors.

Compact Disc India Ltd has informed BSE that the Company has entered into an agreement with Golden Games Pte. Ltd., Singapore to transfer IP rights of an animated character. Singapore Company will make a total payment of US $ 1.65 million (Rs 7.10 crore) towards the purchase of IP rights, which will be used by them for developing and publishing On-line, Mobile, PC and Console Games in near future.

Compact Disc India Ltd has announced that the Company has received ‘In Principle’ approval from a foreign bank to fund $ 30 million for a live action World War II drama based international movie ‘Playing with the Enemy’.

This movie is a co-production with WhiteLight Entertainment which has to its credit blockbusters like Jurassic Park, Schindler’s List, Minority Report, The Lost World, Twister, Casper, Rain Man, The Flintstones, etc. The movie revolves around a baseball player who finds redemption in teaching German Prisoners of War how to play Baseball.

The Company is proud to be associated with WhiteLight Entertainment, the world’s largest and most profitable production house. It has to its credit 33 Academy Award nominations, 19 Academy Awards including two for the Best Picture and a total box office collection of $ 4 billion for the fourteen movies they have produced so far. This association reflects confidence in CDT?s ability to co-produce the biggest film any Indian producer has ever made so far, a project worth $ 30 million.

The gross estimated worldwide revenues from ‘Playing with the Enemy’ are $ 318.20 million and the net estimated income / profits are $ 121 million. The principal photography of the movie will start in Canada in July 2008. The movie is slated to release in the first quarter of year 2009

Compact Disc India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 14, 2008, has discussed and approved the following:

1. Approved ‘In-Principal’ funding offers given the top foreign banks. Funding has been sanctioned at a very competitive pricing of LIBOR plus 75bps The funding amount will be sufficient to cover two international animation film projects under production by the Company’s foreign arm- MediaOne Ventures Ltd., UK.

2. Approved the Corporate Restructuring Report of the Company. The Company will appoint 1 no. CEO cum President along with 6 nos. Vice President to be placed at New Delhi, Mumbai, Trivandrum. In addition 3 nos. more Vice Presidents will be appointed in the Company’s foreign arm- MediaOne Ventures Ltd., UK.

3. Approved the implementation and working plans of new Animation Studio at KINFRA SEZ, Trivandrum. The first phase of the implementation plan will be completed before the end May 2008.

4. The Company will also appoint 5 nos. of highly professional and eminent persons, who will act as Strategic Advisors. The role of these Advisors is to guide the Board of Directors and participates in all its meetings.

Compact Disc India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 14, 2008, inter alia, to consider the following:

1. To consider and approve various funding offers given by the top foreign banks to finance Company’s expansion plans at KINFRA SEZ, Trivandrum and against international films announced and under production by the Company’s foreign arm- MediaOne Ventures Ltd, UK.

2. To consider and approve the Corporate Restructuring Report of the Company.

3. To consider and approve the implementation and working plans of new Animation Studio at KINFRA SEZ, Trivandrum.

4. To broadbase the present Board of Directors by appointing new Directors in the fields of Media, Finance and Marketing and accepting the resignations of few existing Directors.

Compact Disc India Ltd (CDI) has informed BSE that the Company has joined hands with ‘WhiteLight Entertainment’, the maker of Jurassic Park and Schindler’s List fame to produce a movie titled ‘Playing with the Enemy’.

Based on the World War II Drama, the movie is a co-production with WhiteLight Entertainment which has to its credit blockbusters like Jurassic Park, Schindler’s List, Minority Report, The Lost World, Twister, Casper, Rain Man, The Flintstones, etc. The movie revolves around a baseball player who finds redemption in teaching German Prisoners of War how to play Baseball.

CDI is proud to be associated with WhiteLight Entertainment, the world’s largest and most profitable production house. It has to its credit 33 Academy Award nominations, 19 Academy Awards including two for the Best Picture and a total Box office collection of $ 4 billion for the fourteen movies they have produced so far. This association reflects confidence in CDI’s ability to co-produce the biggest film any Indian producer has ever made so far, a project worth US $ 30 million.

The gross estimated worldwide revenues from ‘Playing with the Enemy’ are $ 318.20 million and the net estimated income / profits are $ 121 million. The movie will start production in May 2008, is slated to release in the first quarter of year 2009.

Compact Disc India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 29, 2008, inter alia, has discussed and approved the following items placed before them:

1. Approved to create new posts and appoint 3 nos Presidents to independently look after Animation Production, Business Development and Finance, Legal & Secretariat works of the Company.

2. Approved to broadbase the Board by appointing 3 new independent Directors, who shall be renowned and professionals in the fields of Media, Finance and Business Development. These appointment shall be made within 3 months time.

3. Approved the Business Plan for the FY 2008-09.

4. Approved for the change of Registrar & Share Transfer Agents. After considering competitive pricing of various parties, it was approved to appoint Beetal Financial & Computer Services Pvt Ltd, 99, Madangir, New Delhi 110062 as the new R&T Agents with immediate effect.

5. Approved the withdrawal of the approval given for the issue of equity shares and convertible warrants on preferential / open offer basis to Samara Capital Partners Fund I Ltd and Mr. Ashish Kacholia, Private Investor. This approval was withdrawn on the issue of few due diligence points, as the Company has entered into a very strict confidential and secrecy agreements with its overseas principals.

6. Approved the appointment of Religare Capital Markets Ltd., as Financial Advisor for the fund raising exercise.

7. Approved to appoint an independent Investors Relations Consultants for constant and strong communication with the current and prospective shareholders / investment communality.