Filmcity Media Ltd to approve preferential issue

A meeting of the Board of Directors of Filmcity Media Ltd will be held on December 11, 2014, to consider, discuss and approve issue of Equity Shares / warrants convertible into Equity Shares of the Company to one or more persons on preferential basis as per applicable SEBI regulations in order to meet its long term working capital requirement, general Business purpose and also to fulfill the ongoing and future business commitments / plans of the Company.

The Board will fix calendar of events w.r.t postal ballot/ e-voting compliance for obtaining the consent of shareholders for preferential issue of shares/warrants.

In accordance with Model Code of Conduct pursuant to the Securities and Exchange Board of India (Prohibition of insider Trading) Regulations 1992, and the Code of Conduct framed for Prevention of Insider Trading by the Company, the trading window for dealing in the securities of the Company will be closed for all Directors, Officers and Designated Employees of the Company from December 08, 2014 and would open on December 13, 2014.

Shares of FILMCITY MEDIA LTD. was last trading in BSE at Rs.0.74 as compared to the previous close of Rs. 0.77. The total number of shares traded during the day was 970 in over 10 trades.

The stock hit an intraday high of Rs. 0.74 and intraday low of 0.74. The net turnover during the day was Rs. 717.

Source : Equity Bulls

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