Filmcity Media Ltd has announced that the Board of Directors of the Company at its meeting held on July 11, 2008, has Resolved and Allotted 1,34,03,000 Equity shares of Re 1/- each at the issue price Re 1/- per equity shares in exchange of Warrants allotted to Promoters and Non Promoters in terms of Resolution passed in the Extra Ordinary General Meeting passed on January 15, 2007.