CRESTANI

Note :- The above promoter's sharholding in the company Pre-allotment and Post-allotment is depending on the share capital of the company as follows: 1) Pre Allotment share capital as on November 22, 2005 is 18312331 equity shares and 2) Post Allotment Share Capital as on November 22, 2005 is 19199660 equity shares.

Ms. Seemha Ramanna, Managing Director and one of the Promoters of the Company, has informed the Exchange that she has sold 3,00,000 shares aggregating to 1.64% of the total paid up capital of Crest Animation Studios Limited on November 16, 2005. The mode of sale is through Market Sale and the shareholding of Ms. Seemha Ramanna after the said sale 8,05,797 shares aggregating to 4.40% of the total paid up capital of Crest Animation Studios Limited. Further, Ms. Seemha Ramanna has informed that she has subscribed and paid Rs.3,71,95,038/- towards subscription of 7,65,330 equity shares by conversi

Crest Animation Studios Limited has informed the Exchange that Ms. Seemha Ramanna, one of the Promoters and Managing Director of the Company has sold 3,00,000 equity shares aggregating to 1.64% of the paid up share capital of Crest Animation Studios Limited on November 16, 2005. The mode of sale is Market Sale and the shareholding of Ms. Seemha Ramanna after the said sale is 8,05,797 equity shares aggregating to 4.40% of the total paid up capital of the company. The Company has further informed that Ms. Seemha Ramanna has deposited a cheque of Rs.3,71,95,038/- with the Company towards her opti

Crest Animation Studios Limited has informed the Exchange that the company has issued a press release dated October 28, 2005, titled "Crest Animation Studio's revenues up 2% for half year ended September 2005 ". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Crest Animation Studios Limited has informed the Exchange that :- (a) During the quarter ended September 30, 2005, the Company has reviewed and revised the estimated useful life of the assets acquired under finance lease arrangement on or after April 01, 2003, from primary period of lease to useful life computed on the basis of the rates prescribed under Schedule XIV to the Companies Act, 1956. Accordingly, the written down value of these assets have been amortised over the remaining useful life w.e.f. April 01, 2005; apart from this, the Company has also reviewed the policy on charging extra

Crest Animation Studios Limited has submitted to the Exchange a copy of Proceedings of AGM held on July 30, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Crest Animation Studios Limited has informed the Exchange that the company has issued a press release dated August 24, 2005, titled "Crest Animation Studio's US based subsidiary, RichCrest Animation, to co-produce and co-finance 3 feature films with Lions Gate Entertainment". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Crest Animation Studios Limited has informed the Exchange that Mr. Vallabh Bhanshali, who has been appointed as Additional Director of the Company with effect from July 30, 2005, holds Nils shares of the Company.The company has further informed that these shares are held by him as Karta of HUF. The details of shares held by Mr.Vallabh Bhanshalis's relatives/associates shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Crest Animation Studios Limited has informed the Exchange that at the meeting of BODs of the Company held on July 30, 2005, the Board has appointed Mr. Vallabh Bhanshali as an Additional Independent Director of the Company.

Crest Animation Studios Limited has informed the Exchange that the AGM of the company held on July 30, 2005 approved the following: 1) Re-appointment of Mr.T.N.V. Ayyar as director of the company.2) Re-appointment of Mr. Shyam Benegal as director of the company.3) Appointment of M/s Deloitte Haskins & sells, Chartered Accountants, Mumbai as ststutory Auditors of the company in place of retiring auditors M/s B K Khare &Co., Chartered Accountants, Mumbai. 4) Approved the sitting fees payable to the non-executive directors of the company. 5) Increase in remuneration payable to Ms. Seemha Ramanna,

Clarification of News : The press had reports that Crest Animation Studios Limited might go for a stake sale or a strategic investor might pick-up stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Crest Animation Studios Limited has vide its letter inter-alia stated, "The article is speculative in nature and the Company and its officials do not wish to comment on such matters".

Crest Animation Studios Limited has informed the Exchange that the AGM of the Company will be held on July 30, 2005 and Member's Register and Share Transfer Book will remain closed from July 26, 2005 to July 29, 2005 (both days inclusive) for this purpose.

Crest Animation Studios Limited has informed the Exchange regarding a press release issued by the Company in respect of Audited Financial Results for the year ended March 31, 2005.These results were reviewed by the audit committee and taken on record by the BODs at its meeting held on June 18,2005. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on June 18, 2005, the Board has considered and approved the following: (a) The Board has authorised Managing Director of the Company to decide date, time and venue for AGM of the Company; (b) Amendment in the object clause of Memoeandum of Association of the Company by Postal Ballot. (c) The Board has approved (subject to approval of Shareholders in General Meeting) the appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai as statutory Auditors of the Co

Crest Animation Studios Limited has informed the Exchange regarding the observations made by the statutory auditors in their report for the year ended March 31,2005 as follows: "Accounting Standard on Depreciation Accounting(AS-6):Extra shift depreciation in respect of variation in the cost of assets is provided with retrospective effect instead of being charged over the residual useful life of the assets. The financial effect on account of this deviation is not ascertainable for the reasons explained in Note 1(h)(iv) in Schedule O to the accounts." The company has adopted the accounting metho

Crest Animation Studios Limited has informed the Exchange that the company has issued a press release dated June 20, 2005, titled "Crest Animation Studio's US based subsidiary, RichCrest Animation, to partner with Mainframe Entertainment and Lions Gate Family Entertainment to create feature film". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Clarification of News : The press had reports that Crest Animation Studios Limited may announce some big animation orders from international markets. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Crest Animation Studios Limited has vide its letter inter-alia stated, "The article is speculative in nature and the Company and its officials do not wish to comment on such matters".

Crest Animation Studios Limited has informed the Exchange that :1) Ms. Seemha Ramanna - Managing Director and one of the Promoters of the Company, has acquired 4,43,730 equity shares aggregating to 2.423% of the total paid up capital of Crest Animation Studios Limited and her shareholding after the said acquisition is 11,05,697 equity shares aggregating to 6.038% of the paid up total capital of Crest Animation Studios Limited. 2) Mr. Shyam Ramanna - Chairman and one of the Promoters of the Company, has acquired 78,000 equity shares aggregating to 0.426% of the total paid up capital of Crest An

Mr. Shyam Ramanna, Chairman and one of the Promoters of the Company, has informed the Exchange that he has acquired 78,000 shares aggregating to 0.426% of the total paid up capital of Crest Animation Studios Limited on March 29, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of Mr. Shyam Ramanna after the said acquisition is 8,44,500 shares aggregating to 4.112% of the total paid up capital of Crest Animation Studios Limited.

Crest Animation Studios Limited has informed the Exchange that 1) Mr. A.K. Madhavan, Chief Executive Officer has acquired 1,500 equity shares aggregating to 0.01% of the paid up share capital of Crest Animation Studios Limited on March 29, 2005. The mode of acquisition is through Market Purchase and the shareholding of Mr. A.K. Madhavan after the said acquisition is 6,500 equity shares aggregating to 0.04% of the paid up share capital of Crest Animation Studios Limited. 2) Mr. Vinayak Purohit, Chief Financial Officer has acquired 1,000 equity shares of Crest Animation Studios Limited on March

Ms. Seemha Ramanna,Managing Director and one of the promoters of the company has informed the Exchange that she has acquired 4,43,730 shares aggregating to 2.42% of the total paid up capital of Crest Animation Studios Limited on March 29, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of Ms. Seemha Ramanna after the said acquisition is 11,05,697 shares aggregating to 6.04% of the total paid up capital of Crest Animation Studios Limited.

Crest Animation Studios Limited has informed the Exchange that consequent to appointment of Mr. S K Singh as Governor of Arunachal Pradesh effective from December 15, 2004, he has resigned from the Board of the Company. The BOD's at its meeting held on March 29, 2005 accepted his resignation.

Crest Animation Studios Limited has informed the Exchange that the BODs of the company have at their meeting held on March 29, 2005, allotted 5,21,730 equity shares of Rs. 10/- each to the promoters of the company @ Rs. 54/- each aggregating Rs. 2,81,73,420/- by way of conversion of equivalent number of warrants. The details of allotment is as follows: 1) Ms. Seemha Ramanna - 4,43,730 shares allotted; 2) Mr. Shyam Ramanna - 78,000 shares allotted. Consequent to the allotment of the equity shares as above the paid up share capital of the Company stands increased from 1,77,90,600 equity shares t

Seemha Ramanna, Managing Director and Promoter of the Company has informed the Exchange that she has sold 3,20,000 equity shares aggregating to 1.798% of the total paid up capital of Crest Animation Studios Limited, the details of which are as follows : 1,50,000 shares on March 18,2005 and 1,70,000 shares on March 21,2005 respectively. The mode of sale is Market Sale (Normal) and the shareholding of Seemha Ramanna after the said sale is 6,61,967 shares aggregating to 3.720% of the total paid up capital of Crest Animation Studios Limited.

Crest Animation Studios Limited has informed the Exchange that Ms. Seemha Ramanna, one of the Promoters and Managing Director of the Company, has sold 3,20,000 equity shares comprising 1.798% of the total paid up share capital of Crest Animation Studios Limited, the details of which are as follows : (i) 1,50,000 shares on March 18, 2005 and (ii) 1,70,000 shares on March 21, 2005. The mode of sale is Market Sale (Normal) and the shareholding of Ms. Seemha Ramanna after the said sale is 6,61,967 equity shares comprising 3.720% of the paid up capital of Crest Animation Studios Limited. The Compa

Crest Animation Studios Limited has informed the Exchange that RichCrest Holdings Inc., Burbank, USA proposes to allot 8,590 common stock (equity shares) for an aggregate sum of USD 1.14 million to a privately held company engaged in the multimedia business.Consequent to the said proposed allotment, Cest Communication Holdings Ltd, Mauritius will hold 87% of the total paid up capital of RichCrest Holdings Inc. Before the placement, RichCrest Holding Inc, was a wholly owned subsidiary of Crest Communication Holding Ltd, Mauritius. As per the holding structure, Crest Communication Holdings Ltd,

Crest Animation Studios Limited has informed the Exchange that SBI Mutual Fund under its various schemes, have acquired 1,25,000 shares aggregating 0.70% of the paid up share capital of Crest Animation Studios Limited. The date of acquisition is February 28, 2005 and the mode of acquisition is through Market Purchases. The shareholding of SBI Mutual Fund under its various schemes, after the said acquisition is 1,006,949 shares aggregating 5.66% of the paid up share capital of Crest Animation Studios Limited.

SBI Mutual Fund has informed the Exchange that they have acquired 1,25,000 shares aggregating to 0.70% of the total paid up capital of Crest Animation Studios Limited on February 28,2005.The mode of acquisition is through market and the shareholding of SBI Mutual Fund after the said acquisition is 1,006,949 shares aggregating to 5.66% of the total paid up capital of the company.

Crest Animation Studios Limited has informed the Exchange that consequent to appointment of Mr. S. K. Singh as Governor of Arunachal Pradesh effective from December 15, 2004, he has resigned from the Board of the Company and his resignation letter dated February 07, 2005 will be placed before the Board for its perusal in the next Board Meeting of the Company.

Crest Animation Studios Limited has informed the Exchange that the Company had approached the Hon'ble Settlement Commission -Customs & Central Excise, Mumbai for settlement of its dispute with Department of Customs, Department of Revenue & Intelligence (DRI) and Directorate General of Foreign Trade (DGFT) related to payment of customs duty for non-fulfillment of export obligations against the import of capital goods made by the Company in 1994-1995 under EPCG license no. 2133191 dated July 14,1994. The Company had also approached the settlement commission for waiver of interest payment on the

The duty and interest as stated above shall be payable within 30 days from the receipt of the order or through encashment of Bank Guarantee. This is an exceptional item pertaining to earlier years and the impact on the financials is of a non-recurring nature. The Company is consulting its Advocate Mr. Rohan Shah, Partner Economic Laws Practice, Mumbai to evaluate the order and advise the Company suitably for further action.

Crest Animation Studios Limited has informed the Exchange that the company has issued a press release dated January 31, 2005 titled 'Crest Animation Studious comes back into the black for the nine months period ended December 2004'. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Crest Animation Studios Limited has informed the Exchange that :1)Mr.A.K.Madhavan,Chief Executive Officer and one of the designated employees of Crest Animation Studios Limited has acquired 5001 equity shares comprising 0.028% of the paid up share capital of the company on January 17,2005.2) Mr.Vinayak Purohit, Chief Financial Officer and one of the designated employees of Crest Animation Studios Limited has, jointly with their dependents acquired 2525 equity shares comprising 0.014% of the paid up share capital of the company on January 17,2005.

Members of the Exchange are hereby informed that the name of Crest Communication Ltd shall be changed to Crest Animation Studios Limited and the trading symbol of the company be changed from CRESTCOMM to CRESTANI w.e.f. January 4, 2005.

Crest Communication Ltd has informed the Exchange that the company has issued a press release on November 16,2004 titled "Crest Animation Studio's Pet Alien-the 26-episode 3D animated television show for Mike Young Productions to debut on Cartoon Network Worldwide-Crest continues to deliver cutting-edge 3D animation work for Mike Young Productions-completes 40 episodes of Jakers!The Adventures of Piggley Winks".The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAn

Crest Communication Ltd has informed the Exchange that Z-Axis Communications Ltd, one of the promoters of Crest Communication Ltd. have purchased 1100 equity shares representing 0.006% of the paid up share capital of Crest Communication Ltd. The date of purchase is November 10,2004.The shareholding of Z-Axis Communications Ltd after the said purchase is 1043233 shares representing 5.86% of the paid up share capital of the Crest Communication Ltd. Further the company has informed that Ms.Seemha Ramanna, one of the Promoters and Managing Director of the company have purchased 1100 equity s

Crest Communication Ltd has informed the Exchange that the name of the company has been changed from 'Crest Communication Limited' to 'Crest Animation Studios Limited' w.e.f. October 6, 2004.

Crest Communication Ltd has informed the Exchange that Mr. Vinayak Puruohit has been appointed as Chief Financial Officer (CFO) of the company w.e.f October 18, 2004.

Crest Communication Ltd has informed the Exchange that Ex-Chairman of the Company Dr. Raja Ramanna has passed away on September 24, 2004. Dr. Raja Ramanna had been appointed on September 9,1991 on the Board of the Company and retired as Chairman on September 20, 2004.

Crest Communication Ltd has informed the Exchange that at the AGM of the members of the company held on September 20, 2004, all resolutions mentioned in the notice convening the AGM were passed unanimously. Further, the Company has informed the Exchange that the BoD's of the company at their meeting held on September 20, 2004 elected Mr. Shyam Ramanna as Chairman of the Company.