CRESTANI

Crest Animation Studios Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on December 06, 2013, inter alia, has inducted Mr. Prahalad Rao, Chartered Accountant, as an Additional Director effective from December 06, 2013.The Board has appointed Mr. Prahalad Rao as Chairman of Audit Committee.The Board has also appointed Mrs. Seemha Ramanna as Chief Executive Officer.

Crest Animation Studios Limited has informed the Exchange that due to certain reasons beyond the scope and control of the Company, the 2nd Quarter and 1st Half-yearly accounts of the Company have not been drawn-up, considered and approved by the Board of Directors of the Company. Efforts are on to draw-up the accounts and get it approved by the Board in quick time. The Company will keep informed the Stock Exchanges of developments in this regard.In the circumstances the Board Meeting stands scheduled for November 21, 2013 stands adjourned till further notice.

Crest Animation Studios Limited had informed the Exchange that a meeting of the Board of Directors of the Company will be held on August 24, 2011 inter alia, to transact the following business : (1) To consider and approve Annual Accounts and Consolidated Accounts for the year ended March 31, 2011 together with Auditors' and Directors' Report thereon; (2) To fix date, time and venue for Annual General Meeting of the Company; (3) To consider any other matters, with the consent of the Chair. The Company has now informed the Exchange that the Audit Committee Members have decided to adjourn the me

Crest Animation Studios Limited has informed the Exchange that the Board of Directors at their meeting held on July 28, 2011 has approved allotment of 2,16,26,958 equity shares of Rs. 10/- each at a premium of Rs. 71.27 per share pursuant to the Scheme of Amalgamation of Crest Animation Holdings Inc., USA, Crest Communication Holdings Limited, Mauritius and Crest Interractive Limited, India with Crest Animation Studios Limited as approved by the Hon'ble Bombay High Court vide its Order dated April 01, 2011.

Crest Animation Studios Limited has informed the Exchange the Board of Directors of the Company at their meeting held on November 10, 2010, have taken the following decisions -: (a) accepted the resignation of Mr. Shyam Ramanna as a Chairman and his decision to continue to be a Member of the Board. The Board also recorded its gratitude for the guidance and counsel provided by him during his tenure as a Chairman of the Company (b) appointed Mrs. Seemha Ramanna as acting Chairperson of the Company till the completion of amalgamation process; (c) accepted the resignation of Mr. Gurucharan Das as

Crest Animation Studios Limited has informed the Exchange that the Board of Directors at its Meeting held on August 09, 2010 has deferred the matter regarding corporate restructuring till the next Board Meeting.

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on August 09, 2010, the Board of Directors approved the following : (1) The Board has authorized Mrs. Seemha Ramanna, Managing Director to decide the date and venue of Annual General Meeting of the Company.

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on April 08, 2010: (1) The Board discussed, considered and approved the budget for the year 2010-11; (2) The Board also considered the business developments relating to the company and the US subsidiary, in the area of new opportunities and strategic alliances, and; (3) The Board has created an Internal Group to come up with recommendations in this context, at the earliest, for taking the same forward.

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on August 04, 2009 the Board has: (1) Reviewed the on going operations of the Company including new business opportunities; (2) Approved the appointment of Mr. Randhir S. Kochhar as Second Nominee Director of D.E. Shaw Composite Investments (Mauritius) Limited; and (3) Subject to approval of shareholders in General Body Meeting, the Board has approved the appointment of Mr. Varun Ramanna, a relative of Mr. Shyam Ramanna & Mrs. Seemha Ramanna, for holding and continuing to hol

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on June 30, 2008, the Board has considered and approved Un-audited Financial Results for the quarter and Audited Financial Results for the year ended March 31, 2008 along with audited consolidated financial results for the year ended March 31, 2008. The Board of Directors have deferred other item related to fixing date, time and venue of Annual General Meeting of the Company to the Next Board Meeting.

Crest Animation Studios Limited has informed the Exchange that : " At the meeting of Board of Directors of the Company held on 29th June, 2007, the Board has considered and approved the following : (a) Audited Annual Accounts for the year ended 31st March 2007 (Standalone); (b) Audited Annual Accounts for the year ended 31st March 2007 (Consolidated); The Board authorized Managing Director of the Company to decided date, time and venue for Annual General Meeting of the Company".

Crest Animation Studios Limited has informed the Exchange that: "The Board of Directors of the Company at their meeting held on December 08, 2006, considered and approved the proposal for utilization of Share Premium of the Company in adjusting the accumulated losses of the Company as at 31st March, 2006 pursuant to the provisions under Sections 100 to 104 read with section 78 and other applicable provisions, if any, of the Companies Act, 1956. The said utilization shall be effected by adjusting the debit balance of Profit and Loss Account as at March 31, 2006 of Rs. 15,31,89,310 (Rupees Fifte

Crest Animation Studios Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on October 13,2006, the Board has considered and approved the following : a) Allotment of 33,85,518 equity shares of Rs. 10/- each @ Rs. 120/- per share aggregating Rs. 40.63 Crs. constituting 14.99% of the paid up capital of the Company to D. E. Shaw Composite Investments (Mauritius) Limited on preferential basis; b) Appointment of Mr. Anil Chawla, as nominee of D. E. Shaw Composite Investments (Mauritius) Limited, as Non-Independent Additional Director of the Company; c

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board Of Directors of the Company held on August 31, 2006, the Board has considered and approved the following: (a) Allotment of upto 33,85,518 equity shares of Rs.10/- each constituting 14.99% on fully diluted basis at a price not less than Rs.120/- each aggregating Rs 40.63 Crs. to DE Shaw Composite Fund, LLC and D.E. Shaw Composite Holdings LLC and their wholly owned affiliates on prefrential basis (in accordance with SEBI Guidelines) subject to the approval of shareholders in forthcoming Annual General Meeting

The Special Resolution for the proposed preferential allotment of equity shares will be placed before the members of the Company at the forthcoming AGM of the Company scheduled to be held on September 29, 2006. The above proposal including the investments and financing are subject to customary conditions precedent relating to legal due diligence, execution of binding and or definitive agreements in relation to the transactions contemplated to with the Company and its subsidiary RichCrest Holdings Inc./ Rich Crest Animation Inc., and receipt of all approvals.

Crest Animation Studios Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on June 30,2006, the Board has considered and approved the following: The Board has authorised Managing Director of the Company to decide date, time and venue for AGM of the Company.

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 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.