RELMEDIA

Adlabs Films Limited has informed the Exchange that by an Order made on June 23,2006, in the above Company Application, the Hon'ble High Court of Judicature at Bombay directed that a meeting of the Unsecured Creditors of the Applicant Company be convened and held on July 29,2006 for the purpose of considering and, if thought fit, approving with or without modification(s), the Composite Scheme of Amalgamation and Arrangement between Adlabs Films Limited, Entertainment One (India) Limited, Reliance Unicom Limited, Mukta Adlabs Digital Exhibition Private Limited and their Respective Shareholders

Adlabs Films Limited has submitted to the Exchange a copy of the quarterly disclosure for the period ended June 30, 2006 received by the Company from the Directors. 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/Corporate Announcements).

Adlabs Films Limited has announced book closures from July 25, 2006 to July 28, 2006 both days inclusive for the purpose of Annual General Meeting to be held on July 29, 2006 & payment of dividend of 45% (Rs. 2.25 per Equity Share) as is recommended by the Board for year ended March 31, 2006 and subject to approval by the Members at Company's ensuing Annual General Meeting.

Adlabs Films Limited has informed the Exchange that the Company has entered into a co-production, film financing deal with Hyde Park Entertainment Group, a leading production, financing and international sales of company promoted by Mr. Ashok Amritraj, thereby marking its entry in the mainstream Hollywood.

Adlabs Films Limited has informed the Exchange that Adlabs Films Limited has set up wholly owned subsidiaries in the U.K and U.S.A. for its overseas distribution of Indian films, film co-production and post production business.

Adlabs Films Limited has submitted to the Exchange the annual disclosure of the shareholding of Mr. Manmohan Shetty, Managing Director alongwith his dependant Family Members for the period ended March 31, 2006. 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/Corporate Announcements).

Adlabs Films Limited has submitted to the Exchange the annual disclosure of the shareholding of Ms. Pooja Shetty, Director for the priod ended March 31, 2006. 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/Corporate Announcements).

Adlabs Films Limited has informed the Exchange that Manmohan Shetty has sold 10,00,000 shares aggregating to 2.51% of the total paid up capital of Adlabs Films Limited on April 24, 2006. The mode of sale is Open Market and the shareholding of Manmohan Shetty after the said sale is 72,91,234 shares aggregating to 18.32% of the total paid up capital of the Adlbas Films Limited.

Manmohan Shetty has informed the Exchange that he has sold 10,00,000 shares aggregating to 2.51% of the total paid up capital of Adlabs Films Limited on April 25, 2006. The mode of sale is Open Market and the shareholding of Manmohan Shetty after the said sale is 72,91,234 shares aggregating to 18.32% of the total paid up capital of the Adlbas Films Limited.

Adlabs Films Limited has informed the Exchange that the Board of Directors in its meeting held on April 22, 2006 and adjourned and held on April 23, 2006, approved the proposal for demerger of the FM Radio Business to a wholly owned subsidiary (SPV), pursuant to a scheme of arrangement ("Scheme") under Sections 391-394 of the Companies Act, 1956. The Scheme envisages issue of pro-rata shares by the SPV, to all shareholders of Adlabs Films Limited, in the retio of 2 (two) Shares of the SPV for every 1 (one) Share of Adlabs Films Limited, without any payment. The SPV is proposed to be listed, i

Adlabs Films Limited has informed the Exchange that the Company's BoDs at its meeting held on April 22, 2006 and adjourned and held on April 23, 2006 has recommended a dividend of 45% (Rs.2.25 per share) for the year ended March 31, 2006, subject to approval by Members at the ensuing AGM.

Adlabs Films Limited has informed the Exchange that Reliance Land Private Limited (Acquirer) alongwith Reliance Capital Limited (PAC) has acquired 38,00,000 shares of the total paid up capital of Adlabs Films Limited on April 10, 2006. The mode of acquisition is Preferential Allotment (conversion of warrants to equity) and the shareholding of Reliance Land Private Limited along with Reliance Capital Limited after the said acquisition is 2,18,55,000 shares aggregating to 54.91% of the total paid up capital of the Adlbas Films Limited.

Adlabs Films Limited has informed the Exchange that Reliance Land Private Limited (Acquirer) alongwith Reliance Capital Limited (PAC) has acquired 38,00,000 shares of the total paid up capital of Adlabs Films Limited on April 12, 2006. The mode of acquisition is Preferential Allotment (conversion of warrants to equity) and the shareholding of Reliance Land Private Limited along with Reliance Capital Limited after the said acquisition is 2,18,55,000 shares aggregating to 54.91% of the total paid up capital of the Adlbas Films Limited.

News Verification : The media had reports that Adlabs Films Limited is considering to spin off its radio business into a separate company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Adlabs Films Limited has vide its letter inter-alia stated, "The Company examines various proposals from time to time on a continuing basis and it may not be in the interest of the Company to comment on such proposals unless the sa

Adlabs Films Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31, 2005 and details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Adlabs Films Limited has informed the Exchange that the Committee of Directors at its meeting held on March 31, 2006, has allotted 38,00,000 equity shares of Rs.5/- each for a cash at a price of Rs.175.20 (including a premium of Rs.170.20) per Share to the promoters viz. Reliance Land Private Limited against the outstanding warrants issued on August 08, 2005. These shares will be subject to lock-in upto August 07, 2006. Consequent upon the said allotment, the paid-up equity share capital of the Company stands increased to 3,98,00,750 fully paid up equity shares of Rs.5/- each and net worth wil

Adlabs Films Limited has informed the Exchange that ICRA Limited has assigned the A+ (pronounced A one plus) rating to the Company's Commercial Paper Programme of upto Rs.250 crore.

Adlabs Films Limited had informed the Exchange that the BODs of the Company at its meeting held on December 08, 2005 has approved the raising of long term resources by issue of Foreign Currency Convertible Bonds (FCCBs) in the international markets upto USD 100 million or equivalent thereof, subject to all necessary permissions, sanctions and approvals. The Company has now informed the Exchange that the issue of Foreign Currency Convertible Bonds (FCCBs) by Adlabs Films Limited has closed on January 25, 2006. Further the Committee of BODs of the Company at its meeting held on January 25, 2006

Adlabs Films Limited has submitted to the Exchange a copy of the proceedings of declaration of results of voting by Postal Ballot held on January 12, 2006. 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).

Adlabs Films Limited has informed the Exchange that the Members of Adlabs Films Limited have passed the following Ordinary / Special resolutions through Postal Ballot under the applicable provisions of the Companies Act, 1956 with the requisite majority :- 1) Increase in Authorised Share Capital and Alteration in Capital Clause of the Memorandum of Association of the Company. 2) Alteration of the Articles of Association of the Company. 3) Increase in Borrowings Limits. 4) Creation of charge. 5) Alteration to the Object Clause of the Memorandum of Association of the Company. 6) Commencement of

Adlabs Films Limited has informed the Exchange regarding the quarterly disclosure for the period ended December 31,2005 received by the Company from the Directors. 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

Adlabs Films Limited has submitted to the Exchange a copy of the Press Release to appear in the Newspaper on January 12, 2006 for revision in the date of receipt of duly filled and completed Postal Ballot forms. 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).

Adlabs Films Limited has informed the Exchange that the Company has submitted the tender bid to the Ministry of Information & Broadcasting, Government of India, on January 06, 2006 for the grant of FM broadcasting Channel License. Further the Company has informed that in case the Company wins any of these bids, the business of running radio channel shall be in the ordinary course of Company's business in future.

Adlabs Films Limited has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 the company is seeking the shareholders approval through postal ballot to transact the following special business : (1) Increase in Authorised Share Capital and Alteration of the Memorandum of Association of the Company. (2) Alteration of the Articles of Association of the Company. (3) Increase in Borrowing Limits. (4) Creation of charge. (5) Alteration to the Object Clause of the Memorandum of Association of the Co

Adlabs Films Limited has informed the Exchange regarding the Media release issued by the Barclays bank, manager to the issue, dated December 08, 2005 titled "Adlabs Films Ltd Successfully completes �84 Convertible Bond Issue". The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Adlabs Films Limited has informed the Exchange regarding a media release dated December 08, 2005 titled "Adlabs Raises FCCBs for approx US$ 100 Million; Net Worth to rise to over Rs. 900 crores on full conversion of outstanding convertible securities". The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Adlabs Films Limited has informed the Exchange that the BODs of the Company at its meeting held on December 08, 2005 has approved the raising of long term resources by issue of Foreign Currency Convertible Bonds (FCCBs) in the international markets upto USD 100 million or equivalent thereof, subject to all necessary permissions, sanctions and approvals.

Clarification of News : The press had reports that Adlabs Films Limited is in talks with Disney and Sony to enter Hollywood. 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. Adlabs Films Limited has vide its letter inter-alia stated, "We wish to state that the senior executives of the Company have in its ordinary course of business met and are in the process of negotiating on various business deals in the entertainm

Adlabs Films Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended September 30, 2005 and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Citibank N.A. has informed the Exchange that M/s Bear, Stearns & Co. A/C BSMA Limited's shareholding in Adlabs Films Limited has declined from 8.70% (as highlighted on May 21, 2005) to 5.19%. The above change is on account of change in the paid up capital of Adlabs Films Limited.

Adlabs Films Limited has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on September 29, 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).

Adlabs Films Limited has informed the Exchange that the BODs at its meeting held on October 07, 2005 has reconstituted the Board. The following persons have been appointed as Additional Directors to hold office upto the date of the next AGM viz.: 1) Mr. Karan Johar 2) Mr. Gautam Doshi 3) Mr. Shripal Morakhia. Mr. Manmohan Shetty, Ms. Pooja Shetty and Mr. Berjis Desai shall continue as Chairman and Managing Director, Wholetime Director and Non Executive Independent Director respectively. Further the following members have resigned as Directors from the Board with immediate effect: 1) Mr. Va

Adlabs Films Limited has informed the Exchange that with regards to the news report on Adlabs, Ramu tie-up in the TOI-Business Times dated October 07, 2005, the Company has clarified as follows: 'The Company has in its normal course of film funding business contracted to fund for the future films of Mr. Ram Gopal Verma. The Company has not entered into any joint venture or strategic tie up as reported in the media.'

Adlabs Films Limited has informed the Exchange that the Company is looking into acquiring overseas distribution business of Hindi films. Further, the Company is also negotiating on deals relating to acquisition of various films under production. The above activities would either form part of the Company's normal course of business activities or that of its associate or subsidiary.

Ambit Corporate Finance Pte. Ltd. has submitted to the Exchange a copy of the post offer public announcement dated September 06, 2005 issued by them on behalf of Reliance Land Private Limited ("RLPL" or the "Acquirer") and Reliance Capital Limited ("RCL" and, collectively with RLPL, the "Acquirers") acting in concert with each other to the shareholders of Adlabs Films Limited ("AFL" or the "Target Company") regarding the Offer. This Announcement is in continuation of, and should be read in conjunction with, the Public Announcement dated July 1, 2005 (the "PA") and the Letter of Offer dated Aug

The Offer details of are as follows: 1) Date of the opening of the offer - August 17, 2005; 2) Date of the closure of the offer - September 05, 2005; 3) The offer price is Rs.183 per share; 4) Shares acquired in the Offer - Nil shares i.e. Nil%*; 5) Post offer shareholding of the acquirers - 180,55,000 shares i.e. 45.36%* and 38,00,000 Warrants optionally convertible into equivalent number of shares at an exercise price of Rs.175.20 per Share; 6) Post offer share holding of public - 1,79,45,750 shares i.e. 45.09%*#. * of the Post Issue Paid-up Voting Equity Capital of the Target Company i.e. 3

Adlabs Films Limited has informed the Exchange that the Company is looking into acquiring overseas distribution business of Hindi films. Further it is also negotiating on deals relating to acquisition of various films under production. The Company has further informed that the above activities would either form part of the Company's normal course of business activities or that of its associate or subsidiary.

Adlabs Films Limited has informed the Exchange that the Company has fixed the date for dividend payment for the year ended March 31, 2005 as on or before October 15, 2005.

Adlabs Films Limited has informed the Exchange that the Company has announced the book closure from September 22, 2005 to September 29, 2005 (both days inclusive) for the purpose of AGM on September 29, 2005 and for Payment of dividend at 40% (Rs.2.00 per equity share) as is recommended by the Board for year ended March 31, 2005, subject to approval by Members at Company's ensuing AGM.

Clarification of News : The press had reports that Adlabs Films Limited is in talks with Delhi's largest multiplex chain, PVR Cinemas, for buy-out of 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. Reply is awaited from Adlabs Films Limited.

Clarification of News : The press had reports that Adlabs Films Limited is in talks with Delhi's largest multiplex chain, PVR Cinemas, for buy-out of 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. Adlabs Films Limited has vide its letter inter-alia stated, "We wish to state that the given article is based on speculation. Further, we have vide our letter date 29th August 2002, informed that the Company

Adlabs Films Limited has informed the Exchange that the Company's BODs at their meeting held on August 24, 2005 have recommended dividend of 40% (Rs. 2.00 per share) for the year ended March 31, 2005 subject to approval by members at the ensuing AGM.

Adlabs Films Limited has informed the Exchange that Reliance Land Private Limited (Acquirer) along with Reliance Capital Limited (PAC) has acquired 1,10,00,000 shares aggregating to 30.55% of the total paid up capital of Adlabs Films Limited on August 08, 2005. The mode of acquisition is Preferential Allotment of equity shares and the shareholding of Reliance Land Private Limited along with Reliance Capital Limited after the said acquisition is 1,22,55,000 shares aggregating to 34.04% of the total paid up capital of the Adlbas Films Limited. 1) The percentage of Shares/Voting rights held by Re

4) Pursuant to the above, Reliance Land Private Limited along with Reliance Capital Limited being the largest shareholders of the Company, are deemed to have acquired control and become the Promoters of the Company, to the exclusion of the erstwhile Promoters and persons in control (along with the persons acting in concert with each of them respectively), with immediate effect. However, as requested by Reliance Land Private Limited, Mr. Manmohan Shetty, the Chairman and Managing Director, Ms. Pooja Shetty, Wholetime Director and Mr. Vasanji Mamania, Director, shall continue to be on the Board

Reliance Land Private Limited (Acquirer) has informed the Exchange that they along with Reliance Capital Limited(PAC) have acquired 1,10,00,000 equity shares of Rs.5/- each fully paid up at an issue price of Rs.175.20/-(including a premium of Rs.170.20/-)per equity share aggregating to 30.55% of the total paid up capital of Adlbas Films Limited (target company) on August 08,2005.The mode of acquisition is preferential allotment and the shareholding of Reliance Land Private Limited along with Reliance Capital Limited after the said acquisition is 1,22,55,000** shares aggregating to 34.04% of t

Adlabs Films Limited has submitted to the Exchange a copy of the Proceedings at the Company's EGM held on July 26, 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).

Adlabs Films Limited had informed the Exchange that at its meeting of the Board of Directors of Adlabs Films Limited held on August 08, 2005, allotted the following securities to Reliance Land Private Limited (RLPL), part of Reliance Capital Limited (RCL); 1) 1,10,00,000 Equity Shares of Face value of Rs. 5/- each of the Company for cash at a price of Rs. 175.20 (including a premium of Rs. 170.20) per share, aggregating to Rs. 192,72,00,000/-. 2) 38,00,000 Warrants, entitling the holders to subsribe Equity Shares of Rs. 5 each of the Company for cash at a price of Rs. 175.20 (including a premi

Adlabs Films Limited has informed the Exchange that at its meeting of the Board of Directors of Adlabs Films Limited held on August 08, 2005, the Board has approved the allotment of 1,10,00,000 Equity Shares of Face value of Rs. 5/- each at a price of Rs. 175.20 (including a premium of Rs. 170.20) per Equity Share and 38,00,000 Warrants at a price of Rs. 175.20 per Warrant entitling the holder to subscribe for one Equity Share of Face value of Rs. 5/- each at a price of Rs. 175.20 (including a premium of Rs. 170.20) per Equity Share of the Company against each Warrant issued on preferential ba

Adlabs Films Limited has informed the Exchange that the Company' shareholders at its EGM held on July 26, 2005 have approved the following resolutions as mentioned in the Notice to the EGM: 1) Increase in Authorised Share Capital to Rs.25 crores and Alteration in Capital Clause of Memorandum of Association; 2) Alteration in Capital Clause of Articles of Association; 3) Issue and Allotment of 1,10,00,000 equity shares and 38,00,000 warrants to Reliance Land Private Limited at a price of Rs.175.20 each directly and/or to its affiliates/ associates on a preferential basis.

Mr. Manmohan Shetty has informed the Exchange that he proposes to acquire 1516234 equity shares representing 6.06% of the voting capital of Adlabs Films Limited from Mr. Vasanji Mamania. The date of the proposed acquisition is July 15, 2005 and the mode of the proposed acquisition is through Interse Transfer amongst promoters (Gift transaction). The shareholding of Mr. Manmohan Shetty after the proposed acquisition will be 8291234 equity shares aggregating to 33.16% of the voting capital of Adlabs Films Limited.