RELMEDIA

Reliance Mediaworks Limited has informed the Exchange that a section of the media has incorrectly reported that the Company has an exposure of approx. Rs. 140 crore to a customer, Digital Domain Media Group, which has recently filed for bankruptcy proceedings in the US. It is clarified that the figure is factually inaccurate, and the actual exposure is limited to Rs. 30 crore towards billed revenues due, which are also actively being pursued with the new management.

Spurt in Volume : Substantial increase in trading volumes have been observed in Reliance MediaWorks Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Reliance MediaWorks Limited has vide its letter inter-alia stated," Developments, if any which concern stake holders of the Company, will be intimated in due course and at appropriate time."

News Verification : The media had reports that Disney may buy a stake in Reliance MediaWorks Limited. 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. Reliance MediaWorks Limited has vide its letter inter-alia stated,"It is not the policy of the Company to comment on speculation and rumors. Developments, if any, will be intimated in due course and at appropriate time."

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

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 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.'

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