SRIADIKARI

Sri Adhikari Brothers Television Network Limited has informed the Exchange that Mr. Kaustubh Natu - Company Secretary & Compliance officer of the Company, has resigned from the employment of the Company w.e.f. July 01, 2005. The Company is taking necessary steps to appoint the Company Secretary and Compliance Officer.

Sri Adhikari Brothers Television Network Limited has informed the Exchange that the AGM of the Company held on June 30, 2005 was attended by proper quorum and passed the resolutions relating to following items of business: 1) Re-appointment of Mr. Anand Pandit: Members have re-appointed Mr. Anand Pandit, as a director of the Company, who was to retired by rotation and being eligible had offered himself for re-appointment. 2) Re-appointment of Auditors: Members have re-appointed M/s. A. R. Sodha & Co. Chartered Accountants, Mumbai as the Auditors of the Company, who shall hold the office upto t

Sri Adhikari Brothers Television Network Limited has informed the Exchange that AGM of the Company for the period ended on March 31, 2005 will be held on June 30, 2005.

Sri Adhikari Brothers Television Network Limited has informed the Exchange that the Closure of Register of Members will be from June 24, 2005 to June 30, 2005.

Sri Adhikari Brothers Television Network Limited has informed the Exchange that on April 14, 2005 the Chairman of the Company announced the following result of the voting conducted through Postal Ballot: The Ordinary Resolution under Section 293 (1) (a) of the Companies Act, 1956 as set out in the notice dated March 12, 2005, relating to transfer by way of sale of the SAB TV Brand, certain hours from the program library and other related assets, collectively identified as an "Undertaking" of the Company to SET Satellite (Singapore) Pte. Ltd., has been approved by the members with requisite maj

Sri Adhikari Brothers Television Network 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, 2004 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).

Sri Adhikari Brothers Television Network Limited has informed the Exchange that as per section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001, consent of the shareholders for the below purpose is required to be obtained by means of Postal Ballot.: 1. Ordinary Resolution under Section 293 (1) (a) of the Companies Act, 1956 for sale of one of the undertakings of the company. The Company has appointed Mr. Manish L. Ghia, Practicing Company Secretary, Mumbai as Scrutinizer for conducting the Postal Ballot process in a fair and transpare

Sri Adhikari Brothers Television Network Limited has informed the Exchange that in pursuance to the authority given by the BoDs at their meeting held on March 12, 2005 subject to the approval of members by the way of Postal Ballot process, the Company has entered into an agreement with SET Satellite (Signapore) Ptd. Ltd (SET) for sale of SEB TV Brand, 1305 Hours of Program Library and related assets collectively identified as one of the undertakings of the Company. The Broad terms of the said agreement are as under: 1) The sale of the above referred undertaking is subject to the approval of th

Sri Adhikari Brothers Television Network Limited has informed the Exchange that in the Board meeting held on March 12, 2005 :1)The BODs has decided to seek the approval of the members pursuant to Section 293(1) (a) of the Companies Act, 1956 through postal ballot for sale of SAB TV Brand and related assets collectively identified as one of the undertakings of the Company. 2)The Board of Directors has authorized Mr. Markand Adhikari, Vice-Chairman and Managing Director of the Company to negotiate and finalise the terms and conditions of sale of above referred undertaking and to execute and sign

Sri Adhikari Brothers Television Network Limited has informed the Exchange that the ROC has granted approval for extension of the Financial year 2003-04. The Financial year of the company will be of 18 months from October 01, 2003 to March 31, 2005 and thereafter the company will follow March 31, as its financial year end.

Sri Adhikari Brothers Television Network Limited has informed the Exchange that the Company and SET Satellite (Singapore) Pte Ltd. (SET) owners of Sony Entertainment Television and Max channels have entered into an understanding pursuant to which SET has the exclusive option to distribute the SAB TV channel as part of the One Alliance bouquet and to acquire a equity stake in the broadcasting subsidiary of SABTNL. The valuation and percentage of equity will be decided by both the parties in the near future. The details of the press release shall be available on the NSE website (http://www.nsein

Clarification of News : The press had reports on 02, September 2004 that Sony Entertainment Television (SET) India is set to acquire majorty control in the television channel of Sri Adhikari Brothers Television Network Limited . 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. Sri Adhikari Brothers Television Network Limited had vide its letter inter-alia stated, "We would like to clarify that as a normal business p