SRIADIKARI

Sri Adhikari Brothers Television Network Limited has informed the Exchange that the Board of Directors at its meeting held on November 17, 2006 inter-alia resolved the following:- (i) Decided to seek the approval of the members U/S 81 (1A) of the Companies Act, 1956, in supersession of the Special Resolution passed at the Annual General Meeting of the Company held on September 28, 2006, for raising funds for the Company's expansion plan, by way of issue of securities through Public / Private offering in the Domestic and / or International Markets, in the form of ADRs / GDRs / FCCBs / Equity Sh

Sri Adhikari Brothers Television Network Limited has informed the Exchange that the Board of Directors of the Company at its meeting held August 29, 2006 inter-alia resolved the following :- (i) Approved the proposal to raise the funds by issue / offer of the securities including Equity Shares / GDRs / ADRs / FCCBs / Warrants / Bonds or any other financial instruments. (ii) Decided to increase the Borrowing Limits of the Company under Section 293 (1) (d) of the Companies Act, 1956 to the extent of Rs. 100 Crores. (iii) Approved the proposal to increase the Authorised Share Capital of the Compa

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