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Outcome of board meeting of Filmcity Media

Filmcity Media announced that the Board of Directors of the Company at its meeting held on 11 December 2014, inter alia, has transacted the following business:

1. Approved raising of funds upto Rs. 25 crore by way of issuance of Equity Shares of the Company on preferential basis, at a price determined in accordance Chapter VII of SEBI (ICDR) Regulation 2009 subject to the approval of Members; and

2. Constituted a Committee of Directors to be called as "Preferential Allotment Committee" which shall be empowered to obtain requisite approvals and to perform all the necessary acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, desirable, incidental or expedient to give effect to the aforesaid proposal.

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