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| Exchange Disseminated Time | Shalimar Productions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 22, 2015, inter alia, to consider the following:
1. To discuss on feasibility of the proposal of acquiring a substantial stake in M/s. Big Idea Designs Limited, a UK based Company engaged in making English & Hollywood movies;
2. To arrive at a mode of consideration to be made for acquiring the stake on the basis of Due Diligence Report to be placed before the Meeting which was performed on M/s. Big Idea Designs Limited at the direction of the Company;
3. To appoint suitable agencies like Merchant Banker, Consultants, etc. to effectuate the entire proposal.
Further, in accordance with Code of Conduct framed by the Company pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015, the trading window for dealing in the securities of the Company will be closed for all Directors, Designated Employees, Promoters and Key Managerial Personnel’s of the Company from June 15, 2015 to June 24, 2015 (both days inclusive) after the information related to the business transacted thereat is made public. |
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