Television Eighteen - Outcome Of AGM

Television Eighteen India Ltd has informed that the shareholders at the Annual General Meeting (AGM) of the Company held on September 07, 2007, inter alia, have approved the following:

1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors. Report thereon.

2. Interim Dividend as Final Dividend.

3. Re-appointment of Mr. G K Arora & Mr. Hari S Bhartia as Directors of the Company.

4. Re-appointment of M/s. Deloitte Haskins and Sells, Chartered Accountants asstatutory auditors of the Company.

5. Alteration in Capital Clause of the Memorandum of Association of the Company.

6. Alteration of the Articles of Association of the Company.

7. Issue of Bonus shares.

Further the Company has informed that the Shareholders have passed the resolution related to the issue of Bonus Shares with an amendment by adding sub clause (b-l) in the resolution No. 7 which is reproduced herein after:

(b-1) that the aforesaid issue of bonus shares to the shareholder(s) shall also include issuance of additional bonus shares to the convertible warrants holders as on the record date and the Board of Directors be and is authorized for capitalization of such sum standing to the credit of securities premium account / free reserves available for distribution by the Company, as may be considered necessary by the Board for the purpose of issuance of bonus shares of Rs 5/- each credited as fully paid up, upon the convertible warrants being made filly paid up, in the proportion of one new equity shares for every one convertible warrant held by them on the record date to be fixed by the Board or any committee thereof.

Thereafter Shareholders approved the amended resolution related to the issue of Bonus Shares.