Moving Picture - Outcome Of Board Meeting

Moving Picture Company India Ltd has informed that the Board of Directors of the Company at its meeting held on October 30, 2007, inter alia, has decided the following:1. Issue of shares and convertible warrants to the below mentioned group /persons:A. Promoter Group- No of Shares: 1,00,000- No of Warrants: NilB. Select Group of Investors - No of Shares: Nil- No of Warrants: 29,00,0002. Re-appointment of Mr. Ramesh Sharma as Chairman & Managing Director.3. Re-appointment of Mrs. Uma Gajapati Raju as Vice Chairperson & Director Marketing.4. Appointment of Ms. Sanchaita Gajapati Raju as a Whole Time Director.5. Convening an Extra Ordinary General Meeting of shareholders on November 26, 2007 for the above purposes.