The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities which have been measured at fair value. VDSPL (“demerged company”) is demerging its “Caravan Talkies advertising business” into UFO (“resulting company)” through the scheme of arrangement. ufomoviez.com/IR_Corporate_Governance.aspx. As at March 31, 2019, your Company had 6 direct subsidiaries, 6 step-down subsidiaries and 5 associates. Important factors that could influence the Company''s operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in government regulations, tax laws, economic developments within the country and other incidental factors. com/IR_Finance.aspx These documents are also available for inspection during business hours at the Company''s registered office in Mumbai, India. The average net profit of the Company, computed as per Section 198 of the Companies Act, 2013, during the three immediately preceding financial years was Rs, 8,128.76 lacs. Out of the 5 non-executive directors, 3 are independent directors. The share warrants will lapse if not exercised within a period of 18 months from their allotment i.e. Further, at the time of appointment of an independent director, the Company issues a formal letter of appointment outlining his/ her role, function, duties and responsibilities as a director.
To install click the Add extension button. The Nomination and Remuneration Policy of the Company is available on the Company''s website under the web link: http:// www.ufomoviez.com/IR_Corporate_Governance.aspx. UFO Moviez’ subsidiary to deploy over 225 cinema screens in Andhra, Telangana by 2020 31 Mar, 2017, 08.16 PM IST As part of the MoU, Nova Cinemaz and Y Screens together will set-up Y Screens Trade Development Centre (YSTDC), which would have 2 … The Company has also constituted an Internal Complaints Committee as per the provisions of the said act to inquire into complaints of sexual harassment and recommend appropriate action.
Mr. Ashish Malushte, Chief Financial Officer, Mr. Rajesh Mishra, Chief Executive Officer -Indian Operations and Mr. Sameer Chavan, Company Secretary have voluntarily provided an undertaking to the Company that they will not dispose-off the equity shares arising out of conversion of the options (which are being reprised) for a period of 2 years from the date of members'' approval for revision of exercise price. Caravan Talkies, which is owned by UFO Movies through its subsidiary is taking both Bollywood and regional films to the hinterlands of the country where there is no proper cinema hall. The particulars as prescribed under Section 134(3)(m) of the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014, are enclosed as “Annexure-4” to this report. of share warrants. You can view full text of the Director's Report for UFO Moviez India Ltd. You can switch off notifications anytime using browser settings. The Stakeholders'' Relationship Committee of the Company as on March 31, 2019 comprised of 1 Independent Director, Ms. Lynn de Souza; 1 Non-Executive Director, Mr. Ameya Hete and 2 Executive Directors, Mr. Sanjay Gaikwad and Mr. Kapil Agarwal. In 2007, 3i Private Equity invested US$22mn. During the year under review, the Company has not issued any new shares. The annual report on CSR activities as required under the Companies (Corporate Social Responsibility Policy) Rules, 2014 is set out as “Annexure-3” forming part of this Report. One need to understand that how treatment should be given to reserve as in the scheme only mentioned P&L account.
Change in PAT with 1% Appreciation in FX Basket, Advertisement Income as a % of Total Sales, UFO Moviez India Ltd gets 38.77% of its revenue from, UFO Moviez India Ltd gets 17.28% of its revenue from, UFO Moviez India Ltd gets 10.05% of its revenue from, UFO Moviez India Ltd gets 7.74% of its revenue from, Reliance Capital Trustee Co A/C Reliance Value Fund(1), Shares Pledged by Promoters(As a % of Total Promoter Holding). During the year under review, Mr. Varun Laul, Director of the Company retired by rotation.
Table 1: In the books of demerged company (VDSPL). There are no material changes or commitments affecting the financial position of the Company between the end of the financial year in question and the date of this report. The Board Diversity Policy is available on the Company''s website under the web link: http://www.ufomoviez.com/IR_ Corporate_Governance.aspx. The paid up equity share capital of the Company as on March 31, 2019, was Rs, 2,835.08 lacs.
Further, on May 15, 2018, members of the Company through special resolutions passed by way of postal ballot had approved reprising and change in exercise period of 6,28,503 employees stock options granted on December 12, 2014. Intercompany balances will stand cancelled.
As part of its distribution business, the company digitises and encrypts movies for transmission in cinema halls, distributes these through its digital platform and also sells or leases digital cinema equipment to theatre owners. Loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 form part of the notes to the financial statements provided in the Annual Report. These Internal controls were reviewed by the Internal auditors.
Further, all the independent directors, were re-appointed for a second term by the shareholders at the general meeting as required under Section 149(10) for a period of 5 years with effect from November 20, 2017. I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
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