Zee Telefilms Members Approve Dividend

Zee Telefilms Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on December 28, 2006, inter alia, have accorded to the following:

1. Adoption of Profit & Loss Account for the year ended March 31, 2006 and Balance Sheet as at that date, both on standlone and consolidated basis, and the Reports of the Auditors and Directors thereon.

2. Approved dividend @ 100% (i.e. Re 1) per equity share of Re 1/- each.

3. Approved re-appointment of Mr Subhash Chandra, Mr B K Syngal as Directors of the Company who retired by rotation.

4. Approved re-appointment of M/s MGB & Co as Statutory Auditors of the Company.

5. Approved appointment of Sir Gulam Noon & Dr M Y Khan as Directors of the company, liable to retire by rotation.

6. Approved delisting of Company''s Equity Shares from Calcutta Stock Exchange Association Ltd.

7. Approved change of name of the Company from Zee Teleflims Ltd to Zee Entertainment Enterprises Ltd and consequent changes in Memorandum and Articles of Association of the Company.

8. Approved payment of Commission to Non-Executive Directors of the company for a period of 5 years commencing from Financial year ended March 31, 2006.

9. Approved appointment of Mr Subhash Chandra in Asia TV Ltd, UK, a wholly owned overseas subsidiary of the Company, as its Chief Executive Officer.

Since Mr Ramjilal Choudhary had withdrawn his proposal for appointment as Director of the Company, resolution specified in Item no. 8 of the Notice of the Annual General Meeting, was treated as withdrawn.