The announcement was made after market hours yesterday, 2 July 2009.

Meanwhile, the BSE Sensex was down 5.50 points, or 0.04%, to 14652.23.

On BSE, 1.25 lakh shares were traded in the counter as against an average daily volume of 8.52 lakh shares in the past one quarter.

The stock hit a high of Rs 52.90 and a low of Rs 50 so far during the day. The stock had hit a 52-week high of Rs 200 on 5 August 2008 and a 52-week low of Rs 24.80 on 9 March 2009.

The stock had underperformed the market over the past one month till 2 July 2009, falling 22.89% as compared to the Sensex's 1.45% decline. It had, however, outperformed the market in the past one quarter, spurting 64.66% as against the Sensex rise of 41.64%.

The small-cap television content producer has an equity capital of Rs 13.04 crore. Face value per share is Rs 2.

The current price of Rs 50 discounts the company's year ended March 2009 EPS of Rs 4.04, by a PE multiple of 12.37.

The service tax is payable for two years from 1 April 2006 to 31 March 2008. The amount, which includes interest and penalty charges, was on account of exports made to one of its clients and the company is pursuing legal remedies on the issue, it said in a statement to the Bombay Stock Exchange.

Balaji Telefilms reported a net loss of Rs 14.63 crore in Q4 March 2009 compared with a net profit of Rs 23.85 crore in Q4 March 2008. Sales fell 48.8% to Rs 49.42 crore in Q4 March 2009 over Q4 March 2008.

Balaji Telefilms is the country's leading entertainment content provider and has huge infrastructure with about 32 studios. It was started by film actor Jeetendra, his daughter Ekta Kapoor and wife Shobha Kapoor in 1994.

Promoters of Balaji Telefilms have pledged 43 lakh shares, or 6.59% equity of the company with lenders. The total promoter holding in the company is 40% (as on March 2009).

Powered by Capital Market - Live News