The board of Ram Kaashyap Investment has approved the proposal of raising of funds and to acquire business / companies through issue of equity shares on preferential basis.

The board has discussed and approved the issue of 6,00,000 equity shares on a preferential basis at a face value of Rs 10 each, fully paid-up at a premium of Rs 5 per share, aggregating to Rs 90,00,000, after obtaining consent / approval of the shareholders and all other statutory authorities.

The board has approved allotment of equity shares to the shareholders of Pix Aalaya Studios, Chennai for acquiring 100% stake.

The board has approved to allot equity shares on a preferential basis to the shareholders of Tamil Box Office (India), Chennai for acquiring 100% stake.

The board has approved the appointment of Ravindran & Associates as statutory auditors of the company with effect from 22 October 2009.

The board has decided to convene extraordinary general meeting on 30 November 2009.

This was approved at the board meeting held on 22 October 2009.