Asian Films - Outcome of Board Meeting

Asian Films Production & Distribution Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 17, 2009, inter alia, has taken the following decisions to seek the members approval by passing the resolutions for the following businesses:

1. Increase in the Authorized Capital of the Company.

2. Increase in investment limit of Foreign Institutional Investors.

3. Delisting of the Shares of the Company from the Ahmedabad Stock Exchange.

4. Shifting of the Registered office of the Company from one state to another i.e. from Ahmedabad to Mumbai.

5. Placing of the Scrutinizer's Report of the Annual General Meeting held on December 31, 2008.

The Company has decided to conduct all the above matters through postal ballot.

The Company has appointed Mr. Suhas Ganpule, the Practicing Company Secretary as the Scrutinizer for conducting the postal ballot procedure in fair and transparent manner.