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Incorporated in 1994, Balaji Telefilms Ltd is in the business of production of TV content, Films, event business, B2C and B2B digital content business and operates a SVOD, OTT platform, etc.
Balaji Telefilms reminds shareholders with long-unclaimed dividends that their shares face transfer to a government fund. Act by the deadline to claim unpaid dividends and retain shares, or face a lengthy reclaim process via the fund.
Balaji Telefilms was fined a total of ₹0.09 Cr by BSE and NSE for a delay in appointing an Independent Director. The company has rectified this by appointing a new director. The financial impact is limited to the penalty amount.
Company board approved a postal ballot for shareholder approval to appoint Mr. Pankaj Chaturvedi as an Independent Director for five years. This process involves remote e-voting, with a scrutinizer appointed for fair conduct.
Balaji Telefilms received ~0.031 Cr (plus GST) in fines from BSE and NSE for a delay in appointing a new Independent Director. The company anticipates no operational impact beyond this penalty.
Balaji Telefilms received a fine of Rs. 10,000 from each Exchange for not holding Board meetings within the stipulated period. This delay was attributed to an ongoing scheme of arrangement. The company has fully paid the penalties.