Pyramid Saimira Theatre (Delisted) share news and announcements

BSE: 532791

Last traded ₹5.29 on 23 Feb 2011

Delisted on 23 Aug 2017.

Pyramid Saimira Theatre board meetings

44 filed, newest first.

  1. Aug 2010

    • 4 Aug · Board meeting

      In the Board Meeting held on August 01, 2010, the Board has empowered Mr. P. S. Saminathan, Managing Director to initiate, prosecute and ....

  2. May 2010

    • 28 May · Board meeting

      Adoption of Unaudited Accounts for the quarter ending March 31, 2010.

  3. Feb 2010

  4. Jan 2010

    • 27 Jan · Board meeting

      Meeting on 31 Jan 2010: “Unaudited Financial Results for the qtr ended Dec 31, 2009”

  5. Oct 2009

    • 27 Oct · Board meeting

      Meeting on 31 Oct 2009: “Unaudited Financial Results for the Qtr ended Sept 30, 2009”

    • 12 Oct · Board meeting

      To adopt the audited financial results for 15 months period ended June 30, 2009.

  6. Aug 2009

    • 25 Aug · Board meeting

      At the Board Meeting held on August 25, 2009, the Board of Directors considered and approved the raising of funds upto US$ 100 Million through international offering of securities including Foreign Currency Convertible Bonds (FCCBs), Global Depository Receipts (GDRs), American Depository Receipts (ADRs), subject to necessary approvals. The Board of Directors also in-principally approved de-merger of M/s. Pyramid Saimira Content Distribution Private Limited, a Subsidiary Company (Distribution Wing) and M/s. Pyramid Saimira Production International Limited, a Subsidiary Company (Production Wing) from the Parent Company, subject to necessary approvals.

    • 24 Aug · Board meeting

      To consider, interalia: 1) International offering of securities. 2) De-merger of subsidiary company.

  7. Jun 2009

    • 18 Jun · Board meeting

      To consider, interalia, the following : (1) Financial results (2) Raising funds through QIB placement (3) Issue of Convertible Warrants to Promoters.

  8. Mar 2009

    • 6 Mar · Board meeting

      Outcome of Board Meeting held on March 05, 2009. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  9. Jan 2009

    • 22 Jan · Board meeting

      Meeting on 30 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”

  10. Oct 2008

    • 30 Oct · Board meeting

      Members of the Audit Committee at their Meeting held today evening i.e. October 30, 2008, reviewed the Unaudited Financial Results of the Company for the 2nd Quarter and six months ended September 30, 2008 and the results were submitted to the Board of Directors for their consideration. The Board of Directors received the Unaudited accounts from the Audit Committee and after brief discussions, decided to adjourn the meeting to tomorrow i.e. October 31, 2008.

    • 22 Oct · Board meeting

      Meeting on 30 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”

  11. Jul 2008

    • 31 Jul · Board meeting

      At the Board Meeting held on 30th July 2008, a proposal for segregating the investment portfolio into a separate entity, on the following grounds, was considered by the directors. (1) The Company now acts as a holding Company as well as operating Company thereby there is less clarity in strategic management focus and asset allocation and management bandwidth allocation between different activities. (2) Each of the activities have already been classified under separate Companies and only exhibition, F & B being combined with investment so far. (3) The Company in its effort to create an ecosystem wants to have sharper core focus for the respective Companies with separate management bandwidth and proper corporate governance, norms established in the respective core activity. The group also wishes to have a sharper management focus by segregating the Company management with the respective core functionality. (4) The group also wishes to list / acquire external investors for the respective core activity and wants each of the core activity to be held distinctly and operated on a stand alone commercial basis. The Board suggested to conduct a thorough study on the proposal and in the process wanted to obtain opinion from all stakeholders before taking any final decision.

    • 22 Jul · Board meeting

      To discuss interalia, the following: (1) To consider the Unaudited Quarterly (Provisional) financial Results of the Company for the first quarter ended June 30, 2008. (2) To consider the proposals for restructuring of business activities/ investments.

  12. Jun 2008

    • 30 Jun · Board meeting

      At the Board Meeting held on June 30, 2008, the Board of Directors considered and decided to obtain the approval of the shareholders for the following: (1) To issue securities upto a sum of USD 450 Million to Qualified Institutional Buyers(QIBs). (2) To alter the Object Clause of Memorandum of Association for running other allied entertainment activities together with the existing business. (3) To alter the Articles of Association. (4) To participate in the financials of other bodies corporate. Further the Board directed the Company Secretary to conduct the Postal Ballot in order to get the approval of the shareholders under section 192A of the Companies Act 1956, on the above proposals.

    • 23 Jun · Board meeting

      To discuss interalia, the following; (1) To consider the Audited Financial Results of the Company for the year ended March 31, 2008. (2) To consider the proposal for raising additional funds.

  13. Feb 2008

    • 20 Feb · Board meeting

      Board of Directors at its meeting held on February 19, 2008, the Board of Directors considered and unanimously approved the following: (1) Increase of Borrowing Powers to the Board from the present Rs.1,500 Crores to Rs.3,000 Crores. (2) Commencement of Food & Beverages business as contemplated in the "other object" of Memorandum of Association. (3) Investment upto a sum not exceeding Rs.300 Crores in group companies. Further, the Board directed the Company Secretary to convene an Extraordinary General Meeting in order to get the approval of the shareholders, on the above proposals. The details of the Outcome of Board Meeting shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 18 Feb · Board meeting

      To consider inter-alia the following: (a) Increasing the borrowing powers of the Board of Directors. (b) Commencement of Food & Beverages business.

  14. Jan 2008

    • 30 Jan · Board meeting

      Vide its letter dated January 30, 2008 that "The Members of the Audit Committee at their Meeting held today evening, considered the Unaudited (Provisional) Financial Results of the Company for the 3rd Quarter and 9 months ended 31st December 2007. After discussions, the financial results were approved and submitted to the Board of Directors for their consideration. In the Board Meeting held today, Mr. G. Ramakrishnan, B.A., B.L. was inducted into the Board as Additional Director. He is an Independent Director and is nominated to the Audit Committee also. The Board of Directors condoled the sad and sudden demise of Mr. M.S. Narasimhan, Independent Director of the Company on 23rd January 2008 and adjourned the Meeting in mark of respect and decided to continue with the adjourned meeting tomorrow i.e. Thursday, the 31st January 2008".

    • 28 Jan · Board meeting

      Company had informed the Exchange regarding the meeting of the Board of Directors of the Company scheduled to be held on January 29, 2008, to consider the Unaudited Quarterly (Provisional) Financial Results of the Company for the Third quarter ended December 31, 2007. The Company has now informed the Exchange that due to unavoidable reasons, the Board Meeting has been postponed and will be held on January 30, 2008.

    • 17 Jan · Board meeting

      At the Adjourned Board Meeting held today i.e. January 17, 2008, the Board of Directors discussed certain proposals to raise additional funds for the Company and decided on the following proposals: 1) To raise additional funds through FCCB/ GDR/ ADR up to US$ 400 millions. 2) To issue up to 1,00,00,000 convertible warrants to promoters/ promoters group. The Boards also decided to seek the approval of the shareholders by convening an Extra Ordinary General Meeting for the above proposals.

    • 16 Jan · Board meeting

      At the Board Meeting held on January 16, 2008 the Board of Directors discussed a proposal to raise additional funds for the Company through foreign debt instrument(s) but no decision was taken. The Meeting is adjourned to be held on January 17, 2008.

    • 16 Jan · Board meeting

      To consider and take on record the Unaudited Quarterly (Provisional) Financial Results for the Third Quarter ended December 31, 2007.

    • 9 Jan · Board meeting

      To consider inter-alia a proposal to raise additional funds for the Company through foreign debt instrument(s).

  15. Oct 2007

    • 22 Oct · Board meeting

      Vide its letter dated October 22, 2007 that: "At the Meeting of the Board of Directors held today, 36,40,000 Convertible Warrants were allotted to Mr.P.S.Saminathan, Promoter Director of the Company on preferential basis, at a price of Rs.310/- per warrant".

    • 22 Oct · Board meeting

      Meeting on 30 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”

    • 22 Oct · Board meeting

      To consider and allot 36,40,000 Convertible Warrants to the Promoter Director, Mr. P.S. Saminathan, on preferential basis.

  16. Sep 2007

    • 25 Sep · Board meeting

      Pyramid Saimira Theatre Limited had informed the Exchange regarding the convening of Board Meeting for consideration of certain proposals in connection with acquisition of Theatre Chains abroad. The Company has informed the Exchange on September 24, 2007 that: "At the Meeting held today, detailed discussions were held on various proposals on the above but no decision was taken. The Meeting was adjourned for a later date."

    • 21 Sep · Board meeting

      To consider certain proposals in connection with acquisition of Theatre Chains abroad.

  17. Aug 2007

    • 31 Aug · Board meeting

      To consider a proposal for issue of Convertible Warrants on preferential basis.

  18. Jul 2007

    • 5 Jul · Board meeting

      To consider, inter alia, unaudited (provisional) Results for the Quarter ending June 30, 2007.

  19. May 2007

    • 5 May · Board meeting

      To consider, inter alia, audited Financials for the 12 months ending March 31, 2007.

  20. Apr 2007

    • 16 Apr · Board meeting

      (1) The Board approved the Card Scheme of the Company to mop up 25 lakhs membership for FY 07-08. (2) The Board approved that total investments made by Pyramid Saimira Theatre Ltd. (PSTL) on funding the production of films can be transferred to Pyramid Saimira Production Limited with effect from 31st March, 2007 valued approx at Rs. 14.00 crores. The actual figures to be finalized after audit. (3) The Board also approved out of Rs. 14.00 crores PSTL can get 60 lakhs shares of PSPL at Rs. 10/- per share, aggregating to Rs. 600 lakhs and the balance Rs. 800 lakhs shall be paid by PSPL to PSTL within 30th June 2007. (4) The Board also authorized Mr. P.S. Saminathan, Managing Director to place shares of PSPL to strategic investors, HNIs etc. aggregating 59 lakhs shares. The Board also gave permission to MD to place such shares at approx. Rs. 60/- per share but not less than Rs. 40/- per share.

    • 10 Apr · Board meeting

      To consider, inter-alia, unaudited (provisional) Results for the Quarter ending March 31, 2007 and Unaudited Financial Results (Provisional) for the year ending March 31, 2007.

  21. Feb 2007

    • 20 Feb · Board meeting

      12) The Board also commended the performance of the company from 1st January 2007 till date and expressed satisfaction in the progress made. The Board also appreciated the presentation made by the COO-Karnataka, Mr.Somasekhar and COO-Tamilnadu, Mr.K.S. Srinivasan with regard to the progress made and future plans".

    • 20 Feb · Board meeting

      Following matters were discussed and decided in the board meeting held at Bangalore on 20.2.2007: (1) The Board discussed at length and approved the company's plan to raise US$ 100 million in FCCB. The Board also approved the consequent resolutions arising out of this FCCB issuance. The Board also recommended to the shareholders of the Company to approve the same and an EGM to be called for this purpose. (2) The Board also approved the Company's plan to be a partner in Special Purpose Vehicle (SPV) to be formed along with developers of realty companies to establish about 100 malls with multiplexes in South India and about 100 malls with multiplexes in rest of India. The Board also discussed and approved the JVs to be formed with those reality companies. The Board also approved an investment up to 50% shareholding in the respective SPVs to be formed, but not below 26%. (3) The Board also discussed and approved the investment in the form of capital into these SPVs based on the financial closure plan of the respective SPVs. As per initial estimates these SPV will create approx 60 mil sft with an investment of Rs. 20,000 crores spread over four years. (4) The Board discussed and approved the increase in FII limit to 40% of the paid up capital of the Company. (5) The Board discussed and ratified the agreement signed regarding the formation of a Malaysian Joint Venture (JV) company named as Pyramid Saimira Theatre Chain (Malysia) Sdn.Bhd. The Board also approved RM 100 million investment by PSTL into that JV Company.

    • 20 Feb · Board meeting

      (6) The Board also discussed and approved Malaysian JV company's plan for being a catalyst in constructing 100 new entertainment centers / malls, creation of a real estate investment Trust to acquire the above said assets and also make Pyramid Saimira Theatre Chain (Malaysia) Sdn.Bhd as an asset management company to manage assets created, which is approx. of the value of US$ one Billion. The Board deliberated and approved Malaysian JV company's plan to acquire an existing theatre chain company and an existing content distribution company in Malaysia for a faster ramp up of operation. (7) The Board also recommended Employee stock holding scheme to be created to motivate employees and make employees of Pyramid group as stake holders in growth of PSTL. Consequent resolutions in ESOP are also approved by the Board. (8) The Board discussed and approved the proposal by the Company to be a sponsorer in content fund which will fund production houses in content creation The Board also discussed and approved up to US$ 25 million investment into these content fund as a sponsorer. The Board also discussed and approved that the company can incur consequent expenditure in raising US $ 150 million content fund in India and abroad. (9) The Board also ratified the Completion Guarantee agreement signed by the Company which provides insurable completion guarantee. (10) The Board also discussed and approved the proposed content distribution and theatre chain creation in London and North American market. The Board authorized the Managing Director Mr. P S Saminathan for negotiation and decision with the existing content distributors in London and North American market. (11) The Board also requested the Independent Director Dr.S.Ramani to head a panel in creating institutional courses for Film industry in collaboration with Malasyian Universities.

    • 16 Feb · Board meeting

      Agenda for the Board Meeting will be: 1) Raising of further resources for the Company - consideration of issue of FCCB and/or External Commercial Borrowing to the tune of US$100 Million. Convening of EGM - Suitable date - for approval and authorization of issue of FCCB. 2) Malaysian Developments - Joint Venture - Ratification and related issues. 3) Raising the limit of acquisition of shares by FII from 24% of the paid-up capital of the Company to 33% of the paid up capital. 4) Signing of Agreements with a major Realty Developer for Multiplexes / Malls in North / South India - formation of SPV.

  22. Jan 2007

    • 30 Jan · Board meeting

      1) The Board reviewed the Completion Guarantee for Films, which will be reinsured by Insurance Companies with proper tie-up. The Board also approved the participation of Pyramid in proposed unstructured Content Fund to be raised immediately for funding Production houses. The Board also approved that Pyramid can be a sponsorer in structured close ended content fund that can be raised both in India and abroad. 2) The Board approved that wherever Pyramid has the Content Supply Chain arrangement with Production houses, Pyramid can also have strategic alliance with the said Production houses. 3) The Board approved the agreement the company has entered into with M/s.Ritual Developers, Bangalore for construction of 15 malls, where Pyramid will establish and manage Multiplexes in the State of Karnataka. 4) The Board authorized the Managing Director to complete the negotiations pending for malled Multiplexes of Pyramid's foray in Northern and Western (Chattisgarh, Uttar Pradesh, Madhya Pradesh, Maharashtra and Gujarat) India. The Board also authorized the Managing Director to discuss with the various developers with whom the Company has entered into agreement for malled Multiplexes, for a long term Strategic relationship including formation of SPV. 5) The Board authorized the Managing Director to look for inorganic growth opportunities in Pyramid's core business - Exhibition

    • 17 Jan · Board meeting

      Board Meeting to be held originally on 24th January 2007 is now rescheduled to meet on January 30, 2007 due to sudden demise of the father of the Managing Director of the Company on 15.01.2007 followed by daily religious rituals to be performed by him. Agenda : (1) To Consider and take on record, the Unaudited Financial Results for the quarter ended December 31, 2006. (2) To consider various expansion proposals.

    • 12 Jan · Board meeting

      1) To Consider and take on record, the Unaudited Financial Results for the quarter ended December 31, 2006. 2) To consider various expansion proposals.