May 3, 2013

Press Release No. 1

News about Balaji Telefilms Limited

The media had reports that Income Tax department conducts raids on Balaji Telefilms Limited offices.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Balaji Telefilms Limited has vide its letter inter-alia stated, "We submit that the Income Tax Department has conducted procedure under section 132 of the Income Tax Act, 1961 and the proceedings are pending completion."