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Programming - Mukta V N Films

Mukta V N Films

The programming service business has from April 2014, been carried over by our subsidiary, Mukta VN Films Limited, which is jointly held by the Company along with VN Films Private Limited, a subsidiary of UFO Moviez. This business used to have a major contribution in the top line through being a commission business, the impact of bottom line was small. As a result of this joint venture, the overall share of the business has grown with over 600 screens being managed by the new entity.

During the year, The Board Of Directors reviewed the affairs of its subsidiary Companies, further, pursuant to provisions of section 129 (3) of the Act, a statement containing salient features of the financial statements of the company's subsidiaries in Form AOC-1 is attached as Annexure 'A' to this report.