MUMBAI: The boards of Zee Telefilms and Balaji Telefilms have approved dividends for the 2002-03 fiscal.
In its Annual General Meeting held yesterday, shareholders of Balaji Telefilms Ltd approved declaration of a final dividend of Rs 1.50 per share. They have also approved the appointment of Dhruv Kaji as director of the company.
Jeetendra Kapoor has been re-appointed as director of the company while M/s Deloitte Haskins & Sells, Chartered Accountants and M/s Snehal & Associates,Chartered Accountants have been re-appointed as joint auditors for the company. The board has also approved revision in remuneration payable to Shobha Kapoor and Ekta Kapoor as also the payment of commission to the non-executive directors.
The Zee Telefilms Ltd board, on the other hand, has agreed on a 55 per cent dividend for 2002-03. The board has also recommended that Zee pull out of the Ahmedabad and Delhi stock exchanges.