फेम इंडिया > कंपनी इतिहास > Media & Entertainment > कंपनी इतिहास का फेम इंडिया - बीएसई: 532631, NSE: FAME

फेम इंडिया

बीएसई: 532631  |  NSE: FAME  |  ISIN: INE886G01011  |  Media & Entertainment

कंपनी इतिहास - फेम इंडिया
We were incorporated on October 26, 1999 as a private limited company.
 Pursuant to a resolution passed by our shareholders at an EGM held on
 December 19, 2004 we became a public limited company on December 24,
 2004 in accordance with the provisions of Section 31/44 of the
 Companies Act, 1956.
 Shringar Group started of in the early 50's when Mr. Gobindram
 Naoomal Shroff and Mr. Vasudev Naoomal Shroff formed a partnership
 firm by the name of Issardas Naoomal, with the main objective of
 financing Bollywood films. Some of their best known films financed
 are Dusham, Kafila, Chalti Ka Naam Gaadi, Jhumroo, Basant Bahar, Post
 Box 999, Howrah Bridge, Do Raaste, Guide, Evening in Paris, Aradhana,
 Night in London, Dharma etc.
 By the mid 60's the firm formed Maya & Co. and began acquiring film
 distribution rights and distributed them to theaters through M/s
 Chhabra Film Exchange. Holi aayee re, Mera Gaon Mera Desh, Dilli ka
 thug, Sazaa were films that Maya & Co, distributed during this
 The success of the films at the box office prompted the Shroff
 brothers to venture into the distribution trade.  In early 70's Mr.
 Shyam Shroff and Mr. Balkrishna Shroff (sons of Mr. Gobindram N.
 Shroff launched a partnership firm Shyamlal Balkrishna & Co. and
 exported various films like Prem Nagar, Julie, Chhaila Babu, and
 Kinara to various overseas countries.  Success of such films made the
 Shroff family launch a firm by the name of Shringar Films in 1975,
 By mid 90's Shringar Films had achieved success in the distribution
 business with the launch of films like Qayamatse Qayamat Tak,
 Rangeela, Raja Hindustani, Bombay, Bandit Queen etc. In 1997, under
 Mr. Shravan Shroff's leadership Shringar Films ventured into the
 business with programming of theaters as our Company's forte,
 Till recently Bollywood faced a genuine need for alternative sources
 of funding, including debt and equity different from the funding
 received from typical private lenders. The Reserve Bank of India took
 the first such step by allowing financing of Indian films by banks.
 The Central
 Government also conferred industry status to the Entertainment
 Industry including Films and approved the same as an eligible
 activity for film financing under the Industrial Development Board of
 India, Act, 1964 and the National Film Development Corporation. There
 several reasons for organized investors to stay away from financing
 film companies, which included amongst others, lack of transparency,
 poor professional management, clear corporate structure and an exit
 To respond to the defects and deficiencies as aforesaid, the Shroff
 Family decided to corporatise their business. Hence decision was
 taken in October 1999, to incorporate Shringar Cinemas Pvt. Ltd with
 the objective of venturing into the multiplex business and Shringar
 Private Limited (SFPL) for film distribution. Our Company was then a
 wholly owned subsidiary of Shringar Films Private Limited. 
 Shroff Family (the Promoters) also began discussions with India Value
 Fund Trustee Company (IVF or Investors) a SEBI registered venture
 capital fund to evaluate possibility of funding both these companies.
 Some time in early 2001, the Investors infused equity capital in our
 Company as well as SFPL, pursuant to two Share Subscription and
 Shareholders Agreements both dated April 2, 2001, namely SHA-1 and
 SHA-2 for the purpose of recording the terms on which the Investors
 had invested in SFPL and our Company respectively. These agreements
 also recorded certain rights and obligations in connection with the
 shareholding of both SYH and the Investors in SFPL and our Company.
 To capture the combined beneficial interest of both the Investors and
 SYH in SFPL and our Company, a separate Valuation Agreement dated
 April 5, 2001 was executed between the Parties and modified on March
 15, 2004, described else where in this chapter. 
 SFPL primarily engaged in the business of distribution and our
 Company was to carry on the exhibition business. Under both the SHA-1
 and SHA-2, our Company, the Promoters and the Investors also had
 agreed that before making an IPO, it shall restructure the share
 capital of
 our Company to correctly reflect the beneficial interest of the
 Investors and the Promoters on the basis of valuation then agreed
 between them under the Valuation Agreement.
 At that time it was envisaged that SFPL would be the main flagship
 company and our Company would be the subsidiary of SFPL.  However,
 some time in early 2004, since the exhibition business progressed
 well, it was decided to focus and promote our Company as main
 flagship company and SFPL as our subsidiary. In view thereof, as
 contemplated under SHA-1 and SHA-2, an exercise to restructure the
 capital structure was undertaken, which resulted in our  Company
 being the holding or parent company of SFPL. However, whilst doing
 this it was all along agreed and understood that the rights of both
 the SYH and the Investors as shareholders as agreed under the SHA-1
 and SHA-2 has to be maintained, in the respective companies. In order
 to keep documentation simple instead of re-executing fresh
 shareholders agreements to reflect the change in the capital
 structure, the Promoters, SYH, IVF, our Company and SFPL executed a
 combined Supplementary Agreement on December 2, 2004 to record the
 changes to SHA-1 and SHA-2. 
 The Supplementary Agreement confirms that all references to SFPL or
 Company in SHA-1, would now mean only to our Company, since our
 Company is the parent company and the entire SHA-1 would be construed
 and interpreted accordingly. All rights given to the Promoters/SYH and
 the Investors for SFPL would now be available for our Company as
 modified by the Articles of Association, Similarly, certain rights,
 which were given to the Investors under SHA-2 for our Company, would
 now be available to the Investors in SFPL, since SFPL is now the
 subsidiary of our Company.
 Prior to the execution of SHA-1 and SHA-2, the Promoters and Mr.
 Vasanji Mamania and others (VM Group) had already formed a company in
 the name of Adiabs Shringar Multiplex Cinemas Private Limited (ASMCPL)
 as a Joint Venture, which owned the Andheri Multiplex property in
 Mumbai. ASCMPL has entered into a business conducting agreement with
 Swanston Multiplex Cinemas Private Limited (Swanston) for licensing
 to use and occupy the premises for running of Andheri Multiplex for
 an agreed amount of royalty. In furtherance to the objectives
 outlined in SHA-1 and SHA-2, Swanston became our subsidiary in June
 2002 along with VM Group holding 49.99%, which shares have now been
 transferred to Adiabs Films Limited.
 -The company plans to raise Rs 38-43 crore from the equity market
 through an initial public offering of 81,50,000 equity shares of Rs
 10 each. The price band has been set at Rs 47-53 per share.
 The proceeds of the IPO will be used for funding exhibition growth
 and opening up multiplexes in Thane, Hyderabad, Aurangabad and
 Kolkata. The book running lead managers to the issue are Enam
 Financial Consultants Pvt Ltd and JM Morgan Stanley Pvt Ltd.
 -Shringar Cinemas public issue oversold 3.84 times
 -Shringar Cinemas Limited has appointed Ms. Pooja N., B.Com, ACS,
 LL.B., as the Company Secretary of the Company with effect from 18th
 June 2007 and she shall act as the Compliance Officer of the Company
 henceforth till her tenure as a Company Secretary in the Company.
 - Company name has been changed from Shringar Cinemas Ltd  to Fame
 India Ltd.
 - Fame India Limited has appointed Mr. Abhishek Mahorey as Company
 Secretary and Compliance Officer of the Company w.e.f. October 31,
 -Mr. Suratha Satpathy is appointed as Company Secretary and
 Compliance Officer of the Company 
 -Fame India has commenced operations of new multiplex at Hind Fame,
 -FAME Cinemas launches FAME NATIONAL @ Arcot Road in Chennai
 -Registered Office of the Company has been shifted from Fame Adlabs,
 2nd Floor, Oshiwara Link Road, Andheri-West, Mumbai-400 053 to Citi
 Mall, 2nd Floor, Oshiwara Link Road, Andheri-West, Mumbai-400 053.
 -Indias largest cinema chain - INOX Leisure and Fame India select
 GDC Technology and Barco for 100% digital cinema conversion
 -Fame India Ltd Issues Rights in the Ratio of 58:100
 -Registered Office of the Company has been shifted from Citi Mall,
 2nd Floor, Oshiwara Link Road, Andheri (West), Mumbai - 400053 to 9th
 Floor, Viraj Towers, Next to Andheri Flyover, Western Express Highway,
 Andheri (East), Mumbai - 400093.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1943.41 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `1757.79 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `2051.12 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `413.11 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `485.49 Cr की बिकवाली
  • MARKET CUES : स्टॉक फ्यूचर्स में `1166.75 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `14.23 Cr की खरीदारी
  • CORONA OUTBREAK : दुनियाभर में कोरोना के अब तक 15,17,014 मामले
  • CORONA OUTBREAK : दुनियाभर में कोरोना से अब तक 88,411 मौत
  • CORONA OUTBREAK : दुनियाभर में कोरोना से अब तक 3,29,731 रिकवर

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(August 06, 2018)

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