Telephoto Entertainments Ltd: Revised Outcome of Board Meeting

With reference to the earlier announcement dated February 07, 2010, Telephoto Entertainments Ltd has informed BSE a revised outcome of Board Meeting as follows:

1. To change the name of the Company to "Picturehouse Media Limited".

2. To amend the Main Objects Clause of the Memorandum of Association.

3. To increase the Authorised Share capital of the Company.

4. To amend the Articles of Association

5. Further issuance of securities by way of preferential allotment of equity shares, compulsorily convertible preference shares and warrants to Promoter group and persons other than the Promoter group upto Rs. 500 Crores.

6. To raise further capital by way of GDR, FCCB etc. upto Rs. 500 Crores

7. To seek approval of the shareholders for the items (1) to (6) listed above by way of a postal ballot process.