October 18, 2017 3:26 PM ET

Software

Company Overview of Kirloskar Multimedia, Ltd.

Company Overview

Kirloskar Multimedia Limited does not have significant operations. Previously, it was engaged in the development of software/multimedia titles. The company was incorporated in 1992 and is based in Bengaluru, India.

Kempapura

HAF Post

Bengaluru,  560024

India

Founded in 1992

Key Executives for Kirloskar Multimedia, Ltd.

Managing Director and Executive Director
Compensation as of Fiscal Year 2017.

Kirloskar Multimedia, Ltd. Key Developments

Kirloskar Multimedia Ltd To Be Delisted From BSE, Effective August 23, 2017

Trading Members of the Bombay Stock Exchange (BSE) are hereby informed that the Kirloskar Multimedia Ltd that has remained suspended for more than 10 years would be delisted from the platform of the Exchange, with effect from August 23, 2017 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Regulations”). As per SEBI Delisting Regulations, 2009 the following consequences of compulsory delisting would apply to the company: The securities of the company would cease to be listed and therefore not be available for trading on the platform of the Exchange. Promoters of the delisted company will be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. Further, in terms of Regulation 24 of Delisting Regulations, the delisted company, its whole-time directors, promoters and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the time promoters of the Company provide an exit option to the public shareholders in terms of value determined by the valuer, the following consequences of compulsory delisting would also apply: Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares; Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group; The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed ompany. Further, the company would be moved to the Dissemination Board of the Exchange for a period of 5 years as advised by SEBI.

Kirloskar Multimedia, Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

Kirloskar Multimedia, Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company's loss from operations before other income, finance costs and exceptional items was INR 0.01 million compared with INR 0.045 million a year ago. Loss from ordinary activities before tax was INR 0.215 million compared with INR 0.250 million a year ago. Net loss was INR 0.215 million or INR 0.01 per basic and diluted share compared with INR 0.250 million or INR 0.02 per basic and diluted share a year ago. For the nine months, the company's loss from operations before other income, finance costs and exceptional items was INR 0.175 million compared with INR 0.198 million a year ago. Loss from ordinary activities before tax was INR 0.790 million compared with INR 0.813 million a year ago. Net loss was INR 0.790 million or INR 0.05 per basic and diluted share compared with INR 0.813 million or INR 0.06 per basic and diluted share a year ago.

Kirloskar Multimedia, Ltd., Board Meeting, Jan 31, 2017

Kirloskar Multimedia, Ltd., Board Meeting, Jan 31, 2017. Agenda: To consider quarterly results.

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Recent Private Companies Transactions

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