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History of Odyssey Video Communications Ltd.

YEAR EVENTS 1986 - Odyssey was set up as a production house within MAA Communications Pvt Ltd for TV & Video programmes. Since then ODYSSEY has acquired the reputation of reliable & quality conscious producer.

1995 - The Comp. films have recently won Advertising Club awards at Bangalore & Hyderabad. 1996 - The Comp. had issued 1500 Non convertible debentures of Rs. 10,000 per debenture with a coupon rate of 18.50% amounting to Rs.150 Lakhs to Karnataka State Financial Corporation for meeting the long term working capital requirements.

1997 - Odyssey Video Communications has earmarked on a staff lay-off measure at its Mumbai Office, as its performance for year 1996-97 has fallen way behind its projections.

1998 - The Comp. has tied up with a leading player in the IT industry to give it the technical inputs in the area of Information Technology.

- The Comp. has tied up with a Chennai-based IT Comp. to give Odyssey the technical inputs in the area of information technology.

1999 - The Comp. has bagged two Golden Aster Award at the Osaka Film Festival, Japan which reflects the quality of films produced by Company.

2000 - The Comp. has decided to increase in authorised share capital from Rs.4 crores to Rs.6 crores & to amend the MoA.

- Issue of shares on preferential basis to promoters, promoter groups, FIs, FIIs, NRIs, OCBs, MFs & others.

- Invest the company funds in other companies, whose businesses have synergies with Odyssey.

- Dematerialisation of shares of company. Issue of shares under ESOP scheme.

- Increase in authorised share capital, issue of equity shares to promoters, promoter group, FIs, FIIs, NRIs, OCBs, MFs, others & investment in shares of companies having synergy of business in excess of prescribe limit.

- Siri Interactive, a division of Odyssey Video Communications Ltd, has launched interactive Net initiatives for domestic parts operations of Ashok Leyland, marking the entry of Hinduja group flagship into B2B areas.