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UFO Moviez India Ltd.

BSE: 539141 Sector: Media
NSE: UFO ISIN Code: INE527H01019
BSE LIVE 15:40 | 23 Nov 447.95 -0.50
(-0.11%)
OPEN

450.00

HIGH

452.55

LOW

444.85

NSE 15:31 | 23 Nov 447.80 -2.35
(-0.52%)
OPEN

448.65

HIGH

455.00

LOW

445.00

OPEN 450.00
PREVIOUS CLOSE 448.45
VOLUME 2424
52-Week high 492.00
52-Week low 316.00
P/E 22.45
Mkt Cap.(Rs cr) 1,236
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 450.00
CLOSE 448.45
VOLUME 2424
52-Week high 492.00
52-Week low 316.00
P/E 22.45
Mkt Cap.(Rs cr) 1,236
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

UFO Moviez India Ltd. (UFO) - Company History

UFO Moviez India Ltd was originally incorporated as a private limited company under the name of Valuable Media Private Limited under the Companies Act 1956 and received a certificate of incorporation dated June 14 2004 from the Registrar of Companies Maharashtra at Mumbai. Thereafter pursuant to a resolution of the shareholders passed at the extraordinary general meeting on August 17 2006 the name of the Company was changed to UFO India Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies Maharashtra at Mumbai on August 31 2006. The reason for the change of name was to align the name of the company with The brand offerings. Pursuant to a resolution of the shareholders passed at the extraordinary general meeting held on October 11 2006 The Company was converted into a public company and its name was changed to UFO India Limited and a fresh certificate of incorporation consequent upon change of name on conversion to a public limited company was issued by the Registrar of Companies Maharashtra at Mumbai on November 10 2006. Further pursuant to the scheme of amalgamation approved by the Delhi High CThet through its order dated May 19 2008 UFO Moviez Limited The erstwhile holding company was amalgamated with and into UFO India Limited. Subsequently pursuant to a resolution of the shareholders passed at the extraordinary general meeting held on June 5 2008 the name of The Company was changed to UFO Moviez India Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on June 12 2008. The reason for the change of name was the amalgamation.UFO Moviez India Ltd. is India's largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens. UFO operates India's largest satellite-based digital cinema distribution network using its UFO-M4 platform as well as India's largest D-Cinema network.UFO's digitization and delivery model has been a key driver of extensive digitization of Indian cinemas and has enabled wide-spread same day release of movies across India. As on March 31 2016 our global network along with our subsidiaries and associates spans 6689 screens worldwide including 5034 screens across India & Nepal and 1655 screens across the Middle East (UAE Bahrain Qatar Oman Kuwait Lebanon and Jordan) Israel Mexico and the USA services by the subsidiary Scrabble Entertainment Ltd.Incorporated in 2004 the company in 2005 entered into the first agreement for appointment of an exhibition franchisee in connection with the installation of E-Cinema digital cinema system and launch of digital cinema business of the Company in India. In 2006 Edridge Limited (a subsidiary of UFO Moviez Limited (formerly known as Zefaan Media Private Limited) acquired a 51% stake in UFO International Private Limited the entity holding software and intellectual property related to UFO-M4 technology from DG2L Technologies Pte. Ltd. Singapore. In 2008 the company launched its in-cinema advertising platform. The company got Sanction of the scheme of amalgamation by the High Court of Delhi pursuant to which UFO Moviez Limited the erstwhile holding company merged with and into the Company. The company also Signed agreement with Southern Digital Screenz India Private Limited (SDS) for installation of UFO-M4 digital cinema systems in southern India.In 2010 the company got First non-film application of UFO M4 technology in which the Company acted as the technology service provider for enabling exhibition of live cricket matches in theatres across the country in 2D and 3D formats. In 2011 the company made Investment in SDS and DCI solution provider Scrabble Entertainment Limited (Scrabble) and also launched operations in U.A.E. Bahrain Kuwait Qatar Lebanon Oman and Jordan through the Subsidiary SEJLT. In 2013 the company incorporated SVLLC and SVM the Associates to launch operations in North America(USA and Mexico). In 2014 the company entered into a agreement for acquisition of VDSPL and in 2015 the company completed acquisition of 80% interest of VDSPL.