Silverline stock trading halted : Reduction of Capital and Demerger of Animation Division
13/11/2007

Bombay Stock Exchange has stopped trading in the share of the Company effective 13th November 2007 in order to give effect to the Scheme of Arrangement for the reduction of capital and Demerger of their animation division as allowed by the Hon'ble Court, Mumbai. The record date for giving effect to this Scheme of Arrangement is 20 th November 2007. Thereafter we expect within approximately 10 days after the record date of 20th November 2007, the shares of the Company would be re-listed for trading.

Please note that all the shareholders would be getting the credit for 4 shares in Silverline Animation Technologies Limited for every 100 shares held by them as on the record date.

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