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Company under Corporate Insolvency Resolution Process

Commencement of Commercial Production:
The Company has commenced the commercial production of Solar Photovoltaic Cell project from 24th August, 2010.The same has been informed to the Stock Exchanges viz. Bombay Stock Exchange Limited and National Stock Exchange of India Limited.
Euro Multivision Ltd. files DRHP with the SEBI (EML Press Release on
Euro Multivision files IPO papers (Article on
Storage disc maker Euro Multivision filed the draft red herring prospectus (DRHP) with the SEBI to tap the capital markets with an IPO of 8.8 million equity shares of Rs 10. The issue will constitute 36.97 % of the post issue paid-up capital of the company. The company is also considering a pre-IPO placement subject to a minimum net issue to the public being 25% of the post issue paid-up capital of the company. The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

Euro Multivision will deploy the IPO proceeds to build a photovoltaic solar cell manufacturing unit at a total cost of Rs 1.67 billion at Taluka Bhachau, dist- Kutch, Gujarat.

The company proposes to set up this photovoltaic plant in a special economic zone (SEZ) to be developed by them. The company proposes to meet this fund requirement through the proceeds from this issue and the term loan component. Incorporated in the year 2004, the company has set up a plant for the manufacture of CDR and DVDR. Euro Multivision has its manufacturing facility situated at taluka Bhachau, Kutch, Gujarat.
Euro Multivision seeks Bombay listing (Written by Patrick Frater, Monday, 14 January 2008):
HONG KONG – Euro Multivision, India's second largest manufacturer of DVDs, and other optical discs is to seek a listing on the Bombay Stock Exchange. The company filed a prospectus Friday with the Securities and Exchange Board of India suggesting that it will sell 37% of its capital at a price that is yet to be determined.
Euro Multivision likely to file prospectus for IPO (By Varinder Bansal )
Euro Multivision Ltd. files DRHP with SEBI
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