Compact Disc India Ltd (CDI) (BSE), India’s leading integrated Media and Entertainment Company announced few remarkable developments in the Board of Directors Meeting held today. The company has announced to create Share Holders Welfare Fund with initial capital of Rs. 50 Lac for granting interest free loan to those members of the company, who have been continuously holding its shares at least for the past 10 years, to meet their personal, medical and educational needs. The company has once again maintained its promise to strengthen and serve their loyal shareholders who have been with the company from the last 10 years in all endeavors. The Company has also decided to declare 10% dividend for all their shareholders for the financial year 2007-08.

Talking on the new outcomes of the Board of Directors meeting, Mr. Suresh Kumar, Chairman, Compact Disc India Ltd. (CDI), stated that, “At CDI, FY 2007-08 has been a year of accelerated growth and market leadership, and we are fast emerging as Asia’s undisputed leader in the animation film industry. The confidence of the esteemed shareholders in our company has given us a chance to achieve a remarkable position in the industry. The creation of shareholder’s Welfare Fund, would give us a chance to meet the personal, medical and educational needs of the members of the company who have been the company’s shareholders since last 10 years. We continue to win the confidence of our prominent customers resulting in opportunities of significant size and criticality, thus resulting in higher growth of key international accounts and strengthening our leadership position in the industry”.

Compact Disc India Ltd., the largest animation film company of South Asia has reported a 109 percent growth in its net profit for the first quarter ended June 30, 2008. The company recorded a net profit of Rs. 8.35 crore for the quarter, as against Rs. 3.98 crore in the corresponding quarter last year. Total income stood at Rs. 43.36 crore, as compared with Rs. 20.22 crore in the comparable quarter a year ago, reflecting a growth of 114 percent, Earnings Per share (EPS) increased to Rs. 8.73.

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