User:Karthikkrishnamurthy123/sandbox
| Company type | Listed company |
|---|---|
| Industry | Entertainment |
| Founded | 2009 |
| Headquarters | Mumbai, India, Mumbai , Maharashtra |
Key people | Mr. Ramesh S. Taurani (Founder, Mr. Kumar S. Taurani (Founder)) |
| Products | |
| Parent | Tips Industries |
| Website | tipsfilms |
Tips Films is an Indian film production company headquartered in Mumbai. The company was demerged from its parent company Tips Industries Limited. [1] The demerger was officially approved by the Hon'ble NCLT, Mumbai, through their Order dated March 3, 2022. [2]
Background and Demerger
[edit]Tips Industries Limited, a listed Indian company, before demerger was actively involved in producing, distributing, and acquiring motion pictures through its Film Division, along with acquiring and monetizing music rights through its Music Division. [3] As part of a strategic move, Tips Industries Limited in its regulatory filings with the stock exchanges, proposed demerging its Film Division and establishing it as a separate publicly listed company. [4] As per the regulatory filing, the rationale behind the proposed demerger was to enable focused management for each undertaking, streamline business processes and maximize shareholder value. The equity shares of Tips Films Limited were listed on BSE Limited & National Stock Exchange of India Limited on October 6, 2022.
Timeline
[edit]- 05 Jan 2021 - The board of directors of Tips Industries Limited in-principally agreed to explore demerger of film business of Tips Industries Limited into separate entity. [5]
- 10 May, 2021 - The Board of Directors of Tips Industries Limited discussed and approved a proposed plan for reorganization and separation between Tips Industries Limited (referred to as "TIL" or the "Demerged Company") and Tips Films Limited (referred to as "TFL" or the "Resulting Company"), along with their respective shareholders. [6]
- 22 Sep, 2021 - The court directed the convening of a meeting of equity shareholders to consider and approve the scheme. [7]
- 02 Dec, 2021 - The meeting of equity shareholders of Tips Industries Limited was held to consider and approve the demerger [8]
- 03 Dec, 2021 - Tips Industries Limited in a corporate announcement announced the approval of a demerger by its equity shareholders [9]
- 03 Mar, 2022 - The National Company Law Tribunal, Mumbai Bench, sanctioned the scheme of arrangement for the demerger of the Film Division of Tips Industries Limited. [10]
- Mr. Kumar Taurani, Chairman & Executive Director
- Mr. Ramesh Taurani, Managing Director
- Ms. Jaya R Taurani, Executive Director
- Ms. Radhika Dudhat, Ind. Non-Executive Director
- Mr. Venkitaraman Iyer, Ind. Non-Executive Director
- Mr. Vinode Thomas, Ind. Non-Executive Director
Upcoming Films
[edit]| Year | Film | Director | Cast |
|---|---|---|---|
| Dec-2023 | Merry Christmas (2023 film)[14] | Sriram Raghavan | Vijay Sethupathi, Katrina Kaif |
| 05-Jan-2024 | Sridevi Prasanna[15] | Vishal Modhave | Sai Tamhankar, Siddharth Chandekar |
| To be Decided | Ishq Vishk Rebound[16] | Nipun Dharmadhikari | Rohit Saraf, Pashmina Roshan, Jibraan Khan, and Naila Grewal |
| To be Decided | Nilu Phule Biopic[17] | Prasad Oak |
References
[edit]- ^ "TIPS FILMS LIMITED". The Economic Times.
- ^ "Disclosure under Regulation 30 of SEBI with respect to Scheme of Arrangement and Demerger between Tips Industries Limited, Tips Films Limited and their respective shareholders (" (PDF). National Stock Exchange.
- ^ "Tips Films Ltd". Bombay Stock Exchange.
- ^ "Disclosure under Regulation 30 of SEBI with respect to Scheme of Arrangement and Demerger between Tips Industries Limited, Tips Films Limited and their respective shareholders (" (PDF). Bombay Stock Exchange.
- ^ "Outcome of the Board Meeting" (PDF). Bombay Stock Exchange.
- ^ "Outcome of the meeting of the Board of Directors of Tips Industries Limited held on May 10, 2021 and disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015" (PDF). Bombay Stock Exchange.
- ^ "Meeting of Equity Shareholders of the Company" (PDF). Bombay Stock Exchange.
- ^ "Meeting of Equity Shareholders of the Company" (PDF). Bombay Stock Exchange.
- ^ "Submission of Voting Results of NCLT Convened Meeting of Equity Shareholders of the Tips Industries Limited held on December 2, 2021 along with the Scrutinizer's Report" (PDF). [Bombay Stock Exchange].
- ^ "Disclosure under Regulation 30 of SEBI" (PDF). Bombay Stock Exchange.
- ^ "Tips Films - About the Company". Moneycontrol.
- ^ "Disclosure under Regulation 30 of SEBI with respect to Scheme of Arrangement and Demerger between Tips Industries Limited, Tips Films Limited and their respective shareholders" (PDF). Bombay Stock Exchange.
- ^ "Kareena Kapoor unveils 'Bhoot Police' poster starring Saif Ali Khan, Arjun Kapoor, Jacqueline Fernandez, Yami Gautam". DNA. 4 November 2020. Retrieved 4 November 2020.
- ^ "Sriram Raghavan reveals 'Merry Christmas' is 'not one but two films'. Details". India Today.
- ^ "'Sridevi Prasanna': Sai Tamhankar and Siddharth Chandekar to reunite after 6 years for Vishal Modhave's debut venture". The Times of India.
- ^ "'Ishq Vishk Rebound' Team Wraps Up First Schedule". Outlook (Indian magazine).
- ^ "'Tips Films is set to make a biopic on the Legendary Marathi actor Nilu Phule". Cine Blitz.