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Our Bureau

Mumbai , Dec. 2

MR Subhash Chandra, Chairman and Managing Director, Zee Telefilms Ltd, has stepped down from the post of Managing Director.

The company informed the BSE that in view of the strengthening of the executive management by the appointment of whole-time directors - Mr Laxmi N. Goel and Mr Punit Goenka - and the appointment of Mr Pradeep Guha as Chief Executive Officer, Mr Chandra has relinquished his office of Managing Director.

He continues to be non-executive Chairman of the company and remains its principal promoter.

Mr S.P. Talwar, one of the non-executive independent directors, has resigned as director of the company citing personal reasons.

Shares of Zee Telefilms moved down by Rs 2.35 to Rs 162.60 on the BSE on Friday.

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