Khyati Multimedia Entertainment Ltd

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• Promoted by Kartik J Patel, Jasubhai M Patel and Praful J Agrawal, Khyati Resorts was incorporated in Jan.`95. The company is establishing a resort-cum-residential hotel project at Baliyasana (Mehsana district), Gujarat, with ultra modern facilities like residential hotel, time share cottages, 24-hour coffee shop and restaurant, water park, children park, health club, etc, at an estimated cost fo Rs 1208 lac. In Apr.`96, the company came out with a public issue of 51 lac equity shares of Rs 10 each for cash at par aggregating Rs 5.1 cr, to part-finance its above project. During the year 1996-97, it completed the Highway Restaurant Project and started commercial operation. During the year 1999-2000, the Company changed its name from Khyati Resorts Limited to Khyati Multimedia-Entertainment Limited. The Company is planning a expansion plan to establish Multimedia Based Entertainment Park and for this the main object clause has already been changed and the neccessary permission has also been obtained from the ROC office. In order to finance the proposed expansion project, the Company proposes to make a fresh issue of equity shares either on rights basis or on preferential allotment basis.