The company made this announcement after trading hours on Monday, 16 February 2009.

Meanwhile, the BSE Sensex was down 271.58 points, or 2.92%, to 9,033.87.

On BSE, 5,470 shares were traded in the counter. The stock had an average daily volume of 5,315 shares in the past one quarter.

The stock hit a high of Rs 38 and a low of Rs 34.10 so far during the day. The stock hit a 52-week high of Rs 131.90 on 29 April 2008 and a 52-week low of Rs 33.25 on 28 November 2008.

The small-cap stock had outperformed the market over the past one month till 16 February 2009, rising 0.27% as compared to the Sensex's 0.19% fall. It had underperformed the market in the past one quarter, declining 9.03% as compared to the Sensex's decline of 0.85%.

The company's current equity is Rs 28 crore. Face value per share is Rs 10.

The current price of Rs 35 discounts the company's Q3 December 2008 annualized EPS of Rs 2.26, by a PE multiple of 15.49.

Promoters of the company have pledged more than 1.14 crore shares or 41% stake in the company. The company did not mention with whom the shares were pledged.

The promoters' total shareholding in the company as on 31 December 2008 was 68.14%.

The issue of pledged shares has gained importance in the recent past after it was discovered that the entire promoter stake of the fraud-hit Satyam Computers was pledged with various financial institutions. Securities & Exchange Board of India (Sebi) has since made it mandatory for companies to disclose details related to pledge shares.

There are fears that the lenders may dump the pledged shares if the promoters fail to repay the loan.

Cinemax India's net profit declined 27.2% to Rs 1.58 crore on 47.2% rise in net sales to Rs 30.51 crore in Q3 December 2008 over Q3 December 2007.

Cinemax India operates and owns the largest number of multiplexes in India.