The company made this announcement after trading hours on Wednesday, 5 October 2011.

Meanwhile, the BSE Sensex was up 369.38 points, or 2.34% to 16,161.79.

On BSE, 6,911 shares were traded in the counter as against average daily volume of 28,831 shares in the past one quarter.

The stock hit a high of Rs 37 and a low of Rs 35.60 so far during the day. The stock had hit a 52-week high of Rs 66.90 on 22 October 2010 and a 52-week low of Rs 27.75 on 26 August 2011.

The small-cap stock had outperformed the market over the past one month till 5 October 2011, gaining 18.08% compared with the Sensex's decline of 5.51%. The scrip had also outperformed the market in past one quarter, declining 0.84% as against 15.75% decline in the Sensex.

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

Cinemax India said the latest multiplex is having capacity of 716 seats, including 17 recliner seats. The three screens multiplex will also offer patrons to enjoy a personalized cafe service while enjoying their favorite movie which will give them out of the world experience--"Cinemaxperience", the company said in a statement. Further, with the launch of the multiplex in Sugar, Cinemax India will have a pan India presence with 126 screens and 31,491 seats across 37 properties, the company said in a statement.

Cinemax India's consolidated net profit rose 1.8% to Rs 1.11 crore on 29.2% rise in net sales to Rs 60.17 crore in Q1 June 2011 over Q1 June 2010.

Cinemax India operates and owns multiplexes in India.