MUMBAI: Padmalaya Telefilms Ltd (PTL) is swinging back into action, after the exit of Zee Telefilms as a stakeholder in its holding company Padmalaya Enterprises Pvt Ltd.
 
The company promises to roll out three Hindi and two Telugu movies. Padmalaya is all set to start the production of a mega movie with Sunny Deol as hero in the current financial year. The release is expected in the last quarter of the current financial year. Two more Hindi movies are on the cards with script, cast and schedules being finalised.
 
 

The company has informed BSE that the turnover is expected to be in the region of Rs 767.50 million in the current financial year (spanning film production, distribution, exhibition, TV software and animation activities). The Company hopes to substantially improve upon the turnover projections on the execution of 100 digital theatres project.

Zee recently reached a settlement with the promoters of Padmalaya companies, whom it had accused of misappropriation of shares.