2003: Mr. K. Ogishima resigned, and Mr. M. Ikeda was appointed in his place. Shareholders authorised the allocation of Rs 390 million in 5 percent Non-Cumulative Redeemable Preference Shares Capital to Matsushita Electric Industrial Company Ltd. in Japan. The name of Matsushita Television & Audio Ltd. has changed to "Panasonic AVC Networks India Co. Limited," with PAVCI as the new abbreviation.
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