Sanjay Dosi has put in his papers as CEO of Balaji Telefilms.

The company that posted a net profit of Rs 290.15 million for FY 2001-02, now has a new CEO in the form of Shobha Kapoor, actor Jeetendra's wife, who has so far been operating in the capacity of managing director.

Dosi's resignation was accepted at the company's board meeting on 24 May, according to reports. The company has informed the Bombay Stock Exchange that Kapoor has taken over as the CEO and that the company is on the lookout for a chief financial officer.

The media firm is riding high on the BSE today with the stock up 4 per cent or Rs 21.75, at Rs 565.25. The stock opened at Rs 568 today, against Friday's clsoe of Rs 543.50. The company has registered a massive 666.25 per cent net profit jump over last year's figures, and the board has recommended final dividend of 50 per cent.