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Hero Sriram is doing a Telugu film for Yank Movies Banner titled Premotsavam. K.Rajeswar of Mounahrudayam fame is the director and Ashok Kotwani is the producer. The film is officially launched on 6th June at the production office at Panjagutta. Noted director Sagar attended the event. Hero Sriram expressed his confidence on the director the script. 'I am doing this film after a good gap and I am happy about it. I am playing a corporate employee', said Sriram. First schedule of the film will continue until the 20th of June. Schedules are planned in Malaysia and Singapore too. Namita and Hemamalini (debut) are the heroines. Yatish composes music.