Dear Valued Shareholders
I extend my Warm Greetings to you all!
At the outset I wish to express my gratitude to all the shareholders who continuedtheir support over these years without which your company would have not grown to thissize. I am really feeling privileged and honoured to pen this message for you on theoccasion of 12th Annual General Meeting of your Company.
The Financial Year 2015-16 was a mixed bag for the Media and Entertainment industry.The television industry performed well during the said financial year. Digitisation ofcable continued with its implementation challenges for this year but it was encouragingthat progress is being made with Phase III substantially complete. For your CompanyPhase III market of digitization has been a resounding success boosting it to leadingmarket share position in almost every market in which it has been launched. The uniqueoffering targeting consumers of content in regional languages has been very well acceptedby the viewers. Your company simultaneously focused on driving the penetration of Highdefinition set up boxes in urban markets and meet with the considerable successsubstantially improving the market share of high definition offering.
Beside this your Company is successful in maintaining its favourable brand value andcustomer relations by providing the subscription packages at minimal rates. It was a tougheconomic environment for the year but your company remained focused on delivering superiorshareholder value and maintaining its decorum of high standard of corporate governance.Though a challenging year globally your company has successfully managed in consolidatingits position and is able to earn revenue through its wide distribution network. I amindeed happy to inform you that your company posts a satisfactory performance for thisfinancial year.
A big venture of your Company through its channel SEA EDUCATION a channel that usesentertainment in conjunction with education has achieved its first mile stone in itsdevelopment. During the year It organised a dancing program Nandini D3- Dance Danceand Dance that provided a platform to the young talents in the city of Taj andacquired huge success in giving recognition to these fresh talents paving a way to brightfuture for them.
Words always fall short to describe the whole story of ups and downs during a year butindeed we have to stop somewhere. To end with I want to thank our Board of Directors fortheir support and exemplary guidance. I also take this opportunity to express my gratitudeto our customers bankers business associates govt. authorities and others. Further withmy whole heart I again owe a sincere thanks to all the shareholders for your valuablepatronage. In the last but obviously not the least I thankfully and graciouslyacknowledge the efforts of our staff and management for their dedicated services andsupport in FY 2015-16 and hope they will provide better results in futures upcominguncountable years.
(Chairman & Managing Director)