You are here » Home » Companies » Company Overview » Diligent Media Corporation Ltd

Diligent Media Corporation Ltd.

BSE: 540789 Sector: Media
NSE: DNAMEDIA ISIN Code: INE016M01021
BSE 00:00 | 24 Jan 0.40 -0.02
(-4.76%)
OPEN

0.42

HIGH

0.42

LOW

0.40

NSE 00:00 | 24 Jan 0.45 -0.05
(-10.00%)
OPEN

0.45

HIGH

0.50

LOW

0.45

OPEN 0.42
PREVIOUS CLOSE 0.42
VOLUME 1475
52-Week high 6.01
52-Week low 0.30
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.40
Buy Qty 1745.00
Sell Price 0.42
Sell Qty 7051.00
OPEN 0.42
CLOSE 0.42
VOLUME 1475
52-Week high 6.01
52-Week low 0.30
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.40
Buy Qty 1745.00
Sell Price 0.42
Sell Qty 7051.00

Diligent Media Corporation Ltd. (DNAMEDIA) - Chairman Speech

Company chairman speech

It gives me immense pleasure to welcome you all to the 13th Annual General Meeting andshare the first of many more to come annual reports of your Company after its listing onthe stock exchanges in December 2017.

Diligent Media Corporation Limited was incorporated in the year 2005 as a JointVenture of two eminent business houses in Media Industry viz. Essel Group and BhaskarGroup. Their business experience and support steered your Company with launch of itsmaiden English Daily Newspaper ‘DNA’ in July 2005 starting with the Mumbaimarket. Since then your Company has seen many ups and downs & business and corporaterestructurings in its journey of over a decade including exit of Bhaskar Group from theJoint Venture in 2012 and consolidation of your Company under Zee Media CorporationLimited another media entity of Essel Group in the news segment in 2014. The expectedsynergies from this consolidation were to create a News Media Powerhouse with presenceacross Television Digital and Print media with a cross-platform o3ering to advertisersand e3ciencies in content curation. The expansion initiatives taken by your Companypost-consolidation under Zee Media Corporation Limited helped your Company in achievingscale requiring an independent strategic direction. Accordingly to facilitate charting anindependent road-map for the growth and also considering changes in the regulatorylandscape the Print Media business was demerged and vested with your Company as astandalone listed entity in pursuance of an NCLT approved Scheme.

In addition to the Mumbai edition of DNA your Company currently has a one-year oldedition in Delhi independent editions of DNA in Jaipur and Ahmedabad re-launched afterdiscontinuance of erstwhile franchise editions run by Bhaskar group and a Marathilanguage weekly newsletter -Zee Marathi Disha with the last three launched in FY 18. Postlisting the key focus area for your Company is to increase revenue growth to turnprofitable. One of the key strategies to achieve this objective is to o3er an integrated360o media solution to the client by combining print digital and on-the-ground events.And some of the strengths of your Company that will be an asset in this endeavor apartfrom firm commitment of Essel Group to support its growth are Essel Group’s strongand distinct philosophy ‘Extraordinary Together’ with content catering toeveryone in the family and core readership of younger age groups.

I would like to conclude by assuring the Members that while your Company continues toincur losses the recent expansions with hard work and contribution of management teamand Essel group’s strength in Media & Entertainment your Company is poised toenter a high growth trajectory and is expected to add value to your investments in nearfuture.

With warm regards

Chairman