You are here » Home » Companies » Company Overview » Raj Television Network Ltd

Raj Television Network Ltd.

BSE: 532826 Sector: Media
NSE: RAJTV ISIN Code: INE952H01027
BSE 00:00 | 26 Feb 38.10 -1.35
(-3.42%)
OPEN

38.00

HIGH

39.20

LOW

38.00

NSE 00:00 | 26 Feb 38.00 -1.35
(-3.43%)
OPEN

40.00

HIGH

40.00

LOW

37.00

OPEN 38.00
PREVIOUS CLOSE 39.45
VOLUME 404
52-Week high 52.90
52-Week low 30.80
P/E 31.23
Mkt Cap.(Rs cr) 198
Buy Price 36.10
Buy Qty 25.00
Sell Price 39.00
Sell Qty 12.00
OPEN 38.00
CLOSE 39.45
VOLUME 404
52-Week high 52.90
52-Week low 30.80
P/E 31.23
Mkt Cap.(Rs cr) 198
Buy Price 36.10
Buy Qty 25.00
Sell Price 39.00
Sell Qty 12.00

Raj Television Network Ltd. (RAJTV) - Chairman Speech

Company chairman speech

Dear Shareholders

It's my pleasure to extend a Warm Greetings to you all!

I take the pleasant privilege of addressing you on the occasion of the 24thAnnual General meeting of our company.

The year 2017-18 witnessed the imminent implementation of GST and the Implementationof GST hampered the growth of M&E industry during the year just as it was recoveringfrom the lingering impact of demonetisation. These policy actions had a temporary negativeimpact on the growth trajectory but we believe that they will aid the longterm growth ofthe industry. Strong economic growth rising disposable income and discretionary spendscoupled with low entertainment consumption in the country presents a favourable landscapefor the industry. At Raj Television Network limited F.Y. 2017-18 we maintained a steadygrowth across all quarters and reported revenue of Rs.63.40 Crores with EBITDA of Rs.12.16Crores. Despite pricing challenges and increasing costs we were able to maintain theperformance level. We are confident that we will be able to continue on the path ofaugmenting shareholder value.

We are in the midst of refreshing our digital offering consolidating the learningsfrom our subscription and advertising- based platforms. During the Current year yourcompany plan to increase our content contribution In-house Production of Contents majorlySerials in Tamil language covering different Genres. Healthy advertising revenues areexpected from the new content infusion. Your company is exploring various other deliveryplatforms such as direct to handheld and various other OTT technologies. All these newinitiatives are expected to augment the income substantially and help to post betterresults in this year.

I take this opportunity to thank all their valued customers business associates andvendors for their kind support. I place on record the appreciation of the contributionmade by employees of the Company at all levels that has contributed to your Company'ssuccess and remain in the forefront of media and entertainment business. I thank andexpress my gratitude for the support and co-operation received from the Central and StateGovernments / regulatory authorities viz. the Ministry of Information & Broadcastingthe Department of Telecommunication Ministry of Corporate Affairs Reserve Bank of IndiaSecurities and Exchange Board of India Foreign Investment Promotion Board the StockExchanges and Depositories and other stakeholders including viewers producers vendorsfinancial institutions banks investors Service providers and all our stakeholders. Ialso place on record their appreciation of the tireless efforts of Team RAJTV a dedicatedand loyal band of people who have displayed unswerving commitment to their work in thesechallenging times and helped the Company deliver good results.

I thank our Board of Directors for their support and exemplary guidance. I also takethis opportunity to express my gratitude to all our stakeholders who continue to reposefaith and trust in us over the years. Further with my whole heart I sincerely thank allour shareholders who continued their support over these years without which our companywould not have grown to this size.

Warm Regards

(Raajhendhran. M)

Chairman and Managing Director

Raj Television Network Limited

(CIN: L92490TN1994PLC027709)

Regd. Office: No.32 Poes Road Second Street

Teynampet Chennai - 600 018 Tel: 044-24334149/50

Email: redressal@rajtvnet.in Website: www.rajtvnet.in