GECs
‘Jassi’s…’ plot transiting to some serious drama
MUMBAI: Well, for Jassi Jassi Koi Nahi the track has been built and the flagship show of Set India is ready to move ahead into some real drama.
After its one hour special last night; celebrating one year on air, starting tonight, the confusion between lead character Jassi and spurned suitor Purab is finally sorted out when Purab walks into Jassi’s birthday bash with a cake and it then moves on to Jassi’s realisation of what that gesture essentially meant.
What’s next is the queen of hearts moves on to becoming the queen of the boardroom, with Jassi demanding that big boss Armaan make her CEO of Gulmohar. With her ultimatum of either CEO or out; Armaan is left with no choice but to bestow her with the coveted title.
Jassi is then challenged by key rivals like Mallika and Aryan who ensure her already uphill task gets even tougher. Also, one sees Jassi face trials and tribulations in her attempts to recoup the lost money of the fashion house as well as her endeavours in ensuring improvement of the company’s financial status.
This then leads to Jassi’s transformation. No, not her looks as yet! It’s the transformation of a more confident, more wary and street smart woman who finally starts to understand the cruel ways of the world. Finally, Jassi sheds her innocence.
Speaking to indiantelevision.com, Sony’s EVP programming and response Tarun Katial says, “It’s exciting, innovative and an interesting time at Jassi… where the well talented supposed ugly duckling gets a chance to prove her mettle.”
Jassi..’s ratings have been dipping lately and is not as up there as it used to be. When questioned on this Katial says, “Yes, there has been a slight dip, as people have been waiting for some zing and spike. Also, every track has a setting up phase and then progresses into full blown drama. The show was a build up till date and will now move on to a different zone.”
So, Jassi is in transit right now. Maybe once the show reaches destination drama, the ratings scene at the Jassi.. pad will look a lot more colourful.
GECs
Sahara One reports financial results, notes director exit and business realignment
Muted revenues, steady expenses and strategic adjustments shape company’s current phase
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease.
The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at just Rs 0.13 lakh, unchanged sequentially and sharply down from Rs 0.26 lakh a year earlier.
Losses, meanwhile, deepened. The company posted a net loss of Rs 24.16 lakh for the quarter, compared to Rs 18.81 lakh in the June quarter and Rs 39.69 lakh in the same period last year. For the six months ended September 2025, the cumulative loss stood at Rs 39.69 lakh, while the full-year loss for FY25 was reported at Rs 60.72 lakh.
Expenses continued to outweigh income by a wide margin. Total expenses for the quarter came in at Rs 24.30 lakh, led by employee benefit costs of Rs 6.51 lakh and other expenses of Rs 17.78 lakh. Earnings per share remained in the red at Rs (0.11) for the quarter.
The balance sheet reflects a company with significant assets on paper but limited operational momentum. Total assets stood at Rs 23,065.57 lakh as of September 30, 2025, broadly unchanged from March 2025. Equity share capital remained steady at Rs 2,152.50 lakh, while total equity was reported at Rs 18,004.85 lakh.
Cash and cash equivalents saw a modest uptick to Rs 6.75 lakh from Rs 4.68 lakh earlier, supported by a positive operating cash flow of Rs 180.01 lakh for the period.
Yet, beneath these numbers lies a more complex narrative. The company’s auditors flagged their inability to obtain sufficient evidence to form a conclusion on the financial statements, citing lack of access to records. They also raised concerns over the company’s ability to continue as a going concern, pointing to insufficient funds, delayed recoveries, and stalled content investments.
Adding to the governance overhang, the company disclosed that Rana Zia has resigned as whole-time director, effective October 16, 2025, citing other professional commitments. The resignation, noted and accepted by the board, also brings an end to her role across company committees.
Regulatory pressures continue to loom large. The Securities and Exchange Board of India has already initiated penal actions for non-compliance with listing norms, with trading in the company’s shares remaining suspended. There is also a risk of promoter demat accounts being frozen.
Legacy legal issues remain unresolved. A substantial deposit of Rs 694,027.88 thousand linked to the long-running OFCD dispute involving Sahara group entities is still under the purview of the Supreme Court of India. Restrictions on asset disposal continue to weigh on the company’s financial flexibility.
Operationally, challenges persist across multiple fronts. Advances worth Rs 1,92,916 thousand given for film content remain stuck, with delays in project completion and uncertain recoverability. The company’s YouTube channel, despite being operational, has generated no revenue for over three years due to compliance lapses. In a further twist, management has indicated that revenues may have been fraudulently diverted through unauthorised changes to its AdSense account, with a police complaint in the works.
There are also missed revenue opportunities. Television content rights continue to be used by a related party despite the expiry of the licence agreement, with fresh negotiations still underway.
For now, Sahara One Media and Entertainment Limited appears caught between legacy disputes and present-day operational hurdles. As losses linger and governance questions mount, the road to recovery looks less like a sprint and more like a slow trudge through shifting sands.
