GECs
DP World ILT20 Season 2 to air LIVE on ZEE’s linear channels & OTT platform ZEE5 from Jan 2024
Mumbai: Zee Entertainment Enterprises Limited (ZEE) announced that the second season of the world’s second most watched T20 cricket league – DP World ILT20, sanctioned by the Emirates Cricket Board., The action packed tournament will air LIVE across the Company’s linear channels and OTT platform ZEE5 from Jan, 2024.
Synonymous for its ground-breaking content, ZEE is committed to provide an even grander presentation of the 34-match format DP World ILT20. The second season promises enthralling cricket action in Abu Dhabi, Dubai and Sharjah in January and February 2024 with the finest players from the cricketing world being retained by the six franchises – Abu Dhabi Knight Riders, Desert Vipers, Dubai Capitals, Gulf Giants, MI Emirates and Sharjah Warriors.
Zee Entertainment Enterprises Ltd., president- business, Rahul Johri said, “We are delighted with the overwhelming response DP World ILT20 received in its first season, generating a massive 367 million worldwide reach across TV and Digital platforms. The second season comes with an even bigger promise of an unparalleled cricketing action with the world’s top T20 cricketers retained by the six teams. DP World ILT20 Season 2 will continue to entertain viewers not just in India but across the world and build our sports business.”
General secretary ECB Mubashshir Usmani, commented, “DP World ILT20’s inaugural season was a roaring success. The tournament made waves worldwide through the presence of T20 superstars, quality cricket, world class production and a broadcast partnership which generated a reach of more than 367 million across TV and digital platforms. We are once again delighted to partner with Zee Entertainment Enterprises Limited for Season 2 and our aim is to even better the outstanding broadcast numbers from India and around the world that we gathered from the inaugural season.”
Abu Dhabi Knight Riders have retained the T20 star Andre Russell and last year’s captain, and the prolific spinner Sunil Narine. Other retained players include Joe Clarke, Charith Asalanka, Marchant De Lange, Ali Khan, Sabir Ali and Matiullah Khan.
Desert Vipers, the finalists of Season 1, have retained the inaugural season’s top-scorer Alex Hales and the captain Colin Munro. Other retained players from the previous season are Wanindu Hasaranga, Sherfane Rutherford, Tom Curran, Luke Wood, Matheesha Pathirana, Rohan Mustafa, Sheldon Cottrell, Dinesh Chandimal, Gus Atkinson and Ali Nasser.
Dubai Capitals have retained the West Indian player, Rovman Powell and England’s stalwart Joe Root. The franchise has also retained Dushmantha Chameera, Sikandar Raza and Raja Akifullah Khan.
Champions, Gulf Giants have retained the captain James Vince and Best Bowler of the Tournament Chris Jordan. Chris Lynn, Shimron Hetmyer, Carlos Brathwaite, Jamie Overton, Richard Gleeson, Rehan Ahmed, Gerhard Erasmus, Aayan Afzal Khan and Sanchit Sharma have also been retained by the franchise.
MI Emirates retention list is led by Kieron Pollard and highest T20 wicket taker Dwayne Bravo. The other retained players from Season 1 include Nicholas Pooran, Trent Boult, Muhammad Waseem, Zahoor Khan, Daniel Mousley, Fazalhaq Farooqi, Jordan Thompson, Will Smeed, Mckenny Clarke, and Andre Fletcher.
Sharjah Warriors have retained bowling all-rounder Chris Woakes and batsman Joe Denly. Tom Kohler-Cadmore, Mark Deyal, Junaid Siddique and Muhammad Jawadullah are the players who have also been retained.
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.
