GECs
Hyderabad-based IT engineer arrested for copyright violation of Viacom18’s content
New Delhi: Maharashtra Cyber Police has arrested a 28-year-old Hyderabad-based IT engineer for alleged copyright violation of Viacom18’ content using a standalone pirated application called Thop TV.
According to police, the accused named Satish Venkateshwarlu was allegedly relaying and transmitting the network’s content without authorization at a discounted price through a mobile app called ‘Thop TV’, and thus causing a substantial revenue loss to the network.
The accused was arrested under Sections 43, 66 and 66B of the Information Technology Act, 2000, Section 63 of Copyright Act, and Section 420 and 34 of the Indian Penal Code (IPC). He was produced before the court which remanded him to six days of police custody for further investigations.
The probe was initiated after Viacom18 filed an official complaint with Maharashtra Cyber against the “rogue, standalone” mobile application, which was relaying and transmitting their copyrighted content such as movies, TV shows and VOD content at a discounted rate, thus causing substantial revenue loss to the company.
Superintendent of police, Sanjay Shintre said, “After the initial technical investigation, it was noticed that the accused, a highly educated IT engineer from Hyderabad developed a mobile application named ‘Thop TV’ and pirated Viacom18’s content through Telegram, a social media intermediary. The app has lakhs of viewers, including 5,000 paid subscribers, thereby generating massive revenue for the app.”
Speaking on this development, a Viacom18 Spokesperson said, “Piracy is a matter of grave concern for the media industry and one that needs to be addressed constantly. It is important to acknowledge that digital piracy is a serious offence which causes huge losses to the digital economy. Viacom18 will continue to fight this menace and secure its content through all means available under law. We are grateful to the Office of the inspector general of police Maharashtra Cyber for their constant vigilance and timely support towards curbing piracy and copyright violation.”
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.
