GECs
Insat 4A orbit raised further
MUMBAI: The Indian Space Research Organisation’s (Isro) telecommunications satellite Insat 4A’s orbit has been raised further. In the second orbit raising manoeuvre conducted at 1.24 pm on 24 December 24, the Liquid Apogee Motor (LAM) on board Insat 4A was fired for 42 minutes by commanding the satellite from Master Control Facility (MCF), Hassan.
With this LAM firing, Insat 4A perigee (closest point to the earth) has been raised to 31479 km. The apogee height remains at 36,008 km and the inclination of the orbit with respect to the equatorial plane has been reduced from 0.85 deg to the present 0.12 deg. Insat 4A now has an orbital period of 22 hours 13 minutes. The satellite will now be in the continuous radio visibility of MCF-Hassan.
Insat 4A was launched by European Ariane-5 launch vehicle on 22 December, 2005 from Kourou, French Guyana. The launch vehicle had placed Insat 4A in an orbit with a perigee (closes point to the earth) of 622 km and apogee (farthest point to earth) of 36,152 km.
The first orbit raising manoeuvre carried out from MCF, Hassan on 23 December had put the satellite in an intermediate orbit of 13733 km perigee and 36,008 km apogee.
The satellite came within the radio visibility of MCF this morning at 07.19 am and all the necessary operations like earth acquisition and gyro calibration were carried out before the second orbit raising manoeuvre was started.
The next orbit manoeuvre to place Insat 4A in near Geosynchronous Orbit is planned on 26 December, 2005. Deployment of the two solar panels and the two antennas will be carried out subsequently.
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.
