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‘Kahaani…’ set to mark two years and counting

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MUMBAI: “Interactivity” is the buzz word in the television industry today. And keeping to that track, Star Plus has big plans to celebrate the 2nd anniversary of its melodramatic family saga Kahani Ghar Ghar Ki (KGGK).

The online promo of the serial calling out to viewers who feel that their family resembles the Agarwal joint family, or have had similar experiences, got an overwhelming response, says the show’s creative head, Meetu. The three families selected will feature in a special anniversary episode wherein they will discuss how the members actually identify with the characters of the serial and give their frank opinions about them.

“The winners will get to make a wish which will be fulfilled by the KGGK team,” the online promo goes.

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“The main objective of this special episode is to show how the serial has formed a bonding with the audience. The contest aims to show that families like the Agarwal family shown in KGGK actually exist. Thus all accusations that serials such as these are regressive, are baseless,” asserts Meetu. “Families like these exist, maybe in small towns, but they do exist. Moreover, they form about 80 per cent of our audience,” says Meetu. “We intend to felicitate and honour such real life experiences and families, by dedicating an entire episode to them,” she adds. This special episode will be aired on 16 October.

“The second special episode will be an emotional trip down memory lane where the characters in the serial share their experiences with the viewers,” says Meetu. This episode will be aired on 17 October 2002.

According to AC Nielsen’s latest TAM Ratings, Meetu says the family saga has a 10.19 rating among the primetime shows. The soap premiered on 16 October 2000.

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As to what lies ahead for this long-running hit soap, Meetu asserts the story still has a long way to go. “There are many surprises and twists in the story waiting to unfold,” she says.

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GECs

Sahara One reports financial results, notes director exit and business realignment

Muted revenues, steady expenses and strategic adjustments shape company’s current phase

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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.

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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.

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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.

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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.

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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.

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