GECs
Pixcom announces management team elevations; also 14 Prix Gémeaux nominations for Indefensible
Mumbai: Pixcom president & executive producer Nicola Merola, and senior VP content and creative affairs, & executive producer Charles Lafortune announced company news including the elevation of five key management positions, and also that the company received 14 Prix Gémeaux Nominations for its top-rated daily legal drama series Indefensible – the most nominated TV series, of all categories combined, for the upcoming Prix Gémeaux Awards which take place in September 2023. Indefensible is distributed internationally by Calinos Entertainment. Pixcom also announced that their partner Beta Film sold Pixcom’s multi-award-winning dramedy series, Audrey’s Back to Dubai TV.
Pixcom announced the elevation of five key staff members – Véronique Voyer promoted to VP legal and business affairs; Andrée-Anne Quimper promoted to VP corporate finance and administration; François-Étienne Parent promoted to VP creation and content; Marie-Ève Paré promoted to VP production accounting and financing. Pascale Bilodeau has been promoted to VP postproduction operations, equipment and IT.
Indefensible is a critically-acclaimed fast-paced, daily legal drama series that plunges viewers into the fascinating world of the Lapointe-Macdonald law firm and its criminal defense team. Indefensible is the most popular scripted series on TVA, reaching over 1.5M viewers daily, 4 days a week, for 30 weeks A YEAR, with a 35 % market share.
Additionally, Pixcom shares the news that Beta Film licensed its global award-winning dramady series, Audrey’s Back, to Dubai TV which broadcasts in Middle Eastern territories, such as Egypt, Morocco, Tunisia, Yemen, Oman, United Arab Emirates, among others. Audrey’s Back aired in Italy on RAI in June of this year, and in France on Canal+ in April.
Audrey’s Back follows a woman who, after sixteen years, awakens from a coma that resulted from a hit-and-run accident when she was 17 years old. Watching Audrey regain her memories and triumph over basic tasks sparks everyone around her to reawaken the spirit of their own joy they too thought was lost that fateful night. Awards 2022: CANNESERIES, Denver Colorado’s SeriesFest, Content London’s Hot Picks, and Banff/Rockie Awards, as well as multiple Gémeaux Awards.
Merola & Lafortune stated, “Pixcom is thrilled to have such fantastic news to share: We welcome Véronique, Andrée-Anne, François-Étienne, Marie-Ève and Pascale to our management team with well-deserved promotions. Their dedication, passion and creativity have strengthened Pixcom and position us for even further company growth. We are also pleased that our partner Beta Film continues to share our prized Audrey’s Back with more places – this time Dubai TV acquired the series for several Middle-East territories. And to top everything off, we are honoured that our exciting, daily drama series, Indefensible, received 14 Prix Gémeaux Award nominations, our production team really deserves this recognition.”
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.
