GECs
Sahara Sangeet Awards on SaharaOne
MUMBAI: Sahara Sangeet Awards 2004, held at the Royal Albert Hall in London, will be shown on 10 October at 7:30 pm on SaharaOne channel.
The event was held in honour of the musical geniuses of Indian popular music.
According to an official release, the Sahara Sangeet Awards will showcase performances of Hrithik Roshan, Yana Gupta and Sameera Reddy, along with the choreographer Shiamak Davar, and his dance troupe and Asian music sensation – the Rishi Rich Project from London.
The jury panel comprised personalities from the film and music fraternity like Shyam Benegal, Ramesh Sippy, Saapna Mukherjee, Sameer, Himmesh Reshammiya, Ken Ghosh, Viju Shah, Shiamak Davar and Raju Singh. The panel judged and voted on the nominations and selected the final award winners.
The award function saw the attendance of Shabana Azmi, Feroz Khan, Javed Akhtar, Shankar Ehsan & Loy, Jatin Lalit, David Dhavan, Remo Fernandes, Sunidhi Chauhan amongst others.
The award details:
Javed Akhtar scored a hat trick with awards for best lyrics in pop music category for O Sahiba, best lyrics category (critics award) and best lyrics in the film music category for the title song in blockbuster Kal Ho Naa Ho.
The legend’s honour went to music director Anandji of Kalyanji-Anandji fame while the music composer AR Rahman won awards for best music director (film music-Yuva) and best music arranger (critics award) for Yeh Rishta in the film Meenakshi.
Playback singer-cum-music director Shankar Mahadevan claimed honours for best male singer and best album award and later along with Ahsan and Loy won prizes in the best song category for Kal Ho Na Ho and the best music director award. The awards for best film song and best new voice in film music went to Fateh Ali Khan for Rahaat .
Other award winners were Awadoot Gupte (best new voice in pop music), Strings (best pop group,) Aksar (best song), H Sridhar and S Shivkumar (best sound recordist – critics award for the film Yuva), Ram Sampad (best music programmer -critics awards for the film Khakee), Sunidhi Chauhan (best playback female singer in Chameli), Amir Jamal (best male playback singer in Murder), Jatin Lalit (most popular choice award for soundtrack in Hum Tum), Alka Yagnik (best playback female singer in Tere Naam) and Udit Narayan (best male playback singer in Koi Mil Gaya).
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.
