GECs
Sony LIV’s first Malayalam original – Jai Mahendran, goes on floor
Mumbai: Sony LIV has carved out a niche for itself through its Indian content and Hindi and regional language narratives. After introducing critically acclaimed originals in Tamil and Telugu, Sony LIV ventures into Malayalam with Jai Mahendran, an exciting political drama.
The show focuses on the life of Mahendran, a manipulative officer who believes in getting things done through powerplay and by use of his influence within the system. However, his freedom within the office comes to a halt and his ideologies get challenged, as he becomes the victim of the same powerplay. In an attempt to safeguard his job and restore his reputation, he plans to sabotage an entire system to his advantage. Will Mahendran succeed in pulling off his master plan?
Jai Mahendran is helmed by the National and State Award-winning filmmaker Rahul Riji Nair as writer, producer and showrunner and the show is directed by Srikanth Mohan. The show features cast that includes Saiju Kurup, Suhasini, Miya, Suresh Krishna, Maniyanpilla Raju, Balachandran Chullikad, Vishnu Govindan, Sidhartha Siva and Rahul Riji Nair in pivotal roles.
With its unique storyline and stellar cast, it promises wholesome entertainment for the viewers.
Sony LIV head of content Saugata Mukherjee said, “The joy of creating content for India is that it allows us to make shows in different Indian languages with a diverse set of storytellers. Each language helps us bridge cultures, understand different perspectives and build meaningful connections. With Jai Mahendran we continue our mission to diversify our content library. It also allows us to celebrate different cultures and unique voices. We are delighted that our journey with Malayalam Originals has begun and we hope we can keep telling inspiring stories.”
Nair said, “Our goal with Jai Mahendran is to provide a balanced portrayal of the life of an officer from various viewpoints. The system can be exceedingly complicated with various regulations and powerplay at different levels. Through Jai Mahendran, we aspire to illuminate a topic that is both relatable and entertaining for the audience.”
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.
