GECs
Vogue celebrates six years in India with Frieda Pinto
MUMBAI: Vogue India completes six years in India this October, marking the milestone with a special issue dedicated to the infinite magic of black.
The anniversary issue has actress Freida Pinto as the cover girl, playing the perfect muse to the theme.
The magazine shares adventures of interesting personalities that start their work shift post 6:00 pm in ‘Midnights children’. ‘A study in black’ has the world’s most renowned designers share their love for black. Other than the ode to black in fashion, celebrities throw light on must-see hangouts in popular cities for the story, ‘Bright lights big city’. The anniversary issue also features a list of 50 selected scary movies and books over time for enthused readers.
Vogue launched in India in 2007 as the country’s ultimate fashion bible, helmed by editor Priya Tanna. The magazine has grown from strength to strength over the years and the success story is evident by the increase in print run from 50,000 to 60,000 copies.
Speaking on spearheading Vogue in India over the last six years, Priya Tanna said, “The last six years have been enthralling, inspiring and gratifying. Launching Vogue in India has been a journey that’s nothing short of incredible. We have evolved from amagazine to a multi-media brand through the years and even in our new avatar we endeavour to curate the best of Indian and international fashion for our readers. I am particularly excited about this Anniversary issue- our tribute to black. In the past we’ve surveyed many themes, but never one that has elicited as varied a range of interpretations, discussions and opinions as this one. From dark to decadent and from mysterious to magical, the issue celebrates fashions most ubiquitous hue.”
Vogue India’s foray in the digital space took place with the launch of vogue.in in 2010, offering its readers the best in fashion and lifestyle in the virtual world at their fingertips. The launch of mobile applications like Vogue 365 and Vogue Stylist further enhanced the magazine’s digital footprint. The digital edition is available on Magzter, Zinio and Readwhere.
The magazine’s Twitter and Facebook pages are equally popular with almost 66k followers and about 45k likes respectively to date.
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.
