GECs
Wireless Logix to accelerate India operations
MUMBAI: US-based Wi-Fi solutions provider Abbas Sadriwalla’s Wireless Logix Group expects to increase India revenues to $ 5 million over the next 12 months. Sadriwalla has initiated a big push into the south Asian region, which he believes is now ready for rapid Wi-Fi adoption.
Sadriwallas group of 7 companies offer a full bouquet of Wi-Fi technologies and solutions that help enterprise, telecoms and Internet Service Provider (ISP) customers to increase operational efficiencies, add value to their offerings and tap new market segments.
Comments Sadriwalla, These are very exciting times for India, any which way you look at it. And we want to be a part of this excitement. We have several innovative and robust technologies which are appropriate for the Indian market, and we are committed to investing in the opportunity here, both for our own long term growth and also for the social and economic impact we can have on India. Our video-conferencing technology, our VoIP solutions, our work flow management solutions, and our wide range of asset management solutions, all of which work off wireless platforms, could potentially change the way education and health care are delivered, the way people communicate, the way assets of all kinds are tracked and managed, and the way work is managed. These technologies speak to some of Indias most pressing social and economic issues and they hold out the possibility of rapid change, thus helping India to leap frog to higher levels of development.
The Wireless Logix Group made its first foray into India in early 2004, and has since established a beach head in the shipping industry with a proof-of-concept installation of a low cost wireless asset management solution inside the Mumbai port. Discussions are currently underway with several Indian companies with a view to forging partnerships to tap opportunities in India and the Asian region.
We are seeking to buy into local companies and also forge reseller relations with qualified vendors here. Our discussions are at an advanced stage and we are confident that we will be able to push aggressively into the Indian and Asian market with these partnerships, adds Sadriwalla.
The company posted revenues of USD 20 million (Rs 900 million) in 2004, and is ranked as a leader in the North American Wi-Fi technology space, informs an official release.
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.
