GECs
Water Kingdom rolls out Summer Fiesta
Mumbai April 03: Water Kingdom, Asia’s largest theme water rolls out a never before summer fiesta this season. Celebrating eight happy years of enthralling crowds from all over India who make Water Kingdom their “must see, must do” destination place, fun and frolic is the anthem for this years celebrations. In keeping with its 8th Anniversary celebrations which rolled-out in mid-April with “Nach Le”, a musical extravanganza with a host of popular celebrities, Water Kingdom has outlined eight week-long week-ends of singing and dancing. So in the midst of all the water splashing there’s some trendy music to gyrate to, promising Water Kingdom patrons a respite from the heat and dust of city life.
So much for beating the heat this hot summer season!
Come May 7th and Water Kingdom has popular artist Mikka stir up an emotional frenzy, with loads of surprises. At Water Kingdom it’s not only the musical concerts that promises to be entertaining……it’s also the sheer delight of splashing around the many, many theme water rides with family and friends.
An entire calendar has been outlined to make this entire summer season a truly family break-away package. There are great live performances from the artists like Bombay Vikings, Mikka, Saru Maini and Avdhoot Gupte to name some, over the next couple of Sundays.
We invite you to join in the fun at Water Kingdom and have your readers accordingly informed, through your engagement columns and have outlined the calendar of events for this fiesta:
Date
Name of Artists
7th May
Mikka
14th May
Meet Brothers, Shabani Kaashyap
21st May
Bombay Vikings, Deepa Chari
28th May
Band of Boys, Sonu Kakkar, Crazy Cat
4th June
Kailash Kher, Kainaz
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For media passes and for added information for print, do get in touch with the undersigned:
Samanta Singh Khumanthem
Brodeur India
Tel: 022 2659 2222
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.
