GECs
Zee TV’s ‘Kumkum Bhagya’ launches on April 15
MUMBAI: Narrating tales that have captivated audience attention for almost two decades now, the master storyteller Ekta Kapoor is back with a new offering on Zee TV. Her new show ‘Kumkum Bhagya’ launches on 15th April at 9 PM, this time replacing her own immensely successful show ‘Pavitra Rishta’ on the channel. Based loosely on Jane Austen’s classic ‘Sense and Sensibility’, ‘Kumkum Bhagya’ is its Indian interpretation, following the life of a Punjabi matriarch Sarla Arora who runs a marriage hall and lives with the hope of seeing her two daughters Pragya and Bulbul who’re poles apart, happily married some day! Known for making shows that are women-centric, the pivotal characters of this new show are a bunch of strong, feisty women, living together in an all-female, matriarchal family.
Sriti Jha plays the character of Pragya, the elder sister, who is practical, hardworking and committed to supporting her family … though she’s barely finished her own studies, she teaches at a college to ensure that her mother Sarla’s (Supriya Shukla) meager earnings from the ‘Kumkum Bhagya’ marriage hall never fall short in making the two ends meet. In the midst of all this pressure on her, she’s forgotten how to unwind or pursue any passions of her own. Mrunal Thakur plays Bulbul, the younger sister who has her head in the clouds. She’s vivacious, smart, stylish and a complete dreamer. It barely occurs to her to snap out her own make-believe, rose-tinted world and be of any real use to her family. She idolizes the ruling heartthrob of the country, Rockstar Abhi. Actor-turned-producer Shabir Ahluwalia, who has shied away from facing the camera since 2012, has been roped in to play Rockstar Abhi with a cult following of his own. Faisal Rashid will be seen as Suresh, the college professor who works closely with Pragya (Sriti Jha). Having led a tough life in the military and lost most of his close ones, he is an embittered soul with much angst and pent-up frustration about life. It remains to be seen how the lives of these two men intertwine with the Arora girls and change their destinies forever!
Talking about introducing a fresh concept on primetime, Zee TV Programming Head – Namit Sharma said, “It takes one epic show to replace another, so you can imagine the faith we have in Kumkum Bhagya, as a property, to replace a show that has been extremely special to Zee for over 4 glorious years. Pavitra Rishta has given Indian television audiences their most sought-after dinner table companions in Manav and Archana – star-crossed lovers that millions of viewers have loved, and idolized. Kumkum Bhagya is another extremely engrossing story from a Punjabi mohalla in Mumbai. It talks of a matriarch and her quest to find ideal grooms for her daughters who’re as different as chalk and cheese. Deriving its core from Sense and Sensibility, Ekta has Indianized it beautifully. It’s a passionate drama of love, a far cry from regular saas-bahu soaps and has an ensemble cast of some very talented actors.”
With ‘Kumkum Bhagya’ slated to air at 9 PM from the date of its launch on Zee TV, ‘Pavitra Rishta’ will now be aired Monday – Friday at 6:30 PM on the channel. Talking about the time shuffle amongst her projects on Zee TV, Ekta says, “While two of my shows (Pavitra Rishta and Jodha Akbar) are already on-air and doing immensely well on Zee TV, it’s a pleasure to extend my partnership with Zee to a third show. ‘Pavitra Rishta’ has had a run of over 4 years now and the journey has been most gratifying for me as a producer. While the audiences who are hooked on to ‘Pavitra Rishta’ will continue to enjoy the show at 6:30 PM, ‘Kumkum Bhagya’ will open at 9 PM, drawing maximum eyeballs. Kumkum Bhagya is so contemporary in its treatment that viewers will be able to instantly spot characters out of their own lives in the show. It’s a story of passionate love that anyone with a soul would be able to easily relate to.”
Speaking of his comeback as an actor, Shabir says, “With me producing shows, it was getting very difficult to manage time for acting assignments. But now, I have decided to concentrate on acting. You can’t be away from what you love doing for long. The role appealed to me a great deal. This is the first time that I will be playing a rockstar on television and in order to look my part, I had to ensure that I did not just get my costume and look right, but also get that attitude right that is required to portray a rockstar onscreen.”
Ekta Kapoor’s association with Zee TV dates back to almost two decades ago when the partnership produced one of the greatest successes of satellite television – Hum Paanch. Her soaps, be it Kasamh Se, Pavitra Rishta or Jodha Akbar – the latest historical to rule the roost on Indian television, have been universally appreciated and have enjoyed long, glorious runs on the tube.
Starting 15th April, stay tuned to Kumkum Bhagya at 9 PM every Monday-Friday, only on Zee TV!
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.
