Date: May 21, 2015 21, May Date: Director CEO & Director Managing

Sunil Sharma Sunil Goenka Punit Place: Place:

For and on behalf of the Board of Directors of Board the of behalf on and For

0 (Zero) denote amounts less than a million a than less amounts denote (Zero) 0

Note A :- There is significant influence due to percentage (%) of Share Capital Share of (%) percentage to due influence significant is There :- A Note

5,000 5,000 31-Mar-15 Limited Thailand Today Asia - A Note Refer - 0 6 25.00% 1

522 522 31-Mar-15 Limited Private Media and Web Shop Idea - A Note Refer - (0) 3 38.61% 21

1,321,200 1,321,200 31-Mar-15 Limited Aplab - A Note Refer - (37) 34 26.42% 5

2,500,000 2,500,000 31-Mar-15 Limited Private Enterprise Pro Media - A Note Refer - 38 96 50.00% 25

Balance Sheet Balance Venture Joint Date Sheet consolidated influence

Consolidation

as per latest audited audited latest per as % Holding Associates/ Balance venture is not not is venture significant is Consolidation

Name of Associates/Joint Ventures Associates/Joint of Name Numbers Considered in in Considered

to Shareholding Shareholding to of Extent in Investment audited associate/joint associate/joint there how of in Considered

Not Not

Networth attributable attributable Networth of Amout Latest Reason why why Reason Description

by the company on the year end year the on company the by

Profit / Loss for the year the for Loss / Profit

Shares of Associate/Joint Venture held held Venture Associate/Joint of Shares

Millions) ( `

Part “B” : Associates and Joint Venture Joint and Associates : “B” Part

As on 31 March 2015 BS Rate 1 USD = = USD 1 Rate BS 2015 March 31 on As 5.18, 1 GBP = = GBP 1 5.18, = ZAR 1 17.04, = UAE 1 10.23, = YUAN 1 1.72, = MUR 1 62.60, 49.51 = CAD 1 1.08, = RUB 1 92.87, ` ` ` ` ` ` ` `

As on 31 March 2015 PL Rate 1 USD = = USD 1 Rate PL 2015 March 31 on As 5.52, 1 GBP = = GBP 1 5.52, = ZAR 1 16.64, = UAE 1 9.93, = YUAN 1 1.94, = MUR 1 61.11, 53.70 = CAD 1 1.35, = RUB 1 98.41, ` ` ` ` ` ` ` `

$ Held through ZMWL through Held $ EVPL through Held # Limited TV Asia through Held ** ATL through Held ^

Eevee Multimedia Inc. # Inc. Multimedia Eevee - - 14 8 (22) 16 USD 100% - (21) 0 (21) -

Zee TV South Africa (Proprietary) Limited ^ Limited (Proprietary) Africa South TV Zee - - 422 41 (381) 0 ZAR 100% - (161) - (161) 45

ATL Media FZ-LLC ^ FZ-LLC Media ATL - - 456 423 (34) 1 UAE 100% - (33) - (33) 162

Zee Middle East FZ-LLC ^ FZ-LLC East Middle Entertainment Zee - - 268 728 417 43 UAE 100% - 129 - 129 1,717

Zee Technologies (Guangzhou) Limited ^ Limited (Guangzhou) Technologies Zee - - 24 1 (139) 116 YUAN 100% - (20) - (20) 2

Zee Multimedia (Maurice) Limited ^ Limited (Maurice) Multimedia Zee - - 31 14 (17) 0 MUR 100% - (0) - (0) 4

Taj TV Limited ^ Limited TV Taj - - 6,022 6,090 (993) 1,061 USD 100% - (186) (11) (197) 5,080

Expand Fast Holdings (Singapore) Pte Limited ^ Limited Pte (Singapore) Holdings Fast Expand - - 37 147 106 4 USD 100% - 9 0 9 171

Asia Today Limited (ATL) Limited Today Asia 4,141 4,141 11,212 15,859 8,788 0 USD 100% - 960 140 1,100 6,311

Asia Multimedia Distribution Inc. ** Inc. Distribution Multimedia Asia - - 5 5 (0) 0 CAD 100% - (0) - (0) -

OOO Zee CIS LLC ** LLC CIS Zee OOO - - 55 41 (14) 0 RUB 100% - (12) (2) (14) 131

OOO Zee CIS Holding LLC ** LLC Holding CIS Zee OOO - - - - RUB - - - - - 100% - - -

Asia TV Limited $ Limited TV Asia 871 871 (735) 1,527 GBP 25 25 944 - 79 100% - 33 (8)

Zee TV USA Inc. $ Inc. USA TV Zee - - (63) 63 USD - - - - - 100% - - -

Zee Multimedia Worldwide (Mauritius) Limited (ZMWL) Limited (Mauritius) Worldwide Multimedia Zee 4,755 4,755 1,198 3,556 USD 82 82 - - 1 100% - 79 3

Zee Sports Limited Limited Sports Zee 2 2 (54) 1 INR (3) - - 55 100% - (3) -

Taj Television (India) Private Limited Limited Private (India) Television Taj 4,903 4,903 766 1 INR 758 758 2,071 - 4,136 100% - 498 260

Essel Vision Productions Limited (EVPL) Limited Productions Vision Essel 474 474 90 30 INR 46 46 1,619 - 354 100% - 31 15

India Webportal Private Limited Private Webportal India 193 193 (309) 241 INR (89) 404 - 261 51% - (89) -

Zee Turner Limited Turner Zee 263 263 74 1 INR (6) - - 188 74% - (85) 79

Taxation Subsidiary) shareholding

Assets Surplus Capital Currency for taxation for Liabilities Dividend taxation

Name of the subsidiary the of Name before before Turnover than (Other and % of of % and

Total Total & Reserves Share Reporting Total Total Proposed Proposed after Profit Provision

Profit Profit Investments Mode Mode

Millions) ( `

Part “A”: Subsidiaries “A”: Part

COMPANIES ACT, 2013 FOR THE YEAR ENDED MARCH 31, 2015 31, MARCH ENDED YEAR THE FOR 2013 ACT, COMPANIES STATEMENT CONTAINING SALIENT FEATURES OF THE FINANCIAL STATEMENT OF SUBSIDIARIES/ASSOCIATES/JOINT VENTURES AS PER THE THE PER AS VENTURES SUBSIDIARIES/ASSOCIATES/JOINT OF STATEMENT FINANCIAL THE OF FEATURES SALIENT CONTAINING STATEMENT investing in tomorrow in investing annexures to the directors’ report directors’ the to annexures

64 STATEMENT CONTAINING SALIENT FEATURES OF THE FINANCIAL STATEMENT OF SUBSIDIARIES/ASSOCIATES/JOINT VENTURES AS PER THE COMPANIES ACT, 2013 FOR THE YEAR ENDED MARCH 31, 2015 Part “A”: Subsidiaries (` Millions) Investments Profit Mode Reporting Share Reserves & Total Total Provision Profit after Proposed Name of the subsidiary (Other than Turnover before and % of Currency Capital Surplus Assets Liabilities for taxation taxation Dividend Subsidiary) Taxation shareholding Zee Turner Limited INR 1 74 263 188 - - (6) 79 (85) - 74% India Webportal Private Limited INR 241 (309) 193 261 - 404 (89) - (89) - 51% Limited (EVPL) INR 30 90 474 354 - 1,619 46 15 31 - 100% Taj Television (India) Private Limited INR 1 766 4,903 4,136 - 2,071 758 260 498 - 100% Zee Sports Limited INR 1 (54) 2 55 - - (3) - (3) - 100% Zee Multimedia Worldwide (Mauritius) Limited (ZMWL) USD 3,556 1,198 4,755 1 - - 82 3 79 - 100% Zee TV USA Inc. $ USD 63 (63) ------100% Asia TV Limited $ GBP 1,527 (735) 871 79 - 944 25 (8) 33 - 100% OOO Zee CIS Holding LLC ** RUB ------100% OOO Zee CIS LLC ** RUB 0 (14) 41 55 - 131 (14) (2) (12) - 100% Asia Multimedia Distribution Inc. ** CAD 0 (0) 5 5 - - (0) - (0) - 100% Asia Today Limited (ATL) USD 0 8,788 15,859 11,212 4,141 6,311 1,100 140 960 - 100% Expand Fast Holdings (Singapore) Pte Limited ^ USD 4 106 147 37 - 171 9 0 9 - 100% Taj TV Limited ^ USD 1,061 (993) 6,090 6,022 - 5,080 (197) (11) (186) - 100% Zee Multimedia (Maurice) Limited ^ MUR 0 (17) 14 31 - 4 (0) - (0) - 100% Zee Technologies (Guangzhou) Limited ^ YUAN 116 (139) 1 24 - 2 (20) - (20) - 100% Zee Entertainment Middle East FZ-LLC ^ UAE 43 417 728 268 - 1,717 129 - 129 - 100% ATL Media FZ-LLC ^ UAE 1 (34) 423 456 - 162 (33) - (33) - 100% Zee TV South Africa (Proprietary) Limited ^ ZAR 0 (381) 41 422 - 45 (161) - (161) - 100% Eevee Multimedia Inc. # USD 16 (22) 8 14 - - (21) 0 (21) - 100% ^ Held through ATL ** Held through Asia TV Limited # Held through EVPL $ Held through ZMWL As on 31 March 2015 PL Rate 1 USD = ` 61.11, 1 MUR = ` 1.94, 1 YUAN = ` 9.93, 1 UAE = ` 16.64, 1 ZAR = ` 5.52, 1 GBP = ` 98.41, 1 RUB = ` 1.35, 1 CAD = ` 53.70 As on 31 March 2015 BS Rate 1 USD = ` 62.60, 1 MUR = ` 1.72, 1 YUAN = ` 10.23, 1 UAE = ` 17.04, 1 ZAR = ` 5.18, 1 GBP = ` 92.87, 1 RUB = ` 1.08, 1 CAD = ` 49.51 Part “B” : Associates and Joint Venture (` Millions) Shares of Associate/Joint Venture held Profit / Loss for the year by the company on the year end Latest Amout of Networth attributable Description Reason why Not audited Investment in Extent of to Shareholding Considered in of how there associate/joint Name of Associates/Joint Ventures Numbers Considered in Balance Associates/ Holding % as per latest audited Consolidation is significant venture is not Consolidation Sheet Date Joint Venture Balance Sheet influence consolidated Media Pro Enterprise India Private Limited 31-Mar-15 2,500,000 25 50.00% 96 38 - Refer Note A - Aplab Limited 31-Mar-15 1,321,200 5 26.42% 34 (37) - Refer Note A - Idea Shop Web and Media Private Limited 31-Mar-15 522 21 38.61% 3 (0) - Refer Note A - Asia Today Thailand Limited 31-Mar-15 5,000 1 25.00% 6 0 - Refer Note A - Note A :- There is significant influence due to percentage (%) of Share Capital 0 (Zero) denote amounts less than a million For and on behalf of the Board of Directors

Place: Mumbai Sunil Sharma Date: May 21, 2015 Managing Director & CEO Director Annual Report2014-15 ACTIVITIES FORFY2014-2015 ANNUAL REPORT ONCORPORATE SOCIALRESPONSIBILITY(CSR) 5 4 3 2 1 Prescribed CSRexpenditure (twopercent ofthe financial years Average netprofit oftheCompanyforlast three The CompositionoftheCSRCommittee programs the weblinktoCSRpolicyandprojects or proposed tobeundertakenandareference to including overviewofprojects orprograms A briefoutlineoftheCompany’s CSRPolicy d) c) b) a) Details ofCSRspentduringFY average netprofits forlastthree years) Areas where spent Amount spent Unspent amount Amount tobespentinFY ` ` are itsMembers. & MrPunitGoenka,ManagingDirector &CEO while Prof SunilSharma,IndependentDirector Chairman istheofCommittee 3 Directors. Mr. SubodhKumar, ExecutiveVice The CSR Committee of the Board comprises of viewed onwww.zeetelevision.com The CSRPolicyoftheCompanycanbe Schedule VIIoftheCompaniesAct,2013. also undertakeanyotherCSRactivitieslistedin Besides thesefocusareas theCompanyshall Healthcare, Women empowermentandSports. CSR PolicywithprimaryfocusonEducation, Committee oftheBoard hadapproved a Act, 2013,theCorporateSocialResponsibility Pursuant toSection135oftheCompanies As detailedinAnnexure A ` ` ` 193 million 9,658 million 168 Million 25 Million 193 Million annexures tothedirectors’ report statutory reportsstatutory

65

Trust Trust Direct Bharat agency Bharati through through Direct or Direct Municipal University SIFE India India Trust centre and and centre in Millions) Lok Siksha Foundation Himgiri Zee Educational Shree Vedic Vedic Shree ` Corporation, ( implementing Mission Trust Agroha Vikas Agroha Osmosis Play Amount spent: games Library Marrow Donor Donor Marrow Registry (India) Parishad, New Room to Read Kochi Biennale Rashtriya Sewa VSPM Academy Punit Goenka 30.00 period 164.36 166.86 168.36 120.00 121.75 131.75 134.35 138.35 158.35 161.35 163.54 164.04 upto the reporting reporting Cumulative expenditure expenditure Managing Director & CEO Managing Director or 2.5 0.5 3.00 2.19 0.32 1.50 1.75 2.60 4.00 spent 20.00 30.00 90.00 10.00 on the Amount projects projects programs 0.5 2.5 wise 3.00 4.45 0.32 1.50 1.75 2.60 4.00 outlay 30.00 30.00 90.00 30.00 Amount (budget) project or project programs programs New Delhi Mumbai Rajasthan areas Tribal in the state of New Delhi Kochi, Kerala Projects or Projects programs or Local area specify other, the State and district where or projects was programs undertaken , Maharashtra Dehradun, Uttarakhand Gujarat Mumbai, Maharashtra Hisar, Haryana Hisar, Development for Projects Upliftment of Communities in tribal/ rural areas Community Development Projects Setting up of Libraries of Promotion Libraries Aid for educational activities in tribal areas Promotion of Women empowerment, education & health care of Promotion Art & Culture Sector in which is the project covered Development of Building & other facilities for Promotion of Education of Promotion Health Care of Promotion Cleanliness Rural

Transformation Rural Development – Community Development Libraries and aid to government schools training to Vocational tribal Children Women Empowerment & Healthcare Others CSR projects or CSR projects activities identified Educational Infrastructural Development Health Care Sanitation Rural Development/ Executive Vice Chairman Place: Mumbai Date: May 21, 2015 Sd/- Sd/- Subodh Kumar The CSR committee certifies that the implementation and monitoring of the CSR Policy is in The CSR committee certifies that the implementation and monitoring of the CSR compliance with the CSR objectives and Policy of the Company. ANNEXURE A investing in tomorrow in investing annexures to the directors’ report directors’ the to annexures

66 Annual Report2014-15 Date: May21,2015 Place: Mumbai f. d. c. b. a. 2. 1. including certainarms-lengthtransactionsunderthird proviso thereto: with related partiesreferred toinsub-section(1)ofsection188theCompaniesAct,2013 Form fordisclosure ofparticularscontracts/arrangementsentered intobythecompany Companies (Accounts)Rules,2014} {Pursuant toclause(h)ofsub-section(3)Section134theActandRule8(2) Form No.AOC-2 PARTICULARS OFRELATED PARTY TRANSACTIONS related partieswhichisnotatarm’s lengthduringfinancialyear2014-15. The Companyhasnotentered intoanycontractorarrangementtransactionwithits e.  Details ofmaterialcontractsorarrangementtransactionsatarm’s lengthbasis: Details ofcontractsorarrangementstransactionsnotatarm’s lengthbasis: Duration ofthecontracts/arrangementstransactions television channelsoftheCompany. Nature ofcontracts/arrangements /transactions Limited, whollyownedsubsidiaryoftheCompany Name(s) oftherelated partyandnature ofrelationship Amount paidasadvances,ifany entered intointheordinary courseofbusinessandonarm’s lengthbasis. Date(s) ofapproval bytheBoard, ifany owned Subsidiary. sharing basiswherein 14%ofsubscription revenue shallberetained bytheWholly channels oftheCompany, exclusivelyinIndiaonprincipal-to-principalandrevenue if any Salient termsofthecontractsorarrangementstransactionsincludingvalue, agreeable terms. effect from April1,2014foratermof3years,renewable onsimilarandmutually :TheWhollyownedSubsidiaryshalldistributeallcurrent andfuture television :Nil :Notapplicable,sincethecontractwas For andonbehalfoftheBoard ofDirectors :DistributionServiceforall annexures tothedirectors’ report :Taj Television (India)Private :Contractentered with Managing Director &CEO statutory reportsstatutory Punit Goenka Sunil Sharma Director

67 Executive Members of the Board other than the Managing Director shall be employed other than the Managing Director Executive Members of the Board The Nomination and Remuneration Committee while considering a remuneration while considering a remuneration The Nomination and Remuneration Committee believes that a successful remuneration The Nomination and Remuneration Committee Remuneration of Executive Members on the Board: which shall comprise shall be paid remuneration Any Executive Member(s) on the Board there where of executive member(s) on the Board, the overall remuneration However, This Policy aims to attract, retain and motivate the Members of the Board of Directors, of Directors, and motivate the Members of the Board retain This Policy aims to attract, GUIDING PRINCIPLES and other terms of the remuneration The guiding principle of this Policy is that that to be made to ensure are package, efforts While designing the remuneration exceed 5% in case there is only one executive member on the Board. In the event of is only one executive member on the Board. exceed 5% in case there of services of tenure in any financial year during the currency loss or inadequacy of profit shall be governed the payment of remuneration of an executive member of the Board, under the Companies Act, 2013 and Rules framed by the applicable limits prescribed time to time. as amended from thereunder, years at a time, on the under service contracts for a period not exceeding 3 (three) by the Nomination and as recommended terms & other conditions and remuneration the remuneration matches the level in comparable companies, whilst also taking into the remuneration required competencies, qualifications, industry experience, efforts consideration requisite and the scope of the work. reflecting short and long balance between fixed and incentive pay package shall ensure to the working of the company and its goals. term performance objectives appropriate should be linked remuneration package that a significant part of the policy must ensure alignment of interest targets and a strong to the achievement of corporate performance with stakeholders. such as House Rent Allowance or furnished / perquisites of fixed monthly basic salary, telephone car with or without chauffeur, unfurnished in lieu thereof, housing accommodation reimbursement of medical expenses, leave travel as well as personal use, for office such allowance, club membership, stock options, statutory and non-statutory allowances allowances subscription allowances, travel allowances, personal allowances, education as of by the Nomination and Remuneration Committee / Board etc. as may be recommended time to time. by the Members of the Company from and approved Directors manner calculated in the shall not exceed 10% of the net profit than one, more are and shall not under the Companies Act, 2013 and Rules framed thereunder, provided Senior Managers viz: CEO, and other employees who are at one level below the Key at one level below CEO, and other employees who are Senior Managers viz: them by remunerating or Functional Heads of the Company, Managerial Personnel the operations of the Company successfully. so as to run and sufficiently reasonably governance objectives for good corporate as well as the Company’s The Policy reflects for shareholders. value creation sustained long-term that the Company is enough to ensure engagement / employment shall be competitive for achieving and motivate right kind of human resource(s) in a position to attract, retain creating management year on year thereby set by the Company’s growth the desired Company. long-term value for all stakeholders of the

2.1. EXTRACT OF REMUNERATION POLICY REMUNERATION EXTRACT OF 1. OBJECTIVE 2. investing in tomorrow in investing annexures to the directors’ report directors’ the to annexures

68 Annual Report2014-15 2.3  2.2. option issuedorproposed tobe issuedbytheCompany. Theperformanceofthenon- meetings. IndependentDirector(s) ofthe Companyshallnotbeentitledtoanystock Sub-Committee andreimbursement ofexpensesforparticipationintheBoard andother / orCommitteesthereof, excluding StakeholdersRelationshipCommitteeandFinance addition tothesittingfeespayablethemforattendingmeetingsofBoard and the formofcommissionpayabletoNon-ExecutivemembersBoard andshallbein Companies Act,2013andrelevant rulesframedthereunder. Suchremuneration shallin fromGovernment timetotime,calculatedinaccordance withtheprovisions ofthe profit oftheyearonastand-alonebasisorsuchsumasmaybeprescribed by the the Companyforfuture growth. Aggregate ofsuchsumshallnotexceed1%net the Board basedonthetimedevoted,contributionmadeinprogress andguiding to afixedamountofCommissioneachyear, asmaybedeterminedandapproved by fees forattendinganymeetingoftheBoard ofDirectors orCommittee thereof. (five) years.ExecutivemembersoftheBoard shallnotbeeligibleto receive anysitting General Meeting(s).ThetermofappointmentManagingDirector shallbefixedat5 Remuneration Committeeandapproved bytheMembersofCompanyat listed orotherwise. sitting fees,fordirectorships heldinanyoftheEsselGroup ofCompanies,whether following components: remuneration ofthemembers oftheExecutiveManagementmayconsist companies. Suchproposals then shallbesubmittedtotheBoard forapproval. The ensure thattheproposed remuneration isinlinewithindustrystandards incomparable theappointmentandremunerationconcerning oftheKeyManagerialPersonneland Company mayconsiderissuanceofstockoptionstoSeniorManagement. Management. Additionallysubjecttoappropriate approval ofshareholders, the by theNomination&CompensationCommittee,annuallyinter-alia fortheExecutive eachyearshallbeconsideredperformance oftheemployeeconcerned andapproved employees. Theperformance-linkedincentivebasedonCompanyperformanceand the ExecutiveManagementshallensure thatthecompanycanattractandretain key Managerial Personnel: executive membersoftheBoard shall be reviewed bytheBoard onanannualbasis. Executive Managementshallnotbeeligibletoreceive anyremuneration, including The Nomination&CompensationCommitteewillfrom timetoconsiderproposals The Companybelievesthatacombinationoffixedandperformance-linkedpayto Remuneration ofExecutiveManagementcomprisingSenior&Key The remuneration payabletotheNon-Executivemember(s)ofBoard shallbelimited Remuneration ofNon-ExecutiveMemberstheBoard:

Perquisites asperrulesoftheCompanyincludingcar, telephoneetc. Stock options Performance linkedincentive/bonus Basic salaryandAllowances annexures tothedirectors’ report statutory reportsstatutory

69

100% 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) Section Applicable of the company

% to total turnover

74% % of 100% 100% 100% 92132 shares held shares (As per 2004) NIC Code of the Product/ service Product/ L92132MH1982PLC028767 25/11/1982 Limited Zee Entertainment Enterprises / Company Limited by Shares Indian Non-Government Company Continental Building, 135, Besant Road, Annie Dr. Mumbai: 400018 Worli, +91-22-2483 1234 No.: Tel Fax No.: +91-22-2490 0302 Yes Services (India) Pvt. Ltd. M/s Sharepro Complex, 13AB, Samhita Warehousing Exchange Sakinaka Telephone Second Floor, Andheri- Kurla Road, Sakinaka, Lane, Off Andheri (East), Mumbai72 +91-22-6772 0300/400 No.: Tel Fax No.: +91-22- 2859 1568/2850 8927

Continental Building, 135, Annie Besant Road Dr. Mumbai 400 018 Worli, U64200MH2004PLC148772 Limited Zee-Turner Road Industrial B-10, Essel House, Lawrence New Delhi 110 035 Area, U74899DL2001PLC113501 Nil Subsidiary Companies – Indian Private Limited (India) Television Taj Annie Besant Road Continental Building, 135, Dr. Mumbai 400 018 Worli, U92190MH2002PTC135002 Limited Essel Vision Productions Annie Besant Road Continental Building, 135, Dr. Mumbai 400 018 Worli, U74990MH2010PLC198648 Zee Sports Limited Services Broadcasting Name and Description of / services main products & Name, Address CIN of the Company CIN Registration Date Name of the Company of the Company Category / Sub-Category & Contact Office of the Registered Address details Whether Listed and Contact Details of Registrar Name, Address Agent and Transfer PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY BUSINESS ACTIVITIES PRINCIPAL COMPANIES AND ASSOCIATE OF HOLDING, SUBSIDIARY PARTICULARS REGISTRATION AND OTHER DETAILS AND OTHER REGISTRATION 4 B 1 2 3 1 A i) ii) iii) iv) v) vi) vii) Sl. No. Sl. No. II. of the total turnover of the company % or more All the business activities contributing 10 shall be stated:- III. I.

investing in tomorrow in investing

[Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and (Management rule 12(1) of the Companies Act, 2013 and Section 92 (3) of the Companies [Pursuant to Rules, 2014] Administration) As on the financial year ended on March 31, 2015 March year ended on As on the financial extract of annual return of annual extract

70 Annual Report2014-15 No. Sl. 18 17 16 15 14 13 12 11 10 9 8 7 6 5 CIN oftheCompany Name, Address & Zee TVSouthAfrica(Proprietary) Limited Ebene, Mauritius 2nd Floor, EbeneHouse,33,Cybercity Zee Multimedia(Maurice)Limited Singapore 198785 883,North BridgeRoad,#09-01,TheSouthbank, Expand FastHoldings(Singapore) Pte.Limited Ebene, Mauritius 2nd Flr, EbeneHouse,33Cybercity Asia Today Limited Subsidiary Companies–Overseas U72900MH2010PTC201526 Worli, Mumbai400018 Continental Building,135,Dr. AnnieBesantRoad India Webportal PrivateLimited 1209 orange Street, Wilmington, DE19801 1209 orangeStreet, Wilmington, EEVEE Multimedia,Inc 1999 BryanSt.,Ste.900,Dallas/TX/75201-3136 Zee TVUSA.Inc. Office 330,MoscowRussia,105066 Nizhnyaya Krasnosel’skaya stbuild.40/12,korp.2 OOO ZeeCISLLC 1st Flr, 41ChaltonStreet, LondonNW1 1JD Asia TVLimited Ebene, Mauritius 2nd Flr, Ebene House,33Cybercity Zee MultimediaWorldwide (Mauritius)Limited Mauritius Cnr Desroches &StLouisstreet, PortLouis, St. LouisBusinessCentre, TAJ TVLimited GuangZhou, Guangdong,P.R. China510620 Rm1610, No.140-148,TiYu EastRd, Zee Technologies (GuangZhou) Limited Dubai UAE,POBox500484 Ten SportsBuilding,3rd Floor, DubaiMediaCity, ATL MediaFZ-LLC Dubai UAE,POBox500484 Dubai MediaCity, Ten SportsBuilding,3rd Floor, LLC) (earlier knownasZeeTelefilms MiddleEastFZ- Zee EntertainmentMiddleEastFZ-LLC Africa ,2021 Ballyclare Drive,Bryanston,Johannesburg,South 2nd Floor, BuildingB,BallyoaksOffice Park35

shares held annexures tothedirectors’ report 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% % of 51% statutory reportsstatutory

Applicable Section 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 2(87)(ii) 100%

71

2(6) 2(6) 2(6) 2(6) 2(87)(ii) 2(87)(ii) Section Applicable

25% % of 100% 100% 50.00% 38.61% 26.42% shares held shares

OOO Zee CIS Holding LLC OOO Zee CIS Holding build. 40/12, korp.2 st Nizhnyaya Krasnosel’skaya 330, Moscow Russia, 105066 Office Inc Asia Multimedia Distribution Canada East, Toronto, 693 Queen Street M4M1G6 Media Pro Enterprise India Private Limited Media Pro Behind Kuber Chamber, Blue Wave, 7th Floor, Mumbai 400053 Andheri (West), U92412MH2006PTC164446 T 1/6, World Trade Centre Arcade, Centre Trade T 1/6, World Parade, Mumbai 400005 Cuffe U72900MH2011PTC220973 Idea Shop Web & Media Private Limited Idea Shop Web Aplab House, Plot No. A-5, 604 Industrial Estate, Thane 400 Wagale L99999MH1964PLC013018 Associate Companies (Thailand) Co. Limited Asia Today 30,32,34,36,38, K.B.S. Building Unit # 306, 3/ Bangrak, Mahesak Road # 3, Suriyawong, Floor, Bangkok – 10500, Thailand Aplab Limited Name, Address & Name, Address CIN of the Company 19 20 4 3 C 1 2 Sl. No. Note: CIN/GLN Not applicable for overseas subsidiaries Note: CIN/GLN Not applicable for overseas investing in tomorrow in investing extract of annual return annual of extract

72 Annual Report2014-15 i. IV. d-iii d-ii c-ii d-i Sr c-i C B A b d b 1 2 1 a e c a a a f Mutual Funds Institutions Public Shareholding Shareholding Total Promoter Sub-total (A)(2) Bodics Corporate Foreign Sub-total (A)(1) Bodies Corporate Indian Group Promoters &Promoter Shareholder Category of Grand Total A+B+C Custodian ofGDR/ADR Shares heldby Shareholding Total Public Sub-total (B)(2) Others -Trust Others -NRI Others -QFI value above Individuals holdingshares in nominalvalue upto Individuals holdingshares Overseas Bodies Corporate- Bodies Corporate-Indian Sub-total (B)(1) Others -Foreign Bank FIIs Insurance Companies Central Government Banks /FI PERCENTAGE OFTOTAL EQUITY) Categorywise Shareholding SHAREHOLDING PATTERN (EQUITYSHARECAPITAL BREAKUPAS ` ` 1 Lac 1 Lacinnominal

413670212 172266804 172266804 241403408 241403408 958757965 545087753 493343080 460463766 32398465 51744673 17662769 29032540 No ofShares heldatthebeginningof 1817614 2872089 228056 131480 377484 Demat 17515 85850 125 0 Year i.e.April1,2014 1690755 1690755 1668855 Physical 877037 742082 42254 21900 21900 7482 0 0 0 0 0 0 0 0 0 0 0 0 0 413670212 172266804 172266804 241403408 241403408 960448720 546778508 493364980 460485666 32398465 53413528 18404851 29040022 2694651 2872089 270310 131480 377484 17515 85850 Total 125 0 100.00% 43.07% 17.94% 25.13% 56.93% 51.37% 17.94% 25.13% 47.94% 5.56% 3.37% 0.03% 0.28% 0.00% 0.30% 1.92% 0.01% 3.02% 0.00% 0.04% 0.01%

% 0 413670212 172266804 172266804 241403408 241403408 958854299 545184087 500842792 480003430 19849324 44341295 16355117 21813302 1568060 3810983 698250 235937 496846 256755 Demat 95583 No ofShares heldattheendof 500 0 Year i.e.March 31,2015 annexures tothedirectors’ report 1594421 1594421 1572521 Physical 824285 698500 42254 21900 21900 7482 0 0 0 0 0 0 0 0 0 0 0 0 0 413670212 172266804 172266804 241403408 241403408 960448720 546778508 500864692 480025330 19849324 45913816 17053617 21820784 statutory reportsstatutory 2392345 3810983 740504 235937 496846 256755 95583 Total 500 0 100.00% 49.979% 56.93% 52.15% 43.07% 17.94% 25.13% 0.025% 0.052% 0.027% 17.94% 25.13% 4.78% 0.08% 0.25% 0.40% 1.78% 0.01% 2.27% 0.00% 2.07%

% -0.78% change -0.03% -0.14% -0.75% -0.01% 0.00% 0.00% 0.78% 0.05% 0.00% 0.10% 0.00% 0.00% 2.03% 0.05% 0.02% 1.31% % 0 0 0 0 0 0 0

73 % Nil 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 change Capital 43.07% % of Equity 16.20 16.20 pledged/ to Capital Nil % of shares % of shares encumbered encumbered during the Year Shares % Number of 0.00 0.00 0.00 2.39 4.83 413670212 Cumulative shareholding Cumulative shareholding 43.07 10.71 25.13 Nil 300 100 100 Year i.e. March 31, 2015 i.e. March Year

Shares Capital 23000000 46378518 43.07% Number of No of Shares held at the end of the No of Shares 413669912 102888286 241402908 % of Equity 18.02 18.02 Capital NIL pledged/ % of shares % of shares Shares Shareholding at the Shareholding encumbered to encumbered beginning of the year Number of 413670212 % 0.00 0.00 0.00 2.39 4.83 10.71 25.13 43.07

year i.e. April 1, 2014 300 100 100 Shares 23000000 46378518 Shareholding at the beginning of the Shareholding Number of 102888286 241402908 413670212 Name of Promoter Pvt Ltd Sprit Textiles Ltd Essel Infraprojects Investment Pvt. Veena Ltd. Essel Media Ventures Limited Essel International Ltd Essel Holdings Limited Cyquator Media Services Pvt. Ltd. Total At the beginning of the Year in / decrease Date wise increase with reason shareholding At the end of the year Particulars Promoter & Promoter Group shareholding Group & Promoter Promoter Sr 1 2 3 4 5 6 7 Sr ii. Shareholding iii. Change in Promoters investing in tomorrow in investing extract of annual return annual of extract

74 Annual Report2014-15 year endedMarch 31,2015. at theendofyeari.e.March 31,2015ordealtintheEquityShares oftheCompanyduringfinancial Company heldanyEquityShares oftheCompanyeitheratbeginningyeari.e.April1,2014or the Companyare asmentionedherein. NoneoftheotherDirectors /KeyManagerialPersonnelofthe Details ofchangesintheshareholding ofDirectors oftheCompanywhoheld/holdEquityShares of v. 2. 1. Note : iv. Changeinshareholding oftoptenpublicshareholders No ofShares i.e. April1,2014 Shareholding atthebeginning Particulars 40000 Independent Director Lord GulamNoon, 20000 Independent Director Prof RVaidyanathan, Europacific Growth Fund@ @ International Columbia Acorn GrowthOppenheimer International Fund# Equity IndexFund$ Fund, ASeriesofVanguard International Vanguard EmergingMarketsStockIndex Smallcap World Fund,Inc# NP3A-ALL $ Ontario Teachers PensionPlanBoard – New World FundInc$ Vanguard Growth International Fund$ Oppenheimer GlobalFund$ ofSingaporeGovernment $ Goldman Sachs(Singapore) PTE$ Oppenheimer DevelopingMarketsFund$ basis andhencedatewiseincrease/decrease inshareholding isnotindicated @ # $ The shares oftheCompanyare substantially heldindematerialisedformandare tradedonadaily Change inShareholding ofDirectors &KMP denotes top10shareholders onlyasonMarch 31,2015 denotes top10shareholders onlyasonApril1,2014 denotes commontop10shareholders asonApril1,2014andMarch 31,2015 Capital Equity % of

0 0 14.11.14 03.11.14 Date NA 11,800,000 12,420,000 13,096,669 14,003,568 16,762,907 18,715,668 82,290,959 beginning oftheyear 8,312,255 9,270,000 7,298,200 8,197,109 Shareholding atthe Changes Shares (April 1,2014) No of (10000) Shares (5000) No of 0 NA % ofEquity Reason Capital Market annexures tothedirectors’ report 0.87 0.97 1.23 1.29 1.36 1.46 1.75 1.95 8.57 0.00 0.76 0.85 Sale NA Cumulative shareholding 17,800,000 14,434,499 10,974,158 13,557,879 68,716,575 31,171,178 13,478,000 statutory reportsstatutory 8,197,109 9,875,585 3,885,000 3,755,037 8,686,506 Shareholding atthe Shares (March 31,2015) 40000 10000 end oftheyear Shares No of 5000 No of % ofEquity % ofEquity Capital Capital

3.25 1.40 0.85 1.03 0.40 1.85 0.39 1.50 1.14 1.41 0.90 7.15

0 0 0

75

------4 16 16 10 14 12 12 5.83 3.72 Total Total

76.90 86.45 Amount in Million) in Million) ` ` ( ( Indebtedness ------0 0.04 35.68 35.72 Deposits Chairman) ------Subodh Kumar (Executive Vice Loans

- - - - Unsecured 5.79 3.72 50.73 41.22 - - - - & CEO) -4 12 12 16 16 10 14 1,212 Million ` Name of MD/WTD/Manager Punit Goenka deposits* excluding (Managing Director 10% of Profits as per Section 198 of Companies Act, 10% of Profits 2013 is Secured Loans Secured

REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL REMUNERATION and/or Manager Whole-time Directors Remuneration to Managing Director, Indebtedness at the end of the financial year Principal Amount due but not paid Interest accrued but not due Interest Total Indebtedness at the beginning Indebtedness at the beginning of the financial year Principal Amount Due but not paid; Interest accrued but not due Interest Total year Change in Indebtedness during the financial Addition Reduction Net Change Total (A) Total Ceiling as per the Act Gross salary (As per Income tax act) Gross Salary Perquisites in lieu of salary Profits Stock Option Sweat Equity and/or otherwise) Commission (as % of profit Fund) Others (Contribution to Provident Particulars of Remuneration INDEBTEDNESS V. but not due outstanding/accrued Company including interest Indebtedness of the for payment * represents Car financing loans * represents VI. A. investing in tomorrow in investing extract of annual return annual of extract

76 Annual Report2014-15 Date: May21,2015 Place: Mumbai VII. Table Aabove Note: Fordetailsofremuneration ofCEOrefer remuneration detailsofMr. PunitGoenkamentionedin C. B. Particulars ofRemuneration Name ofDirectors Total Others (ContributiontoProvident Fund) Commission (as%ofprofit orotherwise) Sweat Equity Stock Option Profits inlieuofsalary Perquisites Salary Gross salary(AsperIncomeTax Act) Overall CeilingasperAct Grand Total Total Mr. AshokKurien Dr. SubhashChandra Non-Executive Directors Total Prof (Mrs.)NeharikaVohra Prof SunilSharma Prof RVaidyanathan Lord GulamNoon Independent Directors PROVISIONS OFCOMPANIES ACT: PENALTIES /PUNISHMENT/COMPOUNDINGOFOFFENCESUNDER Remuneration toKeyManagerialPersonnelotherthan Remuneration tootherdirectors: 2013 is 1% ofNetProfits asperSection198oftheCompaniesAct, Sitting Fees None ` 1.00 0.30 0.22 0.08 0.70 0.14 0.28 0.26 0.02 121 Million For andonbehalfoftheBoard ofDirectors Commission 12.00 4.00 2.00 2.00 8.00 2.00 2.00 2.00 2.00 12.93 12.18 Key ManagerialPersonnel CFO annexures tothedirectors’ report 0.71 0.04 MD - - - - Managing Director &CEO /Manager/ Company statutory reportsstatutory Secretary Others 14.96 14.26 0.66 0.04 WTD: Punit Goenka - - - - Sunil Sharma ( ( ` ` inMillion) inMillion) Director 13.00 27.89 26.44 Total 4.30 2.22 2.08 8.70 2.14 2.28 2.26 2.02 Total 1.37 0.08 - - - -

77 NA NA NA NA NA NA tax 0.29 0.42 0.11 0.12 % of Net Profit before before % of Net Profit NA NA NA NA NA NA 0.09 0.14 0.03 0.04 against Company’s performance against Company’s % of Turnover Comparison of remuneration of each KMP Comparison of remuneration NA NA 3:1 3:1 3:1 3:1 3:1 3:1 49:1 99:1 Remuneration to Ratio of Director’s Ratio of Director’s median remuneration Nil Nil Nil Nil Nil Nil Nil 11 13 11 9% 31, 2015) 2121 (As at March of 11% during the year was in line with the market The average increment Company performance, reflects that remuneration to ensure In order trend. the performance incentive is also linked to organization performance, apart individual performance. from & Key Managerial of Executive Directors remuneration The aggregate tax) (before Personnel was 0.30% of turnover and 0.94% of Net Profit during financial year Disclosure % increase in % increase Remuneration

2.00 2.00 2.00 2.00 2.00 2.00 35.72 50.73 12.93 14.96 in Million) ` ( #Remuneration Requirement The explanation on the relationship between average increase in between average increase The explanation on the relationship performance and Company’s remuneration of the key managerial personnel against Comparison of the remuneration the performance of the Company (Standalone) The Percentage increase in median remuneration of employees in FY in median remuneration increase The Percentage of the Company Number of permanent employees on the rolls Remuneration of each Director and Key Managerial Personnel (KMP) along with particulars of increase in remuneration during the during the in remuneration with particulars of increase and Key Managerial Personnel (KMP) along Director Remuneration of each financial year, ratio of remuneration of Directors to the Median remuneration of employees and comparison of remuneration of each KMP of remuneration of employees and comparison to the Median of Directors remuneration ratio of financial year, standalone performance: against Company’s 3 4 1 2 Punit Goenka Key Managerial Personnel Mihir Modi M Lakshminarayanan R Vaidyanathan* Gulam Noon Sunil Sharma Neharika Vohra Executive Directors Subodh Kumar Non-Executive Directors Ashok Kurien Sr Name of Director/ Key Name of Director/ Managerial Personnel * Resigned as Independent Director as at close of March 31, 2015 March as at close of * Resigned as Independent Director # Non-Executive Directors remuneration represents Commission & excludes Sitting Fees Commission & excludes represents remuneration # Non-Executive Directors The information required under Section 197 of the Act read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial and Remuneration of Managerial with rule 5(1) of the Companies (Appointment 197 of the Act read under Section The information required below: given are Personnel) Rules, 2014 A. PARTICULARS OF REMUNERATION OF EMPLOYEES OF REMUNERATION PARTICULARS Rules, 2014} Remuneration of Managerial Personnel) Rule 5 of Companies (Appointment and with 197 read {Pursuant to Section investing in tomorrow in investing annexures to the directors’ report directors’ the to annexures

78 Annual Report2014-15 1. B. No. Sr. Sr 12 11 10 9 8 7 6 5 4 3 2 1 10 9 8 7 Equity Share held and issuance of shares by other entities in consideration of demerger of business undertaking from theCompany as per various Schemes. may benotedthatnoadjustmenthasbeenmadeonaccountofissuanceBonusPreference Shares inratioof1:21i.e.21BonusPreference Shares for1 * IPOforEquityShares offacevalue 6 5 Employed throughout theyearand inreceipt ofremuneration aggregating Particulars ofEmployeeswhoseremunerations exceeded Name the Companyincomparisontorateatwhichcameout Percentage increase ordecrease inthemarketquotationsofshares of as attheclosingdateofcurrent andprevious financialyear Variations inthemarketcapitalizationofCompany, ratio priceearning Sanjoy Chatterjee Punit Goenka Anil Anand Siju Prabhakaran Shekhar Kadav Priyanka Datta Mehul Shah Gunjarav Nayak Sachin Rumde Anjana Kshetry Rajneesh Gupta Hitesh Vakil Company Affirmation thatthe remuneration isasper the remuneration policyofthe highest paiddirector duringtheyear employees whoare notdirectors butreceive remuneration inexcessofthe The ratiooftheremuneration ofthehighestpaidDirector tothatofthe Directors Key parametersforanyvariablecomponentofremuneration availedbythe circumstances forincrease inthemanagerial remuneration and justificationthereof andpointoutifthere are any exceptional comparison withthepercentile increase inthemanagerialremuneration other thanthemanagerialpersonnelinlastfinancialyearandits Average percentile increase already madeinthesalariesofemployees with thelastpublicoffer Requirement Age 38 39 49 41 55 48 40 52 41 52 43 44 Designation Cluster Head-Sales Managing Director &CEO Head -Talent ArtistRepertoire Business Head,ZeeKannada Head -InformationTechnology GEC Cluster Head,Zindagi&FTA Accounts Head -CorporateFinance& National Head-Sales Head -Operations Head -BrandSolutions,ZeeDigital National Head-Sales CEO -ServiceExcellenceUnit ` 10eachwas@ ` 30pershare. Thevalueisadjustedforsub-divisionin1999&1:1Bonusdeclared in2010.It Remuneration ` 60Lacsperannumor 10,645,966 50,734,885 12,356,685 21,078,515 8,004,248 9,704,440 9,500,461 8,097,987 9,479,152 7,177,712 7,430,220 8,056,808 Total ( ` ) Qualification B COM(HONS) B.COM B COM,PGDMarketing B TECH,MBAMarketing B.COM MA M.COM, C.A.,MFM B COM,PGDBM BE, MMS Communication B COM,PGD-Social B.COM., MBA. B.COM, ACA. Disclosure the yearwas5.5% was 11%,whiletheaverageincrease inmanagerialremuneration during The averageannualincrease inthesalariesofemployeesduringyear policy oftheCompany. The Companyaffirms thatthe remuneration isasperthe remuneration Not Applicable performance oftheCompany The variablecomponentofremuneration ofDirectors isbasedon ` 60 lacsormore perannum. Particulars Change % Change% 10.09.93* ` 31.03.15 31.03.14 31.03.15 5LacspermonthduringFY2014-15 Exp in Yrs 24 17 31 16 27 21 19 16 15 26 17 31 Market Capitalization Date ofJoining 20-Nov-2000 27-Sep-2004 23-Feb-1998 11-Mar-2002 25-Apr-2005 1-May-2002 1-Sep-2001 1-Aug-1998 1-Jun-2000 1-Oct-1995 1-Apr-1998 7-Apr-2000 (Rs inMio) annexures tothedirectors’ report 260,618 328,233 341.70 22680 1.50 BSE Set IndiaPvtLtd ASC EnterpriseLtd. Reliance IndustriesLtd. UTV Software CommunicationLtd. Freelancer Sab TVNetworkPvt.Ltd. Biopac IndiaCorpLtd. Sai ServiceStationLtd. Nil Modi EntertainmentNetwork Nil &ToesTips Cosmetics 26 statutory reportsstatutory Closing MarketPrice Price Earning ratio Price Earning Last Employment 341.75 22683 1.50 29.2 39.4 NSE 35

79 Last Employment ITF Godrej(Gilac) Wizcraft Mumbai Municipal Greater Corporation Vivaki Viacom 18 Pvt. Ltd. Bennette Coleman & Co. Ltd Pvt. Ltd. BPL Power Projects Star India Pvt. Ltd. Star India Pvt. Ltd. Miditech UTV Modi Enterprises Starcom Shamal Media Services Sharjha UAE Communications Tata Zoom Entertainment Ltd Real Global Broadcasting Comms Aurora Ltd Infomedia Tata Jindal India Ltd. Saregama Krimson Media Services Pvt. Ltd. & Digit 9 Viacom 18 Pvt. Ltd. Buildworth Pvt. Ltd Mukta Art Ltd Times Business Solutions Ltd. Cable & Datacom Ltd. 1-Oct-2007 2-Jan-2008 1-Jun-2005 5-Mar-2014 1-Feb-2013 1-Feb-2014 5-Feb-2007 7-Feb-2008 5-Aug-2010 1-Sep-2011 9-Aug-2010 2-Sep-2013 5-Sep-2008 3-Sep-2010 30-Jul-2012 9-May-1995 15-Apr-2013 11-Jan-2006 19-Jan-2006 10-Jun-2004 19-Mar-2014 25-Mar-2008 20-Feb-2006 10-Feb-2014 18-Feb-2010 17-Aug-2007 23-Nov-2007 26-Dec-2000 Date of Joining 8 19 14 21 15 17 22 24 20 29 18 13 38 20 13 27 21 32 14 17 15 11 24 18 22 23 13 22 Yrs Exp in MMM BSC., PGDBA MPM PGDBM PGDMBM -Marketing MASS COM B.COM. & LLB B.COM/MBA MCA PGDMM - Marketing & Sales Management CA/MBA BSC M.Sc in Physics MBA PG Marketing B.SC, DMM B.COM, LLB B.COM, ACS 2nd Mates License In Nautical Sciences BCOM BA BE, MMS BSC, MBA B.E,PGDMM BA PGD ADVT & PR MBA B.COM B COM, CA Qualification ) ` Total ( Total 6,997,190 6,409,440 6,053,541 7,112,500 6,658,828 9,975,674 8,473,624 7,855,977 9,405,785 9,825,230 6,633,949 8,600,889 9,252,723 8,165,756 6,201,196 12,759,784 12,925,880 35,724,596 10,790,695 23,853,276 11,616,942 10,291,709 14,411,529 20,315,449 14,961,486 10,176,122 12,136,296 12,898,147 Remuneration Head - Non Fiction Programming, Head - Non Fiction Programming, & TV Head - Regional Accounts (East) – Strategy & Planning, President International Business Chief Knowledge Officer National Head - Channel Placement Chief Finance & Strategy Officer Senior Vice President Executive Vice Chairman Cluster Head - Sales Business Head, & TV Business Head, APAC CRO - International Ad Sales & Head - Global Syndication Business Head, Ditto Deputy Business Head, Zing & ETC Music Cluster Head - Regional Business National Head - Sales Business Head, & Chief People Officer Cluster Head - Sales National Head - Sales Cluster Head - Sales Planning, Cluster Head - Sales Planning, Strategy & Solutions - Ad Sales Chief Revenue Officer & Chief Complaince Officer Company Secretary & Zee Cluster Head, Niche Channels Music Company Café & Deputy Business Head, Zee Zee TV Head - Fiction Programming, Head - Consumer Insights Head - Corporate Brand Designation 38 54 51 48 54 38 39 63 50 37 43 45 43 36 48 42 38 45 36 40 47 46 52 37 42 52 36 50 Age Subodh Kumar Mona Jain Rajesh Iyer Rajeev Kheror Debashish Ghosh Alok Govil Mihir Modi Namit Sharma Vijay Sanil Pankaj Mehra Sunanda Gupta Jenna R. K. Agarwal Manoj Padmanabhan Vishnu Shankar Sharada Sunder Monali Ghosh Samrat Ghosh Rajendra Kumar Mehta Charu Singh Mangesh Kulkarni Roland Landers Sushruta Samanta Sunita Uchil Ashish Sehgal M Lakshminarayanan Anurag Bedi Syed Ali Zainul Abedeen Zaidi Laxmi Shetty Name 40 41 42 35 36 37 38 39 31 32 33 34 24 25 27 28 29 30 18 19 20 21 22 14 15 16 17 13 Sr. Sr. No. investing in tomorrow in investing annexures to the directors’ report directors’ the to annexures

80 2. Annual Report2014-15 Date: May21,2015 Place: Mumbai Notes : No. Sr. 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 Employed forpartoftheyearandinreceipt ofremuneration aggregating Rs.5lacsormore permonth Name Akash Chawla Indranil Aikat Anil MohanSankhdhar Romil Ramgarhia Kalyansundaram Jayaraman Rahul Agarwal Piyush Sharma Darius Maneckji Sunil Buch Monojit Indra Anil Lale Harish Goyal Bajaj Vikas Subramanyam Kotteda Pradeep Hejmadi Atul Das Bharat Ranga 3. 2. 1. Remuneration includesSalary, Allowances,Company’s ContributiontoProvident Fund,MedicalBenefits,Leave Travel Allowance&OtherPerquisites andbenefitsvaluedonthe None oftheemployees,exceptMr. PunitGoenkaare related toanyoftheDirectors. All appointmentsare contractualandterminablebynoticeoneitherside. basis oftheprovisions ofIncomeTax Act,1961. Age 37 40 41 34 53 47 37 38 51 43 35 45 42 47 42 47 46 Designation Executive Vice PresidentExecutive Vice -Marketing Distribution Head PresidentVice -Production Chief Commercial Officer President -Distribution Chief Pilot PresidentExecutive Vice Cluster National Head-Sales,English Chief BusinessOfficer Chief Commercial Officer Group GeneralCounsel CEO -Africas Operations Head -AudienceStrategy& Cluster Head-Sales Business Head,ZeeTV Chief CorporateDevelopmentOfficer Chief Creative &ContentOfficer Remuneration 21,562,049 49,242,172 3,286,778 7,057,556 2,381,048 2,084,317 3,026,541 3,400,313 3,441,386 6,337,380 4,379,099 3,628,523 9,107,275 5,913,999 5,995,958 4,605,178 Total (Rs.) 655,320 BA CA CA MBA MBA P.G Diploma MMS B.SC, PGDM BA, LLB TradeMaster InInternational MBA MBA B.SC (Physics) B.COM., M.M.S. B.COM, M.B.A B.COM, MMS PGDTM Qualification Exp in 17 19 30 19 11 13 21 15 12 21 18 23 21 22 26 13 18 For andonbehalfoftheBoard ofDirectors Yrs Date ofJoining 29-Sep-1998 4-Mar-1998 23-May-05 12-Dec-14 12-Sep-13 26-Aug-14 12-Mar-13 10-Mar-15 16-Oct-13 15-Jan-14 3-Nov-14 3-Nov-14 8-Aug-14 1-Aug-14 6-Aug-14 1-Apr-13 1-Jul-14 annexures tothedirectors’ report Taj Television Limited,Dubai Pvt.Ltd. Viacom18 Hathway Cable&DatacomLtd. Bjets Emm Burda International TelevisionTimes Network Reliance Commuincations Marico Limited 18Pvt.Ltd. Viacom Acme Group Allianz GlobalAssistance Maa TV TAM MediaResearch PvtLtd. Lloyds Securities Modi Korea Telecommunication S-Group TAM Samsung IndiaElectronics Pvt.Ltd Managing Director &CEO statutory reportsstatutory Punit Goenka Sunil Sharma Last Employment Director

81