ENTERTAINMENT NETWORK () LIMITED ANNUAL REPORT 2012 -13 CO NTENTS

Corporate Information 02

Th e Future isn ’t Hot - It’s Hotter 03

A Crucible of Hot Ideas 04

The Emirates Sizzle 06

Mirchi Music Awards 07

Di gita l Mi rc hi Bl azes New Tra il s 1 4

Awards & Reco gnition 18

ED’s Messa ge 20

Financial Hi ghli ghts 22

Board of Dir ectors 2 4

Not ice 29

Directors’ Re port 43

Report on Cor porate Governance 48

Management Discussion & Analysis 64

Audi tors ’ Report 74

Balance Sheet 7 8

Statement of Profit & Loss 79

Cash Flow Statement 80

Notes forming part of the Financial Statements 82

Statement pursuant to Section 212 of the Companies Act, 1956 10 2

Auditors’ Re port on Consolidated Financial Statements 10 3

Consolidated Balance Sheet 104

Consolidated Statement of Profit & Loss 105

Consolidated Cash Flow Statement 10 6

Notes formin g part of the Consolidated Financial Statements 108 CORPORATE INFORMATIO N

BO ARD OF DIRE CTORS MANA GEMENT TEAM (As on Ma y 17, 2013 ) Prashant Panday, Executive Director & CE O Mr. Vineet Jain, Chairma n N. Subramanian, Grou p Chief Financial Office r Mr. A. P. Parigi Hitesh Sharma, Chief Operatin g Office r Mr. B. S. Nages h Tapas Sen, Chief Pro grammin g Officer Mr. N. Kumar Sujata Bhatt, Chief Marketin g Officer & Head of H R Mr. Ravindra Dhariwal Mr. Ravindra Kulkarn i Mahesh Shetty, Chief Strateg y Officer & RD - (North & East ) Mr. Richard Saldanh a Anand Parameswaran , Chief Business Officer & RD - ( South) Ms. Vibha Paul Rish i Yat ish Mehrishi , EVP & RD - (West & Central ) Mr. Prashant Panday, Executive Director & CE O Van di tta Malh otra Hegd e, SVP & Le gal Head

CO MPANY SE CRETARY Mehul Shah , REGISTERED OFFI CE SVP - Compliance & Company Secretary 4t h Fl oor, A-Wi ng, Matulya Centre, Senapati Bapat Marg, Lower Pare l (W est), Mum bai - 400 013. AUDITORS M/s Price Waterhouse & Co. Bangalore Chartered Accountants CO RP ORATE OFFI CE Trade Gardens, Ground Floor, Kamala Mills Compound, Senapati Bapat Marg, LEGAL ADVI SO RS Lower Parel (West), - 400 013. Mrs. Pratibha M. Singh, Singh & Singh Law Firm LL P Ph one: (022 ) 67536983 Halai & Co., Advocates & Le gal Consultants Webs it e: www. enil.co.in

BANKER S HDFC Bank Limited

RE GISTRAR & SHARE TRAN SFER AGENTS (R & TA ) Karv y Computershare Private Limited, Unit:- Entertainment Network (India) Limited, Pl ot No. 17 to 24, Vi ttal Rao Nagar, Madh apur, Hyderabad - 500 081. Phone: (040) 44655000 Fax: (040 ) 2342081 4

2 THE FUTURE ISN’T HOT – IT’S HOTTER !

“The future depends on what you do today” – Mahatma Gandhi

What we have done today is create a brand that is globally recognized, build a team that is innovative and cutting edge, develop a business that is the undisputed leader and most importantly, induce a hunger for the future that is insatiable. Our today is hot. And our future is definitely hotter!

There are 2 exciting opportunities on the horizon:

In the short term, the private FM radio industry in India is going to expand dramatically. The Phase-3 announcement made by the Finance Minister in his budget speech this year means that FM radio will soon be present in 227 more cities. 839 new FM radio channels will be auctioned and after the auction, all cities having a population of more than 1 lac will be covered by private FM radio. It is a fantastic opportunity for growth – but one that requires deep pockets and solid management expertise. Mirchi is uniquely positioned to take advantage of these opportunities that lie ahead in Phase-3.

And in the long term, the digital revolution will bring about a massive change that will present another opportunity to Mirchi for growth. With the increasing adoption of smartphones and falling costs of broadband connectivity, that revolution is already visible in the distan