Annual Report 2015-16
Zee Media Corporation Limited Annual Report 2015-16 PositiveIndia Contents Corporate Overview Statutory Reports Financial Statements 01 India Positive 10 Notice 60 Standalone 03 Awards & Accolades 16 Directors’ Report 98 Consolidated 05 Channel Portfolio 36 Corporate Governance Report 07 Q&A with the Executive Director 49 Management Discussion & Analysis Cautionary Statement In this annual report, we have disclosed forward looking information to enable investors to comprehend our prospects and to take informed investment decisions. This report and other statements-written or oral-that we periodically make contain forward looking statements that set out anticipated results based on the management’s plan and assumptions. We have tried wherever possible, to identify such statements by using words such as ‘anticipate’, ‘estimate’, ’project’, ’intend’, ’plan’, ’believe’ and words of similar substance in connection with any decision of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. Readers are cautioned that this annual report contains forward looking statements that involve risks and uncertainties including, but not limited to, risks inherent in the Company’s growth strategy, acquisition plans, dependence on certain businesses, and dependence on availability of qualified and trained manpower and other factors. We undertake no obligation to publicly update any observation, whether as a result of new information, future events or otherwise. ii India Positive India, the world’s largest democracy, is on a roll! The country grew at an impressive rate of 7.6% in FY16 and it was the fastest growing economy in the world in spite of one of its major growth engine agriculture facing two consecutive drought years.
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