Balaji Telefilms Limited Annual Report 2019-20 Entertainment – like never before! Years ago, we discovered our passion Our desire to be a household name pushed us to curate stories that resonated with the masses and we challenged ourselves to dream bigger, setting the for storyteling. foundations for new milestones and greater goals. As we celebrated our achievements and accomplished As we learnt to walk the talk – ideas extraordinary feats, we continued to spread our wings, were translated to action and the Balaji to spin the wheel of entertainment – faster and better Telefilms of today was born – reshaping and than before. reinvigorating the world of entertainment. Diversifying our offerings from television content to movie production and on-demand video services, we promptly evolved and transformed to expand our reach. While the changes in newer mediums of entertainment are unmistakable, we remain focused on understanding our audience, genres and markets to propel relentless growth. Identifying a vast opportunity landscape, Balaji Telefilms is now perfectly poised to fulfil its role as a content innovator and collaborator – to formulate a rejuvenating blend of exciting entertainment for the Indian masses. Table of Content Alt Digital Media Entertainment Limited Board’s Report .................................................................... 289 Independent Auditor’s Report ......................................... 307 Corporate Information ................................................................................................ 05 Balance Sheet ........................................................................ 314 Corporate All About Balaji Telefilms ............................................................................................ 06 Financial Statement Of Profit And Loss .......................................... 315 01 Business Performance ................................................................................................ 08 03 Statement Of Cash Flows ................................................. 316 Overview Our cherished legacy of 25 years and counting .................................................. 10 Statements Statement Of Changes In Equity .................................... 318 Message from the Promoters ..................................................................................... 12 Notes ........................................................................................ 319 Message from the Group COO and Group CFO .................................................... 16 Balaji Telefilms Limited Blueprint of our success .............................................................................................. 20 Standalone Financials Navigating Change – Thinking about Tomorrow ................................................ 22 Independent Auditor’s Report .......................................... 115 Marinating Films Private Limited Our value creation model ............................................................................................ 24 Balance Sheet ........................................................................ 124 Board’s Report ..................................................................... 352 More Choices .................................................................................................................... 26 Statement Of Profit And Loss .......................................... 125 Independent Auditor’s Report ........................................ 363 Growing Strength to Strength: Business Segment overview ....................... 28 Statement Of Cash Flows ................................................. 126 Balance Sheet ....................................................................... 370 Awards & Recognition ................................................................................................... 38 Statement Of Changes In Equity .................................... 128 Statement Of Profit And Loss ........................................... 371 Board of Directors .......................................................................................................... 46 Notes ........................................................................................ 129 Statement Of Cash Flows ................................................. 372 Consolidated Financials Statement Of Changes In Equity .................................... 373 Independent Auditor’s Report .......................................... 177 Notes ........................................................................................ 374 Balance Sheet ....................................................................... 184 Statement Of Profit And Loss .......................................... 185 Chhayabani Balaji Entertainment Private Limited Statement Of Cash Flows ................................................. 186 Board’s Report .................................................................... 393 Statement Of Changes In Equity .................................... 188 Independent Auditor’s Report ........................................ 405 Notes ........................................................................................ 190 Balance Sheet ........................................................................ 412 Statement Of Profit And Loss ........................................... 413 Balaji Motion Pictures Limited Statement Of Cash Flows .................................................. 414 Statement Of Changes In Equity ..................................... 415 Board’s Report ..................................................................... 243 Notes ......................................................................................... 416 Independent Auditor’s Report ........................................ 255 Balance Sheet ....................................................................... 262 Management Discussion & Analysis ...................................................................... 50 Statement Of Profit And Loss ......................................... 263 AGM Notice ......................................................... 436 Statutory Board’s Report .................................................................................................................. 61 Statement Of Cash Flows ................................................ 264 02 Corporate Governance Report .................................................................................. 88 Statement Of Changes In Equity ................................... 265 Reports Business Responsibility Report .............................................................................. 109 Notes ....................................................................................... 266 BALAJI TELEFILMS LIMITED Corporate Overview Statutory Reports Financial Statements Corporate Information Board of Directors Group Chief Operating Secretarial Auditors Officer and Chief Mr. Jeetendra Kapoor MMJB & Associates LLP Chairman Executive Officer (ALT (DIN: 00005345) Digital) Registered Office Mrs. Shobha Kapoor Mr. Nachiket Pantvaidya C-13, Balaji House, Managing Director Dalia Industrial Estate, (DIN: 00005124) Group Chief Financial Opp. Laxmi Industrial Estate, Ms. Ekta Kapoor Officer New Link Road, Andheri (West), Joint Managing Director Mumbai – 400 053, Maharashtra. (DIN: 00005093) Mr. Sanjay Dwivedi Tel: +91-22-40698000, Fax: +91-22-40698181/82 Mr. Duraiswamy Gunaseela Rajan E-mail: [email protected] Independent Director Group Head Secretarial Website: www.balajitelefilms.com (DIN: 00303060) Mrs. Simmi Singh Bisht CIN: L99999MH1994PLC082802 Mr. Arun Kumar Purwar Independent Director Senior Management Registrar & Share (DIN: 00026383) Transfer Agent Balaji Mr. Anshuman Thakur Mr. Ketan Gupta Non-Executive Director Chief Operating Officer (Television) KFin Technologies Private Limited (DIN: 03279460) (formerly known as Karvy Fintech Mr. Stephen Daniel Private Limited) Telefilms Ms. Jyoti Deshpande Group Head – HR Selenium Tower B, Non-Executive Director Mrs. Chloe Ferns Qureshi Plot No 31 & 32, Gachibowli, (DIN: 02303283) Creative Director (Television) Financial District, Limited Mr. Pradeep Kumar Sarda Nanakramguda, Serilingampally, Ms. Tanusri Das Gupta Hyderabad – 500 032, Telangana. Independent Director Creative Executive V.P. Digital (DIN: 00021405) Tel: +91-040-6716 2222, 79611000 Ms. Ruchikaa Kapoor Fax: +91-040-23440674 Mr. Virendra Babubhai Dalal Head-Marketing & Branding Toll Free No: 1800-3454-001 Independent Director (Motion Pictures) E-mail: [email protected] (DIN: 00247971) Website: www.kfintech.com Mr. Vimal Doshi Mr. Devender Kumar Vasal Head-Distribution Independent Director (Motion Pictures) Bankers (DIN: 06858991) Mr. Baljit Chaddha Yes Bank Limited Mr. Ramesh Sippy Mr. Manjit Sachdev ICICI Bank Limited Non-Executive Director Creative Directors (ALT Digital) HDFC Bank Limited (DIN: 00652881) Axis Bank Limited Mrs. Divya Dixit Mr. Ashutosh Khanna Oriental Bank of Commerce Vice President-Marketing Independent Director State Bank of India (ALT Digital) (Till July 22, 2020) Central Bank of India (DIN: 03153990) Dr. Archana Hingorani Statutory Auditors Additional Director Price Waterhouse Chartered (Non-Executive Independent) Accountants LLP (W.e.f. August 28, 2020) (DIN: 00028037) 04 Entertainment - like never before! Annual Report 2019-20 05 BALAJI TELEFILMS LIMITED Corporate Overview Statutory Reports Financial Statements All About Balaji Telefilms