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7/31/2019 Zee New Annual Report 11-12
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7/31/2019 Zee New Annual Report 11-12
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ContentsOo Hhh 01
m o h ch 02
so h h m do 04
coo ioo 06
no 07
do ro 09
f Hhh o sby coy 12
coo gov ro 13
m do & ay 24
co o f s 32
so f s 33
po ro ay 58
coo f s 61
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Zee News Limited
OperatiOnal HigHligHts
y effcn nork opraon coupl h nnovav
rvnu ra l o eBitdA grong by 25.8% a `533.5llon fro la yar `424 llon.
y th xng n channl Z N, Z Bun, Z 24taa, 24 Ghana an Z Punjab rvnu gr by 13.3% o
`2,940.4 llon
y th n bun lo hav co on o `227.4llon fro h la yar `442.7 llon. Z tal ha
bn connu.
y in an nvronn hr n gnr avrnrvnu r fla for h nury, avrng rvnu for
your Copany gr by 2.2% o `2,004.6 llon for hyar n march 31, 2012, p connuanc of Z
tal.
y *Z N L. connu o b naon larg n
organzaon an alo a no. 1 n t spn Pr Vr nh 8 ro for h yar n h cor n vr (sourc:
tAm, Cs 25+ m ABC, FY 2011-12, 8 ro).
y th flaghp channl Z N uck o conn ragyof concnrang on concrn rla o h coon an
hrough non-frvolou n. i a no. 2 n r of tspn Pr Vr n 8 ro (sourc: tAm, Cs 15+, FY
2011-12, 8 ro).
y Z Bun por on h pha on ock arkhour an prnng aconabl nforaon o h ral
nvor an sme. i a no. 2 n r of rach
bun vr (sourc: tAm, Cs 25+ m ABC, FY 12, Hsm).
y Your Copany Bngal n offrng, 24 Ghana rco larhp urng h con half of h yar bou
back afr ha lo h op po po a lconchang of govrnn (sourc: tAm, Cs 25+ m A
2011 o mar 2012, wB).
y th marah n channl, Z 24 taa a xrpopular n muba an a no. 2 channl rachng o
abou 3.5 llon vr (sourc: tAm, Cs 15+, FY 12, muba).
y Aong h nly launch channl, Z
Uarakhan & Uar Prah connu larhp Hn harlan (sourc: tAm, Cs 15+, FY 2011-12, U
y Z 24 Ganalu an Z Punjab xcu varou lk spoorh (woan enrprnur Aar) an A
saan (Ananya saan) rpcvly o honouky conrbuor o h ocal an conocal progr
h a.
y Your Copany no ha or opon for h nn conur. Rgonal b for Z 24 taa a
Ghana r launch n aon o h launch of hb. Zn.co h fa grong n
a pr Coscor drc an Googl Analyc.
Z N L. connu o b no l n Ozo anno. 1 t s p V n 8 mro*
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2 ANNUAL RePORt 2011-1
message frOm tHe cHairman
dar sharholr,
th yar gon by prov o b a ng yar for conoacro h glob nclung ina. dp a nubr of globachallng an hgh nflaon n oc conoy, ina ll n rcorng a GdP groh of 6.5% n fcal yar 2011-1
(FY12). in an avr yar ha n connu ghnnof lquy, ncra n nr ra an harp prcaon oinan rup agan Us dollar, h groh, a clar rflcoof h oun nhrn funanal of our conoy.
ma & enrann cor
inan a an nrann (m&e) cor ha a rapr ovr h rcn yar. traonal a of lvon anprn hav connu o rnghn hr rach an rvnuAll along, n a lk onln, obl an gang hav alconnu o acclra hr xpanon n r of rvnuan rach. A a rul, inan m&e cor ha achv copoun annual groh ra (CAGR) of 9.1% b
2007 an 2011. Gong forar, a o gro a CAGR of 14.9% bn 2011 an 2016 accorng o FiCCKPmG inan ma an enrann inury Rpor 2012th uy a inan lvon nury o hav gron ` 329.0 Bllon n 2011, rgrng an ncra of 10.8% ov
` 297.0 Bllon rcor n 2010.
2006
122
183
TV Industry Size (` in Billion)
nSubscription Revenue nAdvertisement Revenue
800
700
600
500
400300
200
100
02007
140
211
2010
194
297
2013
287
435
2008
158
241
2011
214
329
2014
344
514
2009
169
257
2012
250
380
2015
421
618
2016
505
735
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Our nnng ragy copr:
. incra ffcncy hrough raonalzaon of co. Focu on nnovaon. Focu on ubcrpon rvnuv. Lvragng h grong vrhp of our channlv. Lvragng nork opraon o raonalz co a
axz rvnuv. Jucou xpanon
th ar our ol groh founaon for fuur an rco n furhr rnghnng h.
sayng oghr
Bun hc an ranparncy, a culur of collabo
groh an rocracy, a frl orkplac ha fnnovaon, an a gooll pool ha can nvr b coprofor anyhng; h for pllar of our cal. i akopporuny o hank all our vr an avrr, nvan harholr, proucr an rbuor for hr conru an paronag. i congraula vryon n h anagan aff of Z N for hr valu conrbuon.
A h inan lvon nury p no an ra of pgzaon, i bckon ach on of our akholrconnuanc of hr ru an paronag. toghr gron o far, oghr ll gro uch bggr!
B rgar,
sUBHAsH CHANdRACharan
dgzaon n lvon
inan lvon nury appar o b ha oar
abolu gzaon no. th uch aa p ha ponalo ranfor h nr lvon lancap coplly. Brvng xprnc, choc of ha channl o ubcrb o,ranon of or channl o houhol, c. ar gong obnf h conur nly.
wha of grar gnfcanc h arably hagzaon ll nuc n lvon coy. Arablyll brng abou gnfcan rul for h Broacar lk ourCopany. dgzaon oul conrbu oar xpanon nubcrpon rvnu conrably for pa channl by pluggngn h lakag.
Po for h nx lapOur focu on nurng currn lvrabl ha kp u ngoo a. w hav ahr h rconary prur of2008-09 an afrhock pry ll. wh gzaonnhancng our bun pcru, ar gong o lvrag ourrong funanal oar acclra groh. A Z N, ar po for our nx lap.
Z N L. n FY12
A Z N L., connu o ay focu on our long-r ffrnaor an groh rvr n h yar gon by.
sayng focu on n ha ar an hough hanabl ork lk a lghhou for u an ffrna u froho ho packag nrann or ror o anufacurngnaonal n. Our con o lvr harholrvalu by kng profabl groh ha kp u n gooa onc agan. Our oprang rvnu hav rach o
` 3072.2 mllon n FY12,. Profably ha alay broughgrar gnfcanc o our groh. th fac ha havrcor an prv 51.4% groh n our N Prof Bfortax, akng o ` 470.3 mllon n FY12 fro ` 310.7 mllon nFY 11, f our opraonal xcllnc an rolv o provcurrn lvrabl.
encouragng prforanc lk h, ha oo n ffcul
conoc nvronn, furhr rnghn our blf n VrFr approach. Kpng n ln h our phloophy, Aprl 2012onar hav ruc our nvnory gnfcanly o lv upo h conur nr. i a ragc con hch houlpay rch vn n h gz ra. such nav hlp ufor pr ngagn h our vr an n urn nablu o lvr qualy rurn o our avrr.
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4 ANNUAL RePORt 2011-1
sessiOn witH tHe managing directOr
Ho o you v h prforanc of ZN n fcal yar 2011-12?
th yar gon by a a vry ffcul yar for our conoy an
varou conun nclung inan ma & enrann
cor. inan lvon cor groh a o hav
ora o 10.8% n calnar yar 2011 a pr FiCCi-KPmG
inan ma an enrann inury Rpor 2012.
th fac h backgroun o rv our prforanc
sayng focu on purung qualav an uan groh
our conola rvnu oo a ` 3,072.2 mllon n FY 12
Our 2 n channl ruc hr eBitdA lo p n
acro-conoc nvronn.
A ovrall lvl, gr our conola n prof bfor
ax by 51.4% o ak o ` 470.3 mllon n h yar un
rv, up fro ` 310.7 mllon n h prvou yar. managn
o arr h ncra n oprang xpnur o 8.3% an
harp rucon of ovr 15.2% n fnancal xpn ran h
hgh pon of opraonal xcllnc for h yar.
wha r h hgh pon of opraonurng h yar?
Connu ucc an groh of our Copany can b arbu
o our rolv o rv our vr h n ha ak n
ovr n ha naonalz. wh fv a unrgong po
n h yar unr rv, our n channl play an acv
rol n ncouragng vor o parcpa n lcoral proc
an ak rgh choc n hr rpcv conunc. Ou
nav Apka Vo Apk taqa, hch ha bn uppor an
apprca by elcon Coon of ina, play a crca
rol n h rgar. w alo connu o honour ouann
Punit GoenkaMgg Drcr
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Zee News Limited
achvr fro ffrn alk of lf hrough progra lk
Ananya saan, Krh saan, an Hun for ina sar
invor.
Abov nav ranla no rch gan n copv
anng of our n channl. A a pur-play n copany,
Z N L raffr larhp poon by ranng
No.1 n nork n ina n r of pn pr vr n
Hsm a pr tAm.
Ho o you v propo gzaon oflvon conn rbuon an hapac ll hav on h bun of Z
N?th rgnc of prva broacar n ina, o hr
ca ago, a a brakhrough vn n h hory of
npnn ina. snc hn, lvon ha a gnfcan
conrbuon n hapng up gnraon n h counry. if ina
ha rg a a lang conoc forc on h orl ap,
lvon ha hlp n prparng h young ina a a crn
a by xpong h o global lfyl, ork hc, volv
orn n an o on. i v lvon a a bg ocal
rforr n ina.
dgzaon, o , h bgnnng of a n ra for inan
lvon, hrn ll ranfor lf. th ov ll hlp h
nury covr an organz an ranparn ay of orkng
n an ngra coy. All h ky akholr cuor,
broacar, aggrgaor, rbuor an xchqur ll
bnf fro nly.
ZNL ha alay anan focu on ulpl rvnu
ourc. An no xpc ha gzaon hall ranla
no groh ulplr n ubcrpon rvnu. th, n urn
hall rnghn our fnancal poon furhr an nabl u o
puru nr avnu of groh, organc a ll a norganc.
wh all h gnr an channl bng avalabl qually, conn
ffrnaon oul b h kng. th opn up anfol
xpanon opon n rgonal n a ll a pcal nr
channl.
Ho o h cour of fuur apparZ N?
w hav ahr a long ory pha fro FY 09 o FY1
ll. toughn n h nvronn appar o b boo
ou ohr a h lvl. Opporuny lancap ov
cong 4-5 yar rp h rnou ponal; gv
pobl provn n conoc acv, gza
lvon conn rbuon an conolaon n h
pac an o on.
A Z N, hav bul a ol groh fraork
7 n channl acro anra an bun n,
Hn an alo four rgonal languag. A va nophycal an huan a an an ray for accl
groh. i a raonably cran of lvrng uch or
akholr n h cong 5-7 yar h an nhanc h
vrhp, rvnu an profably aong our pr.
dp avr lk hghly fragn lvon
gn, prolong challng acro-conoc nvron
an nn copon; hav lvr con
prforanc. w ar ray o lvrag gzaon an
po o ak our nx lap.
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6 ANNUAL RePORt 2011-1
cOrpOrate infOrmatiOn
subhah Chanra :Narh Kuar Bajaj :
Kancharana Upnra Rao :
Vno Bakh :
Pun Gonka :
CharanNon-excuv inpnn drcor
Non-excuv inpnn drcor
Non-excuv inpnn drcor
managng drcor
Chf excuv Offcr
excuv Vc Prn (sal)
Chf Fnancal Offcrsr. Vc Prn (tchncal)
sr. Vc Prn (H. R.)
dy. Vc Prn (markng Z N)
Bun Ha (Z Bun)
Ha Opraon & eoral (24 taa)
Ha Rarch & Conulng eor
Copany scrary
Barun da :
A trpah :
dnh Garg :Y. P. sngh :
Prap Gula :
Roh Kuar :
Rakanu da :
Uay Nrgukar :
Rakh Khar :
Puhpal sanghav :
mGB & Co, Charr Accounan
RegisteredConnnal Bulng
135, dr. Ann Ban Roaworl, muba - 400 018
maharahra
Corporate
el suo FC-19
scor 16ANoa - 201 301
Uar Prah
Zee 24 Gantalu6-2-935/2, savr Nlaya
KharabaHyraba - 500 004
Anhra Prah
Zee 24 Taas4h Floor B wng
mahu inural eaPanurang Buhkar marg
worl, muba - 400 013maharahra
sa Bank of ina
BNP ParbaiCiCi Bank L.
BOard Of directOrs
auditOrs
Offices
seniOr management
Bankers
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Notice
Noc hrby gvn ha h 13 h Annal Gnral mng of
h mbr of Z Nws Lmd ll b hl on thray,Jly 19, 2012 a 11.00 a.. a th Hall of Harony, Nhr Cnr,
dr. Ann Ban Roa, worl, mba 400 018 o ranac hfollong bn:
oRDiNARY BUSiNeSS:
1. to conr an aop h a san of Prof an
Lo of h Copany for h yar n on march 31, 2012an h Balanc sh a a ha a, on a analon an
conola ba, oghr h h rpor of h Aoran drcor hron.
2. to appon a drcor n plac of mr. Vno Bakh, ho
rr by roaon, an bng lgbl, offr hlf forr-apponn.
3. to appon m/ mGB & Co., Charr Acconan, havngFr Rgraon No. 101169w, a h saory Aorof h Copany o hol offc fro h conclon of
h ng nl conclon of h nx Annal Gnralmng, a a rnraon o b rn by h Boar
of drcor of h Copany.
SPeciAL BUSiNeSS:
4. to conr an f hogh f, o pa h follong
rolon, h or ho ofcaon(), a a Spal
Rslun:
Rolv ha pran o h provon of scon 198,
309 an ohr applcabl provon, f any, of h CopanAc, 1956 (h Ac), h Non excv drcor of h
Copany b pa rnraon by ay of Coon noxcng 1% of n prof of h Copany cop n
accoranc h h provon of scon 198(1) of h Acfor a pro of fv yar concng fro Aprl 1, 2012, n
aon o ng f for anng h ng of Boaran/or any Co hrof, o b v aong h
Non excv drcor n ch annr an bjc och crra a h Boar of drcor of h Copany ay
rn fro o .
By orr of h Boar
Plac: Noa Pushpal Sanghavda: may 16, 2012 Copany scrary
Rgsrd off:Connnal Blng, 135,
dr. Ann Ban Roa,worl, mba 400 018
NoteS:
1. A mmbr nld and and v a h m
s nld appn prxy and and v nf hmslf and h prxy nd n b a mmb
h cmpany. Prxs n rdr b ffv mudpsd wh h cmpany n lss han 48
bfr h mmnmn f h mng.
2. Corpora br ar rq o n o h Rg
Offc of h Copany, a ly crf copy of h Rolon, pran o scon 187 of h Copan
1956, ahorzng hr rprnav o an an vh Annal Gnral mng.
3. th Rgr of mbr an shar tranfr Book
Copany ll ran clo fro saray, Jly 7, 20Fray, Jly 13, 2012 (boh ay nclv) for h prp
Annal Gnral mng.
4. explanaory san pran o scon 173 (2) Copan Ac, 1956, rlang o h spcal Bn
ranac a h Annal Gnral ng, annx
5. Qr on accon an opraon of h Copany, ay b n o h Copany scrary a h rg
offc, vn ay n avanc of h ng o a o h anagn o kp h nforaon ray a
ng.
6. A rqr nr Cla 49 of h Lng Agrrlvan nforaon n rpc of h drcor k
apponn a h Annal Gnral mng gvn
Rpor on Corpora Govrnanc, hch for par Annal Rpor.
7. Rcognzng h pr of h Grn inav n Cor
Govrnanc na by h mnry of Corpora Ah Copany propo o n Annal rpor an
ocn/noc o harholr o h al aprov by dpoor. sharholr ar rq
rgr an /or pa al ar h h rpdpoory Parcpan or h Copany, o nr
ocn fro h Copany rach hr pral ar.
8. mbr ho ar holng Copany har
aralz o ar rq o brng al oBnfcary Accon Nbr for nfcaon.
9. mbr ar rq o rgr hr al a
an alo nofy aly abo any chang nar / al ar / ana / bank al o
dpoory Parcpan n rpc of hr harhol
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8 ANNuAL RePORt 2011-1
da o an n rpc of hr phycal harholngo h Copany Rgrar an shar tranfr Agn,
m/ sharpro srvc (ina) Pv. L., a 13AB, saha
warhong Coplx, scon Floor, saknaka tlphonexchang Lan, Off Anhr-Krla Roa, saknaka, Anhr(ea), mba-400 072 an/or a 912, Rahja Cnr, Fr
Pr Jornal Roa, Naran Pon, mba-400 021.
10. unr scon 109A of h Copan Ac, 1956, brar nl o ak nonaon n rpc of har hl
by h n phycal o. mbr ro of akng
nonaon ar rq o n hr rq n For2B, n plca (hch ll b a avalabl on rq)
o h Copany Rgrar an shar tranfr Agn aabov ar.
eXPLANAtoRY StAteMeNt UNDeR SectioN 173(2) oF tHe
coMPANieS Act, 1956
im N. 4.
A h 8h Annal Gnral mng hl on Jly 31, 2007, hmbr of h Copany ha approv a propoal for payn
of Coon of po 1% of N Prof of h Copany, oNon-excv drcor of h Copany for a pro of 5 yar
concng fro Aprl 1, 2007. th a approval of brxpr on march 31, 2012. thogh h arlr propoal a
bjc o approval by Cnral Govrnn, n march 2011mnry of Corpora Affar allo payn of Coon
o Non-excv drcor n aon o sng f, hn hl prcrb nr scon 309(4) of h Copan Ac,
1956, bjc only o h approval of h harholr.
Conrng h n o arac npnn profonal anaqaly copna Non-excv drcor for hr rol
an rponbl n h Copany an vo an
conrbon a n h affar of h Copany, yor Boar a ng hl on may 16, 2012 ha rcon paynof Coon o Non-excv drcor for a pro of fv
fnancal yar concng fro Fnancal Yar 2012-2013.
in coplanc h scon 309(4) of h Copan Ac1956, h aggrga aon of Coon payabl o a
Non excv drcor of h Copany rng any fnancayar hall no xc 1% of h n prof a cop n
scon 198 of h Copan Ac, 1956.
Yor Boar rcon Rolon No. 4 for yor approval bpang a spcal Rolon pran o scon 309(4) of h
Copan Ac, 1956.
All Non-excv drcor ay b o b nr oconcrn n pang of h spcal Rolon.
By orr of h Boar
Plac: Noa Pushpal Sanghavda: may 16, 2012 Copany scrar
Rgsrd off:Connnal Blng, 135,
dr. Ann Ban Roa,worl, mba 400 018
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Zee News Limited
to h mbr
Yor drcor ak plar n prnng h 13h Annal Rpor
of yor Copany oghr h A san of Acconfor h yar n march 31, 2012.
FiNANciAL PeRFoRMANce
th fnancal prforanc of analon opraon of yorCopany rng h Fnancal Yar 2011-12 arz nh follong abl:
(` n mllon)
Parulars Fr h yar ndd
Marh 31,2012
Marh 31,2011
toal rvn 2,878.34 2,538.97
toal xpn 2,538.80 2,383.20
Prf bfr ax and xpnalms
339.54 155.77
excponal (166.74) -
Prof bfor ax 172.80 155.77
Provon for axaon 110.80 57.97
Prf afr ax 62.00 97.80
Balanc brogh forar 1,223.22 1,125.42
Balan arrd balan sh 1,285.22 1,223.22
DiViDeND
wh a v o conrv h rorc for fr bnrqrn an xpanon plan, yor drcor ar of v hah crrn yar prof b plogh back no h opraon an
hnc no vn rcon for h yar nr rv.
oPeRAtioNS & StRAteGY
whl hr a gnral phora of groh n h anry a h bgnnng of 2011-12, bgan o on ah yar progr. evnally, h con half a a lgghpro hrn h avrn pn by h corporaapr gnfcanly n aon o h argn akng a h forh a nry n gnral. Hovr, yor Copany lk hprvo loon pro, no only a rongly agan h, b alo rg a on of h o ccfl lvonn opraor n h conry.
svral Nork lvrag propr l o halhy avrnrvn a ll a arkng pac for h copany. Ananyasaan, yor Copany navor o honor h ral hroof or conry ha bn xc acro h lngh an brahof h naon. th bran ha bn xn o honor docorhrogh sah Bhara saan, inral hrogh uyasaan n uar Prah an Anhra Prah an Farrhrogh Agr Aar. Ovr 100 o rvn gnrang vnr conc o connc h vr an nhanc branagry.
DiRectoRS RePoRt
th Nork hrogh foc on raonal an ro nr ha ha h hgh t spn Pr Vh 8 ro for h yar n h cor n vr g
(sorc: tAm, Cs 25+m ABC, FY 2011-12,8 ro).
th flaghp channl, Z N, ck o conn raconcnrang on concrn rla o h coon an hnon-frvolo n. i a No. 2 n r of t spn Pr Vn 8 ro (sorc: tAm, Cs 15+, FY 2011-12, 8 ro)
Z Bn por on h pha on ock ark an prnng aconabl nforaon o h ral nvosme. i a No. 2 n r of rach n ky bn vgn (sorc: tAm, Cs 25+m ABC, FY 2011-12, Hsm
Yor Copany Bngal n offrng, 24 Ghana rcovlarhp rng h con half of h yar, boncngafr ha lo h op po po a lcon an chof govrnn (sorc: tAm, Cs 25+m AB, Oc 2011 2012, wB).
th marah n channl, Z 24 taa, ran xrpoplar n mba an a No. 2 channl rachng abomllon vr (sorc: tAm, Cs 15+, FY 2011-12, m
Aong h nly lanch channl, Z N uara& uar Prah conn larhp n h Hn ha(sorc: tAm, Cs 15+, FY 2011-12, uP).
Z 24 Ganal an Z Pnjab xc varo vnspoorh (woan enrprnr Aar) an Anha sa(Ananya saan) rpcvly o honor h ky conrb
h ocal an conocal progr of h a.
Yor Copany no ha coprhnv an or opoh n ag n conr. Zn.co h ohn englh a h fa grong n b n inpr Coscor drc an Googl Analyc. Rgonal bZ 24 taa an 24 Ghana r alo lanch rng hn aon o h nagraon of h Hn b.
whl h vrhp prforanc ha bn prvfnancal ar ncoragng oo, a yor Copany foragy of lvragng Nork rngh o ffcnly kpnr chck. th eBitdA gr fro `265.4 mllon o `mllon, a gnfcan groh of 52% yar on yar.
Ovrall, yor Copany ha bn grong on a yar on yanc rgr of h Rgonal Gnral enrann Cha(R-GeC). A ha bn a bfor, h groh ha co ffcl ark conon an gnfcan conrnprforanc of h ohr tlvon N Nork.
PUBLic DePoSitS
drng h yar nr rv, yor Copany ha no accor rn any po hn h anng of scon 5
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10 ANNuAL RePORt 2011-1
h Copan Ac, 1956 an rl a hr nr.
coRPoRAte SociAL ReSPoNSiBiLitY
Corpora socal Rponbly (CsR) a ky par of yor Copanybn. Apar fro bng a rponbl br of h Forhea, yor Copany alo xc vral nav hroghoh yar hch bnf h ocy n gnral. in aon, hr gnfcan aon of conn hch vo o hlpngh vr hrogh h progra Z Hlpln, hrn hNork nr ha h rgh of h coon an ar procan h qr ar rolv by h anraon.
Or flaghp CsR nav Ananya saan rly rn naonalhn a xc n all or Nork channl. i a nqnaon nav o nfy an honor nng hro,ho lnly conrb o or ocy. Anohr nvronnalcapagn my earh my dy a apprca by non ohr
han h un Naon. my earh my dy on of h largcla aarn capagn hrn plan r acroina. th naon larg vor aarn nav Apka VoApk taqa rly cra an pac n h a hr lconook plac an a on of h facor lang o ncravor rno.
Apar fro h, yor Copany, a par of h el Grop ofCopan, ha a a nf an cnralz lvl, p n plac aCsR polcy. drng h yar nr rv, el Grop conn oppor ca of ekal Vyalaya Fonaon, an NGO ha ork obrng abo bac lracy an halh aarn aong h rbalan rral poplaon of ina; Global Vpaana Fonaon hchhlp propaga Vpaana, h non-caran raonal proc oflf-prfcaon h h a of brngng abo pac boh hnh nval an h ocy n gnral; Global Fonaon forCvlzaonal Harony, a boy hch a o cra a pacflan harono ocy; an Naonal Fonaon of ConalHarony, an aonoo organzaon p by mnry ofHo Affar.
eMPLoYeeS StocK oPtioN ScHeMe
tll a of h rpor yor Copany ha no gran anysock Opon hr o ploy or drcor nr ZNLesOP sch 2009 approv by h mbr a h 10hAnnal Gnral mng hl on Ag 18, 2009. in v ofh, parclar a rqr nr Cla 12 (dclor n h
drcor Rpor) of scr an exchang Boar of ina(eploy sock Opon sch an eploy sock Prchasch) Gln, 1999, ar Nl an Copany ha nooban any crfca fro h saory Aor confrngplnaon of h eploy sock Opon sch naccoranc h seBi gln an h rolon pa byh harholr.
coRPoRAte GoVeRNANce
in aon o rcly coplyng h Cla 49 of h LnAgrn, yor Copany co o ahrnc of hhgh anar of Corpora Govrnanc. in ln h yoCopany con o xcl n plnng b CorporaGovrnanc pracc, yor Boar ha arlr approv anpln a Corpora Govrnanc manal hch rv ag o vry bn acvy / con akng n h CopanRpor on Corpora Govrnanc a pla nr h LnAgrn() h h sock exchang a alo a managndcon an Analy Rpor for par of h Annal Rpor
Crfca fro h saory Aor of h Copany, m/mGB & Co., Charr Acconan, confrng coplanc h provon of Corpora Govrnanc a pla n Cla49, annx o h a Corpora Govrnanc Rpor.
DiRectoRS
mr. Vno Bakh, drcor, rr by roaon a h nnAnnal Gnral mng an bng lgbl ha offr hfor r-apponn. Yor Boar ha rcon h rapponn.
SUBSiDiARY coMPANY
Yor Copany conn o hol 60% qy ak n sbary, Z Akaah N Prva L. san prano scon 212 of h Copan Ac, 1956 n conncon Z Akaah N Pv. L., aach hrh an for paof h rpor.
in accoranc h Acconng sanar As 21 ConolaFnancal san ra h Acconng sanar As 23 Acconng for invn n Aoca, an Acconnsanar As 27 Fnancal Rporng of inr n JonVnr, h a Conola Fnancal san arprov n an for par of h Annal Rpor.
A h mbr ar aar, h mnry of Corpora Affarha prov gnral xpon o copan fro coplynh scon 212 (8) of h Copan Ac, 1956, prov ccopan pblh h a conola fnancal ann h Annal Rpor. Yor Boar ha c o aval h agnral xpon an accorngly, h Annal Accon oZ Akaah N Prva L for h fnancal yar n
march 31, 2012 ar no bng aach h h AnnaRpor. Rq fnancal hghlgh of h a bar annx o h Rpor. th a Annal Accon anrla nforaon of h bary ll b a avalablpon rq or for npcon a h rgr offc, by anharholr of h Copany.
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AUDitoRS
saory Aor, m/ mGB & Co., Charr Acconan,havng Fr Rgraon No. 101169w, hol offc nl hconclon of h nng Annal Gnral mng an arlgbl for r-apponn.
th Copany ha rcv concaon fro h saoryAor confrng ha () hr r-apponn, f a, olb hn h l prcrb nr scon 224(1B) of hCopan Ac, 1956; () ha hy ar no qalf for r-apponn hn h anng of scon 226 of h a Ac;an () hy hav bn prov a val crfca fro h PrRv Boar of h in of Charr Acconan of ina.
coNSeRVAtioN oF eNeRGY, tecHNoLoGY ABSoRPtioNAND FoReiGN eXcHANGe eARNiNGS AND oUtGo
Yor Copany no h bn of Broacang of N &Crrn Affar Channl n Hn an varo rgonal langag.snc h o no nvolv any anfacrng acvy, o ofh nforaon rqr o b prov nr scon 217(1)() of h Copan Ac, 1956 ra h h Copan(dclor of Parclar n h Rpor of h Boar of drcor)Rl, 1988, no applcabl.
Hovr h nforaon a applcabl gvn hrnr:
Conservation of Energy:
Yor Copany, bng a rvc provr, rqr nal nrgyconpon an vry navor ha bn a o nropal of nrgy, avo aag an conrv nrgy a
far a pobl.
Technology Absorption:
in navor o lvr h b o vr an bnparnr, yor Copany ha bn conanly acv n harnngan appng h la an b chnology n h nry.
Foreign Exchange Earnings and Outgo:
Parclar of forgn xchang arnng an ogo rng hyar ar gvn n No No. 37 o 39 of No o h Fnancalsan of h Copany
PARticULARS oF eMPLoYeeS
th nforaon rqr nr scon 217(2A) of h
Copan Ac, 1956 ra h h Copan (Parclar ofeploy) Rl, 1975 a an ar o n an annxro h Rpor. Hovr, n r of scon 219(1)(b)(v) of hAc, h al ar no bng n a par of h Rpor an
any harholr nr n obanng copy of h ar o h Copany scrary.
DiRectoRS ReSPoNSiBiLitY StAteMeNtPran o h rqrn of scon 217(2AA) of h CoAc, 1956, an ba on rprnaon rcv frooprang anagn, h drcor hrby confr ha:
() n h prparaon of h Fnancal san foyar n march 31, 2012, h applcabl Accosanar hav bn follo an hr ar no parr;
() hy hav lc ch acconng polc n conh h saory Aor an appl h conan a jgn an a ha ar raonabprn o a o gv a r an far v of h a
affar of h Copany a a h n of h fnancaan of h prof of h Copany for h fnancan march 31, 2012;
() hy hav akn propr an ffcn car o h bhr knolg an ably for h annanc of aacconng rcor n accoranc h h provon Copan Ac, 1956. thy confr ha hr ar ay an conrol for afgarng h a oCopany an for prvnng an cng fra anrrglar; an
(v) hy hav prpar h Annal Fnancal sangong concrn ba.
AcKNoWLeDGeMeNtS
Yor Boar ak h opporny o plac on rcoapprcaon for h caon an con of phon a all lvl hch hav conrb o h ccyor Copany. Yor drcor alo xpr hr grah valabl ppor an co-opraon xn by vGovrnnal ahor, nclng mnry of inforan Broacang, dparn of tlconcaon anakholr nclng bankr, fnancal non, vvnor an rvc provr.
For an on bhalf of h
Pun Gnka Narsh Kumarmanagng drcor drcor
Plac: Noada : may 16, 2012
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Samn rlang Subsdary cmpany pursuan Sn 212 f h cmpans A, 1956
N. Nam f h Subsdary Z Akaash Nws Prva Lmd
1 th Fnancal yar of h bary copany n on march 31, 2012
2 Holng Copany Z N L
3 exn of holng Copany nr 60%
4 Fac val pr qy har `10/-
5 No. of eqy har hl by h holng copany 2,399,982
6 N aggrga aon of prof/(lo) of h bary o far a concrn h brof h holng copany an al h n accon of holng copany:
) For h fnancal yar n on march 31, 2012 NiL
) For h prvo fnancal yar of h bar nc bca a bary NiL
7 N aggrga aon of prof/(lo) of h bary o far a concrn h brof h holng copany an no al h n accon of holng copany:
) For h fnancal yar n on march 31, 2012 ( n mllon) 53.47
) For h prvo fnancal yar of h bar nc bca a bary(` n mllon)
105.74
For an on bhalf of h Boar
Plac: Noa Pun Gnka Narsh Kumar Bajada : may 16, 2012 managng drcor drcor
FiNANciAL HiGHLiGHtS oF SUBSiDiARY coMPANY FoR tHe
YeAR eNDeD MARcH 31, 2012Na of h sbary - Z Akaash Nws Prva Lmd
Parulars Amun(` n Mllns)
Summary Balan Sh
shar Capal 40.00
Rrv & srpl 275.03
toal A 408.31
toal Labl 93.28
invn (xclng bar) -
Summary Samn f Prf & Lss
toal Rvn 361.94
Prof bfor ax 130.81
tax expn 41.70
Prof afr ax 89.11
Propo dvn -
ANNeXUReS to DiRectoRS RePoRt
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coRPoRAte GoVeRNANce RePoRt
coRPoRAte GoVeRNANce PHiLoSoPHY
Corpora Govrnanc phloophy of Z N L fro blf ha h Copany bn ragy, plan
an con hol b conn h h lfar of all akholr, nclng harholr, vr c. GooCorpora Govrnanc pracc nabl a Copany o aracfnancal an han capal an lvrag h rorc oaxz long-r harholr val, hl prrvng hnr of lpl akholr, nclng h ocy a larg.Corpora Govrnanc a Z N L fon pon 4pllar of Cor Val vz., tranparncy, ingry, Hony anAcconably.
Yor Copany ha la rong fonaon for akng CorporaGovrnanc a ay of lf by conng a Boar h balancx of profonal of nnc an ngry fro hn ano h bn, forng a cor grop of op xcv,ncng copn profonal acro h organzaon anpng n plac y, proc an chnology. in navoro prov on h Corpora Govrnanc pracc, h Boarha aop a Corpora Govrnanc manal hch rva g n varo acv an con n noral corof bn.
BoARD oF DiRectoRS
Composition & Category of Directors
Yor Copany n rc coplanc of Boar coporqrn nclng ha of h Lng Agrnay-o-ay anagn of h Copany nr ky anagn pronnl l by h managng drcoopra nr h prnnnc, rcon an conrol Boar. th Boar rv an approv ragy an ovh acon an prforanc of h anagn o nrh long-r objcv of nhancng akholr val
cmpsn f h Bard as n Marh 31, 2012
cagry f Drrs N fDrrs
% af Dr
excv drcor 1 20.00
Non-excv inpnndrcor
3 60.00
Ohr Non-excv drcor 1 20.00
tal 5 100.0
inpnn drcor prov appropra annal crfco h Boar confrng afacon of h conon ofbng npnn a la on n Cla 49.
BoARD MeetiNGS AND PRoceDURe
drng h fnancal yar nr rv fv (5) ng of h Boar of drcor r hl on may 25, 2011, Jly 25, 2011, Oc
19, 2011, Janary 17, 2012 an march 27, 2012. in coplanc h Cla 49 of h Lng Agrn, h gap bBoar ng no xc for onh.
Parclar of drcor, hr ananc a h Annal Gnral mng an Boar mng hl rng h fnancal yar 20an alo hr ohr rcorhp n Pblc Copan (xclng Forgn Copan an scon 25 Copan) & br
A & shar tranfr Co of ohr Copan a march 31, 2012 ar a nr:
Nam f Drr Andan a N f Drrshp nhr publ mpans
N f cmm pshld n hr publ mp
Bard Mng(tal 5 Mngs)
12h AGM hldn 25.07.11
Mmbr charman Mmbr charma
Nn-exuv indpndnDrr
Narh Kar Bajaj 5 Y 2 3 2 2
Vno Bakh 5 Y 3 - 1 -K u Rao 5 Y - - - -
Prmr Nn-exuvDrr
sbhah Chanra 3 No 1 4 - -
exuv Drr
Pn Gonka 4 Y 9 - 1 -
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14 ANNuAL RePORt 2011-1
schl of h Boar ng for ach yar ar c lln avanc an conca o h drcor. Boar ng
ar gnrally hl hr a h rgr offc a mba or
a h corpora offc a Noa. th agna alongh hxplanaory no ar n o h drcor ll n avanc onabl h o ak nfor con. Chf excv Offcr
an Chf Fnancal Offcr ar norally nv o h Boarng o prov ncary ngh no h orkng of h
Copany an for cng corpora rag. All rlvannforaon rqr o b plac bfor h Boar of drcor
a pr Cla 49 of h Lng Agrn, ar conr anakn on rcor/approv by h Boar.
th Boar procally rv coplanc rpor n rpc of
varo la an rglaon applcabl o h Copany.
Brf prfl f Drrs prpsd b r-appnd a h
nsung Annual Gnral Mng
Mr. Vnd Baksh a Non-excv inpnn Boar br
of h Copany. mr Bakh an xprnc profonal hcarr pannng ovr 4 ca n oc an ovra
arkng, pblc rlaon, anraon an ag blngholng nor poon n rp organaon lk Car ina,
Gabrl ina L., ecor L., wllaon & magor grop, exinr L., BBC c. A BBC Rn drcor n ina, h
a rponbl for pporng ragc rcon, nllngoprang anar o achv goal, blng aln an
bn nfrarcr, a ll a nhancng bn grohan pholng an provng h ag of BBC.
Apar fro bng profonal, mr. Bakh a panr ofrp an br of Lala Kala Acay an Cnral FlCnor Boar
Apar fro Copany, mr. Bakh hol rcorhp n el
shya Concaon L, mor Bar ina L anwr an wrl (ina) L.
mr. Bakh o no hol any qy har of h Copany n hna a a march 31, 2012.
coDe oF coNDUct
th Boar of drcor of h Copany ha approv an
aop Co of Conc for mbr of h Boar an snormanagn of h Copany. th Co crcla o all
h br of h Boar an snor managn pronnlan h coplanc of h a affr by h annally.
th Co ha bn po on Copany b vz. .zn.co.
A claraon affrng coplanc h h Co of Conc
by h br of h Boar an snor managn gvn blo:
Dlaran
i confr ha h Copany ha oban fro all drcor
an snor managn of h Copany hr affraon ocoplanc h h Co of Conc for mbr of h Boaran snor managn of h Copany for h fnancal ya
n march 31, 2012.
Pun Gnkamanagng drcor
Noa, may 16, 2012
BoARD coMMitteeS
Yor Boar ha con varo Boar an excvCo for ooh an ffcn opraon of ay-o
ay bn of h Copany. Apar fro A Co
Rnraon Co an shar tranfr & invorGrvanc Co, yor Boar ha con a Fnancsb-Co, for approvng fnancng facl ancon
h Copany fro o an Corpora managnCo, for gnral bn prpo. Yor Boar ha
prov for al gln on conon, qor, copan procr o b follo by h Co. mn
of h procng of ach ng of h Co hlbn o Boar ng ar crcla o h Boar
mbr along h agna papr an akn on rcor by hBoar a ng.
Rlvan parclar of A Co, Rnrao
Co an shar tranfr an invor Grvanc
Co ar a al hrnr.
Aud cmm
Terms of reference
th rol an por of h A Co a o Cla 49 of h Lng Agrn() h sock exchang
an scon 292A of h Copan Ac, 1956. th r orfrnc of h A Co broaly ncl:
Ovrgh of Copany fnancal rporng proc an
clor of fnancal nforaon.
Rv h h anagn, qarrly an annal fnanca
an.
Rv of rla pary ranacon.
Rv Copany fnancal an rk anagn polc
Rv h h anagn, xrnal an nrna
aor, aqacy of nrnal conrol y.
Rv of fnancal an, nvn, n anrla pary ranacon of bary copany.
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Rcon o h Boar h apponn, r-apponnan roval of h aory aor an fxaon of hr
rnraon.
dcon h aory aor abo h nar ancop of a a ll a po a con o acran
any ara of concrn an nrnal conrol aknobrv by h aory aor.
dcon of inrnal A Rpor h nrnal aor
an gnfcan fnng an follo-p hron an nparclar nrnal conrol akn.
Constitution
th A Co crrnly copr of hr (3)
inpnn drcor an char by mr. Narh Kar Bajajan inpnn drcor. drng h yar nr rv, A
Co for fv (5) on Aprl 14, 2011, may 24,2011, Jly 25, 2011, Ocobr 19, 2011 an Janary 17, 2012.
th al of copoon of h A Co, hchcopl h h rqrn of scon 292A of h Copan
Ac, 1956 an Cla 49 of h Lng Agrn(), along hananc of h Co br a h ng hl
rng fnancal yar 2011-12 ar a al hrnr:
Nam &Dsgnan fcmm Mmbr
cagry N. f mngsandd durng hyar undr rvw
Narh Kar Bajaj,
Charan
Non-excv -
inpnn
5
Vno Bakh,mbr
Non-excv -inpnn
5
K. u. Rao, mbr Non-excv -inpnn
5
A Co ng ar gnrally an by h
managng drcor, Chf excv Offcr, Chf FnancalOffcr an rprnav of h saory Aor of h
Copany. inrnal Aor hav an A Comng hrn h inrnal A rpor r conr by
h Co. th Copany scrary ac a h scrary ofh A Co.
Rmunran cmm & PlyTerms of reference
th r of rfrnc of h Rnraon Co, inter
alia, con of rvng h ovrall copnaon polcy, rvc
agrn, prforanc ncnv an ohr ployconon of excv drcor(). th rconaon
Rnraon Co ar conr an approv b
Boar of drcor, bjc o h approval of h harhohr ncary. Aonally h Rnraon Coha bn v h h por for anraon
plnaon of Copany eploy sock Opon sc
Constitution
th Rnraon Co crrnly copr of mr. Bakh, Non-excv inpnn drcor a Chara
mr. K. u. Rao, Non-excv inpnn drcor ansbhah Chanra, Non-excv drcor a mbr
Copany scrary h scrary of h Co.
drng h yar nr rv, Rnraon Co
onc, on march 27, 2012 an h a ng a anall mbr xcp mr. sbhah Chanra.
Details of Remuneration Paid
drng h yar nr rv, no rnraon a pa
Pn Gonka, ho a appon a managng drcor Copany on a conracal ba n r of rolon p
by h harholr a h 11h Annal Gnral mng h
Ag 31, 2010 for a pro of 3 yar h ffc fro J2010 a Nl rnraon.
th Non-excv drcor ar pa ng f a h
of `20,000 for anng ach ng of h BoarCo hrof, ohr han shar tranfr & inv
Grvanc Co.
Aonally, pran o mbr approval a 8h AGnral mng hl on Jly 31, 2007 an a approv
h Cnral Govrnn, Non-excv drcor ll brnraon a rn by h Boar n h for
Coon po ax of 1% of prof of h Copah crrn fnancal yar.
Ba on varo crra nclng conrbon a
ach Non-excv drcor, prforanc of h Coc., hn ovrall l approv by h br
Cnral Govrnn, h Boar ha approv a Co`250,000/- pr Non-excv drcor on pro raa ba f
Fnancal Yar 2011-12.
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16 ANNuAL RePORt 2011-1
Parclar of ng f pa an coon payabl o Non-excv drcor of h Copany for Fnancal Yar 2011-12
a nr:
Nam f Drr Sng Fs cmmssn tal
sbhah Chanra 60,000 250,000 310,000
Narh Kar Bajaj 200,000 250,000 450,000
Vno Bakh 220,000 250,000 470,000
K.u.Rao 220,000 250,000 470,000
tal 700,000 1,000,000 1,700,000
Share Transfer & Investor Grievance Committee
Terms of reference
man fncon of shar tranfr & invor Grvanc Co
o rnghn nvor rlaon; nr ffcn ranfr of
har an propr an ly ananc of nvor grvanc.th Co ha lga h por of approvng rqfor ranfr, ranon, raralaon & aralaon
c of har of h Copany an h Copany scrary, bngh Coplanc Offcr, nr h h rponbly,
o pcfcally look no h rral of h harholr annvor coplan an rpor h a o shar tranfr &
invor Grvanc Co.
Constitution
th shar tranfr & invor Grvanc Co crrncopr of mr. K. u. Rao, Non-excv inpnn drco
a Charan an mr. Pn Gonka managng drcor anmr. Narh Kar Bajaj, Non-excv inpnn drco
a mbr. th Copany scrary h scrary of hCo.
drng h yar nr rv h Co for (4) o
Aprl 8, 2011, Jly 25, 2011, Ocobr 19, 2011 an Janary 172012.
Dals f numbr f mplans rvd and rslvd durn
h yar ndd Marh 31, 2012 ar as undr:
Naur f crrspnd-n
Rvd Rpld /Rslvd
Pndng
Non-rcp of dvn 4 4 -
Non-rcp of AnnalRpor
3 3 -
Lr fro sockexchang / seBi
1 1 -
tal 8 8 -
GeNeRAL BoDY MeetiNGS
th 13h Annal Gnral mng of h Copany for h Fnancal Yar 2011-12 ll b hl on thray, h 19h ay of Jly 2012 a
11.00 a.. a th Hall of Harony, Nhr Cnr, dr Ann Ban Roa, worl, mba 400 018.
th lan, da and m f h Annual Gnral Mngs hld durng las 3 yars alng wh Spal Rslun(s)pass
hra ar as fllws:
FY Da and tm Spal Rsluns passd Vnu
2010-11 25.07.2011 -11.00 a.. Non th Hall of Clr, Nhr Cnrdr. Ann Ban Roa, worlmba-400 018
2009-10 31.08.2010 -11.00 a.. Alraon of Arcl of Aocaon of Copany
2008-09 18.08.2009 -3.00 p.. mannanc of Rgr & inx of br of eqyshar an shar ranfr Rgr a h offc of Rgrar& shar tranfr Agn na of Rgr Offc ofh Copany.
inrocon an plnaon of eploy sock
opon schexnon of Bnf of Copany esOP sch oeploy/ drcor of sbary an/ or holngcopan of h Copany
Alraon of Arcl of Aocaon of Copany
Nhr Cnr, Nhr Aordr. Ann Ban Roa, worlmba-400 018.
All h abov rolon r pa h rq ajory.
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No ornary or pcal rolon r pa hroghPoal Ballo rng h Fnancal Yar 2011-12. Non of h
rolon() propo a h nng Annal Gnral mng
n o b pa by Poal Ballo.
DiScLoSUReS
thr ar no arally gnfcan rla pary ranacon,hch hav ponal conflc h h nr of h Copany
a larg. tranacon h rla par ar clo n Noo Fnancal san.
th Copany ha copl h h rqrn of h sock
exchang, seBi an ohr aory ahor on all arrlang o capal ark rng h yar nr rv an no
pnal or rcr hav bn po on h Copany byany sock exchang, seBi or ohr aory ahor rng
la hr yar.
coMPLiANce WitH NoN-MANDAtoRY ReQUiReMeNtS
th Copany confr ha ha copl h all anaoryrqrn o Cla 49 of h Lng Agrn(). Parclar
of non anaory rqrn copl by h Copany ara al hrnr:
Rmunran cmm th Copany ha p
Rnraon Co o rcon/rv ovrallcopnaon polcy, rvc agrn an ohr ployn
conon of excv drcor() & snor managn analo o anag Copany eploy sock Opon sch.
charmans off A Charan offc h rq facl prov a h corpora offc a Noa an anan ah Copany xpn for by Non-excv Charan.
th Copany alo rbr all ravl an ohr xpnncrr n h frhrng h Copany bn nr.
MeANS oF coMMUNicAtioN
th Copany ha proply rpor all aral nfornclng claraon of qarrly fnancal rl, pr r
c., o all sock exchang hr h har of h Copal. sch nforaon alo lanoly play o
Copany b .zn.co. th fnancal rqarrly, half yarly an annal rl an ohr a
nforaon r conca o h harholr byof avrn n a englh npapr daly N & An
(dNA) an n a vrnaclar langag npapr Pnya N(marah) a pr h rqrn of h sock exch
an rq nforaon ar fl h sock exchangcoplanc h h Lng Agrn(). th fnanca
ohr nforaon fl by h Copany h sock exchfro o ar alo avalabl on h Corpora Fln
dnaon sy anan by Bse an Nse an c
acc on www.corpfiling.co.in
Offcal n rla an prnaon a o n
nvor or o h analy, f any, ar play on Cob .zn.co.
managn dcon an Analy Rpor forng p
h Annal Rpor annx paraly.
GeNeRAL SHAReHoLDeR iNFoRMAtioN
th rqr nforaon prov n sharholr inforscon.
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18 ANNuAL RePORt 2011-1
AUDitoRS ceRtiFicAte
toth mbrZ Nws Lmd
w hav xan h coplanc of conon of Corpora Govrnanc by Z Nws Lmd (h Copany), for h yar nmarch 31, 2012 a pla n Cla 49 of h Lng Agrn of h Copany h h sock exchang n ina.
th coplanc of conon of Corpora Govrnanc h rponbly of h anagn. Or xanaon a l o arv of h procr an plnaon hrof, aop by h Copany for nrng h coplanc h h cononof h Corpora Govrnanc a pla n h a cla. i nhr an a nor an xpron of opnon of h fnancaan of h Copany.
in or opnon an o h b of or nforaon an accorng o h xplanaon gvn o , crfy ha h Copany hacopl h h conon of Corpora Govrnanc a pla n Cla 49 of h abov non Lng Agrn.
w frhr a ha ch coplanc nhr an aranc a o h fr vably of h Copany nor h ffcncy offcvn h hch h anagn ha conc h affar of h Copany.
Fr MGB & cFr Rgraon No. 101169wCharr Acconan
Lal Kumar JanParnrmbrhp No. 72664
Noa, may 16, 2012
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SHAReHoLDeRS iNFoRMAtioN
1
Da, tmand Vnu f
SharhldrsMng
mng : Annal Gnral mng
day & da : thray, Jly 19, 2012
t : 11.00 a..Vn : th Hall of Harony,
Nhr Cnr, dr. AnnBan Roa, worl,mba 400 018
2 Fnanal Yar Aprl 1, 2011 o march 31, 2012
3 Da f Bk clsur
saray, Jly 7, 2012 o Fray,Jly 13, 2012(boh ay nclv)
4 Rgsrdoff
Connnal Blng, 135,dr. Ann Ban Roa,worl,mba-400 018, inatl: +91-22-2483 1234
Fax: +91-22-2490 0302/ 2495 5974wb : .zn.co
5 crpraoff
el so, FC-19, scor 16A, NOidA201 301, uar Prah, inatl: 0120 251 1064Fax: 0120 251 5381/82
6 Lsngn Skexhangs
Bobay sock exchang L (Bse)Naonal sock exchang of ina L(Nse)
7 Sk cd Bse- 532794Nse- ZeeNews-eQ.
8 iSiN N. iNe966H01019
9 crpraidnfanNumbr
L92100mH1999PLC121506
10 Rgsrar &Shar transfrAgn
sharpro srvc (ina) Prva L,13AB, saha warhong Coplx,scon Floor, saknaka tlphonexchang Lan, Off Anhr -Krla Roa,saknaka, Anhr (ea),mba-400 072, inatl: +91-22-6772 0300/400Fax: +91-22- 2859 1568/2850 8927e-mal: [email protected]
11 invsrRlans
offr
mr. Phpal sanghavConnnal Blng, 135,
dr. Ann Ban Roa,worl,mba - 400 018, inatl: +91-22-2483 1234Fax: +91-22-2490 0302/2495 5974e-al: [email protected]
12. Dvdnd
drng h Fnancal Yar 2011-12, h Boar of dr
hav no rcon payn of any vn.
mbr ho hav no ncah hr vn arrfor pa fnancal yar, ar rq o k
plca arran() by rng o h Rgrar an tranfr Agn of h Copany.
13. chang f Addrss
mbr holng qy har() n phycal for
rq o nofy h chang of ar/vn af any, o h Copany Rgrar & shar tranfr Ag
h ar non abov.
mbr holng qy har() n aral
ar rq o nofy h chang of ar/vana, f any, o hr rpcv dpoory Par
(dP).
th mCA v crclar no. 17/2011 an 18/2011 Aprl 21, 2011 an Aprl 29, 2011 rpcvly (h
Crclar) ha clarf ha a copany ll b hav copl h h provon of scon 53 an
(1) of h Copan Ac, 1956, n ca ocnnoc, annal rpor c ar n n lcronc for
harholr bjc o coplanc h h cona hrn. th Copany ha na h aop
h a nav o h br ho hol qy n lcronc for an ho al ar hav
a avalabl o h Copany by h dpoorCopany ll b nng h noc an annal rpo
h Fnancal Yar 2011-12 n lcronc for o hbr, n r of h a crclar.
mbr holng har n lcronc for b ho ha
rgr hr al ar h hr dP an holng har n phycal for ar rq o n
o rgr hr al ar h hr dP/ Copah ca ay b.
mbr ho hav rgr hr al ar
dP/h Copany b h o rcv h a ocn phycal for ar rq o r o harr
znork.co ly qong hr dP id an Cln idNo., a h ca ay b, o nabl h Copany o
hr con.
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20 ANNuAL RePORt 2011-1
Pla no ha a harholr of h Copany nlo rcv on rq, a copy of h a ocn, fr
of co n accoranc h h provon of h Copan
Ac, 1956.
14. Unlamd Shars
Pran o Cla 5A of h Lng Agrn (aan n dcbr 2010) h al n rpc of
h har, hch r pran o h sch ofArrangn an lyng n h pn accon, a nr:
Dsrpn Numbr fsharhldrs
Numbr fequy Shars
Aggrga nbr ofharholr an hoanng har n hpn accon a aAprl 1, 2011
95 51,223
Nbr of harholrho approach hCopany for ranfr ofhar fro spnaccon ll march 31,2012
- -
Nbr of harholro ho har rranfrr fro hspn accon llmarch 31, 2012
- -
Aggrga nbr of
harholr an hoanng har n hspn accon lyng aon march 31, 2012
95 51,223
th vong rgh on h har oanng n h pnaccon a on march 31, 2012 hall ran frozn ll
h rghfl onr of ch har cla h har. incoplanc h h a rqrn, h har ll
b ranfrr no on folo n h na of unclaspn Accon n cor.
15. Shar transfr Sysm
eqy shar n for phycal ranfr or for aralzaonar gnrally rgr an rrn hn a pro of
15 ay fro h a of rcp of copl an vallyxc ocn.
16. Dmaralsan f equy Shars & Lqudy
th eqy har of h Copany ar n h l of
crp pcf by seBi o b coplory ra n h
daralz for. A on march 31, 2012, 99.83% oh oal an pa-p eqy shar capal of h
copany hl by 128,582 harholr n daralz
for an h balanc 0.17% hl by 761 harholr phycal for. enr harholng of h proor n hCopany ar hl n aralz for.
17. Sharhldrs crrspndn
th Copany ha an o all h nvor grvanc
qr/ nforaon rq xcp for h ca hr hCopany a conran bca of o pnng lga
procng or cor/aory orr.
th Copany navor o rply all lr rcv froh harholr hn a pro of 5 orkng ay. A
corrponnc ay b ar o h Rgrar & shartranfr Agn a h ar gvn abov. in ca an
harholr no af h h rpon or o no gany rpon hn raonabl pro, hy ay approac
h invor Rlaon Offcr a h ar gvn abov.
18. Shar capal Buld-up
Parulars N. f sharsssud
Da f ssu
i o sbcrbr 70 28.08.99
Prfrnal i 1,000,000 26.11.99
Prfrnal i 8,749,930 13.09.05
Prfrnal i 850,000 28.09.05
Prfrnal i 5,250,000 28.09.05
Rgh i 4,000,000 29.11.05
Cancllaon ofharholng of Zenrann enrprLpran o h sch
(6,574,920) 28.11.06
Sub-Dvsn f Sharsfrm `10 ah `1 ah
132,750,800 28.11.06
Rcon of shar Capalpran o sch
(88,943,036) 28.11.06
i o harholrof Z enrannenrpr Lpran o sch
195,956,192 28.12.06
issud & pad up capalas n 31.03.2012
239,763,956
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19. Sk Mark Daa Rlang Shars Lsd n inda
monhly hgh an lo qoaon an vol of har ra on Bse & Nse for fnancal yar 2011-2012 ar:
Mnh BSe NSeHgh (`) Lw (`) Vlum f
Shar traddHgh (`) Lw (`) Vlu
Shars tAprl 2011 13.17 11.15 7,095,076 13.15 11.10 19,58may 2011 11.59 9.20 6,240,261 11.65 10.00 15,81Jn 2011 13.55 9.40 12,495,116 13.60 10.75 30,52Jly 2011 13.24 11.75 6,000,467 13.25 11.80 18,85Ag 2011 13.70 11.55 5,803,051 13.70 11.60 10,28spbr 2011 14.30 12.01 2,389,555 14.30 12.00 6,68Ocobr 2011 13.50 11.77 1,654,673 14.60 11.65 5,25Novbr 2011 12.50 10.00 1,209,435 12.45 10.05 4,76dcbr 2011 10.90 8.65 1,090,455 10.95 8.60 3,19Janary 2012 12.15 9.05 3,114,827 12.40 9.05 9,80Fbrary 2012 12.55 10.51 2,800,948 12.40 10.50 7,25march 2012 11.64 9.75 2,022,316 11.70 10.00 5,10
20. Rlav Prfrman f Z Nws Shars Vs. BSe Snsx & Nfy indx
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22 ANNuAL RePORt 2011-1
21. Dsrbun f Sharhldng as n Marh 31, 2012
N. f equy Shars Shar Hldrs N. f Shars
Numbr % f Hldrs Numbr % f Shars
up o 5000 128,148 99.08% 36,551,943 15.25%
5001 10000 682 0.53% 5,211,418 2.17%
10001-20000 284 0.22% 4,082,941 1.70%
20001-30000 82 0.06% 2,044,816 0.85%
30001-40000 34 0.03% 1,209,997 0.51%
40001-50000 30 0.02% 1,386,666 0.58%
50001-100000 38 0.03% 2,826,415 1.18%
100001 an Abov 45 0.03% 186,449,760 77.76%
tal 129,343 100.00% 239,763,956 100.00%
22. cagrs f Sharhldrs as n Marh 31, 2012
cagry % f sharhldng N. f shars hldProor 54.14% 129,817,043inval 20.01% 47,986,085doc Copan 4.93% 11,820,153Fi, mal fn an Bank 9.12% 21,865,703Fii, OCB & NRi 11.80% 28,274,972tal 100.00% 239,763,956
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23. Parulars f Sharhldng
a) Prmr Sharhldng as n Marh 31, 2012
Sr. Nam f Sharhldr N f Shars hld % f sharh1 25 FPs ma Pv. L 127,898,710 532 Chr trang Co Pv. L 100 03 Lax Gol 802,175 04 el infraprojc L 100 05 Prajaa trang Co. Pv. L 100 06 Brgg trang Co. Pv. L 1,115,858 0
tal 129,817,043 54
b) tp tn (10) Publ Sharhldng as n Marh 31, 2012
Sr. Nam f Sharhldr N f Shars hld % f sharh1 HdFC tr Co. L HdFC Prnc Fn 17,467,103 7
2 Orang mar invn L 11,128,419 43 Acaca ii Parnr LP 8,008,000 34 HdFC tr Co. L HdFC Cor an sall Fn 3,414,578 15 Acaca inonal Parnr LP 3,388,000 16 Acaca Conrvaon Fn LP 2,772,000 17 Bakh scr an Brokr Pv. L 1,500,000 08 HdFC tr Co. L HdFC mF monhly inco Plan Long
tr Plan809,000 0
9 Acaca Banyan Parnr 770,000 010 Balanc markng Pv. L 494,905 0
tal 49,752,005 20
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24 ANNuAL RePORt 2011-1
MANAGeMeNt DiScUSSioN AND ANALYSiS
The figures have been stated in ` millions in this MD&A for betterreadability.
Investors are cautioned that this discussion contains forwardlooking statements that involve risks and uncertainties including,but not limited to, risks inherent in the Companys growth
strategy, acquisition plans, dependence on certain businesses,and dependence on availability of qualified and trained manpower
and other factors. The following discussion and analysis shouldbe read in conjunction with the Companys financial statements
included herein and the notes thereto.
coMPANY oVeRVieW:
Z N L (ZNL) (Bse Co: 532794, Nse Co: Z
N q.) ina lang n lvon organzaon hnr n naonal a ll a rgonal channl. th Copany
a ncorpora a Z spor L on Ag 27, 1999. thna of h Copany a chang o Z N L on may
27, 2004 afr obanng a frh Crfca of incorporaon froh Rgrar of Copan, mba. to coply h h N
up-lnkng Gln of Govrnn of ina, Z enrannenrpr L (ZeeL) ranfrr n-gahrng
acv o Z N L ..f. Ocobr 2005. to nablclar anagn foc an rcon o b par o h
varo propr of h Copany, ZeeL ranfrr rgonalnrann channl o ZNL by ay of a -rgr ch
approv by h Honbl Hgh Cor of Bobay v Orra Novbr 17, 2006 fro march 31, 2006. thrafr, h
Copany go l a Bobay sock exchang, Naonal sockexchang & Calca sock exchang n Janary 2007. th eqy
shar of h Copany r bqnly l fro Calcasock exchang n 2009.
ZNL, bfor Janary 1, 2010, ha naonal n, rgonal n
an Rgonal Gnral enrann a foc ara. Hovr,conrng ha h fr of tV N nry a gng
brghr an ZNL a rongly po o lvrag h ponal, a c o para h Rgonal Gnral enrann
Channl bn fro h N Bn. unr h schof Arrangn for -rgr, RGeC bn of h Copany,
r ranfrr o Z enrann enrpr L (ZeeL)fro h Appon da, Janary 1, 2010, hch a approv
by h Honbl Bobay Hgh Cor v orr pa on march19, 2010, an bco ffcv on an fro march 29, 2010
pon flng of h orr h Honbl Bobay Hgh Cor hh Rgrar of Copan of maharahra, mba. Z N
L pr foc, no, o cra 24x7 n channl npronn inan langag h h rqr foc on n
opraon. ZNL ha conola opraon an xprncgnfcan groh o far..
ZNL alo rn a 24X7 Bngal n channl call 24 Ghana
hrogh a JV m/ Z Akaah N Pv. L. hrn hol
60% qy ak hl anohr JV parnr m/ sky B (Bangla
Pv. L. hol h ranng 40% ak.
th Copany rn n channl n h follong oan:. Hn Gnral N: Z N
. Hn Bn N: Z Bn
. marah N: Z 24 taa
v. tlg N: Z 24 Ganal
v. uar Prah an uarakhan N: Z N uP
v. Pnjab: Z Pnjab
v. Bngal N: 24 Ghana
MeDiA & eNteRtAiNMeNt iNDUStRY
in 2011-12, nflaon, nr ra, fl prc, Conr Prc
inx, c., r a hgh lvl. th ero ovrgn cr, lo
us rcovry an h non n ml ea a o h ovraloon n h inan conoy.
A pr FiCCi-KPmG inan ma an enrann inrRpor 2012, h nry gr fro `652 bllon n 2010 o `72
bllon n 2011, grong a a ra of 11.7%. tlvon gr lghlor by 10.8% rachng `329 bllon n 2011 fro `297 bllon
th lvon a rvn gr o `116 bllon fro `103 bllona groh of 12.6%. i projc o gro by 12% o rach `13
bllon n 2012.
whl dtH bcrbr hav bn grong a a fa pac, hgovrnn con o fa rack gzaon acro in
a gnfcan p forar o ar varo of hbroacang nry arng fro or opon o h v
o rcon n lakag of bcrpon rvn o rcon carrag f. dgzaon ol hlp ar h lop bn
ol of h lvon nry, pcally of n channl.
Nws Sgmn
whl ovrall lvon avrng gr by 12.6%, ngn, a pr or a, a fla. th a o h
ovrall rcon n avn bg of avrr anhfng of pn o GeC an spor pac.
manhl, vrhp bck h pa f yar rn an
ncra a copar o h prvo yar. major ny
vn lk ina Agan Corrpon ovn, rror rk dlh & mba, lcon n 5 a hch a a chang o
gar n o, kp h vr gl o n channl.
BUSiNeSS oPeRAtioNS:
Bradasng
in r of ngahrng, h Copany ha h larg norof n brax & corrponn h a pan-ina prnc
th Copany ngahrng capabl ar gnfcan
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nhanc by Ku Ban nork an rong rlaonhph nrnaonal n agnc. th Copany qpp
h a-of-ar chnology n conn craon, packagng an
broacang.
Dsrbun
th Copany ha an arrangn h Z trnr L. o
rb pay channl boq n ina an nghborngconr nclng h Copany boq of pay channl on
varo dtH plafor acro h conry. On may 26, 2011, Zeeha annonc foraon of ma Pro enrpr ina Prva
L (ma Pro) a a jon vnr bn Z trnr ansar dn, hch ar opraon fro Jly 1, 2011. Accorngly
h rbon agrn h Z trnr go connfro Jn 30, 2011 an ma Pro rb Copany
channl n ina h ffc fro Jly 1, 2011. th fnancal
rl for FY12 ncl sbcrpon Rvn a rcv froma Pro, hch n of xpn ncrr by ma Pro. Aa rl, h rcognon of rvn fro oc bcrpon
bn no bng on n of xpn. Hnc, bcrponrvn ar no coparabl o ho n h prvo yar.
Up-lnkng f channls
th Copany ha an arrangn h dh tV ina L
for p-lnkng of channl hrogh hr lpor. dh tVha a lcn for p-lnkng of tV channl fro h copn
Govrnn ahory.
Busnss ovrvw All Rund Prfrman
Yor Copany foc on crrn lvrabl copl hffcn Nork opraon ha rl n rob groh n
eBitdA, n a pro hr groh of o of h copan xpc o b lo. Or con of connaon of Z tal
opraon hlp xcl n h avr ark conon.Yor Copany ha an all-ron prforanc n hch all h
nval channl gr or han hr copor. thNork bnf fro h conn pha on gnrang
avrn rvn hrogh propr an pcal nav.
th Nork flaghp channl Z N nhanc nbl
an rponbl n channl poonng lf h h aglnJazba Soch Ka hch ha an nrlyng hogh o por
an nlghn vr on h por of hogh an h
pov ffrnc can ak. Z N n-ph covragof h rcn a lcon acro ina h pcal capagnan ina larg vor aarn rv Apka Vote Apki Taqat
n hch h channl a h vor aar of h rgh an. th halhy vor rno ha ncorag o conn
nrakng h nav n h fr. Z N hl a plhoraof vn an conc capagn lk Ananya Samman, Agri
Awards, Swasth Bharat Samman, Fr of ecaon sh Z Larn, my earh my dy, c.
Z Bn conn h lgacy of crang coan ngagn rlvan o cor arg anc ral nvor. i xc aon propr lk H
ina sar invor, a ho ang o for h nfnancal plannng hrogh a nq an ngagng raly fora ncng a lo of conr parcpaon; eBn For, a r for sme o gan fro nr bopporn, an Ral ea invor For. i alo jhan h orl lang lf rglaory profonal bRiCs o nroc h Zee Business - RICS Real Estate AwAnohr propry na Investor Ki Kahaani Uski Zua lanch hch foc on ay o ovrco coak a by h nvor. Z Bn, hrogh a aocaon, a a avalabl n usA an ha bng copln by h vr acro usA.
24 Ghana rgan vrhp larhp n w B
n h con half of h yar p h fragn hrn h copon n channl r hocfooball conn. th flaghp vn of h channl, ASamman a hl n Ag hrn ina gra Laa manghkar a bo h lf achvhonor. B, rb a alo pa o vral kfac an nng hro fro w Bngal, ho hav gnfcan conrbon o h ocy. A coprhnvch apprca Pjo covrag clna n a anoDashabhuja, hrn h on parcpan r jga l of kll. th channl carr o a av capagn call Sankalpa, by ay of hch h channh vr plg o cra aarn abo varo apparng gr an ar bo o alny of h Go ncrang pollon. w connc h or vr hor flaghp cy connc vn r Aar shahar hcakn acro 18 ajor c/on.
Z 24 taa conn o rk a chor h h mbaa ll a h r of maharahra. A hghly ffcv lcapagn call Sansanit Kanakhali (On tgh slap) foacconably for h orry a of mba roa onoon a lanch, lang o hg rpon a a conrcv racon fro h Anraon. th chbca h fr marah N channl o ak p h eor concp on a rglar ba an ha nn proncong on ar h hr v on ocal, conoc an poapc of h lf of a maharahran. th channl alo xon of ol propr Aapla Shahar Aapla Awaaz.an nav o connc h varo c n maharahc plagng h cy an h olon for h Or flaghp CsR propry Ananya Sanman a vran Rah do an sa do (of Anand movie fame)confrr h h Lf Achvn honor, apar
vral nng hro fro h fl of caon, por,ork, c bng aar.
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26 ANNuAL RePORt 2011-1
Z N uP/uK conn o chrn o nnovav an rlvanconn for h vr of uar Prah an uarakhan. taknghSamman r forar, h channl hl Udyami Samman,
an vn honorng h ky conrbor o h nralvlopn n h a. th channl raffr rol a anral an analy orn channl rng a lcon. inroc n prograng on lcon arng fro hrpor car of h ncbn govrnn an po holr,h apran an xpcaon of h pblc n gnral.
Z Pnjab a ch on n Pnjab. th channl ook navlk Anhad Samman, an Saanjh Suran Di coorang h12h annvrary of on of h long rnnng rgonal channl nh conry. i alo bgan h poplar Z PnjabSa Re Ga Ma Pa.
Z 24 Ganal ook nav lk Animuthyalu (AnanyaSamman), Parhraka Prkarl (Udyami Samman) an
Spoorti (Women Entrepreneur Awards).
takng avanag of h ncrang conpon of n onln,yor copany lanch b n Hn (zn.co/hn),marah (24aa.co) an Bngal (24ghana.co). th xngZn.co - n h englh langag - p p a phnonalprforanc an rcv hg raffc rng h sa elcon.
Busnss Sragy
th nal ragy of xpanon of boq an lvragng of coork for ZNL an a rob prforanc conrng hlong conoy ha rl n n channl avrnrvn bng fla for h nry.
th Copany conn h ragc p () incra
ffcncy hrogh raonalzaon of co () Foc on nnovaon() Foc on bcrpon rvn (v) Lvragng h grongvrhp of or channl (v) Lvragng nork opraon oraonalz co a ll a axz rvn (v) Jco xpanon.
th crrn foc of yor Copany on lvragng gzaon.A yor Copany ha kp foc on bcrpon fron, xpc o njoy gnfcan copv avanag n gzra, copar o copon. A pr mnry of i&B, hPha 1 of gzaon, hrn h cabl opraor n 4 roar o b gz, o b on by Jn 30, 2012. in Pha 2all h 1 lakh+ poplaon c ar o b gz by mar 31,2013. in Pha 3, h balanc rban ara ar o b gz bysp 30, 2014, hl n Pha 4 h r of ina o b gz
by dc 31, 2014.
otHeR coMPANY iNFoRMAtioN
Zee NeW LiMiteD
1. inrnal cnrl Sysms
th Copany ha n plac aqa nrnal conrol y,conra h z an nar of opraon o a
o nr oohn of opraon an coplanc h
applcabl lglaon. th Copany ha a ll-fny of anagn rporng an proc rv
of bn o nr ly con-akng. i ha a
nrnal a a h profonally qalf fnancapronnl, hch conc proc a of all bno anan a propr y of chck an conrol.
th anagn nforaon y (mis) for a
ngral par of h Copany conrol chan. Aoprang parar ar onor an conroll. An
aral chang n h bn olook rpor o hBoar. maral vaon fro h annal plannng an
bgng, f any, ar rpor o h Boar on qarrba. An ffcv bgary conrol on all capa
xpnr nr ha acal pnng n ln h hCapal Bg.
2. Human Rsurs
th Copany k rpc an val h vr qal
an backgron ha popl brng o an coo lzng h rchn of knolg, a an xprnc
ha h vry prov. th ork nvronn lang an vlopn of cor copnc hrog
foral ranng, job roaon an han on ranng aongong acvy. th Copany eploy rngh a o
march 31, 2012 a 1,268 n coparon o 1,278 a omarch 31, 2011. Rcon n eploy rngh a
o h on of Z tal on march 31, 2011.
RiSK FActoRS:
th cmpany pras n a hghly mpv ndusrha s arang a raf f nw playrs and s subj
hnlgal and rgulary hangs:
wh ncrang nbr of playr nrng h Broacan
inry, or pcfcally N Broacang, copon vr ncrang. tchnologcal an rglaory chang hav
pan n rbon plafor. to anan copvg n ch a cnaro, h Copany ll n o ancpa
vr prfrnc o cra, acqr, coon an proccopllng conn an anan vr-pll. whl h Copan
propo o ak nvn n conn an chnology ay aha of h ga, pobl o prc ho fr
chang col affc h Copany copvn. Barrn
a f playr, o of h n lvon vnr ar noprofabl. th gh apn h nr of nvor n hn lvon nry.
Nw hannl launhs mgh ak lngr han xpd
brak vn:
Rcn lanch a ll a fr lanch ay no b accpby h anc. th col b o a vary of raon
nclng qaly of prograng, prc, arkng ppor
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Zee News Limited
copon, c. thr can b no aranc ha all nlanch ll b ccfl.
A dln n advrsng rvnus vrall uld advrslyaff h cmpany n a gvn prd:
Avrng rvn ak p abo 71% of h Copany
rvn an h rn of hgh lvl of conrbon ofavrng rvn o aggrga rvn lkly o conn
for h forabl fr. in h cnaro, f or Copanyprograng nabl o an hgh lvl of vrhp
rang, h conqn cln n avrng rvn llanf lf a a gnfcan p n aggrga rvn.
Bn an conoc cycl alo hav a cacang ffc onavrng bg of copan. A onrn col ca a
cln n or rvn an prof. if fr rn favor ohrfor of avrng a lk rao, ooor, prn, c., or
Copany col b avrly affc.
Pr mplmnan f masurs lk Dgal Ass Sysm(DAS) uld aff rvnus:
whl Pha i of dAs ha bn arg o fnh by Jn 30,
2012, h la vlopn n mro gv ncaon ha nlkly ha h arg ll b achv. w, hnc, blv
ha poor an ary plnaon an xpanon of dgalAcc sy by h cabl opraor col rl n lay for
o achv h rla bnf a nvag.
Rgulary hangs rlad carrag Fs undr DASrgm may n frufy:
whl mnry of i&B ha oo roval of Carrag F n
dAs ara, h plnaon of h a pnng. thrglaory chang ay no ak plac an Carrag F col
conn o b charg fro h broacar lang o ncran xpn an a ngav pac on argn.
Mnsry f i&B gudlns n Ad ap wuld advrsly aff
h ad rvnus:
tRAi an mnry of inforaon & Broacang, n a rcnvlopn hav gg h channl o ck o 12
n pr hor of a nvnory ho paral crn a.iplnaon of h polcy ol affc h ovrall nvnory
avalably an lkly o la o rcon n a rvn.
Ad rvnus may dras du nably srv hGvrnmn and Mnsrs ad ampagns du lw ad
ras ddd by DAVP:
in a rcn vlopn, dparn of Ao Val & Pblcy
(dAVP), h noal agncy rlang h a capagn of cnralnr an parn, ha rla ffcv ra for
varo lvon channl. d o lo ffcv ra colbco ffcl o rvc h a capagn h h crrn
nvnory lzaon lvl. th ay la o rcon
rvn.
th cmpany dpnds sgnfanly n s snr managand hr sklld prsnnl and may b advrsly aff
f lss hr srvs and fals fnd qually srplamns:
th Copany cc o a larg par pn on h ab
an conn rvc of nor anagn, a ohr kll pronnl, nclng crav an progra
pronnl. th Copany nor anagn parcporan o bn bca of hr xprnc
knolg of h a nry. th lo or non-avalo h Copany of any of nor anagn col
gnfcan avr affc. th Copany ay alo no b ahr ran prn pronnl or arac aonal q
pronnl a an hn n. to h xn h Copanb rqr o rplac any of nor anagn or
kll pronnl, hr can b no aranc ha h Coll b abl o loca or ploy larly qalf pro
accpabl r or a all.
th cmpany rls n nllual prpry and prprrghs whh may n b adqualy prd undr u
laws:
th Copany rl on raark, copyrgh an
nllcal propry la o ablh an proc rgh proc. thr can b no aranc ha h Cop
rgh ll no b challng, nvala or crcvnha h Copany ll ccflly rn rgh or lc
Frhr, h ak nforcn rg n ina copl hgh lvl of cabl, all an vo pracy col po
ncra brn on h Copany o proc h nllpropry rgh n lvon an fl prograng.
th cmpanys busnss s havly rgulad and han
rgulans r falur ban rqurd rgulary appuld advrsly aff s ably pra:
ma, pcfcally n a, a rongly rgla n
ina. th rg ha affc yor Copany bn nbroacang, cabl, avrn, lconca
nllcal propry, conr an copon (an-ran rglaon. Rlvan ahor ay nroc a
or n rglaon applcabl o bn. Changrglaon rlang o on or or of lcnng rqr
acc rqrn, prograng ranon, plrqrn, pcr pcfcaon, conr proc
ohr apc of h Copany or any copor bcol hav an avr ffc on h Copany bn
rl of opraon. thr can b no aranc ha h Coll cc n obanng all rq approval n h f
opraon h or ho h poon of rrc
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28 ANNuAL RePORt 2011-1
hch ay hav an avr conqnc o h Copany nor ha coplanc ll no b ra.
th cmpany may b subj lams basd n h nn prvds vr s nwrk and hrd pary nwrks:
A a broacar an rbor of conn, h Copany fac ponal lably rlang o conn ha broaca an rbnclng faaon, nglgnc, copyrgh, pan or raark nfrngn an ohr cla ba on h nar an conn oh progra ha broaca or rb. th Copany o no carry gnral lably nranc ha ll covr h yp
of labl.
FiNANciALS AND FiNANciAL PoSitioN
Sandaln and cnsldad Fnanals
tabl blo prn sanalon & Conola Fnancal for h Crrn an Prvo Fnancal Yar.
` n llon
Samn f Prf and Lss fr h yar ndd Marh 31,Sandaln cnsldad
2012 2011 2012 2011RvnusRvn fro Opraon 2,733.3 2,430.5 3,072.2 2,767.9
Ohr inco 145.0 108.5 155.5 113.2tal Rvnus 2,878.3 2,539.0 3,227.7 2,881.1expnssOpraonal Co 638.4 514.3 703.7 588.6eploy Bnf expn 660.1 626.3 744.8 692.5Ohr expn 1,032.3 1,024.5 1,090.2 1,062.7tal expnss 2,330.8 2,165.1 2,538.7 2,343.8oprang Prf 547.5 373.9 689.0 537.3Fnanc Co 106.6 125.7 106.6 125.7dprcaon / Aoraon expn 101.4 92.4 112.1 100.8Prf bfr expnal ims and tax 339.5 155.8 470.3 310.8excponal i 166.7 - 166.7 -Prf bfr tax and Mnry inrs 172.8 155.8 303.6 310.8tax expn 110.8 58.0 152.5 103.1
Prf bfr Mnry inrs 62.0 97.8 151.1 207.7mnory inr - - (35.6) (43.9)Prf fr h yar 62.0 97.8 115.5 163.6
` n llon
Balan Sh as a Marh 31,Sandaln cnsldad
2012 2011 2012 2011eQUitY AND LiABiLitieSSharhldrs' Fundsshar Capal 239.7 239.7 239.7 239.7Rrv an srpl 1,548.5 1,486.5 1,654.2 1,538.8
1,788.2 1,726.2 1,893.9 1,778.5mnory inr - - 126.0 108.9Nn-urrn Labls
Long tr Borrong 178.1 363.3 178.2 363.4Long tr Provon 77.2 62.3 82.6 66.0255.3 425.6 260.8 429.4
currn Lablsshor tr Borrong 412.8 - 412.8 -tra Payabl 439.0 651.2 455.7 665.4Ohr Crrn Labl 318.0 299.3 329.0 316.8shor tr Provon 3.2 2.5 6.2 4.5
1,173.0 953.0 1,203.7 986.7tal 3,216.5 3,104.8 3,484.4 3,303.5
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` n
Balan Sh as a Marh 31,Sandaln cnsldad
2012 2011 2012 2011ASSetSNn - currn AsssFx Atangbl A 686.9 739.9 806.8 8inangbl A 22.1 9.1 23.9Capal ork-n-progr 13.9 46.6 13.9Non-Crrn invn 83.3 144.2 -dfrr tax A (N) 38.7 15.9 27.0Long tr Loan an Avanc 33.9 17.9 33.9Ohr Non-crrn A 4.4 177.5 4.4 1
883.2 1,151.1 909.9 1,1currn Asssinvnor 9.8 220.5 9.9 2
tra Rcvabl 904.9 771.0 996.4 8Cah an Bank Balanc 154.0 805.5 275.1 8shor tr Loan an Avanc 1,261.1 155.8 1,282.5 1Ohr Crrn A 3.5 0.9 10.6
2,333.3 1,953.7 2,574.5 2,1tal 3,216.5 3,104.8 3,484.4 3,3
A. ReSULtS oF oPeRAtioNS
Conola Fnancal inforaon for h yar nmarch 31, 2012 copar o h yar n march 31,
2011. Z N L ha only on sbary Copany.., Z Akaah N Prva L (ZANPL) (60% eqy
holng) hch opra a 24 X 7 Bngal N Channl,
24 Ghanta. Analy of Conola Fnancal ha bnon afr knockng off h ffc of h rvc bnh o Copan an afr akng h conolaon
ffc, f any.
tal Rvnu
toal Rvn ncra by `346.6 llon or 12% fro
`2,881.1 llon n FY11 o `3,227.7 llon n FY12.
Rvnu frm oprans
Rvn fro Opraon ncl Avrn inco,sbcrpon inco, sal of Progra & Fl Rgh an
Franch F. Rvn fro Opraon ncra by`304.3 llon or 11% fro `2,767.9 llon n FY11
o `3,072.2 llon n FY12. A pr or a ovrallavrn rvn for lvon n nry
ran fla, hra h Copany ho a argnalgroh of 2-3% n FY12, h a o Copany n
bn ar gng racon, hch l o grohn rvn. Po h foraon of ma Pro enrpr
L (A jon vnr bn Z trnr & sar dn),sbcrpon Rvn fgr ar no bng rpor n
of xpn. Hnc sbcrpon Rvn fgr for cyar ar no coparabl h prvo yar fgr.
th ncra n rvn fro sal of Progra & Fl anly o h nxplo progra an fl ol o ZeeL pranng o Z tal po clormarch 31, 2011, hch a a on ranacon.
ohr inm
inr & Ohr inco ncra by `42.3 llon ofro `113.2 llon n FY11 o `155.5 llon n th ncra a anly o h rng back of provon for labl a rng prvo yar a no longr rqr.
opranal cs
Opraonal Co ncra by `115.1 llon, orfro `588.6 llon n FY11 o `703.7 llon n th ncra anly o h aorzaon of xpprogra of Z tal ll march 31, 2011 hch
o b aorz n nx 2 yar a pr h xprogra aorzaon polcy, b o h clor channl aorz n h fnancal yar an h nxpprogra an fl rgh r ol o ZeeL. manhtal clor ha l o avng n co. Hovr, h yar yor Copany ha concpalz an xany n vn opnng a n rvn ra frhr l o ncra n opraonal co.
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30 ANNuAL RePORt 2011-1
Prsnnl cs
Ovrall Pronnl Co ncra by `52.3 llon or 8%fro `692.5 llon n FY11 o `744.8 llon n FY12,
hch alo ha h ffc of co rcon po h clorof Z tal. Co of ZANPL ncra by 18.4 llon or
28%, h a o annal ncrn, annal ncnvan ploy lfar co.
ohr expnss
Ohr expn hch ncl all Anrav, sllngan drbon expn ncra by `27.5 llon or 3%
fro `1,062.7 llon n FY11 o `1,090.2 llon n FY12.wh h vlopn of ma Pro sbcrpon rvn
bng rpor n of xpn, hch ha l o rccoon co for h yar alo clor of Z tal ha
har n co rcon for h yar. Ohr expn of
ZANPL ncra by 51% fro `38.2 llon n FY11 o`57.8 llon n FY12, o hghr pn on avrngan pblcy xpn.
Fnan cs
Fnanc co cra by `19.1 llon or 15%, fro `125.7
llon n FY11 o `106.6 llon n FY12, o ffcnan rglar onorng of orkng capal rqrn
an ananng h Cah Cr lzaon a h lopobl lvl.
Dpran and Amrzan
dprcaon ncra by `11.3 llon or 11% fro `100.8
llon n FY11 o`112.1 llon n FY12, h o haon of ofar an chnology rla fx a
rng h yar, hch hav hghr ra of prcaon.
Prf bfr tax & expnal ims.
Prof bfor excponal i an tax ncra by `159.5llon or 51%, fro `310.8 llon n FY11 o `470.3
llon n FY12. Prof ncra o xclln opraonalffcnc of h channl an rc co on accon of
h on of Z tal.
expnal ims
drng h yar h Copany ha prov for `166.7
llon oar non n val of ragc nvn
an provon for obfl avanc har applcaon onygvn o a ma Copany a excponal i hch hal o rcon of Prof.
Prvsn fr taxan
Provon for taxaon ncra by `49.4 llon or 48%
fro `103.1 llon n FY11 o `152.5 llon n FY12,
hch ar n ln h h ra of ax akng n accon
h rlvan provon of inco tax Ac.
Prf Afr tax fr h PrdProf for h yar afr tax & mnory inr `115.llon. Prof rc by 29%, h a anly o h
pac of excponal i n ZNL.
B. FiNANciAL PoSitioN
equy & Labls
Shar capal
eqy shar Capal of `239.76 llon conn o ra
h a a la yar.
Rsrvs & Surplus
Rrv & srpl oo a `1,654.2 llon a agan`1,538.8 llon n h yar 2011. th ncra `115.llon hch Prof afr tax for h crrn yar.
Lng trm Brrwngs
Long tr Borrong oo a `178.2 llon a on marc31, 2012 a agan `363.4 llon a on march 31, 2011
th cra o rpayn of scr tr Loafro Bank. ZANPL ha no Long tr Borrong.
Lng trm Prvsns
Long tr Provon ncra fro `66 llon a o
march 31, 2011 o `82.6 llon a on march 31, 2012.
currn LablsCrrn Labl ncl shor tr Borrong, tra
Payabl, shor tr Provon & Ohr Crrn LablCrrn Labl oo a 1,203.7 llon a on march 31
2012 a agan `986.7 llon a on march 31, 2011. thncra a o shor tr Borrong facly aval
for h pro by ZNL.
Asss
Nn currn Asss
Fxd Asss
N Block of Fx A oo a `830.7 llon a omarch 31, 2012 agan `864.2 llon a on march 31
2011. thr ha bn aon of ofar an chnologrla fx a rng h yar, hch hav hgh
ra of prcaon an alo cran obol a arcar.
Capal work-n-Progr cra by `36.7 llon
`13.9 llon a on march 31, 2012, h rc capalzaon of sAP.
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invsmns
Non Crrn invn an o b nl a on march 31,2012 a agan `60.9 llon a on march 31, 2011. th
Copany prov for `60.9 llon oar non nval of ragc nvn n a ma Copany rng
h yar.
ohr Nn currn Asss
Ohr Non Crrn A rc o `4.4 llon a on
march 31, 2012 a agan `145.2 llon a on march 31,2011. th Copany prov for `105.8 llon oar
provon for obfl avanc har applcaon onygvn o a ma Copany rng h yar.
currn Asss
invnrs
invnor oo a `9.9 llon a on march 31, 2012 aagan `221.1 llon a on march 31, 2011. th cran invnory val a o sal of Progra & Fl Rgh
pranng o Z tal, hch a h on a on march31, 2011 an zro prcha rng h yar.
trad Rvabls
tra Rcvabl oo a `996.4 llon a on marc2012 a agan `896.4 llon a on march 31,
Avrag Collcon Pro oo a 118 ay.
cash & Bank Balans
Cah & Bank Balanc oo a `275.1 llon a on m31, 2012 a agan `875.6 llon a on march 31,
A f hor r po go ar a on marc2011 hch l o hg Cah & Bank Balanc, h
go ploy rng h yar 2012.
Shr trm Lans & Advans
Loan & Avanc oo a `1,282.5 llon a on m31, 2012 a agan `162.3 llon a on march 31,
incra n Loan & Avanc a o Loan gv
Rla Par o of h rpl Cah & Bank Baavalabl a on march 31, 2011.
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32 ANNuAL RePORt 2011-1
ceRtiFicAtioN oN FiNANciAL StAteMeNtS oF tHe coMPANY
w, Pn Gonka, managng drcor an dnh Garg, Chf Fnancal Offcr of Z N L (h Copany), crfy ha:
(a) w hav rv h fnancal an an h cah flo an of h Copany boh on sanalon an Conola
ba for h yar n march 31, 2012 an ha o h b of or knolg an blf:
) h an o no conan any arally nr an or o any aral fac or conan an ha ghb lang;
) h an oghr prn a r an far v of h Copany affar an ar n coplanc h xnacconng anar, applcabl la an rglaon.
(b) to h b of or knolg an blf, no ranacon nr no by h Copany rng h yar n march 31, 201ar fraln, llgal or volav o h Copany co of conc.
(c) w accp rponbly for ablhng an ananng nrnal conrol for fnancal rporng an ha hav vala hffcvn of h nrnal conrol y of h Copany pranng o fnancal rporng an hav clo o h Aoan A Co fcnc n h gn or opraon of ch nrnal conrol, f any, of hch ar aar an pakn or propo o b akn o rcfy ho fcnc.
() drng h yar:
) thr ha no bn any gnfcan chang n nrnal conrol ovr fnancal rporng;
) thr hav no bn any gnfcan chang n acconng polc; an
) thr hav bn no nanc of gnfcan fra of hch ar aar ha nvolv anagn or ohr ployhavng gnfcan rol n h Copany nrnal conrol y ovr fnancal rporng.
Pun Gnka Dnsh Garmanagng drcor Chf Fnancal Offc
Plac: Noada: may 16, 2012
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Zee News Limited
Auditors report
to,th mbr
Z Nw Lm
1. w hav a h aach Balanc sh of Z NwLm (h Copany) a a march 31, 2012 an alo h
san of Prof an Lo an h Cah Flo sanof h Copany for h yar n on ha a, annx
hro. th fnancal an ar h rponblyof h Copany anagn. Or rponbly o
xpr an opnon on h fnancal an ba on
or a.
2. w conc or a n accoranc h h anganar gnrally accp n ina. tho sanar
rqr ha plan an prfor h a o obanraonabl aranc abo hhr h fnancal
an ar fr of aral an. An ancl xanng, on a ba, vnc pporng
h aon an clor n h fnancal an. Ana alo ncl ang h acconng prncpl
an gnfcan a a by anagn, a ll avalang h ovrall fnancal an prnaon. w
blv ha or a prov a raonabl ba for oropnon.
3. A rqr by h Copan (Aor Rpor) Orr, 2003
(h Orr) by h Cnral Govrnn of ina nr of b con (4A) of scon 227 of h Copan
Ac, 1956, (h Ac) an on h ba of ch chck a
conr appropra an accorng o h nforaonan xplanaon gvn o rng h cor of a, annx hro a an on h ar pcf n
paragraph 4 an 5 of h a Orr.
4. Frhr o or con n h annxr rfrr o nparagraph (3) abov, rpor ha;
a) w hav oban all h nforaon an xplanaon
hch o h b of or knolg an blf rncary for h prpo of or a;
b) in or opnon, propr book of accon a rqr by
la hav bn kp by h Copany, o far a apparfro or xanaon of ho book;
c) th Balanc sh, san of Prof an LoCah Flo san al h by h rpor
agrn h h book of accon;
) in or opnon, h Balanc sh, san of
an Lo an Cah Flo san al h brpor coply h h acconng anar r
o n scon 211(3C) of h Ac;
) On h ba of rn rprnaon rcvh rcor, a on march 31, 2012 an ak
rcor by h Boar of drcor, rpor haof h rcor ar qalf a a march 31,
fro bng appon a a rcor n r of (g) of b con (1) of h scon 274 of h Ac
f) in or opnon an o h b of or nforaoaccorng o h xplanaon gvn o , haccon ra oghr h h no hron
h nforaon rqr by h Ac, n h anrqr an gv a r an far v n confor
h acconng prncpl gnrally accp n in
) in h ca of h Balanc sh, of h affar of h Copany a a march 31, 2012
) in h ca of h san of Prof an Lo
h prof for h yar n on ha a; an
) in h ca of Cah Flo san, of h
flo for h yar n on ha a.
For MGB & CFr Rgraon No- 101169w
Charr Acconan
Lal Kma JanParnr
mbrhp No. 72664
Plac : Noada : may 16, 2012
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34 ANNuAL RePORt 2011-1
1. a) th Copany ha anan propr rcor hongfll parclar, nclng qanav al an
aon of fx a.
b) All h fx a, xcp a lyng h hrpar (nclng capal ork n progr), hav bn
phycally vrf by h anagn rng h yar.in or opnon, h procy of phycal vrfcaon
raonabl havng rgar o h z of h Copanyan h nar of a. A nfor, no aral
crpanc r noc on ch vrfcaon.
c) drng h yar, hr a no poal of banal
par of fx a.
2. a) th nvnory ha bn phycally vrf (copyrghof progra an fl rgh vrf h rfrnc o
l ocn/agrn) by h anagn araonabl nrval rng h yar.
b) in or opnon, h procr of phycal vrfcaon of
nvnory follo by h anagn ar raonablan aqa n rlaon o h z of h copany
an h nar of bn.
c) in or opnon, h Copany ha anan proprrcor of nvnory an no crpanc r noc
on phycal vrfcaon a copar o h book rcor.
3. a) th Copany ha no gran any loan, cr orncr, o copan, fr or ohr par covr
n h rgr anan nr scon 301 of h Ac.
b) th Copany ha no akn any loan, cr or
ncr, fro copan, fr or ohr parcovr n h rgr anan nr scon 301
of h Ac.
4. in or opnon an accorng o h nforaon anxplanaon gvn o , hr aqa nrnal conrol
y conra h h z of h Copany an hnar of bn h rgar o prcha of nvnory,
Annx f n paagah (3) f h mmb f Z Nw Lm n h accn fh ya n Mach 31, 2012.
fx a an al of goo an rvc. drng hcor of or a, no ajor akn r noc
h nrnal conrol y n rpc of h afora ara
5. Accorng o h nforaon an xplanaon gvn o hr ar no conrac or arrangn h parclar o
hch ar rqr o b nr no h rgr anann pranc o scon 301 of h Ac.
6. th Copany ha no accp any po fro h pblrng h yar.
7. in or opnon, h Copany ha an nrnal a y
conra h h z an nar of bn.
8. w hav broaly rv h co rcor anan bh Copany pran o h Copan (Co Acconn
Rcor) Rl, 2011 prcrb by h Cnral Govrnnnr scon 209(1)() of h Copan Ac, 1956 an
ar of h opnon ha pra fac h prcrb corcor hav bn anan. w hav, hovr, no
a a al xanaon of h co rcor h a vo rn hhr hy ar accra or copl.
9. Accorng o h rcor of h Copany xan by
an nforaon an xplanaon gvn o :
a) unp saory nclng provn fnnvor caon an procon fn, nco ax
al ax, alh ax, rvc ax, co y, xcy, c an ohr a applcabl hav gnrally b
rglarly po h appropra ahor xcplay n f ca. thr ar no np aon
payabl n rpc of h afora hch havran oanng a a march 31, 2012 for
pro of or han x onh fro h a hbca payabl.
b) Accorng o h rcor of h Copany, h onco ax, hch ar no po on accon of an
p, ar a nr:
Nam f h sa Na f h d Amn (`) p whch h
amn la
Fm wh
nngth inco tax Ac, 1961 inco tax 522,678 An yar 2008-09 Coonr of inco
tax (Appal), mbath inco tax Ac, 1961 inco tax 225,585 An yar 2009-10 Coonr of inco
tax (Appal)-mbath inco tax Ac, 1961 inco tax dc
a orc2,081,830 An yar 2008-09 Coonr of inco
tax (Appal)- Ghazabath inco tax Ac, 1961 inco tax dc
a orc588,120 An yar 2009-10 Coonr of inco
tax (Appal)- Ghazaba
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10. th Copany o no hav accla lo a h nof h fnancal yar an ha no ncrr cah lo n h
crrn fnancal yar an n h aly prcng
fnancal yar.
11. On h ba of or xanaon of rcor an accorng o
h nforaon an xplanaon gvn o , h Copanyha no fal n rpayn of o bank an
fnancal non rng h yar.
12. th Copany ha no gran any loan or avanc on h
ba of cry by ay of plg of har, bnr anohr cr.
13. th Copany no ch fn or a nh / al bnf
fn / ocy.
14. th Copany ha no al n or rang n har, cr,bnr an ohr nvn rng h yar.
15. Accorng o h nforaon an xplanaon gvn o ,
h Copany ha no gvn any garan for loan aknby ohr fro bank an fnancal non.
16. Accorng o h nforaon an xplanaon gvn o ,
h r loan ra rng h yar ha bn appl forprpo for hch hy r ra.
17. Accorng o nforaon an xplanaon gvn o
an on an ovrall xanaon of h Balanc sh of
h Copany, ar of h opnon ha h fn on hor r ba hav no bn for long
nvn.
18. th Copany ha no a any prfrnal allohar o par an copan covr n h r
anan nr scon 301 of h Ac.
19. th Copany ha no any cr bnr h yar.
20. th Copany ha no ra any ony by pblc
rng h yar.
21. Ba on h a procr prfor an accoo h nforaon an xplanaon gvn o ,
ha no fra on or by h Copany ha bn noc
rpor rng h yar.
For MGB & C
Fr Rgraon No- 101169w
Charr Acconan
Lal Kma JanParnr
mbrhp No. 72664
Plac : Noada : may 16, 2012
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36 ANNuAL RePORt 2011-1
BALANCe sHeet As At MArCH 31,
(Aon n `)
N N. 2012 2011
i eQuitY ANd LiABiLitiessharholr' Fn
a) shar Capal 3 239,763,956 239,763,956
b) Rrv an srpl 4 1,548,511,290 1,486,511,843
1,788,275,246 1,726,275,799
Nn-cn Labl
a) Long tr Borrong 5 178,167,001 363,325,342
b) Long tr Provon 6 77,180,928 62,324,403
255,347,929 425,649,745
Cn Labl
a) shor tr Borrong 7 412,758,476 -
b) tra Payabl 8 439,000,531 651,164,094
c) Ohr Crrn Labl 8 318,066,799 299,305,653
) shor tr Provon 6 3,167,408 2,492,3601,172,993,214 952,962,107
tal 3,216,616,389 3,104,887,651
ii Assets
Nn - Cn A
a) Fx A 9
tangbl A 686,907,758 739,945,197
inangbl A 22,131,178 9,054,444
Capal ork-n-progr 13,928,669 46,630,336
b) Non-Crrn invn 10 83,279,820 144,179,820
c) dfrr tax A (N) 11 38,730,244 15,938,864
) Long tr Loan an Avanc 16 33,908,319 17,936,631
) Ohr Non-Crrn A 12 4,350,000 177,425,525
883,235,988 1,151,110,817Cn A
a) invnor 13 9,756,004 220,500,436
b) tra Rcvabl 14 904,913,684 771,074,551
c) Cah an Bank Balanc 15 154,036,721 805,489,095
) shor tr Loan an Avanc 16 1,261,142,891 155,839,111
) Ohr Crrn A 17 3,531,101 873,641
2,333,380,401 1,953,776,834
tal 3,216,616,389 3,104,887,651
N fmng a f h Fnancal samn 1-42
A pr or aach Rpor of vn a For an on bhalf of h Boar
For MGB & C pn Gnka Nah Kma BajaFr Rgraon No.101169w managng drcor drcorCharr Acconan
Lal Kma Jan dnh Gag phal sanghavParnr Chf Fnancal Offcr Copany scrary
mbrhp No. 72664
Plac: Noa
da: may 16, 2012
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stAteMeNt oF proFit ANd Loss For tHe YeAr eNded MArCH 31,
(Aon
N N. 2012 2011
i rvnRvn fro Opraon 18 2,733,344,680 2,430,512
Ohr inco 19 144,993,387 108,452
tal rvn (i) 2,878,338,067 2,538,965
ii exn
Opraonal Co 20 638,366,261 514,34
eploy Bnf expn 21 660,137,243 626,312
Fnanc Co 22 106,558,110 125,65
dprcaon / Aoraon expn 24 101,416,181 92,393
Ohr expn 23 1,032,325,611 1,024,494
tal exn (ii) 2,538,803,406 2,383,197
iii pf bf excnal im an tax (i - ii) 339,534,661 155,767
iV excnal im 25 166,743,191
V pf bf tax (iii - iV) 172,791,470 155,767
Vi tax exn
- Crrn tax 106,700,000 52,000
- dfrr tax (22,791,380) 5,168
- tax of arlr yar 26,883,403 799
Vii pf f h ya 61,999,447 97,799
Viii Bac an dl eanng qy ha
- Bfor excponal i 41 0.95
- Afr excponal i 41 0.26 N fmng a f h Fnancal samn 1-42
A pr or aach Rpor of vn a For an on bhalf of h Boar
For MGB & C pn Gnka Nah Kma
Fr Rgraon No.101169w managng drcor drcorCharr Acconan
Lal Kma Jan dnh Gag phal sanghParnr Chf Fnancal Offcr Copany scr
mbrhp No. 72664
Plac: Noada: may 16, 2012
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38 ANNuAL RePORt 2011-1
Notes to tHe FiNANCiAL stAteMeNts As At MArCH 31, 2012
1. Backgn
Z N L (ZNL or h Copany) ncorporan h sa of maharahra, ina. i har ar l on
o sock exchang n ina. th Copany ha bn anlyn h bn of broacang of n, crrn affar an
rgonal nrann all lvon channl plnkfro ina.
2. sgnfcan Accnng plc
A Ba f paan f Fnancal samn
th fnancal an ar prpar n accoranch inan Gnrally Accp Acconng Prncpl
(GAAP) nr h horcal co convnon on haccral ba an coply n all aral apc h
h acconng anar a nof nr scon
211(3C), h Copan (Acconng sanar) Rl,2006, h provon of h Copan Ac, 1956 angln by h scr an exchang Boar
of ina (seBi).
B u f ema
th prparaon of fnancal an rqr hanagn o ak a an apon ha
affc h rporng aon of a an labl,a of h a of fnancal an an h rpor
aon of rvn an xpn of h yar. Acalrl col ffr fro h a. Any rvon
o a rcogn propcvly n crrn anfr pro.
C tangbl Fx A
a) Fx a ar a a co, n of accla
prcaon an accla parn lo, fany. th co copr prcha prc, borrong
co an rcly arbabl co of brngng ha o orkng conon for h nn .
b) Capal ork n progr copr co of fx
a ha ar no y ray for hr nn a h rporng a.
d inangbl A
inangbl a acqr ar ar on nalrcognon a co. inangbl a ar carr a
co l accla aorzaon an acclaparn lo, f any.
e Bwng C
Borrong Co rcly arbabl o h acqon,
conrcon or procon of an a ha ncarlyak a banal pro of o g ray for
nn or al ar capalz a par of h co o
rpcv a. All ohr borrong co ar xpnn h pro hy occr.
F imamn f tangbl an inangbl A
A ach Balanc sh a, h Copany rv h
carryng aon of a o rn hhr hr an ncaon ha ho a hav ffr parn
lo. if any ch ncaon x, h rcovrablaon of a a n orr o rn
h xn of parn lo. th rcovrabl aon hghr of h n llng prc an val n
rn by conng h a fr caflo xpc fro h connng of h a
hr prn val.
G dcan n tangbl an inangbl A
a) dprcaon on angbl fx a prov
on sragh Ln mho a h ra pcf schl XiV o h Copan Ac, 1956.
b) Lahol iprovn ar aorz ovr hpro of La.
c) inangbl a ar aor on a ragh ln
ba ovr h conoc fl lf a by hanagn.
H invmn
a) invn, hch ar raly ralabl an
nn o b hl for no or han on yafro h a on hch ch nvn ar a
ar claf a crrn nvn. All ohnvn ar claf a long-r nvn
b) Crrn nvn ar a a lor of co an
far val rn on an nval nvnba. Long-r nvn ar a a co l
provon for non ohr han porary h val of ch nvn.
i tanacn n Fgn Cnc
a) Forgn crrncy ranacon ar accon a
h xchang ra prvalng on h a of c
ranacon.
b) Forgn crrncy onary ar rranlang h xchang ra prvalng a h rporn
a. exchang ffrnc ar rcognz a ncoor xpn n h pro n hch hy ar.
c) Non-onary nona n forg
crrncy ar carr a co.
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Zee News Limited
J rvn rcgnn
Rvn rcognz o h xn ha probablha h conoc bnf ha ll flo o h
Copany an h rvn can b rlably ar.Rvn rcognon a nr :-
a) Broacang rvn - Avrn rvn(n of agncy coon) rcognz hn
h rla avrn or corcal apparbfor h pblc .. on lca. sbcrpon
rvn rcognz on coplon of rvc.
b) sal (ncl lcnng of Progra, movan Rgh) ar rcognz hn h lvry
copl.
c) Franch F - Franch f rcognz
proporonaly ovr h pro of rvc.
) dvn nco rcognz hn h
Copany rgh o rcv vn ab