1. The Company owns and operates thirteen news / current affairs and regional entertainment channels namely Zee News, Zee Business, Zee Marathi, Zee Bangla, Zee Punjabi, Zee Gujarati, Zee Telugu, Zee Kannada , Zee 24 Taas, Zee Talkies and Zee Tamil, Zee 24 Ghantalu (launched on April 02, 2009) and Zee News Uttar Pradesh (launched on April 05, 2009).

2. New business comprising of Zee Telugu, Zee Kannada, Zee 24 Taas, Zee Tamil, Zee Talkies, Zee 24 Ghantalu and Zee News Uttar Pradesh have incurred an operating loss of Rs.5748.8 lacs during the year ended March 31, 2009.

3. Zee Akaash News Pvt Ltd – a subsidiary of the Company (60% equity holding) which operates “24 Ghanta”, a Bangali news channel has made an EBIDTA of Rs. 41.1 lacs for the year ended March 31, 2009.

4. The Company operates in one Segment only namely ‘Production and Broadcasting of Television Software’ and hence segment reporting is not applicable.

5. Previous period figures have been rearranged / regrouped wherever necessary.

6. The Statutory Auditors have carried out a “Limited Review” of the standalone financial results for the quarter and year ended March 31, 2009.

7. The above results were reviewed by the Audit Committee and thereafter approved by the Board of Directors in its meeting held on April 23, 2009.

Subhash Chandra
Chairman