Dear Shareholders,
It's my pleasure to extend a Warm Greetings to you all!
I take the pleasant privilege of addressing you on the occasion of the 24th
Annual General meeting of our company.
The year 2017-18 witnessed the imminent implementation of GST, and the Implementation
of GST hampered the growth of M&E industry during the year, just as it was recovering
from the lingering impact of demonetisation. These policy actions had a temporary negative
impact on the growth trajectory, but we believe that they will aid the longterm growth of
the industry. Strong economic growth, rising disposable income and discretionary spends,
coupled with low entertainment consumption in the country, presents a favourable landscape
for the industry. At Raj Television Network limited, F.Y. 2017-18 we maintained a steady
growth across all quarters and reported revenue of Rs.63.40 Crores with EBITDA of Rs.12.16
Crores. Despite pricing challenges, and increasing costs, we were able to maintain the
performance level. We are confident that we will be able to continue on the path of
augmenting shareholder value.
We are in the midst of refreshing our digital offering, consolidating the learnings
from our subscription and advertising- based platforms. During the Current year, your
company plan to increase our content contribution In-house Production of Contents majorly
Serials, in Tamil language covering different Genres. Healthy advertising revenues are
expected from the new content infusion. Your company is exploring various other delivery
platforms such as direct to handheld and various other OTT technologies. All these new
initiatives are expected to augment the income substantially and help to post better
results in this year.
I take this opportunity to thank all their valued customers, business associates and
vendors for their kind support. I place on record the appreciation of the contribution
made by employees of the Company at all levels that has contributed to your Company's
success and remain in the forefront of media and entertainment business. I thank and
express my gratitude for the support and co-operation received from the Central and State
Governments / regulatory authorities viz. the Ministry of Information & Broadcasting,
the Department of Telecommunication, Ministry of Corporate Affairs, Reserve Bank of India,
Securities and Exchange Board of India, Foreign Investment Promotion Board, the Stock
Exchanges and Depositories and other stakeholders including viewers, producers, vendors,
financial institutions, banks, investors , Service providers and all our stakeholders. I
also place on record their appreciation of the tireless efforts of Team RAJTV, a dedicated
and loyal band of people who have displayed unswerving commitment to their work in these
challenging times and helped the Company deliver good results.
I thank our Board of Directors for their support and exemplary guidance. I also take
this opportunity to express my gratitude to all our stakeholders, who continue to repose
faith and trust in us over the years. Further with my whole heart I sincerely thank all
our shareholders who continued their support over these years, without which our company
would not have grown to this size.
Warm Regards
(Raajhendhran. M)
Chairman and Managing Director
Raj Television Network Limited
(CIN: L92490TN1994PLC027709)
Regd. Office: No.32, Poes Road, Second Street,
Teynampet Chennai - 600 018, Tel: 044-24334149/50
Email: redressal@rajtvnet.in, Website: www.rajtvnet.in