Sambhaav Media Ltd

Dear Shareholders,

- Rabindranath Tagore

Media & Entertainment sector is one of the biggest catalyst of change. We as a Company aspires to be that change and impact that lasting change. At Sambhaav, we are mindful that our top priority is our readers, viewers, listeners and advertisers. We find our accomplishments are founded on our belief that our shareholders are a priority. The diversity of the projects we have executed; has reinforced our expertise, experience and foresightedness to create meaningful opportunities in print, electronic, and digital media segment. These together acts as a catalyst of our growth.

"Sambhaav" – A Bouquet of unique well-established branded Media products;

1. Sambhaav Metro – Established and informative afternoon daily, Abhiyaan – Weekly magazine for the entire family;

2. Wise TV Known as Public Entertainment System

(PES)_ 2000+ screens catching around 20 lakh eyeballs per day, PES is India’s first live in_transit TV channel deployed in the buses and bus depots of GSRTC;

3.VTV News - Most popular Gujarati News Channel of international standards;

4. Top FM - 8 FM radio channels in Gujarat and 5

FM radio channels in Jammu & Kashmir to entertain all the listeners irrespective of their age, cast and creed;

5.VTV Gujarati - A Digital portal having 40+ million page views/ month – A unique for Social Media platforms catering news and beyond to the world through online with mobile applications too.

After successfully completing the 8 FM Radio channels in Gujarat your Company has simultaneously taken up the project for 5 FM Radio channels in J&K. But due to Covid 19 pandemic the FM Radio project for Leh and Kargil were delayed which are now are in progress and will be completed before end of 2nd quarter of current financial year. This is a historic milestone for all of us. We have made dedicated endeavors and still in continuation to implement our honorable Prime Ministers’ Mantra i.e. "Vocal for Local" by recruiting enthusiastic RJ(s) from Local regions.

The "VTV news" has completed 10 years of journey as Gujarati news channel have and added new milestones in viewership as it has become number one channel in prime time. I can take pride to say that the "VTV news" channel with its path breaking for public interest journalism has won the hearts of growing viewers. The year 2020-21, was a consolidation and reaffirmation year for Television in India. The "Janata Curfew" ensured that everyone stayed at home and that in turn busting for TV viewership.

Our Company, through its Wholly Owned Subsidiary M/s. VED Technoserve India Private Limited entered into the new foray of Electric Smart Power Fence Project and accomplished with Acceptance Certificate. The Electric Smart Power Fence includes comprehensive onsite maintenance contract. Now we are keen to obtain further orders for the similar projects for security in areas of other Defense Airbase, Private Airports, Research Institutes and other public and private establishments.

We are in run of top-line diversification of an IVT (Integrated Vehicle Tracking) and PIS (Passenger Information System) for GSRTC buses. The system is absolutely stabilized and updates passengers for bus arrivals and departures. It also provides GSRTC a precise location of their rolling-stock. As project was of 5+3 Years, we have successfully completed 5 years of project and it will further extended for further 3 years. We have also project of PES Known as "WISE TV" India’s first live in_transit TV channel. In said project we also hope extension for which negotiation are in Place. During COVID Pandemic we have faced detrimental effect in our operations of GSRTC buses as public transportation was not permitted, still we have maintained our efficiency at par.

The digital transformation is taking shape in a big way, and no industry remains untouched. For "VTV Gujarati" Portal we have more than four crore page views on site, approx., two crore post engagement on Facebook, and fourteen crores plus impressions on YouTube. Recently we crossed ten crore video views per month mark, and this is just the beginning. In the era of COVID, people's content consumption habits changed. The digital adoption of news reached another level and our portal www.vtvgujarati.com became one of the torchbearers.

Due to Covid-19 pandemic, the Media and Entertainment sector is among the hardest hit as it has seen huge layoffs of manpower, deep plunge in revenues owing to standstill in the economy because of protracted lockdown and shutting of economic activities. Viewership for General Entertainment Channels (GEC), News, Movies and Kids genres grew largely when families were homebound for an extended period. At SML, we have ensured optimum level of potential and efficiency so that caters new needs of our clients and strengthened our expertise and workplace transformation to be able to help them accelerate and scale in their digital endeavors.

Despite of COVID-19 Pandemic Situation, the Company has kept all FM Radio Stations running in Gujarat and Jammu & Kashmir and provided entertainment to our audience. We, at the Board level, are very appreciative of the support offered by the team and their family members. Without their commitment and support, we would not have been able to adopt and successfully adapt to the newer ways of working during the year.

At our work places, we have taken all the requisite measures to ensure social distancing, hygiene practices and sanitization of offices periodically to help in fight against the COVID-19 pandemic and in response our dedicated, hardworking, enthusiastic employees ensured smooth functioning of operations and we were confident that we are going to get through together.

Before I conclude, I wish to extend my heartfelt gratitude to all my fellow Board members, management team, employees, customers, partners, suppliers, bankers, government agencies, regulatory authorities and our shareholders for their unflinching and continued support throughout the year.

Thank you all.

Wishing you all a healthy and safe year ahead!