Winpro Industries Ltd

DEAR SHAREHOLDERS

The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making high growth strides. Proving its resilience to the world, the Indian M&E sector is on the cusp of a strong phase of growth, backed by rising consumer payments and advertising revenues across all sectors.

The industry has been largely driven by increasing digitization and higher internet usage over the last decade. Internet has almost become a mainstream media for entertainment for most of the people. Recent statistics and developments pertaining to the sector are discussed hereafter.

2014-2015 has been a turning point for the media and entertainment industry in India in many ways. With the current government’s optimistic outlook, business sentiment has been positive and strengthened by a number of growth promoting policy initiatives taken in the recent months. A benign global economic environment and a stable central government likely promoted the Economic Survey to suggest that India has reached a sweet spot and could finally be launched on a double- digit medium term growth trajectory. Top global institutes also seem to have an upbeat view on India.

In television, advertising saw strong growth, driven by the positive shift in the macroeconomic environment, the emergence of e- commerce as a significant new advertising spender. At the same time, despite rollout of digital set top boxes, the anticipated improvement in addressability, increase in subscription revenues and more equitable sharing of subscription revenues continues to evade the industry.

The building blocks for future growth have been put in place in 2014 by offerings; such as new spectrum for mobile, ongoing digitalization in cable, consolidation in exhibition, and Phase III auctions for radio. India now needs to ensure flawless and timely execution of these policies. In addition, at a local level, intervention such as speeding up permissions for multiplexes, live events and so on, could go a long way in boosting confidence and growth. With an advertising boost due to the ICC cricket world cup, strong projections for economic growth and a sturdy base of these building blocks, 2015 seems to hold great promise for the industry.

Thus, considering the market scenario and future projection the Company intend to keep up to its performance in the year to come so as to avail the opportunity provided by the industry. During the year under review, operational efficiency and due implementation of business strategy lead to revenue generation of Rs. Rs. 92,47,65,260 as against Rs. 89,88,20,877 during the previous year. However, the Company has recorded a net loss (after tax) of Rs. 70,60,822 as against Rs. 22,93,267 last year. The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013 and Generally Accepted Accounting Principles in India. Please refer Directors’ Report in this respect.