Notes:

2. The above audited financial results (including consolidated results) for the year ended March 31, 2012 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 25, 2012.

3. At their meeting held on May 25, 2012, the Board of Directors of the Company have recommended a final dividend of Rs. 0.75 per share (15 %). This is in addition to the interim dividends of Rs 2.5 per share (50%), Rs 3.75 per share (75%) and Rs 2.50 per share (50%) declared at the Board meetings held on August 1, 2011, November 3, 2011 & February 10, 2012 respectively.

4. The Company's operations predominantly relate to a single segment, "Broadcasting".

5. Against the total projected utilization of Rs. 572.0 crores (net of issue expenses) from the Initial Public Offering ('IPO') funds, an amount of Rs.355.77 crores has been utilised towards capitalization of subsidiaries; Rs. 122.42 crores towards launch of new channels and purchase of new equipment and up-gradation of existing equipment and Rs. 62.34 crores towards construction of owned corporate office. The balance proceeds from the IPO after meeting the IPO expenses, pending utilization have been invested in
fixed deposits with banks.

6. The standalone figures for the quarter ended March 31, 2012 and March 31, 2011 are the balancing figures in respect of the full financial year end March 31, 2012 and March 31, 2011 respectively and the un-audited published year-to-date figures upto December 31, 2011 and December 31, 2010 respectively, being the end of the third quarter of the respective financial years which were subjected to a limited review.

7. Previous periods' / years' figures have been regrouped / reclassified wherever necessary to conform to current period's classification.