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D B Corp Ltd

BSE Code : 533151 | NSE Symbol : DBCORP | ISIN:INE950I01011| SECTOR : Media - Print/Television/Radio |

NSE BSE
 
SMC up arrow

125.65

5.90 (4.93%) Volume 715653

27-Sep-2022 EOD

Prev. Close

119.75

Open Price

120.15

Bid Price (QTY)

125.65(4305)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 127.40 - 120.15

52 wk High/Low 156.80 - 72.55

Key Stats

MARKET CAP (RS CR) 2229.13
P/E 11.39
BOOK VALUE (RS) 106.5472704
DIV (%) 50
MARKET LOT 1
EPS (TTM) 11.05
PRICE/BOOK 1.18116587621188
DIV YIELD.(%) 3.97
FACE VALUE (RS) 10
DELIVERABLES (%) 31.03
4

News & Announcements

22-Sep-2022

D B Corp Ltd - Shareholder Meeting / Postal Ballot-Scrutinizers Report

22-Sep-2022

D B Corp Ltd - D.B.Corp Limited - Annual General Meeting

20-Sep-2022

D B Corp Ltd - Shareholder Meeting / Postal Ballot-Outcome of AGM

20-Sep-2022

D B Corp Ltd - D.B.Corp Limited - Annual General Meeting

09-Aug-2022

DB Corp to conduct AGM

29-Jul-2022

Board of DB Corp recommends Interim Dividend

22-Jul-2022

DB Corp to discuss results

14-May-2022

Board of DB Corp recommends Final Dividend

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
3rd Rock Multimedia Ltd 532066 3RDROCK
52 Weeks Entertainment Ltd 531925
Aastha Broadcasting Network Ltd 503673
AMGF Intercorp Ltd 40267
Asian Films Production & Distribution Ltd 532047
B A G Films & Media Ltd 532507 BAGFILMS
Baba Arts Ltd 532380
Balaji Telefilms Ltd 532382 BALAJITELE
BGIL Films & Technologies Ltd 511664
BMB Music & Magnetics Ltd 531420
Bodhi Tree Multimedia Ltd 535366 BTML
Broadcast Initiatives Ltd 532816 BROADCAST
CDI International Ltd 526141 COMPACDISC
Channel Nine Entertainment Ltd 535142
Cineline India Ltd 532807 CINELINE
Cinemax India Ltd(Merged) 534711 CINEMAXIN
Cinerad Communications Ltd 530457
Cinevista Ltd 532324 CINEVISTA
City Pulse Multiplex Ltd 542727
Colorchips New Media Ltd 540023
Creative Eye Ltd 532392 CREATIVEYE
Credence Sound & Vision Ltd 526741
Crest Animation Studios Ltd 526785 CRESTANI
Cyber Media (India) Ltd 532640 CYBERMEDIA
Deccan Chronicle Holdings Ltd 532608 DCHL
Den Networks Ltd 533137 DEN
Digicontent Ltd 542685 DGCONTENT
Diksat Transworld Ltd 540151
Diligent Media Corporation Ltd 540789 DNAMEDIA
Dish TV India Ltd 532839 DISHTV
Divine Entertainment Ltd 531907
Divine Multimedia (India) Ltd 523810
DQ Entertainment International Ltd 533176 DQE
DSJ Keep Learning Ltd 526677 KEEPLEARN
Eduexel Infotainment Ltd 526483
Entertainment Network (India) Ltd 532700 ENIL
Eros International Media Ltd 533261 EROSMEDIA
ETC Networks Ltd (Merged) 506156 ETCNETWORK
ETC Networks Ltd(merged) 532615 ETCNET
Fame India Ltd(Merged) 532631 FAME
Fast Track Entertainment Ltd 532084
Filmcity Media Ltd 531486
G V Films Ltd 523277
Galaxy Cloud Kitchens Ltd 506186
Ganesh Films India Ltd 541703
Giriraj Entertainment Ltd 532037
Global Films & Broadcasting Ltd 531660
Goldfish Entertainment Ltd 531251
Gradiente Infotainment Ltd 590126
GTPL Hathway Ltd 540602 GTPL
H T Media Ltd 532662 HTMEDIA
Hathway Bhawani Cabletel & Datacom Ltd 509073
Hathway Cable & Datacom Ltd 533162 HATHWAY
Hindustan Media Ventures Ltd 533217 HMVL
Inhouse Productions Ltd 526610
Inox Leisure Ltd 532706 INOXLEISUR
Jagran Prakashan Ltd 532705 JAGRAN
Jain Studios Ltd 532033 JAINSTUDIO
Khyati Multimedia Entertainment Ltd 531692
Koffee Break Pictures Ltd 531602
Kohinoor Broadcasting Corporation Ltd 531366
Kome-on Communication Ltd 539910
KSS Ltd 532081 KSERASERA
Landmarc Leisure Corporation Ltd 532275
Lila Worldwide Ltd 531894 VATSMUSC
Madhya Pradesh Today Media Ltd 535009 MPTODAY
Media Matrix Worldwide Ltd 512267 MMWL
Mediaone Global Entertainment Ltd 503685
Midvalley Entertainment Ltd 533310
Moving Picture Company (I) Ltd 590011
Mukta Arts Ltd 532357 MUKTAARTS
Music Broadcast Ltd 540366 RADIOCITY
Net Pix Shorts Digital Media Ltd 543247
Network 18 Media & Investments Ltd 532798 NETWORK18
New Delhi Television Ltd 532529 NDTV
Next Mediaworks Ltd 532416 NEXTMEDIA
Nextgen Animation Mediaa Ltd 532999
Nine Media & Information Services Ltd 531150
NxtDigital Ltd 500189 NXTDIGITAL
Odyssey Video Communications Ltd 517465
Orient Tradelink Ltd 531512
Ortel Communications Ltd 539015 ORTEL
P. B. Films Ltd 539352
Padmalaya Telefilms Ltd 532350 PADMALAYAT
Panorama Studios International Ltd 539469
Pentamedia Graphics Ltd 500329 PENTSFWARE
Picturehouse Media Ltd 532355
Pooja Entertainment & Films Ltd 532011
Prime Focus Ltd 532748 PFOCUS
Pritish Nandy Communications Ltd 532387 PNC
Purple Entertainment Ltd 540159
PVR Ltd 532689 PVR
Pyramid Saimira Theatre Ltd(Merged) 532791 PSTL
Radaan Mediaworks (I) Ltd 590070 RADAAN
Radan Multimedia Ltd 523451
Raj Television Network Ltd 532826 RAJTV
Reliance Broadcast Network Ltd 533143 RBN
Reliance MediaWorks Ltd 532399 RELMEDIA
SAB Events & Governance Now Media Ltd 540081 SABEVENTS
Sadhna Broadcast Ltd 540821
Sagar Productions Ltd 532092
Sahara One Media and Entertainment Ltd 503691
Sai Television Ltd 521321 SAITELE
Sambhaav Media Ltd 511630 SAMBHAAV
Saregama India Ltd 532163 SAREGAMA
SDC Techmedia Ltd 535647
Sea TV Network Ltd 533268
Shalimar Productions Ltd 512499
Shemaroo Entertainment Ltd 538685 SHEMAROO
Shree Ashtavinayak Cine Vision Ltd 532793 SHREEASHTA
Sibar Media & Entertainment Ltd 532353
Silly Monks Entertainment Ltd 535043 SILLYMONKS
Siti Networks Ltd 532795 SITINET
Sowbhagya Media Ltd 532025
Spicy Entertainment & Media Ltd 540084
Sri Adhikari Brothers Television Network Ltd 530943 SABTN
Srishti Video Corp Ltd 517366 SRISHTIVID
SRS Ltd 533569 SRSLTD
Sun TV Network Ltd 532733 SUNTV
T.V. Today Network Ltd 532515 TVTODAY
Television Eighteen India Ltd (Merged) 532299 TV-18
Thinkink Picturez Ltd 539310
Tips Industries Ltd 532375 TIPSINDLTD
Trilogic Digital Media Ltd 531712
TV Vision Ltd 540083 TVVISION
TV18 Broadcast Ltd 532800 TV18BRDCST
UFO Moviez India Ltd 539141 UFO
Unistar Multimedia Ltd 532035
Universal Arts Ltd 532378
Universal Media Network Ltd 531790
UTV Software Communications Ltd 532619 UTVSOF
V R Films & Studios Ltd 542654
Veronica Production Ltd 531695
Via Media India Ltd 526759
Vision Cinemas Ltd 526441
Vision Corporation Ltd 531668
Winpro Industries Ltd 531337 WINPRO
Zee Entertainment Enterprises Ltd 505537 ZEEL
Zee Media Corporation Ltd 532794 ZEEMEDIA

Share Holding

Category No. of shares Percentage
Total Foreign 22877040 12.92
Total Institutions 7286688 4.11
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 2829078 1.60
Total Promoters 125703125 70.97
Total Public & others 18428028 10.41
Total 177123959 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About D B Corp Ltd

D B Corp Limited (DBCL) is India's largest media conglomerate with presence across Print, Radio and Digital. The company is headquartered in Bhopal, Madhya Pradesh, India, with over 11,000 employees across the country. As India's largest print media company, DBCL publishes 6 newspapers - Dainik Bhaskar (46 editions), Divya Bhaskar (9 editions), Divya Marathi (6 editions), Saurashtra Samachar, DB Star and DB Post in 4 languages i.e., Hindi, Gujarati, Marathi and English. DBCL is present across 12 states in India with a footprint in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Jharkhand and Bihar. DBCL is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is either a clear leader or a formidable player in all its major markets. The company's other business interests span across radio and digital mediums. In the FM radio segment, the brand has a strong presence in '94.3 MY FM' available in 7 states and 30 cities creating a valuable package to advertisers in Tier II and III cities, where Dainik Bhaskar is already a leader in its print business. DBCL also has a strong online presence with 9 Internet portals with a very formidable and strong position in almost 67% of Indian language media space, in terms of Unique Visitors and Page Views. Further, it is the dominant No.1 digital player in various Indian languages, i.e., Hindi and Gujarati, alongside 4 actively available and well-used mobile apps - Dainik Bhaskar and Divya Bhaskar. D B Corp Ltd was incorporated on October 27, 1995 with the Multi-Tech Energy Ltd. In December 1, 2005, the name of the company was changed from Multi-Tech Energy Ltd to D B Corp Ltd. As per the scheme of arrangement, the business of publication, including the assets and liabilities, intellectual property rights, employees and printing of newspaper under the title 'Dainik Bhaskar' and 'Divya Bhaskar' and the wind farm business of Writers and Publishers Ltd were transferred to the company as a going concern with effect from April 1, 2005. In the year 2006, the company launched Ujjain, Sagar editions of 'Dainik Bhaskar' and Rajkot Edition of 'Divya Bhaskar'. Also, they launched a new edition of 'Dainik Bhaskar' in Punjab. The company's subsidiary, Synergy Media Entertainment Ltd acquired 17 licenses for their FM Radio operations and also launched operations in Jaipur. In the year 2007, the company launched Hindi edition of 'Dainik Bhaskar' from Ludhiana. They launched new edition of 'Divya Bhaskar' in Gujarat. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market the Newspaper DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Gujarat. The company's subsidiary, Synergy Media Entertainment Ltd launched 13 FM radio stations at various locations in India. In June 2007, as per the scheme of arrangement, the internet division of Indiainfo was transferred to the company. In the year 2008, the company's new brand 'DB Star' was published from Indore and Bhopal. They launched 'Business Bhaskar' in Bhopal, Indore, Raipur, Panipat, New Delhi, Jalandhar and Ludhiana. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market editions of DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Rajasthan. Their subsidiary, Synergy Media Entertainment Ltd launched three FM radio stations at Kota, Jabalpur and Raipur. During the year 2008-09, the company launched Dainik Bhaskar in Jagdalpur, Bhilai, Nagour, Pali, Ratlam, Shimla and Dehradun. In September 2008, they launched Business Bhaskar in New Delhi. In January 6, 2010, the equity shares of the company were on listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In August 2010, the company launched the new edition of Dainik Bhaskar in Ranchi. In September 2010, the company launched Dainik Bhaskar at Bhatinda in Punjab and Itarsi in Madhya Pradesh. Also, the company launched full fledged printing centres in Sirohi and Barmet in Rajasthan for their brand Dainik Bhaskar to further strengthen their readership. During the financial year ended 31 March 2014, D B Corp Limited (DBCL) delivered a robust operating performance amidst a challenging market environment. Focus on sustaining and extending leadership in core markets, consistent focus on operational efficiencies as well as strong performance across print and non-print segments have enabled the company to report significant growth. Associations with leading media brands for exclusive, unique content and realignment of corporate sales and marketing strategy with the aim of providing greater focus to advertisers at every state level has contributed extensively in achieving the growth. With the necessary strategic platform already set at the start of the year, the company was able to capture higher ad revenue from regional markets under various segments. In Maharashtra, the company launched new editions at Akola and Amaravati. Divya Marathi maintained strong growth momentum across all 7 editions during the year. Apart from further building readership in the existing markets, the company also entered into the state of Bihar with the launch of Patna edition in Q4 March 2014. On the infrastructure front, the company continued to invest in upgrading the printing facilities to provide quality product at all the locations and building efficiencies of advanced technology. On the corporate front, DBCL integrated its internet and interactive mobile services business which was housed in its wholly-owned subsidiary I Media Corp Ltd. (IMCL) by demerging the same from IMCL and merging into DBCL. The demerger, which was approved by the High Court of Madhya Pradesh, Principal Seat at Jabalpur vide its order dated 27 March, 2014, became effective from 1 April 2013 (Appointed Date). This demerger brought the 3 major segments viz. Print, Radio & Internet under one company. As a result of this demerger, DBCL's wholly-owned subsidiary IMCL now carries out only events related business. During the year, DBCL sold its entire stake of 51 % held in Divya Prabhat Publications Private Limited (DPPPL) to Mr. Prabhat Sojatia and Mr. Sunil Sojatia by terminating the Shareholders' Agreement dated 1 October, 2011 executed between the two companies and members of the Sojatia family. Accordingly, DPPPL had ceased to be a subsidiary of DBCL effective close of business hours on 30 June 2013. During the financial year ended 31 March 2015, D B Corp Limited (DBCL) continued to focus on strengthening its presence in the existing markets of Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat, Chandigarh, Punjab, Haryana and Himachal Pradesh in its print media business. D B Corp Limited (DBCL) implemented advertisement yield strategy agenda, by taking a substantial hike in print media advertising rates, at the beginning of financial year 2015-16. It faced some resistance from advertisers and media agencies initially and hence, the advertising revenue growth witnessed yearly decline. During the year, DBCL successfully completed its Bihar roll-out. The company launched new editions in Bhagalpur, Gaya and Muzaffarpur, besides, 7 district editions, thus extending its reach and presence to the entire geography of Bihar. The company launched a broadsheet English language newspaper 'DB Post' from Bhopal. DB Post is a compact, smart product catering to the youth and English readership. It was launched as a crisp product to fill an important reader demand in the region, and has met with satisfactory interest. During the year, the company launched Money Bhaskar App, the first Multi-lingual Business app in India on the iOS and Android platforms. DBCL's Radio Business continued to perform exceptionally well in 2015-16. During the year, the radio business bagged new station license for 13 new radio stations in major Tier II cities of India, in majority of which DBCL has presence in print business as well. With regard to Digital Business, www.dainikbhaskar.com introduced video bulletin that enables the users to see and hear the news rather than just reading it crossing a 13 million video view during the month of March 2016. It helped to increase engagement and to cross the language barrier and tap the English reader who also watches Hindi video. During the year, www.moneybhaskar.com was launched in Gujarati for more localized and focused business news catering to the large Gujarati diaspora and business community. DB Digital introduced two new websites gadgets.bhaskar.com and food.bhaskar.com during the year under review. DB Digital saw a phenomenal growth in FY 2015-16 in terms of Unique Visitors (UV) and Page per Visit (PV). DB Digital subsuming of eleven digital portals has breached 1,197 million PV and 34 million UV mark. During the financial year ended 31 March 2017, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. As per Press In India Report 2015-16 prepared by Registrar of Newspapers of India (RNI), Dainik Bhakar becomes the nation's largest circulated multi-edition daily. Dainik Bhaskar was awarded ISO-9001:2015 certification for Quality Management Systems in its newspaper distribution function and is probably the only newspaper organisation in India to receive such certification. The company's Radio Business continued to perform exceptionally well in FY 2016-17. DB Digital saw a phenomenal growth in FY 2016-17 in terms of Unique Visitors (UV) and Page per Visit (PV). During FY 2016-17, DB Digital leveraged its various assets. DBCL introduced a live video streaming platform called Bhaskar Live' and a UGC video platform for its readers to share their live feeds and reach out to 90 million users. On 1 August 2016, DBCL launched its real estate portal homeonline.com. It offers end to end services to home buyers from purchase to shifting into new house offering value added services - Vaastu compliance, home decor, furnishings, maintenance, etc. In a span of 8 months, Homeonline.com served more than ~100K property seekers online, connecting 10,000+ property owners with home seekers in Bhopal and Raipur. During the year under review, DBCL diluted its entire shareholding in I Media Corp Limited (IMCL) to DB Infomedia Pvt. Ltd. (DBIPL) for a lumpsum consideration, thereby making it a step-down subsidiary of the company and a wholly-owned subsidiary of DBIPL. During the year, DBCL consolidated its shareholding held in DBIPL by purchase of 5,000 shares from the minority shareholder. The said purchase was in accordance with the terms of Share Subscription and Shareholders' Agreement dated 16 April 2015 executed by the company with the minority shareholder and DBIPL. Consequent to the purchase, DBIPL has become wholly-owned subsidiary of DBCL. As per the terms of Share Subscription and Shareholders' Agreement executed by DBCL with DBIPL and the minority shareholder, DBCL had subscribed to 10,00,000 0.01% Compulsorily Convertible Debentures (CCDs) of Rs. 10/- each. As per the terms of issue, the said CCDs were converted into equivalent number of equity shares and accordingly 10,00,000 equity shares of face value of Rs. 10/- each were allotted to DBCL by the Board of DBIPL. During the year under review, upon recommendations of the Audit Committee, the Board of Directors of DBCL at its meeting held on 19 January 2017 approved a Composite Scheme of Arrangement and Amalgamation between DBCL and its subsidiaries; I Media Corp Limited (IMCL / Transferor Company) and DB Infomedia Private Limited (DBIPL / Demerged Company / Transferee Company). Under this Composite Scheme, IMCL was proposed to be amalgamated into DBIPL and thereafter, the Internet Business of DBIPL was to be hived-off / demerged into DBCL. The said Composite Scheme was approved by the Board of respective subsidiary companies as well. However, at the meeting held on 18 May 2017, the Board of Directors upon recommendation of the Audit Committee, re-evaluated the validity of the above Scheme and came to the conclusion that in light of the current business environment, the proposed Composite Scheme will no longer give any extra benefits to the company and its stakeholders. Hence, a decision was taken to withdraw the Composite Scheme of Arrangement and Amalgamation as aforesaid and not to be acted upon further. During the financial year ended 31 March 2018, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. Dainik Bhaskar newspaper continues to be the Nation's largest circulated multi-edition daily as per Press In India Report 2016-17 prepared by the Registrar of Newspapers of India (RNI). During FY 2017-18, the company's circulation strategy was complemented by strong editorial and product enrichment efforts along with unique and impactful reader engagement initiatives. During the year under review, the company executed a challenging and ambitious Circulation Expansion strategy in its legacy markets of Rajasthan, Gujarat and in the newer market of Bihar. The circulation copies increased from an average of 50.4 lakh copies at the start of the initiative in July 2017 to 57.9 lakh copies by the end of the year i.e. a growth of around 15% in a 9-month's period; and this entire circulation increase was achieved at a higher cover price. Dainik Bhaskar also marked their expansion into Gujarat and launched the Surat edition on 30 April 2017, establishing a strong presence in a large cosmopolitan city with almost 28 lakhs of the non-Gujarati speaking population. Dainik Bhaskar successfully tapped the existing potential amongst Surat's non-Gujarati speaking, multicultural, industrialised households, who have migrated from neighbouring states like Rajasthan, NCR, Punjab, Haryana UP, Bihar, Jharkhand and Uttarakhand. The company's Radio Business continued to perform exceptionally well in FY 2017-18. MY FM completed the fastest roll out of all 13 newly acquired stations under Batch I of Phase III and expanded the company's reach to 7 states across 30 cities, being the largest player in the Rest of Maharashtra and No. 1 in Chandigarh / Haryana / Punjab / Rajasthan / Madhya Pradesh and Chhattisgarh. Innovative and unique activation initiatives were undertaken throughout the fiscal that strengthened 94.3 MY FM's connect with listeners and leading consumer brands alike. During the year under review, DB Digital's focus was strongly on technology for continuous optimisation, better user engagement and maximising ROI to advertisers. DB Digital launched Wisdom' an in-house analytics and data intelligence proprietary tool that supports the editorial team with real-time insights on content. The company's real estate portal homeonline.com served more than ~1.3 mn home-seeking users online, connecting 80,000+ home seekers with property owners/ builders in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. More than 75,000 properties and 900+ projects were made available to home seekers in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. DBCL's shareholders approved Buyback proposal for buy-back of up to 92,00,000 fully paid-up equity shares of Rs. 10/- each (being approx. 5% of the total paid-up equity share capital of the Company as on 31st March, 2018) at a price of Rs. 340/- per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 312.80 crore (excluding transaction cost viz. brokerage, applicable taxes such as securities transaction tax, stamp duty and goods and service tax, etc.). The approval for Buyback proposal was accorded by the shareholders of the company by passing the enabling Special Resolution through Postal Ballot as per statutory requirements in this regard, the results of which were declared by the company on 7 July 2018. The Record Date for determining the eligibility of the shareholders to participate in the Buyback is set as 18 July 2018. The company will be completing the Buyback within 12 months from the date of Special Resolution passed approving the proposed Buyback. During FY 2019, the Company launched new readers' engagement scheme Run Banao Karodon Ke Inaam Paao' to encash the ensuing cricket season - starting from India-Australia series, followed by IPL and then ICC World Cup. Shikhar Dhawan was roped in as an ambassador to garner interest among non-readers, which duly reflected in the circulation number. In FY 2019, the Company launched Mahabharat 2019' an exclusive drive at Pan-India level on Lok Sabha election with the introduction of special election jacket and special election pages. The initiative continues to gather huge readership appeal through various special properties on election with the aim to bring extensive ground coverage and in-depth analysis for its readers. MY FM concluded a massive 360-degree campaign Aapki Marzi' for its listeners in Maharashtra in order to keep the content in sync with the listeners' expectations. Marathi content was expanded across the stations in the state, basis the feedback received. MY FM launched this new show to infuse fun, positive and light-hearted listening during the late evening time featuring the non-clich on-air friend Dev' in FY19. In FY 2019, the company launched Paison ka Ped' in 11 cities - India's First Radio Reality Show where people from various walks of life are selected through a series of auditions and interviews. In FY 2019, MY FM Jashn' concluded in Jaipur and Indore. Events were starred by two mega artist Vipul Goel (Stand-up Comedian) and Kavi Sammelan Kumar Vishwas and Team which was attended by over 10,000 audiences in both the cities. In FY19, MY FM concluded the largest painting competition in Tier II and III markets with a participation of ~2.7 Lakh kids for Rangrezz' Season 5.In Print business, the Hansa Research Group undertook a commissioned Bihar Readership Research in July 2018 to gauge the readership of various Hindi Newspapers, their readership profile, key product consumptions, readers' engagement and brand satisfaction. As per this readership report, Dainik Bhaskar was at No. 2 position with an Average Issue Readership (AIR) of 9.11 Lakh, while the legacy player had an AIR of 9.98 Lakh readers.

D B Corp Ltd Chairman Speech

It is said that adaptability is about the powerful difference between changing to cope and changing to win. The strong moral and philosophical fibre that our late Chairman Shri Ramesh Chandra Ji Agarwal weaved into your Company helped it to firmly withstand the challenges through the pandemic. In keeping with the philosophy of turning adversity into an opportunity, Dainik Bhaskar Group continues to remain at the forefront of innovation in the Indian print sector.

The Fiscal 2021, has been an extremely unprecedented year on a global scale and in this adversity we have seen truly challenging times, both on the professional front as well as on the personal front. I would like to take this opportunity to appreciate the efforts and courage shown by the brave journalists who ensured continuous flow of news amid challenges of the pandemic. This reflects the core principle that we have been following for the last many decades: Courageous Journalism is difficult and if done well is the most sustainable path for the future.

Our Founder's strategy of choosing the un-metro path has proven beneficial for us as these markets are at the forefront of the economic recovery in the country. For the Print Industry, it has also been a year of reaffirmation of the fact that the Indian reader is extremely discerning and values good editorial ethos.

The Newspaper Business

During fiscal year 2021, the print media landscape continued to undergo structural changes, with the Indian language print exhibiting higher resilience in comparison to its English counterparts. Indian language newspapers were certified as the most credible medium in news dissemination which was further validated by various agencies during the year.

The Dainik Bhaskar Group continues to follow strong journalistic approach, while keeping the readers at the centre of all our efforts. During the pandemic, the Group rose to the occasion and delivered unbiased and courageous journalism bringing the truth to the fore. Our eye-opening coverage of the pandemic has garnered us the reputation of being the most valuable and respected newspaper not just in India, but also globally. The reaffirmation of our faith in fearless and responsible journalism stems from the innate desire in every member of our team to bring about a positive change in the society. We continue to integrate reader-centric approach that puts the reader first by exploring numerous topics that contain knowledgable information useful to our readers. Our editorial philosophy has always aided us in meeting our readers' expectations and establishing a strong reader'connect.

It has been our consistent endeavour to remain at the forefront of innovation in print industry. During the year, Dainik Bhaskar Group has crossed several milestones, we published 24 ‘Mega Editions' across our major markets, despite the challenging fiscal, heralding the return of advertisers in Tier-II, Tier-III cities and beyond.

Circulation Strategy

In an uncertain business environment, the teams at Dainik Bhaskar have displayed tremendous resilience in ensuring continuity of business. Despite the initial challenges, we were able to continue publishing our newspapers without interruption for all the 64 editions across all states, thanks to the efforts of the production, editorial, sales, and other team members who worked tirelessly to ensure continuity of operations on both the production and distribution sides.

To ensure that our circulation resume normalcy at the earliest, we devised a well-defined two-pronged strategy. Firstly, we assuaged readers' fears that the newspaper might contain a virus, and secondly, we increased our focus on the revival and strengthening of the distribution channel which had been disrupted due to the lockdown measures. The said efforts have enabled us in recovering the circulation faster; we were able to reclaim more than 90% of our pre-COVID circulation numbers. In a few cities and towns, our teams' on-the-ground calibrations have enabled us attain nearly 95% of pre-COVID levels. The recoveries have been significant in the key states of Madhya Pradesh, Rajasthan, and Gujarat. During the second wave of COVID-19, we witnessed negligible impact and our team's effort and strategy formulated during the first wave has not only aided in safeguarding our circulation during these times, but aided in strengthening our position in most of our markets.

Further, we continue to work harder to stay relevant to our readers and reach new circulation milestones, demonstrating the value of a well-targeted circulation plan.

The Radio Business

In the Radio Business, D. B. Corp Ltd. continues to be the largest player in Rest of Maharashtra and maintains leadership position in Chandigarh, Haryana, Punjab, Rajasthan, Madhya Pradesh and Chhattisgarh. MY FM has been strategically positioned to target the non-metro markets that are driving India's growth and displaying greater resilience than metro regions in the event of a global pandemic. In these uncertain times, in keeping with the brand's philosophy of ‘Aaj Kuch Achcha Sunte Hain' (Let us listen to something cheerful today), MY FM has been a leader in its vision by offering positive, light, and engaging content that assists listeners in living a healthy and happy life and in overcoming negativity.

The Digital Business – Complementing & Supplementing our Print Strategy

We are leveraging our expertise and experience in print media to bring comprehensive, high-quality content to our audience in the digital format. We continue to invest in our digital business, with a particular emphasis on growing the number of daily active users on our app, and we have made tremendous progress in this area. Our strategy of providing the best-in-class, ad-free user experience on our digital app while maintaining high-quality, insightful, and reader-engaged content resulted in a 7.5x increase in monthly active users (MAU) over the previous 18 months (Source: ComScore). Additionally, our Hindi and Gujarati news applications are among the highest-rated news apps, with over a million downloads, owing to our commitment to high-quality content creation and a highly customised product experience. Our consistent dedication to providing the best possible customer experience has been critical in sustaining and improving user retention in our key areas, and we aspire to emulate that success in other markets. We will continue to invest in technology to optimise products continuously in order to support our long-term growth and monetisation goal. With increasing focus on digital medium, we are well-prepared to capitalise on it through our customer-centric strategy.

We continue to invest in our digital business, with a particular emphasis on growing the number of daily active users on our apps, and we have made tremendous progress in this area. Our strategy of providing the best-in-class, ad-free user experience on our digital apps while maintaining high-quality, insightful, and reader-engaged content resulted in a 7.5x increase in monthly active users over the previous 18 months.

Our efforts towards bringing operational efficiency, combined with softening newsprint prices, resulted in a cost savings of around Rs1,950 million in fiscal 2021. This is much higher than the company's target to save Rs1,250 million.

Our Financial Performance Cost Rationalisation Measures

Throughout fiscal 2020-21, we remained committed towards cost optimisation efforts that we began in fiscal 2019. Our efforts towards bringing operational efficiency, combined with reduction in newsprint prices, resulted in a cost savings of around Rs1,950 million in fiscal 2021, for operational and personnel expenses combined, which is much higher than the Company's initial aim of Rs 1,250 million. Our laser-like focus on cost containment has aided in safeguarding the profitability during these difficult times. We believe that our cost optimisation initiatives will result in sustainable savings of 55%-60% going forward.

Strengthening our Balance Sheet

Our debt-free balance sheet ensured financial stability during these trying times. Despite the global pandemic, we were able to maintain a debt-free balance sheet and generate free cash flows, which is a resultant of various cost control measures undertaken by the Company during the fiscal year, which enabled the Company to run operations smoothly.

Financial Performance

For FY 2020-21, our Company reported a PAT of Rs1,414 million with a PAT margin of 9%. EBIDTA for the year stood at Rs 3,193 million, resulting in an EBITDA margin of 21%; we were able to sustain our operating margins on the back of stringent cost control measures coupled with softness in the newsprint prices.

Rewarding our Shareholders as a cash-generating company, it has always been our policy to return excess funds to shareholders. Despite the challenging times, we continue to adhere to our policy. This year, too, we have already declared 30% dividend i.e., Rs 3 per share on face value of Rs10 per share, which equates to a 37% pay-out of our net profit.

The Way Forward

Despite the strong pandemic led headwinds, the

Dainik Bhaskar Group's well calibrated Editorial, Circulation, and Ad revenue strategies have helped the Company to outperform industry performance both in terms of circulation and advertisement revenue. During these trying times, we have further strengthened our determination to ensure that we capitalise on every available opportunity while keeping our readers at the centre of all our efforts. We believe that with the mass vaccination drive and proactive steps of the governments, the economies are driving towards normalcy, which will endure the performance of D. B. Corp Ltd. going forward.

Let me take this opportunity to thank our Board of Directors, Stakeholders for the encouragement and unstinted support and to our team for their untiring efforts to drive this Company to greater heights.

   

D B Corp Ltd Company History

D B Corp Limited (DBCL) is India's largest media conglomerate with presence across Print, Radio and Digital. The company is headquartered in Bhopal, Madhya Pradesh, India, with over 11,000 employees across the country. As India's largest print media company, DBCL publishes 6 newspapers - Dainik Bhaskar (46 editions), Divya Bhaskar (9 editions), Divya Marathi (6 editions), Saurashtra Samachar, DB Star and DB Post in 4 languages i.e., Hindi, Gujarati, Marathi and English. DBCL is present across 12 states in India with a footprint in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Jharkhand and Bihar. DBCL is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is either a clear leader or a formidable player in all its major markets. The company's other business interests span across radio and digital mediums. In the FM radio segment, the brand has a strong presence in '94.3 MY FM' available in 7 states and 30 cities creating a valuable package to advertisers in Tier II and III cities, where Dainik Bhaskar is already a leader in its print business. DBCL also has a strong online presence with 9 Internet portals with a very formidable and strong position in almost 67% of Indian language media space, in terms of Unique Visitors and Page Views. Further, it is the dominant No.1 digital player in various Indian languages, i.e., Hindi and Gujarati, alongside 4 actively available and well-used mobile apps - Dainik Bhaskar and Divya Bhaskar. D B Corp Ltd was incorporated on October 27, 1995 with the Multi-Tech Energy Ltd. In December 1, 2005, the name of the company was changed from Multi-Tech Energy Ltd to D B Corp Ltd. As per the scheme of arrangement, the business of publication, including the assets and liabilities, intellectual property rights, employees and printing of newspaper under the title 'Dainik Bhaskar' and 'Divya Bhaskar' and the wind farm business of Writers and Publishers Ltd were transferred to the company as a going concern with effect from April 1, 2005. In the year 2006, the company launched Ujjain, Sagar editions of 'Dainik Bhaskar' and Rajkot Edition of 'Divya Bhaskar'. Also, they launched a new edition of 'Dainik Bhaskar' in Punjab. The company's subsidiary, Synergy Media Entertainment Ltd acquired 17 licenses for their FM Radio operations and also launched operations in Jaipur. In the year 2007, the company launched Hindi edition of 'Dainik Bhaskar' from Ludhiana. They launched new edition of 'Divya Bhaskar' in Gujarat. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market the Newspaper DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Gujarat. The company's subsidiary, Synergy Media Entertainment Ltd launched 13 FM radio stations at various locations in India. In June 2007, as per the scheme of arrangement, the internet division of Indiainfo was transferred to the company. In the year 2008, the company's new brand 'DB Star' was published from Indore and Bhopal. They launched 'Business Bhaskar' in Bhopal, Indore, Raipur, Panipat, New Delhi, Jalandhar and Ludhiana. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market editions of DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Rajasthan. Their subsidiary, Synergy Media Entertainment Ltd launched three FM radio stations at Kota, Jabalpur and Raipur. During the year 2008-09, the company launched Dainik Bhaskar in Jagdalpur, Bhilai, Nagour, Pali, Ratlam, Shimla and Dehradun. In September 2008, they launched Business Bhaskar in New Delhi. In January 6, 2010, the equity shares of the company were on listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In August 2010, the company launched the new edition of Dainik Bhaskar in Ranchi. In September 2010, the company launched Dainik Bhaskar at Bhatinda in Punjab and Itarsi in Madhya Pradesh. Also, the company launched full fledged printing centres in Sirohi and Barmet in Rajasthan for their brand Dainik Bhaskar to further strengthen their readership. During the financial year ended 31 March 2014, D B Corp Limited (DBCL) delivered a robust operating performance amidst a challenging market environment. Focus on sustaining and extending leadership in core markets, consistent focus on operational efficiencies as well as strong performance across print and non-print segments have enabled the company to report significant growth. Associations with leading media brands for exclusive, unique content and realignment of corporate sales and marketing strategy with the aim of providing greater focus to advertisers at every state level has contributed extensively in achieving the growth. With the necessary strategic platform already set at the start of the year, the company was able to capture higher ad revenue from regional markets under various segments. In Maharashtra, the company launched new editions at Akola and Amaravati. Divya Marathi maintained strong growth momentum across all 7 editions during the year. Apart from further building readership in the existing markets, the company also entered into the state of Bihar with the launch of Patna edition in Q4 March 2014. On the infrastructure front, the company continued to invest in upgrading the printing facilities to provide quality product at all the locations and building efficiencies of advanced technology. On the corporate front, DBCL integrated its internet and interactive mobile services business which was housed in its wholly-owned subsidiary I Media Corp Ltd. (IMCL) by demerging the same from IMCL and merging into DBCL. The demerger, which was approved by the High Court of Madhya Pradesh, Principal Seat at Jabalpur vide its order dated 27 March, 2014, became effective from 1 April 2013 (Appointed Date). This demerger brought the 3 major segments viz. Print, Radio & Internet under one company. As a result of this demerger, DBCL's wholly-owned subsidiary IMCL now carries out only events related business. During the year, DBCL sold its entire stake of 51 % held in Divya Prabhat Publications Private Limited (DPPPL) to Mr. Prabhat Sojatia and Mr. Sunil Sojatia by terminating the Shareholders' Agreement dated 1 October, 2011 executed between the two companies and members of the Sojatia family. Accordingly, DPPPL had ceased to be a subsidiary of DBCL effective close of business hours on 30 June 2013. During the financial year ended 31 March 2015, D B Corp Limited (DBCL) continued to focus on strengthening its presence in the existing markets of Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat, Chandigarh, Punjab, Haryana and Himachal Pradesh in its print media business. D B Corp Limited (DBCL) implemented advertisement yield strategy agenda, by taking a substantial hike in print media advertising rates, at the beginning of financial year 2015-16. It faced some resistance from advertisers and media agencies initially and hence, the advertising revenue growth witnessed yearly decline. During the year, DBCL successfully completed its Bihar roll-out. The company launched new editions in Bhagalpur, Gaya and Muzaffarpur, besides, 7 district editions, thus extending its reach and presence to the entire geography of Bihar. The company launched a broadsheet English language newspaper 'DB Post' from Bhopal. DB Post is a compact, smart product catering to the youth and English readership. It was launched as a crisp product to fill an important reader demand in the region, and has met with satisfactory interest. During the year, the company launched Money Bhaskar App, the first Multi-lingual Business app in India on the iOS and Android platforms. DBCL's Radio Business continued to perform exceptionally well in 2015-16. During the year, the radio business bagged new station license for 13 new radio stations in major Tier II cities of India, in majority of which DBCL has presence in print business as well. With regard to Digital Business, www.dainikbhaskar.com introduced video bulletin that enables the users to see and hear the news rather than just reading it crossing a 13 million video view during the month of March 2016. It helped to increase engagement and to cross the language barrier and tap the English reader who also watches Hindi video. During the year, www.moneybhaskar.com was launched in Gujarati for more localized and focused business news catering to the large Gujarati diaspora and business community. DB Digital introduced two new websites gadgets.bhaskar.com and food.bhaskar.com during the year under review. DB Digital saw a phenomenal growth in FY 2015-16 in terms of Unique Visitors (UV) and Page per Visit (PV). DB Digital subsuming of eleven digital portals has breached 1,197 million PV and 34 million UV mark. During the financial year ended 31 March 2017, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. As per Press In India Report 2015-16 prepared by Registrar of Newspapers of India (RNI), Dainik Bhakar becomes the nation's largest circulated multi-edition daily. Dainik Bhaskar was awarded ISO-9001:2015 certification for Quality Management Systems in its newspaper distribution function and is probably the only newspaper organisation in India to receive such certification. The company's Radio Business continued to perform exceptionally well in FY 2016-17. DB Digital saw a phenomenal growth in FY 2016-17 in terms of Unique Visitors (UV) and Page per Visit (PV). During FY 2016-17, DB Digital leveraged its various assets. DBCL introduced a live video streaming platform called Bhaskar Live' and a UGC video platform for its readers to share their live feeds and reach out to 90 million users. On 1 August 2016, DBCL launched its real estate portal homeonline.com. It offers end to end services to home buyers from purchase to shifting into new house offering value added services - Vaastu compliance, home decor, furnishings, maintenance, etc. In a span of 8 months, Homeonline.com served more than ~100K property seekers online, connecting 10,000+ property owners with home seekers in Bhopal and Raipur. During the year under review, DBCL diluted its entire shareholding in I Media Corp Limited (IMCL) to DB Infomedia Pvt. Ltd. (DBIPL) for a lumpsum consideration, thereby making it a step-down subsidiary of the company and a wholly-owned subsidiary of DBIPL. During the year, DBCL consolidated its shareholding held in DBIPL by purchase of 5,000 shares from the minority shareholder. The said purchase was in accordance with the terms of Share Subscription and Shareholders' Agreement dated 16 April 2015 executed by the company with the minority shareholder and DBIPL. Consequent to the purchase, DBIPL has become wholly-owned subsidiary of DBCL. As per the terms of Share Subscription and Shareholders' Agreement executed by DBCL with DBIPL and the minority shareholder, DBCL had subscribed to 10,00,000 0.01% Compulsorily Convertible Debentures (CCDs) of Rs. 10/- each. As per the terms of issue, the said CCDs were converted into equivalent number of equity shares and accordingly 10,00,000 equity shares of face value of Rs. 10/- each were allotted to DBCL by the Board of DBIPL. During the year under review, upon recommendations of the Audit Committee, the Board of Directors of DBCL at its meeting held on 19 January 2017 approved a Composite Scheme of Arrangement and Amalgamation between DBCL and its subsidiaries; I Media Corp Limited (IMCL / Transferor Company) and DB Infomedia Private Limited (DBIPL / Demerged Company / Transferee Company). Under this Composite Scheme, IMCL was proposed to be amalgamated into DBIPL and thereafter, the Internet Business of DBIPL was to be hived-off / demerged into DBCL. The said Composite Scheme was approved by the Board of respective subsidiary companies as well. However, at the meeting held on 18 May 2017, the Board of Directors upon recommendation of the Audit Committee, re-evaluated the validity of the above Scheme and came to the conclusion that in light of the current business environment, the proposed Composite Scheme will no longer give any extra benefits to the company and its stakeholders. Hence, a decision was taken to withdraw the Composite Scheme of Arrangement and Amalgamation as aforesaid and not to be acted upon further. During the financial year ended 31 March 2018, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. Dainik Bhaskar newspaper continues to be the Nation's largest circulated multi-edition daily as per Press In India Report 2016-17 prepared by the Registrar of Newspapers of India (RNI). During FY 2017-18, the company's circulation strategy was complemented by strong editorial and product enrichment efforts along with unique and impactful reader engagement initiatives. During the year under review, the company executed a challenging and ambitious Circulation Expansion strategy in its legacy markets of Rajasthan, Gujarat and in the newer market of Bihar. The circulation copies increased from an average of 50.4 lakh copies at the start of the initiative in July 2017 to 57.9 lakh copies by the end of the year i.e. a growth of around 15% in a 9-month's period; and this entire circulation increase was achieved at a higher cover price. Dainik Bhaskar also marked their expansion into Gujarat and launched the Surat edition on 30 April 2017, establishing a strong presence in a large cosmopolitan city with almost 28 lakhs of the non-Gujarati speaking population. Dainik Bhaskar successfully tapped the existing potential amongst Surat's non-Gujarati speaking, multicultural, industrialised households, who have migrated from neighbouring states like Rajasthan, NCR, Punjab, Haryana UP, Bihar, Jharkhand and Uttarakhand. The company's Radio Business continued to perform exceptionally well in FY 2017-18. MY FM completed the fastest roll out of all 13 newly acquired stations under Batch I of Phase III and expanded the company's reach to 7 states across 30 cities, being the largest player in the Rest of Maharashtra and No. 1 in Chandigarh / Haryana / Punjab / Rajasthan / Madhya Pradesh and Chhattisgarh. Innovative and unique activation initiatives were undertaken throughout the fiscal that strengthened 94.3 MY FM's connect with listeners and leading consumer brands alike. During the year under review, DB Digital's focus was strongly on technology for continuous optimisation, better user engagement and maximising ROI to advertisers. DB Digital launched Wisdom' an in-house analytics and data intelligence proprietary tool that supports the editorial team with real-time insights on content. The company's real estate portal homeonline.com served more than ~1.3 mn home-seeking users online, connecting 80,000+ home seekers with property owners/ builders in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. More than 75,000 properties and 900+ projects were made available to home seekers in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. DBCL's shareholders approved Buyback proposal for buy-back of up to 92,00,000 fully paid-up equity shares of Rs. 10/- each (being approx. 5% of the total paid-up equity share capital of the Company as on 31st March, 2018) at a price of Rs. 340/- per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 312.80 crore (excluding transaction cost viz. brokerage, applicable taxes such as securities transaction tax, stamp duty and goods and service tax, etc.). The approval for Buyback proposal was accorded by the shareholders of the company by passing the enabling Special Resolution through Postal Ballot as per statutory requirements in this regard, the results of which were declared by the company on 7 July 2018. The Record Date for determining the eligibility of the shareholders to participate in the Buyback is set as 18 July 2018. The company will be completing the Buyback within 12 months from the date of Special Resolution passed approving the proposed Buyback. During FY 2019, the Company launched new readers' engagement scheme Run Banao Karodon Ke Inaam Paao' to encash the ensuing cricket season - starting from India-Australia series, followed by IPL and then ICC World Cup. Shikhar Dhawan was roped in as an ambassador to garner interest among non-readers, which duly reflected in the circulation number. In FY 2019, the Company launched Mahabharat 2019' an exclusive drive at Pan-India level on Lok Sabha election with the introduction of special election jacket and special election pages. The initiative continues to gather huge readership appeal through various special properties on election with the aim to bring extensive ground coverage and in-depth analysis for its readers. MY FM concluded a massive 360-degree campaign Aapki Marzi' for its listeners in Maharashtra in order to keep the content in sync with the listeners' expectations. Marathi content was expanded across the stations in the state, basis the feedback received. MY FM launched this new show to infuse fun, positive and light-hearted listening during the late evening time featuring the non-clich on-air friend Dev' in FY19. In FY 2019, the company launched Paison ka Ped' in 11 cities - India's First Radio Reality Show where people from various walks of life are selected through a series of auditions and interviews. In FY 2019, MY FM Jashn' concluded in Jaipur and Indore. Events were starred by two mega artist Vipul Goel (Stand-up Comedian) and Kavi Sammelan Kumar Vishwas and Team which was attended by over 10,000 audiences in both the cities. In FY19, MY FM concluded the largest painting competition in Tier II and III markets with a participation of ~2.7 Lakh kids for Rangrezz' Season 5.In Print business, the Hansa Research Group undertook a commissioned Bihar Readership Research in July 2018 to gauge the readership of various Hindi Newspapers, their readership profile, key product consumptions, readers' engagement and brand satisfaction. As per this readership report, Dainik Bhaskar was at No. 2 position with an Average Issue Readership (AIR) of 9.11 Lakh, while the legacy player had an AIR of 9.98 Lakh readers.

D B Corp Ltd Directors Reports

To the Members,

The Board of Directors of your Company i.e. D. B. Corp Limited (‘the Company / DBCL') is pleased to present the 25th Annual Report along with the Audited Standalone and Consolidated Financial Statements (‘Audited Financial Statements') for the Financial Year ended March 31, 2021.

Fiscal Year 2021 has been an extremely unprecedented year by all accounts. For the Print Industry, it has also been a year of reaffirmation of the fact that the Indian reader is extremely discerning and values good editorial ethos. It has reiterated the changing dynamics of the Print Industry with Indian language newspapers doing significantly better than the English counterparts and outstripping them not only in circulation numbers, but in advertising revenues as well.

Despite the strong pandemic led headwinds, the Dainik Bhaskar Group's carefully calibrated Editorial, Circulation and Ad revenue strategies have continued to help it outperform the industry performance in both Circulation as well as Ad revenue fronts. On the editorial front, the courageous journalism, which is the core of the Dainik Bhaskar Group, was exhibited by the editorial teams amidst surging COVID-19 cases. The local and relevant content that we continued to deliver to our readers has further strengthened our franchise and has ensured that we have emerged stronger. The continued efforts of the circulation teams have yielded strong results with the Group managing to salvage a challenging year. On the advertising front, the Dainik Bhaskar Group philosophy of converting adversities into opportunities continues, with the Group being at forefront of innovation in print industry and crossing several milestones with 24 mega editions, which created big noise in entire print media industry. The Company's digital efforts are also beginning to see traction as our monthly active users have increased by 7.5 times in last 18 months' time with clean and pure content delight to users and we are confident that we will continue to deliver quality journalism through all mediums.

On the back of this, we believe we are well-positioned for long-term growth, and it grounds our conviction that we can continue to substantially and profitably scale up our business albeit steadily.

FINANCIAL PERFORMANCE

The Audited Financial Statements for the Financial Year 2020-21 have been prepared in accordance with the Indian Accounting Standards (‘Ind AS') notified under Section 133 of the Companies Act, 2013 (the ‘Act') read with the Companies (Indian Accounting Standards) Rules, 2015 and other relevant provisions of the Act.

The financial performance of the Company for the year ended March 31, 2021, on a Standalone and Consolidated basis, is summarised below:

Particulars Standalone Consolidated
2020-21 2019-20 2020-21 2019-20
Revenue from Operations 15,077 22,237 15,077 22,238
Other Income 144 124 145 125
Total Revenue 15,221 22,361 15,222 22,363
Operating Expenditure 12,030 17,423 12,029 17,423
EBITDA 3,191 4,938 3,193 4,940
EBITDA Margin 21% 22% 21% 22%
Finance Cost 243 251 243 251
Depreciation & Amortisation 1,149 1,207 1,149 1,207
Total Expenditure 13,422 18,881 13,421 18,881
Profit before Exceptional Items and Tax 1,799 3,481 1,801 3,482
Exceptional Income 132 - 132 -
Profit before Tax 1,931 3,481 1,933 3,482
Provision for Tax 518 732 518 732
Profit after Tax (PAT) 1,413 2,749 1,414 2,750
PAT Margin 9% 12% 9% 12%
Dividend as % of face value per share 30% 100% 30% 100%

REVIEW OF PERFORMANCE, OPERATIONAL HIGHLIGHTS AND FUTURE OUTLOOK

DBCL's performance for the Financial Year 2020-21 needs to be viewed in the context of economic and market environment forces which were dominated by COVID-19 pandemic with Global and Indian economy fully affected. Accordingly, DBCL performance was also affected, but despite depressed market conditions, the Company could still outperform the entire print media market aided by market development strategies, establishment of long-term customer relationships, well-planned execution of on-ground marketing efforts and excellent cost efficiency measures.

OPERATIONAL HIGHLIGHTS Advertising Revenue

Advertising Revenue stands at Rs 10,084 million for FY 2020-21 as compared to Rs 15,640 million for FY 2019-20.

Circulation Revenue

Circulation Revenue stands at Rs 4,146 million for FY 2020-21 as compared to Rs 5,122 million for FY 2019-20.

Income from Operations

On a consolidated financial basis, DBCL's total revenue stands at Rs 15,222 million for FY 2020-21 as compared to

Rs 22,363 million for FY 2019-20.

Raw Material Consumed

The cost of newsprint consumption reduced by 45% YoY to Rs 4,217 million for FY 2020-21 as compared to Rs 7,664 million for FY 2019-20. This decrease in cost was majorly on account of global decrease of newsprint prices and pandemic-affected short-term circulation decline along with reduced pagination.

Employee Cost

At a consolidated level, the employee cost declined by 9% YoY to Rs 3,794 million for FY 2020-21 as compared to Rs 4,181 million for FY 2019-20. Cost-efficiency measures executed by the Management enabled optimisation of operating cost across each head.

Other Expenses

Other operating expenses reduced by 28% YoY to Rs 4,019 million for FY 2020-21 as compared to Rs 5,578 million for FY 2019-20. Due to the excellent and well-entrenched cost efficiency measures, DBCL saved around Rs 1,950 million in FY 2020-21 of which almost 50-60% is sustainable. This is against the estimate announced at the beginning of FY 2020-21 of Rs 1,250 million for reduction in ‘other operating cost'.

EBITDA

EBITDA stands at Rs 3,193 million (margin of 21%) for FY 2020-21 as against Rs 4,940 million (margin of 22%) for FY 2019-20. In spite of COVID-19 pandemic impact, DBCL could still maintain EBITDA margins of last year, which speaks volumes for team efforts.

Depreciation

Depreciation and amortisation expenses de-grew by 4.8% to

Rs 1,149 million during FY 2020-21 from Rs 1,207 million during FY 2019-20.

Finance Cost

Finance cost came down by 3.2% YoY to Rs 243 million from

Rs 251 million in FY 2019-20.

Profit after Tax (PAT)

The Operational PAT stood at Rs 1,414 million during FY 2020-21 as compared to Rs 2,750 million during FY 2019-20.

FUTURE OUTLOOK Print Segment

Print has emerged as the most credible and trustworthy news medium as per various research reports published recently like the Ormax News Credibility Index 2020 in September 2020, the Kantar Trust in News Study in November 2020 and the ASCI Trust Study in December, 2020. Print holds a commanding lead over all other forms of news delivery in both the parameters. The COVID-19 led lockdown accentuated this position further.

On the editorial front, the courageous journalism, which is the core of the Dainik Bhaskar Group, was exhibited by the editorial teams amidst surging COVID-19 cases. The coverage of the ground realities of the healthcare infrastructure as well as the treatment of the departed struck a chord with the readers. Further, the entire Dainik Bhaskar Group has been putting its best foot forward in curating the best content for its readers on a daily basis while maintaining its high standards of journalistic integrity and ethics. This reportage was carried/replicated by major national and international media and attracted the attention of several industry and thought leaders from across the world through their social media pages, handles and tweets. To help boost the morale of the readers, amidst the gloom, the editorial team also ensured that the content was a steady mix of on-ground reports, useful information, fact-checking the social media articles as well as motivational stories, upbeat articles and unique collectors' editions. Global most credible Newspaper NY times featured an interview of the staff journalist who has covered the Ganga Story.

Hyper local nature news coupled with deep analysis of the story and relevant content will continue to drive newspapers.

Automation opportunities where publishers can also implement process automation for productivity improvement across key business processes will be of prime importance.

As per the latest FICCI-E&Y report, the print segment is expected to grow 25% in 2021 and exceed 2019 levels by 2023.

Radio Segment

While radio is an important element of most media plans and extremely effective at a local level, the market for audio products has changed significantly as consumption patterns have evolved.

Radio companies' core strengths include a deep understanding of music, creation of audio content which resonates with communities and helps in building brands.

Radio companies will continue to strengthen their core of music curation (including use of artificial intelligence and machine learning technologies to determine playlists), creating music event IPs across different languages and building their brands using stationality and creative audio content.

We expect that radio brands will differentiate more from digital audio services through building out strong entertainment, news and information-related products.

The core will continue to be key for the radio segment even in 2023, garnering an estimated 60% of total revenues.

Online radio will find its feet with a workable model for licensing and one which is based on native and nonintrusive ad formats.

Radio companies will build-out new audio experiences using technology such as Augmented reality, Virtual reality, audio gaming, live audio collaborations, crowd sourced compositions, tune generators, etc.

As per the FICCI report radio revenues are expected to reach Rs 23.3 Billion in 2021, which accounts to a 64% growth YoY.

Digital Segment

Digital segment is expected to grow to Rs 424.5 Billion by 2023.

Digital advertising will outpace all other Media.

Digital advertising will grow at 21% CAGR, to equal television advertising by 2024 or 2025.

Advertising on E-commerce platforms will reach Rs10 Billion by 2025 as E-commerce players like Amazon, Flipkart, Jio Platforms, Tata, Zomato and others grow their reach and active users.

Subscription revenues will grow at 25% CAGR as paid subscriptions double to over Rs 100 million by 2023.

Newspaper digital products will increasingly go behind paywalls and we expect news and related products to generate subscription revenues of Rs 4 Billion by 2023.

MATERIAL CHANGES AND COMMITMENTS BETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE OF THIS REPORT

There are no material changes and commitments, affecting the financial position of the Company that have occurred between the close of the Financial Year i.e. March 31, 2021 and the date of this Report.

However, as appeared in the extensive media coverage and disclosed by the Company to the Stock Exchanges, the team of Income Tax Department visited and carried out a search at the key premises of the Company and Dainik Bhaskar Group from July 22, 2021.

The CBDT Officials carried out search and enquiry on the alleged information of irregularity in books of accounts. The Company's Management fully cooperated with them in their inquiry and their major investigations into the books of accounts of various companies in the Group.

The process by CBDT has officially concluded on July 30, 2021 though they have not shared their findings of the inquiry with the Company as yet.

On COVID-19 front, the assessment of its impact on the Company's business and steps taken by the Management to overcome it are as follows:

In view of the lockdown across the country due to the

COVID-19 pandemic since March 2020, newspaper printing and distribution operations of the Company across its several locations were disrupted temporarily during last Financial Year as the Company had to comply with the directives/orders issued by the relevant authorities. The Company's specified services viz. newspaper printing and distribution and radio broadcasting services have been considered as essential services by the Government of India. The Company has obtained all necessary approvals and permits to operate and mobilise the vehicles, staff, contractors, etc. Uncertainty caused by the current situation has caused the short-term slowdown in the business operations.

The Company has made detailed assessment of its liquidity position and of its Balance Sheet assets comprising property, plant and equipment, intangible assets, right-of-use assets, trade receivables, inventory, investment properties, investments and other current and non-current assets and liabilities at the Balance

Sheet date and has concluded that there are no material adjustments required in the Standalone Financial Statements.

Management believes that it has taken into account all possible impact of known events till the date of approval of its Financial Statements arising from COVID-19 pandemic in the preparation of the Standalone Financial Statements. The Company will continue to monitor any material changes to future economic conditions.

DIVIDEND

Your Directors are pleased to recommend a final dividend of Rs 3/- (30% of face value) per equity share of face value of

Rs 10/- each for the Financial Year ended March 31, 2021.

The dividend, subject to the approval of Members at the ensuing Annual General Meeting will be paid within the time period stipulated under the Companies Act, 2013 (subject to deduction of Tax at source in the hands of the Members).

The dividend recommended is in accordance with the Dividend Distribution Policy of the Company which is available on the website of the Company at https://dbcorpltd. com/corporategovernance.php. There has been no change in the policy during the year under consideration.

TRANSFER TO RESERVES

The Board of Directors has decided to retain the entire amount of profit for Financial Year 2020-21 in the Statement of Profit and Loss as at March 31, 2021.

SHARE CAPITAL

The paid-up equity share capital of the Company as on March 31, 2021 was Rs 1,74,96,08,770 comprising of 17,49,60,877 equity shares of Rs 10/- each. During the year under review, the Company has allotted 6,337 shares of Rs 10/- each under D. B. Corp Limited – Employees Stock Option Scheme –2011. The Company has paid Listing Fees for the Financial Year 2021-22 to each of the Stock Exchanges where its equity shares are listed.

During the year under review, your Company has neither issued any shares with differential voting rights nor sweat equity.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company has two subsidiaries as on the date of this Report, namely, DB Infomedia Private Limited and I Media Corp Limited (step down subsidiary). There are no associate companies or joint venture companies within the meaning of Section 2(6) of the Act.

The Company has prepared Consolidated Financial Statements of the Company and of both the subsidiaries, namely, DB Infomedia Private Limited and I Media Corp

Limited in the form and manner as that of its own, duly audited by M/s. Price Waterhouse Chartered Accountants LLP and M/s. Gupta Mittal & Co., the Joint Statutory Auditors in compliance with the applicable accounting standards and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 (hereinafter referred to as the ‘SEBI Listing Regulations').

The Consolidated Financial Statements for the Financial Year 2020-21 forms a part of the Annual Report and Accounts and shall be laid before the Members of the Company at the Annual General Meeting while laying its Financial Statements under Section 129(2) of the Companies Act, 2013 (the ‘Act'). Pursuant to the provisions of Section 129(3) of the Act read with Rule 5 of the Companies (Accounts) Rules, 2014, a statement containing the salient features of the Financial Statements of the Company's subsidiaries in Form AOC-1 is attached to the Financial Statements of the Company.

Further, pursuant to the provisions of Section 136 of the Act, the Financial Statements of the Company, Consolidated Financial Statements along with relevant documents and separate Audited Accounts in respect of subsidiaries are available on the website of the Company at https://dbcorpltd. com/ under the tab ‘Financial Results'.

The Company does not have any material subsidiary in the immediately preceding Financial Year. However, as per

Regulation 16 of the SEBI Listing Regulations, the Company has adopted the policy for determining ‘material' subsidiaries, which states that a ‘material' subsidiary means a subsidiary, whose income or net worth exceeds 10% of the consolidated income or net worth respectively, of the Company and its subsidiaries in the immediately preceding Financial Year.

A Policy on ‘material subsidiaries' was formulated by the Audit Committee of the Board of Directors of the Company and the same is also posted on the Company's website and may be accessed at the link:. https://dbcorpltd.com/ corporategovernance.php.

The performance / business highlights of the subsidiaries of your Company during FY 2020-21 are as follows:

DB Infomedia Private Limited (‘DBIPL')

During the Financial Year ended March 31, 2021, DBIPL achieved total revenue of Rs 10.00 lakh as compared to

Rs 10.96 lakh of the previous Financial Year. Net loss for the current Financial Year was Rs 9.31 lakh as against

Rs 10.58 lakh of the previous Financial Year.

I Media Corp Limited (‘IMCL')

During the Financial Year ended March 31, 2021, IMCL achieved total revenue of Rs 9.62 lakh as compared to

Rs 11.42 lakh of the previous Financial Year. Net profit for the current Financial Year was Rs 4.81 lakh as against

Rs 7.70 lakh of the previous Financial Year.

During the year under review, the Company has not undergone any change of its business. However, Company has ventured into the business of hydroponics as ancillary business activity pursuant to object clause of Memorandum of Association.

CREDIT RATING

During the year under review, in September 2020, the Rating Committee of CARE Ratings Limited (CARE) reviewed the Credit Rating for Bank facilities. The Company had received a credit rating of ‘CARE AA+; Stable (Double A Plus; Outlook: Stable)' for its Fund Based - Long Term Bank Facilities (Outlook – Stable). For Non-Fund Based – Long Term / Short Term Bank Facilities, the rating received was CARE AA+; Stable/CARE A1+ [(Double A Plus; Outlook: Stable)/ A One Plus].

CARE has now placed the long-term ratings of the Company on ‘credit watch with negative implications' following the disclosure made by the Company on the Stock Exchanges with regard to search conducted by the Income Tax Department across various offices of the Company and the Group from July 22, 2021. As a result, the said CARE ratings now read as ‘CARE AA+ (CWN) (Double A Plus) (Under Credit watch with Negative Implications)' and ‘CARE AA+ (CWN) / CARE A1+', respectively.

EMPLOYEES' STOCK OPTION SCHEMES

The Company believes that employees' engagement in the work is core-important for the growth of the Company as a whole. Hence, it is essential to make the employees a part of the success of the Company through rewards, bonus and equitable compensation.

Considering the value addition to the growth of the Company by employees through their past performance, the Company formulated and administered DBCL ESOS - 2008 Scheme and DBCL ESOS - 2010 Scheme in the past which have concluded by passage of time. Presently, the DBCL ESOS - 2011 Scheme has been in vogue under which options are granted in various tranches to reward the employees and motivate them for future growth and profitability.

The Compensation Committee of the Board of Directors has been constituted in accordance with the SEBI (Share Based Employee Benefits) Regulations, 2014 (‘SEBI SBEB Regulations') to, inter alia, administer and monitor the Employee Stock Option Schemes. There have been no material changes to DBCL ESOS - 2011 Scheme during the Financial Year under consideration.

During the Financial Year 2020-21, the Committee has granted 20,44,815 stock options in aggregate to 15 employees under the DBCL ESOS - 2011 Scheme under Tranche 9, Tranche 10 and Tranche 11.

The disclosure in terms of Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014 and Regulation 14 of the SEBI SBEB Regulations is annexed herewith as ‘Annexure A ' and forms part of the Board's Report.

A Certificate from the Statutory Auditors viz. M/s. Gupta Mittal & Co. (Firm Registration No. 009973C) certifying that the said Employee Stock Option Scheme has been implemented in accordance with the SEBI SBEB Regulations and the resolution passed by the Members has been obtained by the Company. The said certificate will be open for inspection at the Annual General Meeting of the Company and is also annexed herewith as ‘Annexure B' and forms part of the Board's Report.

Since the Options available under DBCL ESOS - 2011 are getting exhausted, it is proposed to launch a new Employee Stock Option Scheme. It is subject to Members' approval at the ensuing Annual General Meeting at which a formal agenda item is being placed for approval. The Board recommends its approval to the Members of the Company.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

Particulars of loans and guarantees given and investments made under Section 186 of the Act including loans given to the subsidiary have been given separately in the Financial Statements of the Company under Note 33 of Standalone Financial Statements which may be read in tandem with this Report.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions that were entered into during the Financial Year under review were on an arm's-length basis and in the ordinary course of business and are in compliance with the applicable provisions of the Act and the SEBI Listing Regulations. There were no materially significant Related Party Transactions executed by the Company during the year that required Members' approval under Regulation 23 of the SEBI Listing Regulations.

All Related Party Transactions are placed before the Audit Committee for prior approval. Prior omnibus approval of the Audit Committee is obtained for the transactions which are repetitive in nature.

The Company has adopted a Policy for dealing with Related Party Transactions. The Policy as approved by the Board is available at the web link: https://dbcorpltd.com/ corporategovernance.php

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Details of appointment / cessation on / from the Board of Directors:

During the Financial Year under consideration, there was one addition and two separations from the Board of Directors.

Pursuant to the provisions of Section 161(1) of the Act and the Articles of Association of the Company, the Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, at its Meeting held on October 21, 2020 appointed Mr. Santosh Desai (DIN: 01237902) as an Additional Director on the Board of the Company with effect from October 21, 2020 up to the date of ensuing AGM of the Company. An agenda item for his appointment as an Independent Director of the Company is being placed at the ensuing AGM for Members' approval. The Board recommends its approval to the Members of the Company.

Mr. Santosh Desai is presently the Managing Director and CEO of Futurebrands Limited. Before this, he was the President of McCann-Erickson, one of India's premier advertising agencies. He spent 21 years in

Advertising and was strategically involved in building key brands for a range of local and multinational clients.

He has been a guest lecturer at various national and international universities and has addressed the Global Management Boards of several multinationals including

Microsoft, Philips, Hershey's, Unilever, Coke and Reckitt

Benckiser. An academic at heart, he writes regularly on contemporary Indian society and on subjects related to Marketing.

Mr. Harish Bijoor and Mr. Piyush Pandey, Independent

Directors ceased to be directors of the Company w.e.f. the close of business hours on December 31, 2020 upon completion of two consecutive terms as Independent Directors. The Board places on record its appreciation for the valuable services rendered by Mr.

Harish Bijoor and Mr. Piyush Pandey during their tenure as Independent Directors of the Company.

In terms of Sections 149 and 152 of the Act, it is proposed to re-appoint Ms. Anupriya Acharya, Independent Director on the Board of the Company for the second consecutive term of 5 years.

Ms. Anupriya Acharya was appointed as an Additional Independent Director of the Company on June 22, 2016 and further, at the 20th AGM held on August 17, 2016, the appointment of Ms. Acharya was regularised by the Members for a term of 5 (five) years i.e. June 22, 2016 to June 21, 2021.

Pursuant to Section 149(10) of the Act, an Independent Director can be re-appointed for a second consecutive term up to five years subject to approval of Members by way of a Special Resolution.

In view of the aforesaid and considering the rich experience of Ms. Acharya in the field of Advertising, Media and Marketing Industry, it is now proposed to reappoint Ms. Acharya for a second consecutive term of five years w.e.f. June 22, 2021 to June 21, 2026 subject to the approval of the Members at the ensuing AGM. The Board has approved her re-appointment at its meeting held on June 17, 2021, subject to Members' approval. A resolution for appointing her as an Independent Director for second consecutive term is recommended for passing by the Members of the Company at the ensuing AGM.

Director to retire by rotation:

Pursuant to Section 152 of the Act and the Articles of Association of the Company, Mr. Girish Agarwal (DIN: 00051375), Non-Executive Non-Independent Director retires by rotation at the ensuing AGM and being eligible offers himself for re-appointment. He has confirmed that he is not disqualified from being appointed as a Director in terms of Section 164 of the Act.

A detailed profile of Mr. Girish Agarwal along with additional information required under Regulation 36(3) of the SEBI Listing Regulations and Secretarial Standard on General Meetings is provided separately by way of an Annexure to the Notice of the AGM. The Board recommends and seeks your approval for his reappointment.

Re-appointment of the Managing Director:

Mr. Sudhir Agarwal was appointed as the Managing Director of the Company on May 20, 2016 pursuant to the provisions of the Act and at the 20th AGM of the Company held on August 17, 2016, the appointment of Mr. Sudhir Agarwal was regularised by the Members for a term of 5 (five) years i.e. from January 1, 2017 to December 31, 2021. Mr. Sudhir Agarwal will cease to be the Managing Director of the Company upon completion of his current tenure on December 31, 2021.

In view of the aforesaid and considering the rich experience and contribution of Mr. Sudhir Agarwal to the Company's growth since over a decade, it is now proposed to re-appoint him as the Managing Director for a further term of five years w.e.f. January 1, 2022 to December 31, 2026 subject to the approval of the Members at the ensuing AGM. An agenda item for his re-appointment is being placed at the ensuing AGM for Members' approval. The Board recommends its approval to the Members of the Company.

Key Managerial Personnel:

During the year under consideration, there was no change in the Key Managerial Personnel of the Company.

Pursuant to Section 203 of the Act, the Key Managerial Personnel (‘KMP') of the Company as on March 31, 2021, are as under:

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Mr. Sudhir Agarwal Managing Director
Mr. Pawan Agarwal Deputy Managing Director
Mr. P. G. Mishra Group Chief Financial Officer
Ms. Anita Gokhale Company Secretary and Compliance Officer

INDEPENDENT DIRECTORS

TheCompanyhasreceiveddeclarationsfromtheIndependent Directors that they meet the criteria of independence as laid down under Section 149(6) of the Act and Regulation 16(1) (b) of the SEBI Listing Regulations.

All the Independent Directors of the Company have also confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgement and without any external influence and that they are independent of the Management. Further, it is also confirmed that they have complied with the provisions regarding Independent Directors' registration with the databank maintained by The Indian Institute of Corporate Affairs (‘IICA') and online proficiency self-assessment test conducted by the IICA unless exempted.

Further, all the Independent Directors have confirmed that during the Financial Year under consideration, they have complied with Schedule IV of the Act and Company's Code of Conduct.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

Pursuant to the provisions of Regulation 25 of the SEBI Listing Regulations, the Company has formulated a programme for familiarising the Independent Directors with their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, etc. through various initiatives. The details of the aforementioned programme are available on the Company's website at https://dbcorpltd.com/corporategovernance.php.

BOARD EVALUATION

Pursuant to the applicable provisions of the Act and SEBI Listing Regulations, the Board carried out an annual evaluation of its performance as well as of the working of its committees and individual directors.

The Nomination and Remuneration Committee has suggested the evaluation parameters for the Board, its

Committees and Directors such as qualification, experience, knowledge and competency, commitment, independent views and judgement, availability, attendance and participation in the discussion at the Meetings, adherence to the Code of Conduct of the Company, interpersonal relations with other Directors and Management, rendering independent unbiased opinion, amongst others.

The performance evaluation of the Independent Directors was carried out by the entire Board, excluding the Director being evaluated. The performance evaluation of the Non-Independent Directors was carried out by the Independent Directors who also reviewed the performance of the Board as a whole.

MEETINGS OF THE BOARD OF DIRECTORS

Four Board Meetings were held during the year under review and the gap between any two Board Meetings was not more than 120 days in conformity with the requirements of SEBI Listing Regulations, Secretarial Standards on Meetings of the Board of Directors (SS-1) and that of the Act and the Rules framed thereunder.

However, time gap between Board Meeting held on January

23, 2020 (4th Board Meeting of FY 2019-20) and June 23, 2020 (1st Board Meeting of FY 2020-21) was more than 120 days which did not amount to non-compliance of the relevant provisions as mentioned above in view of the relaxations allowed by all the Regulatory Authorities in this regard due to outbreak of COVID-19 pandemic and resultant nationwide lock-down.

Due to the exceptional circumstances caused by the COVID-19 pandemic and consequent relaxations granted by MCA and SEBI, all Board Meetings and Committee Meetings in FY 2020-21 were held through Video Conferencing.

COMMITTEES OF THE BOARD

Currently, the Board has seven committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, Corporate Social Responsibility Committee, Compensation Committee, Risk Management Committee and Executive Committee. A detailed note on the composition of the Board and its committees is provided in the Corporate Governance Report which may be taken as forming a part of this Report.

AWARDS AND ACCOLADES

Your Company has bagged a Gold for its ‘Ek Ped Ek Zindagi' campaign in the Best Environmental Behaviour Change Award category and a Silver for its ‘Sewa Parmo Dharma' campaign in the Best Crisis/Disaster Assistance category at the prestigious ACEF Asian Leaders Awards 2020. ‘Sewa Parmo Dharma' has also won a Silver at WAN IFRA Asian Media Awards 2021 - Best in Community Service. The Group earned an honourable mention at the INMA Global Media Awards 2021 for its ‘Say No To Porn' campaign and other initiatives like ‘Unlock Bharat' for advertising sales, ‘Milestone Edition Series', Gujarat Toolkit-Best idea to acquire or gain advertising clients. ‘Night walk for women' won third position at INMA in the category - Best use of an event to build a news brand.

STATUTORY AUDITORS AND AUDITOR'S REPORT

In terms of Section 139 of the Act, read with the Companies (Audit and Auditors) Rules, 2014, Members of the Company in 21st Annual General Meeting held on September 4, 2017 approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/ N500016) and M/s. Gupta Mittal & Co. (Firm Registration No. 009973C), as the Joint Statutory Auditors of the Company for a period of 5 (five) consecutive years until the conclusion of the 26th Annual General Meeting of the Company to be held in the calendar year 2022.

The Auditor's Report given by M/s. Price Waterhouse Chartered Accountants LLP and M/s. Gupta Mittal & Co., Joint Statutory Auditors on the Financial Statements of the Company for the Financial Year 2020-21 is part of this Annual Report. The Auditor's Report does not contain any qualification, reservation, adverse remark or disclaimer. During the year under review, the Auditors had not reported any matter under Section 143(12) of the Act, therefore no detail is required to be disclosed under Section 134(3)(ca) of the Act.

SECRETARIAL AUDITORS, SECRETARIAL AUDIT REPORT AND SECRETARIAL COMPLIANCE REPORT

Secretarial Audit Report:

In terms of Section 204 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s. Makarand M. Joshi & Company, Company Secretaries to undertake the Secretarial Audit of the Company for the Financial Year ended on March 31, 2021.

The Secretarial Audit Report given by the Secretarial Auditors is annexed herewith as ‘Annexure C' and forms part of the Board's Report. The Secretarial Audit Report is self-explanatory and do not call for any further comments. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Secretarial Compliance Report:

In terms of Regulation 24A(2) of the SEBI Listing Regulations, every listed entity has to submit a Secretarial Compliance Report in such form as specified to Stock Exchanges within sixty days from end of each Financial Year. The said Secretarial Compliance Report for Financial Year 2020-21 has been submitted to the Stock Exchanges within the prescribed time limit.

The observation mentioned by the Secretarial Auditors in the said report in respect of delay in intimation to the Stock Exchanges under Regulation 30 of the SEBI Listing Regulations on one occasion has been addressed to under the paragraph ‘Significant and Material Orders passed by the Regulators' hereunder in this report.

COST ACCOUNTS AND COST AUDITORS

In terms of Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014, as amended, the cost accounting records maintained by the Company in respect of its Radio Business are required to be audited by a Cost Auditor. The Board of Directors had, on the recommendation of the Audit Committee, appointed M/s. K. G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024) to audit the cost accounting records of the Company for the Financial Year 2020-21 at a remuneration of Rs 25,000/- p.a. plus applicable taxes and out-of-pocket expenses at actuals.

M/s. K. G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024) are appointed as Cost Auditors for FY 2021-22 also at a remuneration of Rs 30,000/- p.a. plus applicable taxes and out-of-pocket expenses at actuals. As required under the Act, the remuneration payable to the Cost Auditor is required to be placed before the Members in a General Meeting for ratification. Accordingly, a resolution seeking Members' ratification for the remuneration payable to M/s. K. G. Goyal & Associates for FY 2021-22 is included in the Notice convening the forthcoming AGM.

The Company has received their written consent that their appointment is in accordance with the applicable provisions of the Act and rules framed thereunder. The Cost Auditors have confirmed that they are not disqualified to be appointed as the Cost Auditors of the Company for the Financial Year ending March 31, 2022.

INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

Pursuant to the applicable provisions of the Act read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘the rules') as amended up to date, after completion of seven years, all the unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by the Central Government.

Further, according to the said Rules, the shares in respect of which dividend has not been paid or claimed by the Members for seven consecutive years or more shall also be transferred to the demat account of the IEPF Authority.

Transfer of unclaimed dividend to IEPF:

As required under Section 124 of the Act, the unclaimed dividend amount aggregating to Rs 1,21,636/- lying unclaimed for a period of seven years was transferred during the Financial Year 2020-21 to the Investor Education and Protection Fund (IEPF) established by the Central Government.

Transfer of shares to IEPF:

As required under Section 124 of the Act, 1,039 equity shares, in respect of which dividend has not been claimed by the Members for seven consecutive years or more, have been transferred by the Company to the IEPF Authority during the Financial Year 2020-21. Details of shares transferred to IEPF have been uploaded on the website of IEPF as well as the Company at www. dbcorpltd.com.

Members are requested to note that even after the transfer to IEPF as abovesaid, the unclaimed dividend amount and the shares transferred to IEPF Suspense Account, both, can be claimed by making an online application in Form IEPF-5 and sending the physical copy of the same duly signed (as per specimen signature registered with the Company/ Registrar and Share Transfer Agents (‘RTA') along with requisite documents enumerated in the said Form IEPF-5 to the Company at its Registered Office or to the RTA.

The IEPF Rules and the application form (Form IEPF-5), as prescribed by the Ministry of Corporate Affairs are available on the website of the Ministry of Corporate Affairs at www. iepf.gov.in.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS

The Company was admitted in Corporate Insolvency Resolution Process (‘CIRP') vide an Order pronounced by the Hon'ble NCLT on February 5, 2021. The Company received a copy of the said NCLT Order for initiation of CIRP of the Company in the evening on February 9, 2021. Vide the said Order of the NCLT, an Interim Resolution Professional (‘IRP') was appointed. Immediately upon the receipt of the NCLT Order for initiation of CIRP of the Company in the evening on February 9, 2021, the Senior Management of the Company got engaged in dealing with the subject matter and settling the same amicably and expeditiously with the Operational Creditor (‘OC').

The Management of the Company successfully addressed and settled the issue amicably with the OC overnight. Pursuant to the execution of the settlement agreement with the OC on February 10, 2021, the IRP, on the same day at late night hours, filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016 (‘IBC') for withdrawal of application admitted under Section 9 of the IBC.

Thereafter, the Management submitted disclosure about all these happenings to the Stock Exchanges under Regulation 30 of the SEBI Listing Regulations on February

11, 2021 (by delay of one day) in order to inform a complete, comprehensive and holistic picture of the happenings, including about the settlement reached and ultimate withdrawal of the CIRP application.

Other than the abovesaid, there are no significant and material orders passed by the Regulators or Courts or Tribunals which would impact on the ‘going concern status' of the Company and its future operations.

PROHIBITION OF INSIDER TRADING

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has adopted a ‘Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, Designated persons and their Immediate relatives' and ‘Code of Fair Disclosure' of Unpublished Price Sensitive Information to ensure prohibition of Insider Trading in the Company.

The Company Secretary of the Company has been designated as Compliance Officer to administer the Code of Conduct and other requirements under SEBI (Prohibition of Insider Trading) Regulations, 2015.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Company has been a socially responsible corporate since inception of Dainik Bhaskar and it is clearly manifested in its Corporate Social Responsibility (‘CSR') initiatives. Operating in the field of newspaper publication, the Company has always prioritized creation of a better and well informed community. It has actively carried out mass movements through its editorial and on-ground campaigns on various social issues like ‘Beti Bachao Andolan', ‘Save Water', ‘Green Ambulance', etc.

The Company's focus areas are concentrated on increasing access to health, education, environment sustainability, betterment of under-privileged people, nature conservation, national heritage, etc. In accordance with Section 135 of the Act, as amended read with Notification issued by the Ministry of Corporate Affairs dated 22nd January, 2021 and the rules made thereunder, the Company has formulated a Corporate Social Responsibility Policy, a brief outline of which, along with the required disclosures, is annexed herewith as ‘Annexure D' and forms part of the Board's Report.

During the Financial Year 2020-21, the Company has undertaken the CSR initiatives in the fields of animal welfare, eradicating hunger, poverty and malnutrition, promoting education, promoting preventive health care, protection of flora and fauna and protection of national heritage thereby helping in the upliftment of the underprivileged and disadvantaged sections of the society and focus on social issues. All the CSR activities fall within the purview of Schedule VII to the Act read with the Companies (Corporate Social Responsibility Policy) Rules, 2014.

The CSR Policy is also hosted on the Company's website and may be accessed at the link: https://dbcorpltd.com/ corporategovernance.php.

PUBLIC DEPOSITS

During the Financial Year under review, your Company has not accepted or invited any deposits from the public within the meaning of Chapter V of the Act and applicable rules made thereunder and as such no amount on account of principal or interest on deposits from the public was outstanding as on the date of the Balance Sheet.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In compliance with Regulation 34 read with Schedule V of the SEBI Listing Regulations, every Listed Company is required to prepare the Management Discussion and Analysis Report as a part of Board's Report or as an addition thereto.

Accordingly, a Section on the Management Discussion and Analysis Report as approved by the Board of Directors is given separately in this Annual Report which may be taken as forming a part of this Report.

REPORT ON CORPORATE GOVERNANCE

A separate Report on Corporate Governance as prescribed under the SEBI Listing Regulations, together with a certificate from the Company's Statutory Auditors confirming compliance, is given separately in this Annual Report which may be taken as forming a part of this Report.

BUSINESS RESPONSIBILITY REPORT

A detailed Business Responsibility Report as required under Regulation 34 of the SEBI Listing Regulations is given separately in this Annual Report which may be taken as forming a part of this Report.

ANNUAL RETURN

The Annual Return as provided under Section 92(3) of the Act and as prescribed in Form MGT-7 of the Companies (Management and Administration) Rules, 2014 is available on the website of the Company at https://dbcorpltd.com.

INTERNAL CONTROL SYSTEM AND ITS ADEQUACY

A detailed Section on the Company's internal financial controls with reference to Financial Statements and its adequacy is a part of the Management Discussion and Analysis Report which forms a part of the Board's Report.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place a policy for prevention of sexual harassment at the workplace in line with the requirements of Sexual Harassment of Women at Workplace (Prevention,

Prohibition and Redressal) Act, 2013. In line with the requirements of the said Act, an Internal Complaints Committee

(‘ICC') has been set up to redress the complaints received regarding sexual harassment at workplace. All employees including trainees and retainers are covered under this policy.

During the Financial Year 2020-21 there has been no case referred to the ICC.

WHISTLE BLOWER POLICY / VIGIL MECHANISM

The Company has adopted a Whistle Blower Policy to provide a formal mechanism to the Directors and Employees to report their concerns about unethical behaviour, actual or suspected fraud or violation of the Company's Code of Conduct or Ethics Policy. In order to maintain the highest level of confidentiality, the Company has outsourced the complaint receipt and coordination with the Whistle Blower to an independent agency.

An Internal Ethics Committee has been established to operate this policy under the supervision of the Audit Committee. An Ombudsperson, along with the Ethics Committee decides the future course of action. Complaints are categorised and prioritised, based on their nature and actions are commensurate. If the Whistle Blower is not satisfied with the actions taken, the mechanism also has an Escalation Protocol in place. Through this process, the mechanism considers and extends complete protection to the Whistle Blower.

The Policy provides for adequate safeguards against victimisation of employees who avail of the mechanism and provides employees a direct access to the Chairman of the Audit Committee. It is affirmed that no personnel of the Company have been denied access to the Audit Committee.

The Whistle Blower Policy has been uploaded on the intranet of the Company.

RISK MANAGEMENT POLICY

Your Company has adopted the Risk Management Policy and is very keen on identifying, evaluating and managing significant risks faced by the Company and it prioritises relevant action plans in order to mitigate such risks. This is primarily the responsibility of the Risk Management Committee carried out through discussing the Management submissions on risks, evaluating key risks and approving action plans to mitigate such risks. Risk Management framework is reviewed periodically by the Risk Management Committee.

The development and implementation of Risk Management Policy has been covered in the Corporate Governance Report which may be taken as forming a part of this Report.

POLICY ON NOMINATION AND REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND OTHER EMPLOYEES

The Nomination and Remuneration Committee of the Board of Directors of the Company leads the process for Board appointments in accordance with the requirements of the

Act, the SEBI Listing Regulations and other applicable Regulation and guidelines. As per the policy on Nomination and Remuneration of Directors, Key Managerial Personnel (‘KMPs') and other employees laid down by the said Committee, all the Board appointments are considered based on meritocracy. The potential candidates for appointment to the Board are, inter alia, evaluated on the basis of highest level of personal and professional ethics, standing, integrity, values and character, appreciation of the Company's vision, mission, values and prominence in business, institutions or professions and professional skill, knowledge and expertise, financial literacy and such other competencies and skills as may be considered necessary. In addition to the above, the candidature of an Independent Director is also evaluated in terms of the criteria for determining independence as stipulated under the Act, the SEBI Listing Regulations and other applicable regulations and guidelines.

The salient features of the Company's policy on Nomination and Remuneration of Directors, KMPs and other employees along with the details of amendments made therein by the Board of Directors are given in the Corporate Governance Report which may be taken as forming a part of this Report. The said policy is also available on the website of the Company at https://dbcorpltd.com/corporategovernance. php.

HUMAN RESOURCES

A detailed Section on the Company's Human Resource

Development is a part of the Management Discussion and Analysis Report which forms a part of the Board's Report.

PARTICULARS OF REMUNERATION TO EMPLOYEES

A statement containing names of top ten employees of the Company in terms of Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 w.r.t. the remuneration drawn and the particulars of employees is annexed herewith as ‘Annexure E' and forms part of this Report.

In terms of the first proviso to Section 136 of the Act, the Reports and Accounts are being sent to the Members excluding the information required under Rule 5(2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any Member interested in obtaining the same may write to the Company Secretary at the Registered Office of the Company. The said information is available for inspection by the Members at the Registered Office of the Company on any working day of the Company up to the date of the 25th Annual General Meeting.

PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Details as required under Section 134(3)(m) of the Act read with Rule 8(3) of the Companies Accounts Rules, 2014 are as under:

Conservation of Energy:

1. Steps taken or impact on conservation of energy:

a. Various initiatives were taken e.g. single shift operations when activity level was reduced in order to conserve energy.

b. Maintenance and production shifts were merged wherever print load was reduced on account of load reductions due to COVID-19 pandemic situation.

2. Steps taken by the Company for utilising alternate sources of energy:

a. Investment of Rs157.94 lakh was done for installation of Solar PV plant in FY 2020-21 at the following locations:

1. Kota (Rs32.41 lakh)

2. Jodhpur (Rs68.03 lakh)

3. Udaipur (Rs41.34 lakh)

4. Ajmer (Rs16.16 lakh)

b. In FY 2020-21, total Solar PV plant capacity of 529 kWp was added at above mentioned locations.

c. Installation of Solar PV plant at Jaipur press and office was completed in March 2019 and is operational since then. Total capacity of 467 kWp Solar PV is installed at Jaipur.

d. At Ahmedabad Press, Solar PV plant of capacity 250.8 kWp installed in October 2019 and is operational since then.

e. Total Solar generation at all locations was 12,07,629 kWh (units) in FY 2020-21.

f. Savings of Rs 92,05,946 at all locations was achieved by Solar energy generation at both locations.

g. Location-wise generation and savings are as follows:

Location Units Generated kWh Savings (in Rs)
Jaipur 6,89,076 53,61,718
Ahmedabad 3,74,830 27,15,643
Jodhpur 87,981 6,86,255
Kota 40,039 3,12,304
Udaipur 12,718 1,05,307
Ajmer 2,985 24,719
Total 12,07,629 92,05,946

3. Capital investment on energy conservation equipments: Nil

Technology Absorption:

1. Efforts made towards technology absorption and

2. Benefits derived like product improvement, cost reduction, product development or import substitution: Nil

3. In case of imported technology (imported during the last 3 years reckoned from the beginning of the Financial Year): Nil / Not Applicable

4. Expenditure on Research & Development: Nil

Foreign Exchange Earnings and Outgo:

Your Company earned Foreign Exchange of Rs 45.31 million (Previous Year Rs 60.69 million). The financial expenses in foreign exchange during the year was

Rs 18.55 million (Previous Year Rs 13.68 million) and on account of advertisement, travelling, maintenance and other expenses was Rs 59.05 million (Previous Year

Rs 45.89 million).

DISCLOSURE ON COMPLIANCE WITH SECRETARIAL STANDARDS

During the Financial Year 2020-21, your Company has complied with applicable Secretarial Standards i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors' and ‘General Meetings' respectively, as notified by the Institute of Company Secretaries of India.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134(3)(c) of the Act with respect to Directors' Responsibility Statement, it is hereby confirmed:

1. that in the preparation of the annual accounts for the year ended March 31, 2021, the applicable Accounting Standards have been followed along with proper explanation relating to material departures;

2. that the directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2021 and of the profit of the Company for the year ended as on that date;

3. that the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4. that the directors had prepared the annual accounts for the Financial Year ended March 31, 2021, on a ‘going concern' basis;

5. that the directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and operating effectively;

6. that the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

GREEN INITIATIVES

In commitment to keep in line with the Green Initiatives and going beyond it, electronic copy of the Notice of 25th Annual General Meeting of the Company including the Annual Report for FY 2020-21 are being sent to all Members whose e-mail addresses are registered with the Company / Depository Participant(s).

DISCLOSURE IN RESPECT OF SHARES WITH DIFFERENTIAL RIGHTS, SWEAT EQUITY SHARES, ETC.

Your Directors state that no disclosure is required in respect of the following matters as there were no transactions in relation thereto, during the Financial Year under review:

– Issue of equity shares with differential rights as to dividend, voting or otherwise.

– Issue of Sweat Equity shares.

– Buy Back of shares

– there was no occasion where the Board has not accepted any recommendation of the Audit Committee.

CAUTIONARY STATEMENT

Statements in the Board's report and the Management Discussion and Analysis Report describing the Company's objectives, expectations or predictions, may be forward-looking within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed in the statement. Important factors that could influence the Company's operations include: global and domestic demand and supply conditions affecting selling prices, new capacity additions, availability of critical materials and their cost, changes in government policies and tax laws, economic development of the country and other factors which are material to the business operations of the Company.

ACKNOWLEDGEMENTS

The Directors express their appreciation for the sincere cooperation and assistance of the Government authorities, Bankers, Customers, Suppliers and Business associates. Your Directors also wish to place on record their deep sense of appreciation for the committed services by your Company's employees. Your Directors acknowledge with gratitude, the encouragement and support extended by our valued Members.

For and on behalf of the Board of Directors of

D. B. Corp Limited

Sd/- Sd/-
Sudhir Agarwal Pawan Agarwal
Managing Director Deputy Managing Director
DIN: 00051407 DIN: 00465092
Place: Mumbai
Date: August 13, 2021
Encl.: Annexure A to E

   

D B Corp Ltd Company Background

Sudhir Agarwal
Incorporation Year1995
Registered OfficeP No280 Near YMCA Club Makarba,Sarkhej-Gandhinagar Highway
Ahmedabad,Gujarat-380051
Telephone91-79-39888850,Managing Director
Fax91-79-39814001
Company SecretaryAnita Gokhale
AuditorPrice Waterhouse & Co Chartered Accountants LLP
Face Value10
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarKFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

D B Corp Ltd Company Management

Director NameDirector DesignationYear
Sudhir Agarwal Managing Director 2022
Girish Agarwal Director 2022
Pawan Agarwal Deputy Managing Director 2022
Ashwani Kumar B Singhal Independent Director 2022
Anita Gokhale Company Sec. & Compli. Officer 2022
Anupriya Acharya Independent Director 2022
Santosh Ramesh Desai Independent Director 2022
Paulomi Dhawan Independent Director 2022

D B Corp Ltd Listing Information

Listing Information
BSESMALLCA
BSEALLCAP
GOODSSERVI

D B Corp Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Advertisement Revenue NA 0001564.047
News Papers No 000509.112
Sale of Services NA 000110.911
Sale of Wastage NA 00024.018
Event Managment Services NA 00012.471
Magazines NA 0003.047
Sale of Power Uni0000.093
Sales NA 0000
Other Operating Income NA 0000
Cold Set Machines No 0000
heat Set Machines No 0000
wastage Sale NA 0000
Magazines (Copies) No 0000
Newspaper (Copies) No 0000

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