Divine Entertainment conducts its affairs in a fair transparent and professional manner. The
company believes that good Corporate Governance practices enable the Board to Direct and
control the affairs of the company in an efficient manner. As such, the company steps to put in
place the system of Corporate Governance as per the guidelines provided in Clause 49 of the
Listing Agreement. Further with the formation of the various committees within the
organizations, the company also complies with various provisions of the Companies Act,
1956 as well as SEBI and Stock Exchange requirement. As per the norms prescribed under
Listing Agreement being applicable to the company and in compliance to Section 292A of the
Companies Act, 1956, the company had partly complied with the code of corporate
governance on 31st March, 2011.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
(1) OPERATING RESULTS OF THE COMPANY
During the Financial Year under consideration the performance of the Company was satisfactory.
(2) INDUSTRY STRUCTURE AND DEVELOPMENT
The Indian film industry is witnessing increased corporatization and several companies, especially
those in film distribution and exhibition. The country is today producing some of the finest films
based on varied subjects and winning accolades on all counts.
The television industry is witnessing the mushrooming of more niche channels. Here
again, emerging technologies such as broadband, 0TH, IP and digitalization will bring
about more growth.
Technology is changing the rules of the film industry just as it did for the music industry.
With the growing interest from consumers to get movies and video content in different
ways with different options, filmmakers and distributors are turning to technology to meet
their demands. New technology like Windows Media 9 Series strives to achieve higher
quality, greater efficiency, and greater audience reach all while driving down costs. All of
these benefits open up new distribution opportunities to the film industry
With the increase in business segment, the competition has increased from Domestic and other developed countries.
Threats for this Industry are very common and every person is aware of the threats and the risks involved with this Industry.
(5) PROSPECT & OUTLOOK
The Company presents the analysis of the Company for the year 2015-2016 & its outlook for the
future. This outlook is based on assessment of the current business environment. It may vary due to
future economic & other developments, both in India and abroad.
(6) RISKS AND CONCERNS
The Company has taken adequate preventive ad precautionary measures to overcome all negative factors responsible for low trend to ensure steady growth.