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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above unaudited consolidated financial results for the quarter and nine months ended December 31, 2020 have been reviewed by the Audit Committee and approved by the Board in their meeting held on February 8, 2021. The above results have been reviewed by the statutory auditors, Deloitte Haskins &amp; Sells LLP who have expressed an unmodified opinion on the same.  n  n2. Based on internal reporting provided to the Chief Operating Decision Maker, “Media and Entertainment” is the only reportable segment for the Company.  n  n3. The Board of Directors have declared an interim dividend of Rs.5.00/- per share (100%) at their meeting held on February 8, 2021.  n  n4. The results for the nine months ended December 31, 2020 includes income from the Company's IPL franchise  SunRisers Hyderabad  for season 2020 of Rs.254.48 crores (Nine months ended December 31, 2019 for season 2019 (Partial) of Rs. 244.44 crores ) and corresponding costs of Rs.161.54 crores (Nine months ended December 31, 2019 for season 2019 (partial) of Rs. 138.46 crores).  n  n5. The outbreak of COVID -19 pandemic and consequent lock down has impacted the regular business operations of the Group. The results for the quarter and nine months ended December 31, 2020 are therefore not comparable with those for the earlier periods presented. The Group has assessed the impact of the pandemic on its financial results / position based on the internal and external information, to the extent known and available up to the date of approval of these financial results and based on the current estimates, the Group expects no further adjustments to the carrying amounts as at December 31, 2020 of the investments, intangible assets, receivables and other financial assets. This assessment and the outcome of the pandemic as regards the aforesaid matters is highly dependent on the circumstances / developments, as they evolve in the subsequent periods.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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