Meeting Details

  • Date: Wednesday, September 2, 2026
  • Time: 11:30 a.m. (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means without physical presence
  • Deemed Venue: Registered Office at Second Floor, The Mangaldeep Capital, Opposite Gulab Residency, Near CIMS Hospital Cross Road, Science City Road, Sola, Ahmedabad - 380 060, Gujarat
  • Type: 30th Annual General Meeting

Proposed Resolutions and Implications

Ordinary Business:

1. Adoption of Financial Statements: To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Director Re-appointment: To appoint Mr. Pawan Agarwal (DIN: 00465092) who retires by rotation and seeks re-appointment

Special Business:

3. Cost Auditor Remuneration Ratification: To ratify remuneration payable to M/s. K.G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024) for conducting audit of cost records of Radio business for FY 2026-27

  • Remuneration: ₹33,000 per annum plus applicable taxes and reimbursement of out-of-pocket expenses

4. Managing Director Re-appointment: To re-appoint Mr. Sudhir Agarwal (DIN: 00051407) as Managing Director for 5 years from January 1, 2027 to December 31, 2031 with remuneration:

  • Salary: ₹3,67,50,000 per annum with effect from January 1, 2027 with annual increment up to 10%
  • Perquisites: Company-maintained car (up to two) with driver for business purpose; Club fees (up to three clubs including admission and annual membership fee)
  • Benefits: Leave and other benefits as per company policy

Voting Process and Methods

  • Remote e-voting Period: Saturday, August 29, 2026 (9:00 a.m. IST) to Tuesday, September 1, 2026 (5:00 p.m. IST)
  • Cut-off Date: Wednesday, August 26, 2026
  • E-voting during AGM: Available for members participating through VC/OAVM who haven't voted remotely
  • Service Provider: KFin Technologies Limited, Registrar and Transfer Agents
  • Voting Methods:
  • Individual shareholders through NSDL/CDSL demat accounts
  • Other shareholders through https://evoting.kfintech.com
  • Speaker Registration: Available from August 26, 2026 (9:00 a.m.) to August 29, 2026 (5:00 p.m.)

Scrutinizer Appointment

  • Scrutinizer: Mr. Hitesh D. Buch, Proprietor of M/s. Hitesh Buch & Associates, Practicing Company Secretaries (Membership No. FCS 3145 and CP No. 8195)
  • Role: To scrutinize remote e-voting process and e-voting during AGM in fair and transparent manner
  • Report Submission: To submit report to Chairman within two days of conclusion of AGM

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • MCA Circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 08, 2021, December 14, 2021, May 05, 2022, December 28, 2022, September 25, 2023, September 19, 2024 and September 22, 2025
  • Companies (Management and Administration) Rules, 2014
  • Secretarial Standard on General Meetings (SS-2)

Financial Information (FY 2025-26)

  • Total Revenue: ₹24,401.23 million
  • Profit after tax: ₹3,316.47 million
  • Net Profit as per Section 198: ₹4,462.95 million
  • Net Worth: ₹24,307.25 million

Additional Information

  • Documents Available for Inspection: Register of Directors and Key Managerial Personnel, draft Service Agreement for Mr. Sudhir Agarwal
  • Foreign Shareholding: 12.74% as of March 31, 2026
  • Current Remuneration:
  • Mr. Sudhir Agarwal: ₹3,50,00,000 for FY 2025-26
  • Mr. Pawan Agarwal: ₹3,00,00,000 for FY 2025-26
  • Shareholding of Directors:
  • Mr. Sudhir Agarwal: 66,22,795 equity shares
  • Mr. Pawan Agarwal: 65,23,000 equity shares