Nature of the Event
This is a regulatory disclosure filed with the BSE Limited and the National Stock Exchange of India Limited. It provides an update on the previously announced proposed acquisition of the business undertaking comprising the \"GoodTimes\" Channel from Lifestyle & Media Broadcasting Limited. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Update
The company reports that the proposed transaction is currently under discussion concerning certain transaction-related matters. As a result of these ongoing discussions, the expected completion timeline for the acquisition has been extended. The transaction is now anticipated to be completed within a further period of approximately 3 (three) months from the date of this disclosure (July 17, 2026).
Conditions for Completion
The consummation (completion) of the proposed acquisition remains contingent upon two key factors:
- Receipt of all applicable statutory and regulatory approvals.
- Fulfilment of customary conditions precedent to the transaction.
This disclosure is a follow-up to the company's initial announcement on this matter dated June 18, 2026.
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