Key Decisions and Financial Results

The Board of Directors at its meeting held on August 13, 2026 (commenced at 4:30 PM, concluded at 8:15 PM) considered and approved the following:

1. Financial Results Approval

  • Approved Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026
  • Results reviewed by Audit Committee and include Limited Review Reports from statutory auditors

2. Annual General Meeting Arrangements

  • Decided to convene the 33rd Annual General Meeting (AGM) on Thursday, September 17, 2026 at 4:00 PM IST
  • Meeting to be conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Fixed Thursday, September 10, 2026 as Cut-Off date for identifying members eligible to vote through remote e-voting and participation

3. Director Re-appointment

  • Upon recommendation of Nomination and Remuneration Committee, approved re-appointment of Mr. Chandan Kumar Jain (DIN: 09605901) as Independent Director
  • Second term of 5 consecutive years effective from May 30, 2027 to May 29, 2032
  • Not liable to retire by rotation
  • Subject to approval of Members by passing Special Resolution at the 33rd AGM

Detailed Financial Performance (₹ in Lakhs)

Standalone Financial Results (Quarter Ended June 30, 2026)

  • Revenue from Operations: ₹1,036.61
  • Other Income: ₹1.11
  • Total Income: ₹1,037.72
  • Total Expenses: ₹934.48
  • Changes in inventories: (₹25.55)
  • Employee benefit expenses: ₹59.51
  • Finance Costs: ₹116.01
  • Depreciation and amortisation: ₹22.48
  • Other Expenses: ₹762.03
  • Profit before tax: ₹103.24
  • Tax Expense: ₹9.76 (Deferred Tax)
  • Profit for the period: ₹93.48
  • Earnings per share (Basic): ₹0.04
  • Earnings per share (Diluted): ₹0.04
  • Paid up Equity Share Capital: ₹4,356.66 (Face Value ₹2 per share)

Consolidated Financial Results (Quarter Ended June 30, 2026)

  • Revenue from Operations: ₹3,858.77
  • Other Income: ₹1.43
  • Total Income: ₹3,860.20
  • Total Expenses: ₹3,442.09
  • Changes in inventories: (₹378.78)
  • Employee benefit expenses: ₹397.80
  • Finance Costs: ₹232.10
  • Depreciation and amortisation: ₹68.02
  • Other Expenses: ₹3,122.95
  • Profit before tax: ₹418.11
  • Tax Expense: ₹61.21 (Current Tax: ₹42.84, Deferred Tax: ₹18.37)
  • Profit for the period: ₹356.90
  • Attributable to owners of parent: ₹255.51
  • Attributable to non-controlling interest: ₹101.39
  • Earnings per share (Basic): ₹0.17
  • Earnings per share (Diluted): ₹0.14
  • Paid up Equity Share Capital: ₹4,356.66

Segment-wise Performance (Quarter Ended June 30, 2026)

Standalone Segment Revenue

  • Audio-Visual Production and Distribution: ₹792.28
  • Leasing: ₹244.33
  • Total: ₹1,036.61

Consolidated Segment Revenue

  • Audio-Visual Production and Distribution: ₹578.06
  • Leasing: ₹57.70
  • F.M. Radio: ₹148.21
  • F.M. Radio_Podcast: ₹53.65
  • Television Broadcasting: ₹2,680.91
  • Television Broadcasting-Content Syndication: ₹340.24
  • Total: ₹3,858.77

Consolidated Segment Results

  • Audio-Visual Production and Distribution: (₹114.70)
  • Leasing: ₹42.65
  • F.M. Radio: ₹99.85
  • F.M. Radio_Podcast: ₹15.73
  • Television Broadcasting: ₹1,146.62
  • Television Broadcasting-Content Syndication: ₹116.23
  • Total Segment Results: ₹1,306.38

Capital Structure Update

The Company completed the conversion of all 20,000,000 warrants into equity shares through preferential allotment to a promoter group member:

Fund Raising Details

  • Total Funds Received: ₹1,650.00 lakhs
  • 25% upfront money received on March 19, 2026: ₹412.50 lakhs
  • 75% balance for 9,800,000 shares on March 28, 2026: ₹606.38 lakhs
  • 75% balance for 10,200,000 shares on June 27, 2026: ₹631.12 lakhs

Fund Utilization

  • Expansion of Business: ₹211.50 lakhs
  • Investment in Projects: ₹412.50 lakhs
  • General Corporate Purpose: ₹194.88 lakhs
  • Total Utilized: ₹1,018.88 lakhs
  • Unutilized Balance in Bank: ₹631.12 lakhs

Subsidiary Information

The consolidated results include the following subsidiaries:

  • E24 Glamour Limited
  • News24 Broadcast India Limited
  • Skyline Radio Network Limited

Subsidiaries contributed total income of ₹3,223.01 lakh and total profit before tax of ₹314.90 lakh for the quarter ended June 30, 2026.

Director Profile Details

Mr. Chandan Kumar Jain, aged 64 years, is a retired IRS officer and practicing lawyer in Delhi. He has over 30 years of experience in Income Tax, Direct and Indirect Tax, Company law and Communication Law. He served in the Department of Central Excise & Customs under CBEC, Ministry of Finance, Government of India, and also as Officer on Special Duty to the Ministry of Communication and IT. He is not related to any existing Director, Promoter or Key Managerial Personnel of the Company.