Entertainment Network (India) Limited

Board Meeting Details

A meeting of the Board of Directors was held on Tuesday, 3 November 2026 at the Registered Office of the Company at The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai - 400098. The meeting commenced at 11:45 a.m. and concluded at 7:00 p.m.

The Board:

  • Considered, approved and took on record the un-audited financial results (standalone and consolidated) for the quarter and six months ended 30 September 2026
  • Took on record the Limited Review Report for the aforesaid financial results
  • Considered other business items

Financial Results Overview

Standalone Performance (₹ in Lakhs):

Quarter Ended 30-Sep-26:

  • Revenue from operations: ₹11,365.00
  • Other income: ₹750.54
  • Total Income: ₹12,115.54
  • Total Expenses: ₹12,634.17
  • Loss before exceptional items and tax: ₹(518.63)
  • Tax benefit: ₹(130.53)
  • Net Loss for the quarter: ₹(388.10)
  • Basic EPS: ₹(0.81)
  • Diluted EPS: ₹(0.81)

Six Months Ended 30-Sep-26:

  • Revenue from operations: ₹22,440.77
  • Other income: ₹1,574.90
  • Total Income: ₹24,015.67
  • Total Expenses: ₹25,138.01
  • Loss before exceptional items and tax: ₹(1,120.34)
  • Tax benefit: ₹(281.97)
  • Net Loss for the period: ₹(838.37)
  • Basic EPS: ₹(1.76)
  • Diluted EPS: ₹(1.76)

Consolidated Performance (₹ in Lakhs):

Quarter Ended 30-Sep-26:

  • Revenue from operations: ₹11,670.19
  • Other income: ₹757.51
  • Total Income: ₹12,427.70
  • Total Expenses: ₹13,039.43
  • Loss before exceptional items and tax: ₹(611.73)
  • Tax benefit: ₹(126.26)
  • Net Loss for the quarter: ₹(485.47)
  • Basic EPS: ₹(1.02)
  • Diluted EPS: ₹(1.02)

Six Months Ended 30-Sep-26:

  • Revenue from operations: ₹23,038.69
  • Other income: ₹1,600.78
  • Total Income: ₹24,639.47
  • Total Expenses: ₹25,999.22
  • Loss before exceptional items and tax: ₹(1,359.75)
  • Tax benefit: ₹(273.30)
  • Net Loss for the period: ₹(1,086.45)
  • Basic EPS: ₹(2.28)
  • Diluted EPS: ₹(2.28)

Key Financial Metrics

Standalone Balance Sheet (as at 30-Sep-26):

  • Total Assets: ₹112,639.06 Lakhs
  • Equity Share Capital: ₹4,767.04 Lakhs
  • Other Equity: ₹69,144.04 Lakhs
  • Total Equity: ₹73,911.08 Lakhs
  • Non-current liabilities: ₹12,904.82 Lakhs
  • Current liabilities: ₹25,823.16 Lakhs

Consolidated Balance Sheet (as at 30-Sep-26):

  • Total Assets: ₹114,629.44 Lakhs
  • Equity Share Capital: ₹4,767.04 Lakhs
  • Other Equity: ₹69,058.83 Lakhs
  • Non-controlling interests: ₹64.79 Lakhs
  • Total Equity: ₹73,890.66 Lakhs
  • Non-current liabilities: ₹13,531.94 Lakhs
  • Current liabilities: ₹27,206.84 Lakhs

Significant Developments and Notes

1. Exceptional Items:

The Government of India notified the Labour Codes on November 21, 2025. Based on the revised definition of wages, the Company recognized an expense of ₹970.48 lakhs for the year ended March 31, 2026 towards gratuity and leave encashment as an exceptional item.

2. Legal Matter with PPL:

The Hon'ble Madras High Court pronounced its order on April 27, 2023 in the matter of the Company vs Phonographic Performance Limited (PPL). The management has filed a special leave petition before the Hon'ble Supreme Court of India. The management believes that chances of cash outflow on this matter are remote.

3. FM Radio Stations Transfer:

The Company entered into a Term Sheet with Abhijit Realtors & Infraventures Private Limited to transfer assets relating to four FM Radio Stations (Kanpur 91.9 FM, Lucknow 107.2 FM, Nagpur 91.9 FM and Hyderabad 104 FM) through its wholly owned subsidiary, Alternate Brand Solutions (India) Limited for a consideration of ₹1,960.00 lakhs plus applicable taxes. MIB approved the transfer vide letter dated July 17, 2026.

4. Corporate Restructuring:

Bennett, Coleman and Company Limited (BCCL) and Times Horizon Private Limited (THPL) underwent a reorganization through a scheme of arrangement approved by NCLT Mumbai Bench vide order dated 4 February 2026. The Scheme became effective on 1 September 2026. Consequently, THPL has become the promoter of ENIL effective 1 September 2026.

5. Tax Regime Change:

Pursuant to the Income-tax Act, 2025, the Company has opted for the new tax regime with effect from April 1, 2026. The remeasurement of deferred tax assets and liabilities resulted in reversal of Deferred Tax in the Statement of P&L of ₹1,717.75 lakhs and Deferred Tax charge in Other Equity of ₹341.59 lakhs.

Geographical Segment Information

  • India: ₹22,012.38 Lakhs (H1 FY27)
  • Outside India: ₹1,026.31 Lakhs (H1 FY27)

Auditor's Review

Walker Chandiok & Co LLP conducted the review of the financial results and issued an unmodified review conclusion. The review covered all entities except two subsidiaries whose financial information was reviewed by other auditors.

Trading Window Closure

The trading window for trading in the securities of the Company will re-open after the expiry of 48 hours post the financial results are made generally available.

Document Availability

The financial results are available on the company website (www.enil.co.in) and on the websites of BSE Limited and National Stock Exchange of India Limited.