Meeting Details

The 71st Annual General Meeting was scheduled to be held on Friday, September 18, 2026 at 4:00 p.m. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The deemed venue was the Registered Office of the Company at First Floor, Empire Complex, 414-Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra.

Proposed Resolutions

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026 and reports of Board of Directors and Auditors

2. Appointment of Mr. Karanvir Singh Gill (DIN: 07283590) as Director retiring by rotation

3. Appointment of Ms. Bindu Navinchandra Trivedi (DIN: 07986509) as Director retiring by rotation

Special Business:

4. Appointment of Mr. Puneet Singhvi (DIN: 06890542) as Non-Executive Non-Independent Director

Voting Process and Methods

The company provided remote e-voting facility from September 14, 2026 (9:00 a.m.) to September 17, 2026 (5:00 p.m.) through KFin Technologies Limited. Insta Poll voting was also available during the AGM for members who hadn't voted remotely. The cut-off date for determining voting rights was September 11, 2026.

Key Voting Outcomes and Shareholder Participation

The document specifies that results would be declared on or before September 20, 2026, but actual voting results are not provided in this notice. The scrutinizer appointed was Mr. Neelesh Kr. Jain, Practicing Company Secretary (Membership No.: FCS-5593), Proprietor of M/s. N.K.J. & Associates.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated September 22, 2025, and subsequent circulars
  • Secretarial Standards issued by ICSI

Financial Performance Highlights

FY 2025-26 Financial Results:

  • Other Income: ₹60.20 lakh (Previous year: nil)
  • Finance Costs: ₹268.66 lakh (Previous year: ₹291.26 lakh)
  • Depreciation: ₹0.31 lakh (Same as previous year)
  • Loss before tax from continuing operations: ₹(208.77) lakh (Previous year: ₹(291.57) lakh)
  • Loss from discontinued operations: ₹(91.43) lakh (Previous year: ₹(81.73) lakh)
  • Net Loss: ₹(300.20) lakh (Previous year: ₹(373.30) lakh)
  • Total Comprehensive Income: ₹(300.20) lakh (Previous year: ₹(373.30) lakh)
  • No dividend recommended due to losses
  • Negative net worth: ₹(6,121.97) lakh

Director Details

Board Composition as on March 31, 2026:

  • Mr. Vivek Jain - Chairman and Independent Director
  • Ms. Riddhi Bhimani - Independent Director (appointed w.e.f August 29, 2025)
  • Ms. Kshipra Jatana - Non-Executive Director
  • Mr. Ramesh Kumar Damani - Non-Executive Director
  • Mr. Karanvir Singh Gill - Non-Executive Director (holding 10 shares)
  • Ms. Bindu Navinchandra Trivedi - Non-Executive Director (holding 10 shares)
  • Mr. Puneet Singhvi - Non-Executive Director (appointed w.e.f August 21, 2026)

Key Managerial Personnel:

  • Mr. Pratik Dinesh Sangoi - Manager
  • Mr. Ketan Kishore Ravesia - Chief Financial Officer
  • Mr. Nitten Gupta - Company Secretary & Compliance Officer (appointed w.e.f January 13, 2026)

Auditor Information

  • Statutory Auditors: Chaturvedi & Shah LLP, Chartered Accountants (ICAI Firm Regn. No.101720W/W100355)
  • Secretarial Auditor: M/s Akanksha Mota & Co., Company Secretaries
  • Internal Auditor: M/s N.K.J & Associates
  • Fees paid to Statutory Auditors: ₹6.30 lakh

Shareholding Pattern (as on March 31, 2026)

  • Total Equity Shares: 5,01,94,172 of ₹10 each
  • Promoter holding: 50.69% (Network18 Media & Investments Limited)
  • Public holding: 44.99%
  • Dematerialized shares: 99.24%
  • Physical shares: 0.75%

Scrutinizer's Role

Mr. Neelesh Kr. Jain was appointed as scrutinizer to scrutinize the remote e-voting and Insta Poll process. His decision on the validity of votes cast was final. The scrutinizer was required to submit a consolidated report to the Chairman after conclusion of e-voting.

Additional Information

  • The company ceased operations in 2012-13 due to commercial unviability
  • No operating revenue during the year
  • Company evaluating various options including starting a new line of business
  • Parent company (Network18) provided support letter for going concern assumption
  • Contingent liabilities: Income tax ₹55.49 lakh, Sales tax ₹367.17 lakh
  • Registrar & Transfer Agent: KFin Technologies Limited, Hyderabad