Next Mediaworks FY26 Net Loss ₹5.28 Crore

Standalone Total Income: ₹20 lakhs (FY26) vs ₹56 lakhs (FY25)
EBITDA: ₹(4) lakhs (FY26) vs ₹(52) lakhs (FY25)
Finance Cost: ₹452 lakhs (FY26) vs ₹436 lakhs (FY25)
Loss Before Exceptional Items & Tax: ₹(456) lakhs (FY26) vs ₹(488) lakhs (FY25)
Exceptional Items: ₹(72) lakhs loss (FY26 - impairment of GST credit) vs ₹882 lakhs gain (FY25 - reversal of investment impairment)
Profit/(Loss) After Tax: ₹(528) lakhs (FY26) vs ₹394 lakhs (FY25)
Total Comprehensive Loss: ₹(1,074) lakhs (FY26) vs ₹324 lakhs profit (FY25)
Retained Earnings: ₹(18,252) lakhs (FY26) vs ₹(17,724) lakhs (FY25)
Net Worth: Negative ₹(3,536) lakhs (FY26) vs Negative ₹(2,499) lakhs (FY25)
Borrowings from Related Party (Next Radio Limited): ₹3,892 lakhs (FY26) vs ₹3,443 lakhs (FY25)
Current Ratio: 5.2 times (FY26) vs 0.4 times (FY25)
Interest Coverage Ratio: -0.01 times (FY26) vs -0.12 times (FY25)
Investment in Next Radio Limited (at FVOCI): ₹266 lakhs (FY26) vs ₹812 lakhs (FY25)
Deemed Equity Contribution from HT Media: ₹37 lakhs (FY26)

AGM Date: September 22, 2026 at 11:00 AM IST through VC/OAVM
Remote E-voting Period: September 17, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
Cut-off Date for E-voting: September 15, 2026
Financial Year End: March 31, 2026
Board Approval Date: May 22, 2026

Statutory Auditors: S.R. Batliboi & Associates LLP
Secretarial Auditor: Malavika Bansal, Practicing Company Secretary
Registrar & Share Transfer Agent: KFin Technologies Limited
Scrutinizer for E-voting: D.S. Associates
Holding Company: HT Media Limited
Related Party: Next Radio Limited (erstwhile subsidiary until February 7, 2025)

No change in share capital during FY26
Paid-up equity share capital remains at ₹668.9908 lakhs (6,68,92,908 shares of ₹10 each)
99.997% of shares are in dematerialized form
Promoter holding: 74.99% (HT Media Limited: 51.00%)

No business operations or operating cash flows during FY26
No definite business plans disclosed
No employees on rolls as of March 31, 2026 (all transferred to HT Media Limited effective April 1, 2025)
Financial statements prepared on non-going concern basis due to accumulated losses and uncertainty in repaying borrowings due August 2027
Impairment of GST Input Tax Credit of ₹72 lakhs recognized as exceptional item due to going concern issues
Fair value loss of ₹546 lakhs on investment in Next Radio Limited equity shares classified at FVTOCI

Board Composition: 6 directors (3 independent, 3 non-executive non-independent)
Director Changes: Mr. Lloyd Mathias and Ms. Suchitra Rajendra ceased as independent directors effective April 15, 2025; Mr. Suryakant Gupta, Mr. Ishant Juneja and Ms. Pratibha Sabharwal appointed as independent directors effective April 15, 2025
KMP Changes: Mr. Ramesh Menon (CEO) and Mr. Amit Madaan (CFO) resigned effective April 16, 2025; Mr. Rohit Kalra appointed as CEO and Mr. Priyatn Agrawal as CFO effective April 17, 2025
Board Meetings: 6 meetings held during FY26
No frauds reported by auditors under Section 143(12) of Companies Act

Inter-corporate deposit from Next Radio Limited: ₹3,892 lakhs outstanding as of March 31, 2026
Interest expense to Next Radio Limited: ₹452 lakhs for FY26
Deemed equity contribution from HT Media Limited: ₹37 lakhs for bearing company's expenses
Advertisement charges paid to HT Media: ₹1 lakh for FY26

Segment Reporting: No reportable segments as per Ind AS 108
Corporate Governance: Compliance certificate obtained from practicing company secretary
CSR Provisions: Not applicable to the company
Sexual Harassment: No complaints received during the year
Dividend: No dividend recommended for FY26