Balaji Telefilms has scheduled its 32nd Annual General Meeting for Tuesday, September 29, 2026, at 3:30 pm via video conferencing. The meeting will address the adoption of financial statements for FY26 and key governance resolutions.

Governance Resolutions

The agenda includes the re-appointment of Mrs. Shobha Ravi Kapoor as a director by rotation. Additionally, shareholders will vote on the continuation of Ms. Priyanka Chaudhary’s directorship as a Non-Executive, Non-Independent Director for five years, from May 26, 2026, to May 25, 2031.

Special resolutions will seek approval for the remuneration of Mrs. Shobha Ravi Kapoor (Managing Director) and Ms. Ekta Ravi Kapoor (Joint Managing Director) for their remaining tenures until November 9, 2028. The proposed basic salary for both executives is capped at ₹20,00,000 per month, with perquisites including housing allowances up to 50% of basic salary and medical benefits.

Financial Context

The explanatory statement notes that the content production space operates with cyclicality, leading to higher initial costs for new shows. The company reported an operating loss of ₹6,204.42 lakh for FY26, against revenues of ₹21,083.45 lakh. Management stated that cost optimization efforts and a focus on prime-time shows aim to improve profitability as established shows generate higher returns.

What the Numbers Show

The company recorded a net loss of ₹4,549.32 lakh in FY26, despite other income contributing ₹1,073.95 lakh. This indicates that core operations faced significant pressure, with expenditure totaling ₹27,287.87 lakh exceeding revenue by approximately ₹6,204 lakh before interest and depreciation charges.

Voting Details

Remote e-voting will be open from Friday, September 25, 2026, at 9:00 am to Monday, September 28, 2026, at 5:00 pm. The cut-off date for voting rights is Tuesday, September 22, 2026. Corporate members must submit board resolutions to the scrutinizer via email.

Balaji Telefilms has scheduled its 32nd Annual General Meeting for Tuesday, September 29, 2026 at 3:30 p.m. IST via Video Conferencing, alongside the release of its FY2025-26 Annual Report showing a sharp decline in consolidated revenue to ₹210.8 Cr from ₹453.1 Cr in FY2024-25.

The company reported a consolidated net loss after tax of ₹49.6 Cr in FY2025-26, reversing a net profit of ₹84.6 Cr in the prior year. The swing was partly attributable to the absence of a deferred tax asset creation benefit that had boosted FY2024-25 results following the merger of subsidiaries. Standalone revenue from operations stood at ₹21,083.45 Lacs, with a standalone net loss of ₹4,549.32 Lacs compared to a net profit of ₹9,059.22 Lacs in the previous year.

Financial Performance Overview

The following table summarises consolidated financial highlights for FY2025-26 versus FY2024-25.

The lower revenue base reflected a lighter theatrical recognition year in the Films segment, reduced television activity during show transitions, and continued investment in the digital ecosystem.

Segment-wise Performance

The company operates across three reportable segments. The Commissioned (TV + Digital) segment remained the largest contributor at approximately 76% of consolidated revenue.

The Films segment reported revenues of approximately ₹15.3 Cr, reflecting a lighter theatrical recognition year. The marquee release 'Bhooth Bangla', directed by Priyadarshan and starring Akshay Kumar, crossed ₹240 crores at the worldwide box office. The Digital (B2C) business recorded revenues of approximately ₹35.8 Cr, representing about 17% of consolidated revenue.

Key Developments During FY2025-26

Several strategic milestones were recorded during the year:

• Amalgamation completed: ALT Digital Media Entertainment Limited and Marinating Films Private Limited, both wholly owned subsidiaries, were merged into Balaji Telefilms with an appointed date of April 1, 2024. The merger unlocked a GST input credit of approximately ₹117 crore and is expected to result in no material direct tax incidence for the next four to five years.
• Netflix partnership: The company entered a long-term creative partnership with Netflix to develop diverse content across formats. Two new web series are under development, including a large-scale period drama, and 'Lock Upp' has premiered on the platform.
• Digital platform refresh: Following the discontinuation of 'ALT' in July 2025, the company launched 'Kutingg' (vertical short-format OTT) in September 2025, alongside 'AstroGuide' (a premium astrology app that clocked 2.5 lakh downloads within 24 hours of launch), 'Balaji Studio' and 'Hoonur' (a talent management vertical).
• B2B digital order book: The digital commissioned business carried an order book of over ₹350 crore with leading OTT platforms, with approximately ₹50 crore being added each quarter.
• Strong film pipeline: Four films are slated for FY2026-27, of which three had already been pre-sold with around 99% of the cost of production recovered.

Liquidity and Balance Sheet

As on March 31, 2026, the consolidated net worth (equity attributable to owners) stood at approximately ₹623.9 crore, with total consolidated equity of approximately ₹621.1 crore. The company maintained over ₹163 crore in liquid cash held across banks and mutual funds, and remains largely debt-light on a long-term basis. The merger-led GST input credit of approximately ₹117 crore further strengthens the financial position.

Key Financial Ratios

Significant changes in key financial ratios for FY2025-26 compared to FY2024-25 are disclosed below.

AGM Details and Agenda

The 32nd AGM will be held on Tuesday, September 29, 2026 at 3:30 p.m. IST through VC/OAVM. The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive). No dividend is proposed for FY2025-26.

Key items on the AGM agenda include:

• Adoption of audited standalone and consolidated financial statements for FY2025-26
• Re-appointment of Mrs. Shobha Ravi Kapoor, who retires by rotation
• Approval for continuation of directorship of Ms. Priyanka Chaudhary as Non-Executive, Non-Independent Director for five years effective May 26, 2026
• Approval of remuneration for Mrs. Shobha Ravi Kapoor as Managing Director for the remaining two-year tenure (November 10, 2026 to November 9, 2028), with basic salary not exceeding ₹20,00,000 per month
• Approval of remuneration for Ms. Ekta Ravi Kapoor as Joint Managing Director for the remaining two-year tenure (November 10, 2026 to November 9, 2028), with basic salary not exceeding ₹20,00,000 per month

The remote e-voting period will commence on Friday, September 25, 2026 at 9:00 a.m. IST and end on Monday, September 28, 2026 at 5:00 p.m. IST. The cut-off date for determining voting rights is Tuesday, September 22, 2026. Statutory Auditors Deloitte Haskins and Sells LLP have issued an unmodified audit opinion on the FY2025-26 financial results.