Times Horizon Private Limited has acquired a 71.15% stake in Entertainment Network (India) Limited following the implementation of a composite scheme of arrangement. The transaction marks the transfer of promoter control from Bennett, Coleman & Company Limited to THPL and its persons acting in concert.

The acquisition was executed pursuant to a scheme involving BCCL, Times Horizon Private Limited, and their respective shareholders and creditors. The Hon'ble National Company Law Tribunal, Mumbai bench, approved the arrangement under Sections 230 to 232 of the Companies Act, 2013. The effective date of the scheme was September 1, 2026.

Transaction Details

THPL acquired 3,39,18,400 equity shares carrying voting rights from BCCL. Prior to this transaction, BCCL held no encumbered shares, warrants, or convertible securities in the target company. The shares acquired have a face value of ₹10 each.

Following the sale, BCCL's holding in Entertainment Network stands at zero. THPL now holds 71.15% of the equity shares and voting rights. The total equity share capital of the target company remains unchanged at 4,76,70,415 equity shares of ₹10 each, amounting to ₹47,67,04,150.

Promoter Group Structure

Pursuant to the scheme, THPL has become a promoter of the Target Company. Sanmati Properties Limited, Arth Udyog Limited, TM Investments Limited, Mr. Vineet Jain, and Bharat Nidhi Limited are categorized as members of the promoter group. These entities are acting in concert with respect to the aggregate voting rights held by them in THPL, which constitutes 50.05% of the total voting rights in THPL.

As part of the scheme consideration, THPL issued one fully paid-up equity share to each shareholder of BCCL for every share held. Additionally, THPL allotted 2,86,955 fully paid-up equity shares to Sanmati Properties Limited on a preferential basis.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 by THPL and its PACs. A separate disclosure regarding BCCL's disposal was made under Regulation 29(2). Chanda Makhija Thadani, Company Secretary of BCCL, certified the filing submitted to both the National Stock Exchange and BSE Limited.

Entertainment Network (India) Limited has fixed Friday, September 18, 2026 as the record date for its 27th Annual General Meeting (AGM). Shareholders registered on this date will be eligible to attend the meeting and receive any dividend declared by the Board.

The company announced that the AGM will be held on Friday, September 25, 2026 at 3:00 pm through Video Conference (VC) or Other Audio-Visual Means (OAVM). This arrangement complies with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and various circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Meeting Participation and Voting

Members can participate in the AGM via the platform at https://emeetings.kfintech.com using their login credentials. Participation through VC/OAVM will count toward the quorum as per Section 103 of the Companies Act, 2013.

The company has enabled e-voting for all resolutions set out in the AGM notice. Key details regarding voting include:

• Members appearing on the Register of Members or list of Beneficial Owners as on September 18, 2026 are entitled to vote.
• Voting can be done remotely (remote e-voting) or electronically during the meeting (Insta Poll).
• Login credentials and passwords will be emailed to members at their registered email IDs.
• Queries regarding e-voting can be directed to KFin Technologies Limited (R&TA) at evoting@kfintech.com or by calling 040-67162222 / 1800-309-4001.

Annual Report and Document Access

In compliance with regulatory circulars, electronic copies of the Annual Report for FY25-26—including the Board’s Report, Auditors’ Report, and Audited Financial Statements—will be emailed to members with registered email addresses. The documents are also available on:

• The company website: www.enil.co.in
• Stock exchange websites: www.bseindia.com and www.nseindia.com
• KFin Technologies Limited website: https://evoting.kfintech.com

Members without registered email addresses will receive a letter containing the weblink to access the Annual Report, as per Regulation 36(1)(b) of the SEBI Listing Regulations.

Dividend and KYC Compliance

The company reiterated that dividend payments will be made only through electronic modes, in accordance with the SEBI Master Circular dated February 6, 2026. Physical instruments such as dividend warrants, cheques, or demand drafts will not be issued.

To facilitate dividend distribution and ensure compliance with tax regulations, members must:

• Furnish their Permanent Account Number (PAN), contact details, bank account details, and specimen signature for physical folios.
• Submit PAN, KYC, and nomination details to KFin Technologies Limited (for physical shareholders) or their Depository Participants (for demat holders).
• Link PAN with Aadhaar as mandated by SEBI.

Tax at Source (TDS) will be deducted on dividend payments as per the Income Tax Act, 2025. Members are advised to submit necessary documents to determine the applicable TDS rate.

Contact Information

For queries related to dividend, address updates, or bank details, members may contact KFin Technologies Limited at einward.ris@kfintech.com or call 040-67162222 / 1800-309-4001. The notice was issued by Mehul Shah, EVP–Compliance & Company Secretary, on behalf of the Board of Directors.