DEN Networks reported a consolidated net profit of ₹365 million for the second quarter, marking an increase from ₹351.6 million in the corresponding period last year.

Despite the bottom-line growth, the company witnessed a contraction in its topline. Revenue stood at ₹2.33 billion in Q2, down from ₹2.41 billion recorded in the same quarter of the previous fiscal year. This decline in revenue was accompanied by a significant compression in operating margins.

Earnings Performance

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell sharply to ₹100 million from ₹190 million year-on-year. Consequently, the EBITDA margin contracted to 4.30% from 7.86% in the prior comparable period.

What the Numbers Show

A notable divergence exists between the operational metrics and the bottom line. While revenue decreased and EBITDA halved, the net profit increased by ₹13.4 million. This indicates that the growth in net profit was not driven by core operational expansion or improved operating efficiency, but rather by factors outside of EBITDA, such as other income, tax benefits, or exceptional items not detailed in the summary data.

Investor Presentation Filed

On October 13, 2026, DEN Networks Limited filed its investors' presentation with BSE and NSE regarding unaudited financial results for the quarter ended September 30, 2026. The filing was signed by Hema Kumari, Company Secretary & Compliance Officer.

DEN Networks passed all resolutions at its nineteenth annual general meeting held on September 2, 2026. While promoters supported every item with 100% votes, public institutional investors voted against the reappointment of director Mr. Anuj Jain.

The meeting concluded at 1:10 pm Indian Standard Time. Mr. Sameer Manchanda, Chairman and Non-Executive Director, presided over the proceedings via video conferencing. The company disclosed that the requisite quorum was present throughout.

Governance and Attendance

All directors attended except Ms. Naina Krishna Murthy and Ms. Geeta Fulwadaya. Representatives from statutory auditors and secretarial auditors were present. Mr. Neelesh Kumar Jain served as the scrutinizer for electronic voting.

Remote e-voting ran from August 29 to September 1, 2026. A total of 1,49,649 shareholders were on record as of August 26, 2026. Only 10 promoters and 198 public shareholders attended the virtual meeting.

Voting Results Overview

Shareholders approved all ordinary and special business items. The total votes polled represented 75.14% to 75.16% of outstanding shares across different resolutions. Promoters held 357,437,152 shares and voted uniformly in favour of all proposals.

Key Divergences in Voting

The most notable divergence occurred during Resolution 2, concerning the appointment of Mr. Anuj Jain as a director retiring by rotation. While promoters voted entirely in favour, public institutional investors voted against the resolution by 82.11%. Specifically, out of 453,889 votes polled by public institutions, only 81,205 were in favour, while 372,684 were against.

Public non-institutional shareholders largely supported the appointment, voting in favour by 98.92%. The resolution ultimately passed due to the overwhelming promoter support.

For the adoption of consolidated financial statements (Resolution 1b), public institutions showed some dissent, with 17.20% of their polled votes (78,066 votes) cast against the resolution. However, this did not affect the outcome, as the resolution received 99.97% overall support.

Other Resolutions

The approval of material related-party transactions (Resolution 4) saw no participation from promoters, who abstained from voting as per regulatory norms. Public institutions voted unanimously in favour, while public non-institutions supported it by 95.60%.

The company will upload detailed voting results on its website and that of KFin Technologies Limited, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.