Dish TV Corporate Head-Broadcasting resigns effective May 31, 2026

Dish TV India Limited announced that Mr. Ravi Bhushan Puri has resigned from his position as Corporate Head-Broadcasting. The resignation is effective from the close of business on May 31, 2026, as he intends to retire from his professional commitments.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited on May 29, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Puri was part of the senior management of the company.

In his resignation letter, Mr. Puri confirmed that there are no other reasons for his decision apart from retirement. He expressed gratitude for the support and opportunities provided during his tenure at the organization.

Details of Cessation

The following table outlines the specifics regarding the change in senior management:

S. No	Change in Senior Management	Information of such event(s)
1	Reason for change	Mr. Ravi Bhushan Puri, Corporate Head-Broadcasting has tendered his resignation from the position and will cease to be a part of Senior Management of the Company with effect from close of day of May 31, 2026.
2	Date of cessation	May 31, 2026
3	Brief profile	N.A.
4	Disclosure of relationships	N.A.

The company has requested the exchanges to take the disclosure on record. The filing was signed by Mr. Ranjit Singh, Company Secretary & Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.18%	-7.03%	-20.42%	-25.85%	-48.39%	-80.94%

Dish TV India Limited reported a consolidated net loss of ₹8,074 million for the financial year ended March 31, 2026, compared to a loss of ₹4,877 million in the previous year. Operating revenues for the year declined 25.84% to ₹11,626 million from ₹15,676 million in FY25. For the quarter ended March 31, 2026, the net loss narrowed to ₹3,039 million from ₹4,022 million in the corresponding period of the previous year, while operating revenues fell 29.27% to ₹2,431 million.

The Board of Directors approved the audited consolidated financial results for the fourth quarter and financial year ended March 31, 2026, during a meeting held on May 26, 2026. S.N. Dhawan & Co. LLP, Chartered Accountants, issued an unmodified opinion on the annual standalone and consolidated audited financial results. Manoj Dobhal, CEO & Whole time Director, stated that the company is making strategic progress through the expansion of its VZY Smart TV portfolio and consumer-focused initiatives, with sales crossing the ₹100 crore milestone during the year.

Financial Performance Overview

Dish TV's financial performance was impacted by exceptional items and macroeconomic factors. The company recorded exceptional items of ₹1,435 million for the full year, compared to ₹3,354 million in the previous year. Subscription revenues for FY26 stood at ₹8,863 million, a decrease of 35.64% from ₹13,771 million in FY25. The following table summarises the key financial metrics for the year:

Metric (₹ million):	Year ended 31 March 2026	Year ended 31 March 2025	% Change Y-o-Y
Subscription Revenues:	8,863	13,771	(35.64)
Operating Revenues:	11,626	15,676	(25.84)
Total Expenses:	11,695	10,385	12.61
Profit/(Loss) for the period:	(8,074)	(4,877)	-

The quarterly performance further illustrates the ongoing revenue pressure faced by the company:

Metric:	Q4 FY26	Q4 FY25
Net Loss:	₹3,039 million	₹4,022 million
Revenue:	₹2,431 million	₹3,437 million

Operational Highlights and Outlook

The company continues to face challenges from intensifying competition, evolving consumer preferences, and inflationary pressures. Strategic initiatives include the expansion of the VZY Smart TV portfolio and a focus on building a hybrid entertainment ecosystem spanning DTH, OTT aggregation, and connected devices. Dish TV successfully concluded Content India 2026 in partnership with C21Media, engaging with over 700 delegates from the global media industry.

The filing disclosed significant regulatory and legal contingencies. The company is involved in a dispute with the Ministry of Information and Broadcasting regarding DTH license fees. Despite a demand of ₹72,027.3 million, the company is carrying a provision of ₹48,655.8 million as of March 31, 2026, pending the outcome of various court cases and audits. Additionally, the Board currently has three members, which is below the minimum required level of six directors as stipulated under SEBI Listing Regulations, and steps are being taken to induct new members.