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:

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

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.

Dish TV India Limited has re-appointed Chandra Wadhwa & Co. as its Cost Auditors and S M A M & Co as its Internal Auditor for the financial year 2026-27. The Board of Directors approved these appointments on May 26, 2026, following the recommendation of the Audit Committee. The remuneration for the Cost Auditors is subject to ratification by the shareholders at the ensuing Annual General Meeting.

Chandra Wadhwa & Co., holding Firm Membership No. 000239, has been re-appointed as the Cost Auditors. The firm is described as a leading Cost and Management consulting services firm in India, offering financial advice and personalized services. S M A M & Co, Chartered Accountants (FRN: 028845C), has been re-appointed as the Internal Auditor. The firm provides consulting solutions in areas such as Assurance, Tax and Regulatory, Business Risk services, and Advisory.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 1430 Hrs and concluded at 1630 Hrs on May 26, 2026.

Details of Auditor Appointments