Raj Television Network Limited witnessed a significant share disposal by non-promoter Kiran Kumar Jain M., who sold 4,79,284 equity shares on October 12, 2026. This transaction reduced his stake in the media company from 10.524% to 9.601% of the total voting capital.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The seller, who does not belong to the promoter or promoter group, executed the sale through the open market mechanism. The total equity share capital of the target company remained unchanged at ₹25.96 crore before and after the transaction.

Stake Reduction Details

The filing details the pre- and post-disposal holdings of Kiran Kumar Jain M. Prior to the sale, he held 54,60,831 shares carrying voting rights, representing 10.524% of the company's voting capital. There were no encumbrances, warrants, or convertible securities associated with his holding at that time.

Following the disposal of 4,79,284 shares (0.923% of voting capital), his residual holding stands at 49,81,547 shares, accounting for 9.601% of the total voting capital. The transaction date is recorded as October 12, 2026.

Regulatory and Entity Information

The target company is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. The disclosure identifies Hemaa Kiran Kumar as a person acting in concert with the seller, though she is not listed as a promoter. The PAN for the seller is ACHPM2247E, and for the PAC member, it is AAHPK8099G.

What the Numbers Show

The disposal marks a strategic reduction in stake by a non-promoter entity. By selling exactly 0.923% of the voting capital, Kiran Kumar Jain M. has moved his holding below the 10% threshold, which often triggers different regulatory reporting requirements for substantial shareholders. The consistency of the total voting capital at ₹25.96 crore confirms this was a secondary market transaction involving existing shares, not a dilution event through new issuance.

Raj Television Network Limited completed e-voting for its 32nd Annual General Meeting held on September 30, 2026, with all four resolutions passed with requisite majority and a total voter turnout of 83.88% of outstanding shares.

The AGM, conducted via video conferencing, was attended by 5 promoter and promoter group members and 41 public shareholders. Of the 9,938 shareholders on record as of the cut-off date of September 23, 2026, notices were dispatched to 8,784 shareholders via email on September 4, 2026. Remote e-voting commenced on September 26, 2026 at 9:00 am and closed on September 29, 2026 at 5:00 pm, with the facility also available during the AGM from 11:00 am to 11:45 am. The e-voting platform was provided by Central Depository Services Limited (CDSL) under E-Voting Event Number 260902092.

AGM attendance and shareholder base

The paid-up equity share capital of the company as on the cut-off date comprised 5,19,13,344 equity shares of ₹5 each. Voting rights were frozen on 464 equity shares lying in the Raj Television Network Limited Unclaimed Suspense Account and on 536,892 shares transferred to the demat account of the Investor Education and Protection Fund Authority. No voting rights were exercised in respect of these frozen shares.

Voting results for all four resolutions

All three ordinary resolutions and one special resolution were passed with requisite majority. No invalid votes were recorded across any of the four resolutions. The consolidated voting data, as verified by scrutinizer Raja & Associates, Company Secretaries, is presented below.

Category-wise voting breakdown

The promoter and promoter group, holding 36,839,908 shares, cast 100% of their votes in favour across all four resolutions. Public institutional shareholders, holding 10,500 shares, did not exercise any voting rights. Public non-institutional shareholders, holding 15,062,936 shares, polled 6,702,867 votes, representing 44.5% of their holdings, with 99.97% in favour and 0.03% against on each resolution.

Meeting proceedings

Mr. M Raajhendhran, Chairman and Managing Director, briefed members on the company's performance and future endeavors during FY26. The meeting commenced at 11:00 am and concluded at 11:45 am, including 15 minutes allocated for the e-voting process. The consolidated Scrutinizer's Report was submitted by Raja & Associates on October 1, 2026 and countersigned by Priyanka Mudaliyar, Company Secretary and Compliance Officer, before being disseminated to the stock exchanges.