NDTV extends GoodTimes acquisition timeline by three months

New Delhi Television Ltd (NDTV) has extended the timeline for its proposed acquisition of the GoodTimes Channel business undertaking from Lifestyle & Media Broadcasting Limited. The transaction, initially disclosed on June 18, 2026, is now expected to be completed within a further period of approximately three months as the parties continue to discuss certain transaction-related matters. This delay impacts the anticipated closure date, pushing it to around October 2026, pending the resolution of these discussions.

The consummation of the deal remains subject to the receipt of applicable statutory and regulatory approvals. Furthermore, the transaction is contingent upon the fulfilment of customary conditions precedent agreed upon by New Delhi Television Limited and Lifestyle & Media Broadcasting Limited. The company confirmed that these requirements are still pending.

Transaction Details

Aspect	Details
Target	GoodTimes Channel (Business Undertaking)
Seller	Lifestyle & Media Broadcasting Limited
Buyer	New Delhi Television Limited
Revised Timeline	Approximately 3 months from July 17, 2026
Conditions	Statutory approvals, regulatory clearances, customary conditions precedent

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update was filed by Parinita Bhutani Duggal, Company Secretary and Compliance Officer of New Delhi Television Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.29%	-3.01%	-3.66%	-6.12%	-32.49%	+35.96%

New Delhi Television Limited held its 38th Annual General Meeting on June 26, 2026, through video conferencing, passing all four ordinary resolutions with a requisite majority. The meeting approved the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Senthil Chengalvarayan as Director. Additionally, shareholders ratified the remuneration of cost auditors for FY27. The voting results were scrutinized by M/s. Vishal Arora & Associates, Company Secretaries.

The remote e-voting facility was available from June 23, 2026, to June 25, 2026. A total of 155 shareholders attended the meeting via video conferencing. The votes were unblocked on June 26, 2026, at 01:47 P.M. in the presence of witnesses Mr. Vaisakh Ajith and Mr. Prince Singh. The total shares held as on the cut-off date of June 19, 2026, were 112,824,717.

Summary of Resolutions

Resolution Description	Votes For	Votes Against	% For
Adoption of Audited Standalone Financial Statements FY26	78141994	537	99.99
Adoption of Audited Consolidated Financial Statements FY26	78141994	437	99.99
Re-appointment of Mr. Senthil Chengalvarayan as Director	78106552	35879	99.95
Ratification of Cost Auditors remuneration for FY27	78030677	111754	99.85

Voting Participation

Category	Shares Held	Votes Polled	% Polled
Promoter and Promoter Group	77875267	77875267	100
Public - Institutions	93318	587	0.629
Public - Non-Institutions	34856132	266677	0.765
Total	112824717	78142531	69.26