New delhi television (ndtv) has informed stock exchanges about the progress of its acquisition of the GoodTimes Channel business undertaking, providing an updated timeline for the completion of this strategic transaction.

Transaction Progress Update

In a regulatory filing dated March 20, 2026, New Delhi Television Limited disclosed that the proposed acquisition of the business undertaking comprising the GoodTimes Channel from Lifestyle & Media Broadcasting Limited is currently underway. The company has revised its completion timeline, stating that the transaction is now expected to be completed within approximately 3 months.

Previous Disclosures and Timeline

This update serves as a continuation of the company's previous communications regarding the acquisition. NDTV had earlier made disclosures about this proposed transaction on September 19, 2025, and December 18, 2025, keeping stakeholders informed about the progress of this strategic initiative.

Regulatory and Statutory Requirements

The completion of the proposed transaction remains contingent upon several key factors:

• Receipt of applicable statutory approvals
• Obtaining necessary regulatory clearances
• Fulfillment of customary conditions precedent

The company emphasized that these requirements must be satisfied before the transaction can be finalized, which is standard practice for such acquisitions in the media and broadcasting sector.

Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with its stakeholders. The filing was signed by Parinita Bhutani Duggal, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed.

This acquisition represents part of NDTV's strategic expansion in the media and broadcasting space, though the company has maintained a factual approach in its communications, focusing on procedural updates rather than strategic commentary about the deal's implications.

New Delhi Television (NDTV) has issued a comprehensive postal ballot notice dated January 28, 2026, seeking shareholder approval for three critical resolutions that will shape the company's operations for the upcoming financial year. The notice, filed with BSE Limited and National Stock Exchange of India Limited on February 25, 2026, outlines key corporate governance matters requiring member consent.

Director Re-appointment Proposal

The primary resolution involves the re-appointment of Mr. Sanjay Pugalia (DIN: 08360398) as Whole-time Director of the company. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has proposed his re-appointment for a period of three consecutive years.

Mr. Pugalia brings extensive experience in digital, television, and print media, having launched and headed CNBC Awaaz for 12 years. His background includes setting up Star News in Hindi, heading Zee News, and being part of the founding team of AajTak. The proposed remuneration structure includes salary, perquisites, allowances, and additional benefits such as provident fund contributions and business-related expense reimbursements.

Material Related Party Transactions

The company seeks approval for two significant related party transaction proposals for the financial year 2026-27, both exceeding the materiality threshold of Rs. 46.50 crores (10% of annual consolidated turnover).

NDTV Convergence Limited Transactions

The first proposal involves transactions with NDTV Convergence Limited, a material subsidiary where NDTV holds 95.40% shareholding.

These transactions encompass rendering and availing of services including advertisement services, support services, marketing, travel, royalty, personnel resources, and inter-corporate loans. The company has renewed and enhanced an inter-corporate loan from Rs. 110 crores to Rs. 150 crores for FY 2026-27.

Adani Enterprises Limited Transactions

The second proposal covers transactions with Adani Enterprises Limited, the ultimate holding company of NDTV.

These transactions include inter-corporate loans, interest expenses, common cost allocation of corporate services, and other business-related services. The company has availed an inter-corporate loan of Rs. 300 crores from AEL, which is being renewed for FY 2026-27.

Voting Process and Timeline

The postal ballot process will be conducted exclusively through remote e-voting, in compliance with MCA circulars and SEBI regulations.

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date are entitled to vote. The company has engaged National Securities Depository Limited (NSDL) as the authorized agency for facilitating the remote e-voting process.

Financial Context

The company's recent financial performance provides context for these proposals. For FY 2024-25, NDTV reported revenue from operations of Rs. 261.72 crores but incurred a loss of Rs. 199.79 crores, primarily due to substantial increases in expenses related to strategic expansion initiatives and infrastructure upgrades.

The Audit Committee, comprising independent directors, reviewed and approved these transactions on January 28, 2026, confirming they are conducted at arm's length and in the ordinary course of business. The Board of Directors subsequently recommended these proposals for shareholder approval through ordinary and special resolutions as applicable.