Network18 Media & Investments Limited has announced a significant leadership change with the resignation of Mr. Avinash Kaul, CEO - Broadcast & Publishing and Senior Management Personnel. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The resignation announcement provides specific details about the leadership transition:

Regulatory Compliance

Network18 Media & Investments Limited fulfilled its regulatory obligations by notifying both major stock exchanges about this senior management change. The disclosure was made to the National Stock Exchange of India Limited (Trading Symbol: NETWORK18) and BSE Limited (SCRIP CODE: 532798) on 31st March 2026.

Executive's Statement

In his resignation letter addressed to the Managing Director, Mr. Kaul expressed gratitude for his tenure with the company. He acknowledged the leadership team and colleagues at Network18 for the enriching association and professional support over the years, describing the journey as truly enjoyable. The resignation letter was formally submitted to pursue opportunities outside the current organization.

Company Structure

Network18 Media & Investments Limited operates with its registered office located at First Floor, Empire Complex, 414- Senapati Bapat Marg, Lower Parel, Mumbai-400013. The company maintains its corporate identity with CIN - L65910MH1996PLC280969 and continues its operations in the media and investments sector.

The resignation of a senior management personnel in the broadcast and publishing division represents a notable change in the company's leadership structure, particularly given Mr. Kaul's role overseeing these key business segments.

Network18 Media & Investments Limited has announced that its Board of Directors approved a scheme of amalgamation with News18 Marathi Private Limited, a wholly-owned subsidiary of the company. The decision was made during a board meeting held on March 25, 2026, with the merger structured under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Merger Details and Timeline

The amalgamation scheme involves News18 Marathi Private Limited, formerly known as IBN Lokmat News Private Limited, which operates the company's Marathi news channel. The appointed date for the scheme is set for the opening business hours of April 1, 2026. The primary objective of this merger is to consolidate operations of the Marathi news channel by integrating News18 Marathi's operations directly into the parent company.

Financial Overview

The financial positions of both entities as of March 31, 2025, highlight the scale difference between the parent company and its subsidiary:

Transaction Structure

As this involves the merger of a wholly-owned subsidiary with its parent company, the transaction is classified as a related party transaction conducted at arm's length. No consideration will be paid either in cash or through the issuance of shares, ensuring that there will be no change in the shareholding pattern of Network18 Media & Investments Limited.

Business Operations Context

Network18 Media & Investments operates a diverse portfolio of media assets, including general news channels in Hindi, English, and other regional languages, as well as business news channels in Hindi, English, and Gujarati. The company also maintains a portfolio of digital news websites and magazines. News18 Marathi specifically focuses on Marathi language news broadcasting, serving the regional market.

Regulatory Approvals

The implementation of the amalgamation scheme remains subject to obtaining necessary statutory and regulatory approvals. The board meeting, which addressed this significant corporate restructuring decision, concluded at 5:30 pm on March 25, 2026.