Network18 shareholders approve FY26 financials, director appointments at 31st AGM
- Network18 Media & Investments shareholders approved all four resolutions at its 31st AGM on September 16, 2026
- Audited standalone and consolidated financial statements for FY26 were adopted with 99.98% support
- Directors Adil Zainulbhai and Rahul Joshi were reappointed by rotation with near-unanimous backing
- Cost auditor remuneration for FY27 was ratified with 99.97% votes in favour
- Voting participation stood at approximately 59.95% of outstanding shares
*this image is generated using AI for illustrative purposes only.
Network18 Media & Investments shareholders approved all resolutions at its 31st Annual General Meeting held on September 16, 2026. The company disclosed the final voting results on September 17, 2026, confirming the passage of items related to FY26 financials and director appointments.
The meeting was conducted via Video Conferencing or Other Audio Visual Means. Remote e-voting was available from September 12 to September 15, 2026. Mr. Neelesh Kr. Jain served as the scrutinizer for the voting process. Out of 5,17,343 shareholders on the record date of September 9, 2026, votes were polled from approximately 59.95% of outstanding shares across all resolutions.
Resolutions Passed
Shareholders approved all ordinary business items set out in the notice. Mr. Adil Zainulbhai, Chairman of the Board, presided over the proceedings. Mr. Rahul Joshi, Managing Director, addressed questions from pre-registered members.
| Resolution Type | Details | Votes In Favour (%) | Votes Against (%) |
|---|---|---|---|
| Ordinary | Adoption of audited standalone and consolidated financial statements for FY26 | 99.98% | 0.02% |
| Ordinary | Appointment of Mr. Adil Zainulbhai as a director retiring by rotation | 99.85% | 0.15% |
| Ordinary | Appointment of Mr. Rahul Joshi as a director retiring by rotation | 99.98% | 0.02% |
| Ordinary | Ratification of cost auditor remuneration for FY27 | 99.97% | 0.03% |
The promoter and promoter group held 87,72,58,759 shares and voted in favour of all resolutions. Public institutional investors held 4,68,49,743 shares, while public non-institutional investors held 61,78,91,516 shares. A consolidated report on voting results has been published on the company website and stock exchanges.
Historical Stock Returns for Network18 Media & Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.23% | -2.91% | -9.56% | -23.11% | -52.75% | -59.66% |
How will the confirmed FY26 financial results influence Network18's dividend payout policy and shareholder returns for the upcoming fiscal year?
What specific strategic initiatives are Mr. Adil Zainulbhai and Mr. Rahul Joshi planning to prioritize following their reappointment to the board?
Given the high promoter holding of over 87%, how might this concentration of ownership impact future corporate governance dynamics and minority investor confidence?
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