New Delhi Television terminates Chief Legal Officer

New Delhi Television Limited has terminated the services of Mr. Nikhil Guliani, Chief Legal and Regulatory Officer, effective May 29, 2026. The cessation of service occurred upon separation, as disclosed in a regulatory filing submitted to the exchanges. The company informed BSE Limited and the National Stock Exchange of India Limited about the change in senior management personnel pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made in compliance with SEBI circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing detailed the reason for the change as the termination and cessation of service upon separation. The specific date of cessation was recorded as May 29, 2026. The term of appointment was noted as not applicable in the provided annexure.

Details of Change in Senior Management

The following table outlines the key details regarding the change in personnel:

S. No.	Details of event(s)	Information of such events(s)
1.	Name of Senior Management Personnel	Mr. Nikhil Guliani, Chief Legal and Regulatory Officer
2.	Reason for change	Termination and cessation of service upon separation
3.	Date of cessation & term of appointment	Date of Cessation: May 29, 2026 Term of appointment: Not applicable
4.	Brief profile	Not Applicable
5.	Disclosure of relationships between Directors	Not Applicable

The communication was signed by Parinita Bhutani Duggal, Company Secretary and Compliance Officer, on behalf of new delhi television (ndtv) .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.78%	-4.82%	+5.02%	-1.61%	-36.04%	+47.80%

New Delhi Television Limited has scheduled its 38th Annual General Meeting (AGM) for Friday, June 26, 2026, at 12:30 PM IST through Video Conferencing and Other Audio Visual Means. The company disclosed the remote e-voting schedule, which commences on June 23, 2026, at 9:30 AM and concludes on June 25, 2026, at 5:00 PM. The cut-off date for determining shareholder eligibility is June 19, 2026. Parinita Bhutani Duggal, Company Secretary and Compliance Officer, signed the communication to the exchanges on May 30, 2026.

Financial Performance

The company reported its audited financial results for FY 2025-26. On a standalone basis, revenue from operations increased 21% to ₹3,408.86 million from ₹2,806.53 million in the previous year. Total expenses rose 29% to ₹6,586.54 million. The standalone net loss for the year stood at ₹3,105.91 million. On a consolidated basis, the group recorded strong top-line growth, with key financial highlights presented below:

Metric	FY 2025-26	FY 2024-25	Change
Consolidated Revenue	₹528.29 crore	—	+13.60% (Y-o-Y)
Standalone Revenue from Operations	₹3,408.86 million	₹2,806.53 million	+21%
Standalone Total Expenses	₹6,586.54 million	₹5,102.57 million	+29%
Standalone Net Loss	₹3,105.91 million	₹2,221.44 million	—
Consolidated Revenue from Operations	₹5,282.88 million	₹4,650.31 million	—
Consolidated Net Loss	₹3,231.62 million	₹2,180.23 million	—
Basic EPS (Standalone)	₹(35.49)	₹(34.46)	—
Basic EPS (Consolidated)	₹(36.86)	₹(33.52)	—

The Board has decided not to recommend any dividend for FY 2025-26. The closing balance of retained earnings stood at ₹(9,835.29) million.

Rights Issue and Capital Structure

During the year, NDTV successfully completed a Rights Issue, raising ₹396.50 crore at ₹82 per share (entitlement ratio of 3:4). The issue was oversubscribed 1.11 times. Proceeds were deployed as follows:

Utilisation	Amount
Debt Repayment	₹229 crore
Strategic Initiatives	₹71 crore
General Corporate Purposes	₹96.50 crore

Consequent to the allotment of 4,83,53,450 equity shares, the paid-up share capital increased from ₹257.89 million to ₹451.30 million. The debt reduction lowered annual interest costs from over ₹21 crore to under ₹2 crore. Promoter shareholding increased from 64.71% to 69.02%, with public shareholding at 30.98%.

Operational and Broadcast Highlights

The company delivered strong editorial and audience performance across its channel portfolio during FY 2025-26:

Channel	Key Performance Metric
NDTV 24x7	No. 1 English news channel with 33.40% share among affluent viewers
NDTV India	Highest-ever market share of 6%
NDTV Profit	51% market share; ranked No. 1 in the business news genre
NDTV Rajasthan	24% market share; among Top 3 channels in the genre
NDTV MPCG	15% market share; ranked among top 4 in the genre
NDTV Marathi	Ranked 6th within one year of launch

NDTV's digital ecosystem continued to scale, with 45 million lifetime YouTube subscribers across all NDTV Group channels, 102 million combined followers across social media platforms, and 40 billion video views across online platforms. NDTV.com recorded 508 million unique visitors, while NDTV India's website recorded 234 million unique visitors.

Strategic Developments

During the year, the Board approved the Scheme of Amalgamation of four wholly-owned subsidiaries — NDTV Media Limited, NDTV Networks Limited, NDTV Labs Limited, and NDTV Worldwide Limited — with the company. The scheme became effective from October 1, 2025. The Board also approved the acquisition of the business undertaking comprising the "GoodTimes" Channel from Lifestyle & Media Broadcasting Limited by way of slump sale, for a consideration of up to ₹18 crore on a cash-free, debt-free basis.

Key Managerial Changes

During the year, Mr. Rahul Kanwal was appointed as Chief Executive Officer with effect from May 26, 2025. Mr. Akhil Kumar Gupta was appointed as Chief Financial Officer effective December 1, 2025, following the cessation of Mr. Anup Dutta as CFO on November 30, 2025. Mr. Sanjay Pugalia was re-appointed as Whole-time Director for a further term of three years with effect from April 1, 2026.