BAG Films subsidiary News24 Broadcast secretary resigns

Lokesh Gautam has resigned from the position of Company Secretary and Key Managerial Personnel of News24 Broadcast India Limited, a subsidiary of B.A.G. Films and Media Limited , effective from the close of business hours on June 30, 2026. The resignation was submitted to pursue other career opportunities, as per the regulatory filing submitted to the exchanges.

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ajay Mishra, Company Secretary and Compliance Officer of B.A.G. Films and Media Limited, confirmed the development in a communication dated July 1, 2026.

Resignation Details

The resignation letter addressed to the Board of Directors of News24 Broadcast India Limited cited a careful consideration of the career path as the reason for the decision. Gautam expressed gratitude for the opportunity to serve BAG Network under the guidance of the Board and committed to ensuring a smooth transition of duties.

Key Disclosures

The filing provided specific details regarding the cessation of the Key Managerial Personnel role:

Sr. No.	Particulars	Information
1	Reason for change	Resignation (to pursue other carrier opportunities)
2	Date of Cessation	With effect from closing of business hours on June 30, 2026
3	Brief Profile	Not Applicable
4	Disclosure of relationships	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.49%	+0.65%	-7.40%	-26.16%	-37.09%	+28.61%

B.A.G. Films and Media Limited reported a consolidated net profit of ₹504.02 lakh for the financial year ended March 31, 2026. This represents a decrease from the ₹999.03 lakh profit recorded in the previous fiscal year. Revenue from operations for the consolidated entity rose to ₹15,007.19 lakh in FY26, up from ₹13,595.87 lakh in FY25. The board approved the audited standalone and consolidated financial results at its meeting held on May 25, 2026.

On a standalone basis, the company reported a net profit of ₹380.23 lakh for FY26, an increase from ₹108.95 lakh in the prior year. Standalone revenue from operations grew to ₹4,405.25 lakh from ₹3,814.28 lakh in FY25. The financial results were reviewed by the audit committee and are accompanied by audit reports from statutory auditors Joy Mukherjee & Associates, which issued an unmodified opinion.

Segment Performance

The company operates through six identifiable business segments: Audio-Visual Production and Distribution, Leasing, F.M. Radio, Podcast, Television Broadcasting, and Content Syndication. For the consolidated entity, the Television Broadcasting segment was the primary revenue driver, contributing ₹11,226.07 lakh for the year ended March 31, 2026.

Segment	Consolidated Revenue FY26 (₹ in Lakhs)	Consolidated Revenue FY25 (₹ in Lakhs)
Television Broadcasting	11,226.07	11,948.75
Audio-Visual Production and Distribution	1,880.34	446.99
F.M. Radio	483.99	866.82
Television Broadcasting- Content Syndication	910.22	160.29
Leasing	183.21	73.81
F.M. Radio_Podcast	323.36	99.21
Total	15,007.19	13,595.87

Financial Position and Cash Flows

The company's total consolidated assets stood at ₹41,824.78 lakh as of March 31, 2026, compared to ₹39,793.79 lakh in the previous year. Total equity and liabilities increased to ₹41,824.78 lakh from ₹39,793.79 lakh. The cash and cash equivalents at the end of the year were ₹1,350.14 lakh for the consolidated entity, up from ₹1,137.93 lakh at the end of FY25.

During the year, the company issued 9,800,000 equity shares upon the conversion of warrants to a member of the Promoter Group. The total funds received against the allotment of warrants and conversion amounted to ₹1,018.88 lakh, of which the entire amount remained unspent and lying in the bank as of March 31, 2026.