Next Mediaworks Limited has submitted its quarterly certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, confirming compliance with depositories and participants regulations. The certificate was filed with stock exchanges on April 8, 2026.

Regulatory Compliance Certificate

The certificate, issued by KFin Technologies Limited, the company's Registrar & Share Transfer Agent, confirms that no requests for dematerialization of shares were received during the specified quarter. This quarterly filing is mandatory under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Filing Details and Recipients

Company Secretary Sonali Manchanda submitted the certificate to multiple regulatory bodies and stock exchanges. The filing was addressed to BSE Limited and National Stock Exchange of India Limited, with copies sent to the depositories.

Stock Exchange Information:

• BSE Scrip Code: 532416
• NSE Trading Symbol: NEXTMEDIA

Recipients of the Certificate:

• BSE Limited, Dalal Street, Mumbai
• National Stock Exchange of India Limited, Bandra-Kurla Complex, Mumbai
• National Securities Depository Limited, Lower Parel, Mumbai
• Central Depository Services (India) Limited, Lower Parel, Mumbai

Registrar Confirmation

KFin Technologies Limited, serving as the Registrar & Share Transfer Agent, confirmed in their certificate dated April 7, 2026, that no dematerialization requests were received during the quarter. The certificate was signed by D Suresh Babu, Sr. Manager at KFin Technologies Limited.

The company maintains its registered office at Unit 701 A, 7th Floor, Tower-2, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, while its corporate office is located in New Delhi. This quarterly filing demonstrates Next Mediaworks Limited's adherence to SEBI's regulatory requirements for listed companies.

Next Mediaworks Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued operational challenges. The company reported a net loss of ₹103 lacs for Q3FY26, marking a slight increase from the ₹97 lacs loss recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial performance for the quarter reflects ongoing difficulties, with total income limited to ₹17 lacs from other income sources, while revenue from operations remained nil. This represents a significant decline from the ₹43 lacs in other income recorded during Q3FY25.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Next Mediaworks recorded a net loss of ₹335 lacs, showing improvement compared to the ₹359 lacs loss in the corresponding period of FY25. Total income for the nine-month period stood at ₹17 lacs, significantly lower than the ₹44 lacs recorded in the previous year.

Expense Structure and EBITDA

The company's expense structure for Q3FY26 was dominated by finance costs of ₹114 lacs, compared to ₹112 lacs in Q3FY25. Other expenses totaled ₹6 lacs, while employee benefit expenses were nil during the quarter. The company reported positive EBITDA of ₹11 lacs for Q3FY26, compared to ₹15 lacs in Q3FY25.

Going Concern Assessment

A critical development in the results is the company's assessment regarding its going concern status. As of December 31, 2025, Next Mediaworks has significant accumulated losses and fully eroded net worth, primarily due to finance costs on inter-corporate borrowing from Next Radio Limited. The management has determined that the going concern assumption is no longer appropriate, and accordingly, the financial results have been prepared on a non-going concern basis.

The company's auditors, S.R. Batliboi & Associates LLP, have included an emphasis of matter in their review report highlighting this assessment. The company does not have any business operations, operating cash flows, or definitive business plans, making its ability to settle inter-corporate borrowing uncertain. This borrowing is contractually due for repayment in August 2027.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 23, 2026. The company maintains a paid-up equity share capital of ₹6,689 lacs with a face value of ₹10 per share. Next Mediaworks is no longer required to prepare consolidated financials as per Ind AS 110 effective February 7, 2025.