Pritish Nandy Communications Limited has reached a settlement agreement in its litigation dispute with Sanjay Gupta, Proprietor of White Feather Films, with the Bombay High Court disposing of the commercial appeal on April 21, 2026. The settlement brings closure to a prolonged legal dispute and is expected to positively impact the company's financial position.

Settlement Details and Court Order

The Honorable High Court of Judicature at Bombay accepted the consent terms signed by both parties and issued an order accordingly on April 21, 2026, which was uploaded on April 23, 2026 at 11.35 am. The court disposed of Commercial Appeal (Lodging) No.9838 of 2026 in terms of the consent settlement executed and filed by both parties.

Financial Terms of Settlement

Under the settlement agreement, Pritish Nandy Communications will receive a lump sum net amount of Rs 2.55 crore within 60 days as per the consent terms, against the original claim of Rs 3.52 crore plus interest. The settlement represents a recovery of approximately 72% of the original decretal amount.

Regulatory Compliance and Disclosure

The company has made the disclosure pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary and Compliance Officer Priyanka Shah signed the regulatory filing on behalf of Pritish Nandy Communications Limited.

Impact on Company Operations

The settlement is expected to have a positive impact on the financial position of the company to the extent of the settled amount, with no material adverse impact on its operations or other activities. The agreement includes a provision that if the appellant fails to pay the settled amount as per the consent terms, the original litigation will continue. The company noted that there were no violations or contraventions committed or alleged to be committed by either party in the dispute.

Pritish Nandy Communications has successfully concluded its postal ballot process for the re-appointment of Independent Directors, with shareholders demonstrating overwhelming confidence in the company's leadership. The media and entertainment company filed the official outcome with stock exchanges on April 17, 2026, confirming the passage of both special resolutions with requisite majority.

Postal Ballot Results Overview

The company sought shareholder approval for two special resolutions through the postal ballot process conducted entirely via remote e-voting. Both resolutions pertained to the re-appointment of Independent Directors for second consecutive terms.

Voting Process and Timeline

The remote e-voting process commenced on Tuesday, March 17, 2026 at 9:00 AM IST and concluded on Thursday, April 16, 2026 at 5:00 PM IST. The voting was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations.

Detailed Voting Results

Both resolutions received exceptional shareholder support, with approval rates exceeding 99% for each appointment, demonstrating strong confidence in the proposed leadership structure.

Resolution 1 - Mr. Sunil Kumar Alagh

Resolution 2 - Mr. Karan Ravi Ahluwalia

Scrutinizer's Report and Compliance

Mr. Vinayak N. Deodhar of V. N. Deodhar & Co., Practicing Company Secretaries, served as the appointed Scrutinizer for the postal ballot process. The scrutinizer's report, dated April 16, 2026, confirmed that both resolutions were passed with the requisite majority as per regulatory requirements.

The voting process was conducted in the presence of two independent witnesses - CA. Hrushikesh V. Deodhar and Mr. Santosh M. Kelkar, ensuring transparency and compliance with statutory requirements.

Regulatory Compliance and Documentation

Pritish Nandy Communications has fulfilled its obligations under Regulations 30 and 44 of the SEBI Listing Regulations by submitting the voting results and scrutinizer's report to both BSE and NSE. Company Secretary & Compliance Officer Priyanka Shah signed the official communication to the exchanges.

The voting results and scrutinizer report have been uploaded on the company's official website at www.pritishnandycom.com , ensuring transparency for all stakeholders. The successful completion ensures continuity in the company's independent directorship structure, with both directors set to serve until April 5, 2031.