Pritish Nandy Communications Limited shareholders have overwhelmingly approved a strategic rebranding, voting to change the company's name to PNC Media and Entertainment Limited. The decision, finalized on August 5, 2026, signals a shift in the firm's identity as it seeks to better reflect its core operations in media and entertainment. With 99.98% of valid votes cast in favor, the resolution underscores strong investor confidence in the company’s future direction under the new moniker.

The vote was conducted via remote e-voting as part of a postal ballot process initiated under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting window opened on July 7, 2026, and closed on August 5, 2026. Vinayak N Deodhar of V. N. Deodhar & Co., Practicing Company Secretaries, served as the scrutinizer for the process, ensuring compliance with Section 108 and 110 of the Companies (Management and Administration) Rules, 2014.

Voting Breakdown

The postal ballot sought approval for three special resolutions: the name change itself, the alteration of Name Clause I of the Memorandum of Association, and the substitution of the company name in the Articles of Association. All three resolutions were passed with identical voting patterns.

Promoter and Promoter Group entities, holding 8,639,141 shares, voted unanimously in favor via postal ballot. Public non-institutional investors, who held 5,827,759 shares, participated actively with 1,034,062 votes polled; of these, 1,032,377 were in favor and 1,685 against. No public institutional investors cast votes.

Corporate Governance and Next Steps

The high level of participation among promoters, combined with near-unanimous support from participating public shareholders, validates the Board’s strategy for rebranding. The scrutinizer’s report, dated August 5, 2026, confirmed that all resolutions were passed with the requisite majority. The results have been filed with the Bombay Stock Exchange and the National Stock Exchange, where the company trades under the symbol PNC.

Following this approval, Pritish Nandy Communications Limited will proceed with the administrative formalities required to legally adopt the name PNC Media and Entertainment Limited. This includes updating statutory records and notifying regulatory bodies. The rebranding aims to align the company’s public identity more closely with its media-centric business model, potentially enhancing brand recognition in its primary sector.

Pritish Nandy Communications Limited has approved its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1FY26). The Board of Directors also noted the cessation of Mr Raghu Ravunni Palat as a Non-Executive Independent Director following the completion of his second consecutive five-year term on August 8, 2026.

The board meeting commenced at 3.00 PM and concluded at 5.00 PM on August 3, 2026. In compliance with Regulation 30 read with Schedule III and Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the company submitted the outcome to the Bombay Stock Exchange and the National Stock Exchange. The statutory auditors issued limited review reports on the financial results for the period.

Key Board Decisions

The primary agenda items included the approval of financial statements and the administrative note regarding the director's tenure. The board placed on record its appreciation for Mr Palat’s guidance and contributions during his decade-long association with the company. He was originally appointed on August 9, 2016, for a five-year term and was subsequently re-appointed for a second consecutive term.

Regulatory Disclosures

Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company disclosed the reason for the change in directorship as the completion of the term. Mr Palat ceased to be a director effective August 8, 2026. The disclosure was enclosed as Annexure A in the submission to the exchanges.

Priyanka Shah, Company Secretary and Compliance Officer, signed the communication on behalf of the company. The filing confirms that all procedural requirements under the SEBI Listing Regulations have been met for the quarter.