Radaan Mediaworks India Limited has successfully concluded its postal ballot process with all four proposed ordinary resolutions receiving strong shareholder approval. The company announced the voting results through a formal communication to stock exchanges, following the completion of the e-voting period.

Postal Ballot Process and Timeline

The postal ballot was conducted entirely through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL). The voting period commenced on February 20, 2026, at 9:00 AM and concluded on March 21, 2026, at 5:00 PM. The cut-off date for determining eligible shareholders was February 13, 2026, with 25,595 total shareholders on record.

KRA & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process, ensuring compliance with Section 110 read with Section 108 of the Companies Act, 2013, and relevant SEBI regulations.

Resolution Results Overview

All four ordinary resolutions achieved approval rates exceeding 92%, demonstrating strong shareholder confidence in the proposed arrangements:

Shareholder Participation Details

The postal ballot witnessed participation exclusively from public non-institutional shareholders, with no votes recorded from promoter and promoter group or public institutional categories. Out of the company's total shareholding of 54,161,540 shares, 882,759 votes were polled, representing 1.63% of the outstanding shares.

Shareholding Structure

Key Resolutions Approved

The approved resolutions authorize the company to avail unsecured loans and professional services from two key directors. Mrs. R. Radikaa Sarathkumar serves as Chairperson and Managing Director (DIN: 00238371), while Mr. R. Sarathkumar holds the position of Non-Executive Director (DIN: 00238601).

Both directors are identified as interested parties in these resolutions, as they directly relate to financial arrangements and service agreements with the company. The strong approval margins indicate shareholder confidence in these proposed business relationships.

Regulatory Compliance and Documentation

The postal ballot process adhered to all regulatory requirements under the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The scrutinizer's report, dated March 23, 2026, confirmed the validity of the voting process and results.

The company formally communicated the results to BSE Limited and National Stock Exchange of India Limited on March 24, 2026. The voting results and scrutinizer's report have been made available on the company's website at www.radaan.tv , ensuring transparency and accessibility for all stakeholders. The resolutions are deemed passed as of March 21, 2026, the last date of the e-voting period.

Radaan Mediaworks India Limited has reported substantial losses for the quarter ended September 30, 2025, marking a significant deterioration in financial performance compared to the previous year. The media and entertainment company faced operational challenges while simultaneously managing a major property deal cancellation during the reporting period.

Financial Performance Overview

The company's financial results for Q2FY26 showed a stark contrast to the previous year's performance:

The company recorded a net loss of ₹152.59 crores compared to a profit of ₹25.44 crores in the corresponding quarter of the previous year. Total income decreased to ₹291.77 crores from ₹342.12 crores, primarily due to lower revenue from teleserials and digital content.

Major Property Deal Cancellation

A significant development during the quarter was the cancellation of a construction agreement and sale deed for a property project. The details of this cancellation include:

The cancellation was executed in accordance with shareholder approval and legal compliance. The total aggregate Capital Work-In-Progress of ₹1,941.54 crores was recovered, and corresponding loan obligations were settled during the quarter.

Operational Expenses and Challenges

The company's expense structure revealed several pressure points:

• Expenses on teleserials and events: ₹211.35 crores
• Changes in inventories and work-in-progress: ₹108.35 crores
• Employee benefit expenses: ₹34.33 crores
• Finance costs: ₹41.77 crores
• Other expenses: ₹47.89 crores

Total expenditure reached ₹444.87 crores, significantly higher than the total income, resulting in the substantial loss before tax of ₹153.10 crores.

Balance Sheet Position

The company's financial position as of September 30, 2025, shows concerning trends:

The company continues to face a negative net worth situation, with total equity showing a deficit of ₹1,416.14 crores as of September 30, 2025.

Auditor Concerns and Going Concern Issues

The statutory auditors have expressed qualified opinions on both standalone and consolidated financial results. Key concerns include:

• Fully eroded net worth with current liabilities exceeding current assets
• Outstanding statutory dues of ₹343.02 crores as of September 30, 2025
• Material uncertainty regarding the company's ability to continue as a going concern
• Investment in subsidiary Radaan Media Ventures Pte Ltd not tested for impairment as per Ind AS 36

Despite these challenges, the company management has prepared the financial statements on a going concern basis, expressing confidence in meeting obligations through its revival plan.

Subsidiary Operations

The company's wholly-owned subsidiary, Radaan Media Ventures Pte Limited in Singapore, had minimal operational activity during the reporting period. The consolidated and standalone figures remain largely similar due to the subsidiary's dormant status. The company is working on reviving digital segment operations in the subsidiary.

Outlook and Revival Plans

Radaan Mediaworks has indicated that it has initiated necessary revival plans to ensure the company's ability to meet its obligations and sustain business activities. The company operates in a single reportable segment of Media & Entertainment and continues to focus on teleserial production and digital content creation despite current financial constraints.