Sea TV Network Limited has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Harshit Jain, effective March 30, 2026. The company informed the Bombay Stock Exchange of this development on March 21, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The resignation announcement provides comprehensive details about the leadership change:

Official Communication

Jain submitted his resignation letter on March 21, 2026, specifically stating his departure would take effect from the end of business hours on March 30, 2026. In his resignation letter, he confirmed that there are no other material reasons for his resignation beyond the personal reasons cited. The departing CFO expressed gratitude to the Board of Directors and management for their support during his tenure.

Regulatory Compliance Framework

The company has fulfilled all regulatory requirements under SEBI regulations:

Company Response and Succession Planning

Sea TV Network Limited acknowledged Jain's contributions during his service period. The company has initiated the process of appointing a new Chief Financial Officer and stated that details regarding the new CFO appointment will be communicated to the Stock Exchange in due course, ensuring continuity in financial leadership.

Administrative Actions

The company has committed to undertaking all necessary administrative procedures following the resignation. This includes filing required intimations and updates with the Registrar of Companies, Stock Exchanges, and other regulatory authorities, along with removing Jain's name from all statutory records where required.

Sea TV Network Limited has submitted the newspaper publication of its unaudited standalone and consolidated financial results for Q3FY26 to the Bombay Stock Exchange, following regulatory compliance requirements under SEBI Listing Regulations.

Regulatory Compliance Submission

The company formally submitted copies of its Q3FY26 financial results published in newspapers "Hindustan" and "Financial Express" to BSE on February 6, 2026. The submission was made by Company Secretary and Compliance Officer Karishma Jain, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q3FY26 Financial Performance

The company's Q3FY26 results, approved by the Board of Directors on February 5, 2026, showed mixed performance across standalone and consolidated operations. Sea TV Network reported a standalone net loss of ₹61.19 lacs for the quarter ended December 31, 2025, representing a significant improvement from the ₹103.21 lacs loss recorded in the corresponding quarter of the previous year.

Consolidated Results and Auditor Observations

On a consolidated basis, the company reported a significantly higher net loss of ₹378.43 lacs for Q3FY26 compared to ₹26.17 lacs in the corresponding quarter of the previous year. Consolidated revenue from operations increased substantially to ₹480.09 lacs from ₹206.67 lacs.

Doogar & Associates, the company's statutory auditors, issued a qualified review report highlighting non-compliance with Ind AS 109 Financial Instruments. The auditors noted that the company failed to provide interest on unsecured loans amounting to ₹53.26 lacs for the quarter.

Corporate Information

Sea TV Network Limited operates from its registered office at 148, Manas Nagar, Shahganj, Agra-282010, with CIN: L61104UP2004PLC028650. The company maintains a paid-up equity share capital of ₹1,202.00 lacs with a face value of ₹10 per share.