The Board of Directors of T.V. Today Network Limited approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026, at their meeting held on May 15, 2026. The Board also approved an investment of ₹50 lakh in Mail Today Newspapers Private Limited (MTNPL), a wholly-owned subsidiary, by way of subscription to its Rights Issue comprising 5,00,000 equity shares of face value ₹10 each at par. The investment is aimed at supporting the subsidiary's working capital requirements, operational needs, and statutory dues. Each tranche of the Rights Issue is expected to be completed within 60 days, with no governmental or regulatory approvals required.

Standalone Financial Performance

On a standalone basis, the company reported a significant decline in revenue and profitability for FY26 compared to the previous year. Revenue from operations fell to Rs. 808.70 crores in FY26 from Rs. 993.02 crores in FY25, while total income declined to Rs. 848.68 crores from Rs. 1,038.73 crores. However, Q4 FY26 net profit improved to Rs. 9.22 crores from Rs. 6.23 crores in Q4 FY25, aided by lower total expenses. Standalone earnings per share (of Rs. 5/- each) for FY26 stood at Rs. 2.31, compared to Rs. 12.54 in FY25. Paid-up equity share capital remained unchanged at Rs. 29.83 crores.

Consolidated Financial Performance

On a consolidated basis, the Group reported a Q4 net profit of Rs. 9.02 crores against Rs. 6.15 crores in Q4 FY25, reflecting year-on-year improvement at the quarterly level. For the full year, consolidated net profit stood at Rs. 14.35 crores compared to Rs. 74.53 crores in FY25. Consolidated earnings per share (of Rs. 5/- each) for FY26 were Rs. 2.40, against Rs. 12.49 in FY25.

Segment Performance and Exceptional Items

The company operates primarily through its Television and other media operations segment. The Radio broadcasting segment has been classified as discontinued operations following a binding MoU signed with M/s Abhijit Realtors and Infraventures Private Limited for the sale of the Radio business for a total consideration of Rs. 10 crores. The proposed transaction involves a two-step structure: transfer of the Radio business to Vibgyor Broadcasting Private Limited, a wholly-owned subsidiary, followed by transfer of the entire shareholding of Vibgyor to Abhijit Realtors. The Ministry of Information and Broadcasting granted in-principle approval for the transfer, and the Wireless Planning and Coordination Wing approved the migration of the Wireless Operating Licence to Vibgyor on April 2, 2026. An impairment loss of Rs. 9.63 crores was recognised during FY26 in relation to the Radio business.

Regarding exceptional items, an expense reversal of Rs. 2.72 crores was recorded in Q4 FY26 following the completion of a detailed impact assessment of the new labour codes and Central Rules notified on May 8, 2026. This reversal was due to the realignment of compensation structure in accordance with the four Labour Codes notified by the Government of India on November 21, 2025. The Company had earlier recognised an incremental impact of Rs. 12.18 crores under exceptional items for the quarter and nine months ended December 31, 2025 based on a preliminary assessment.

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of Rs. 1,128.33 crores against Rs. 1,168.19 crores in the previous year. Total equity stood at Rs. 889.21 crores, with reserves (excluding revaluation reserve) at Rs. 859.38 crores. On a consolidated basis, total assets were Rs. 1,129.16 crores and total equity was Rs. 890.86 crores. The statutory auditors, S.R. Batliboi & Associates LLP, issued audit reports with unmodified opinions on both the standalone and consolidated annual audited financial results for FY26.

TV Today Network Limited has announced the appointment of Mr. Abhishek Malhotra as Non-Executive Independent Director, effective April 28, 2026. The appointment follows the completion of required regulatory approvals from both shareholders and the Ministry of Information and Broadcasting.

Regulatory Approval Process

The company had initially intimated about the proposed appointment on February 13, 2026, subject to approvals from shareholders and the Ministry of Information & Broadcasting. The shareholders approved the resolution with requisite majority through a postal ballot, with voting results filed on April 1, 2026. The Ministry of Information and Broadcasting subsequently accorded its approval through a letter dated April 28, 2026.

Appointment Details

Professional Background

Mr. Abhishek Malhotra brings extensive legal expertise to the board, with 25 years of experience as an Advocate. He is a member of the Bar Councils of Delhi and California, with primary areas of expertise including:

• Intellectual property
• Commercial dispute resolution
• Technology, media and telecommunications
• Legal risk minimization and liability protection strategies

Mr. Malhotra is recognized as a specialist in broadcasting, music, sports, technology, and space-related legal matters. He has contributed to policy development by providing inputs to governments and think tanks on copyright issues, sports and fantasy gaming, and Digital Health.

Academic and Advisory Roles

In addition to his legal practice, Mr. Malhotra serves as a Principal Advisor to the Broadband India Forum on satellite communication and data protection issues. He holds guest lecturer positions at prestigious institutions including the Indian Institute of Information Technology and the National Law School of India University, NUJS, Kolkata.

Mr. Malhotra regularly speaks at conferences and forums including the National Judicial Academy, US-India Business Council, National Law School, World Intellectual Property Office, Media Nama, FICCI and CII. The company has confirmed that he is not debarred from holding the office of Director by any regulatory authority.