The Board of Directors of T.V. Today Network Limited , at their meeting held on May 15, 2026, approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The results were audited by S.R. Batliboi & Associates LLP, Chartered Accountants, who issued an unmodified audit opinion on both standalone and consolidated financial statements. The board meeting commenced at 12:00 Noon and concluded at 01:35 P.M. Subsequently, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, the company published the audited financial results in Financial Express (English, all editions) and Jansatta (Hindi, Delhi edition) on May 16, 2026. The full format of the financial results is available on the BSE and NSE websites, as well as on the company's website. The publication was signed off by Kalli Purie Bhandal, Vice-Chairperson & Managing Director, on behalf of the Board of Directors.

Standalone Financial Performance

On a standalone basis, T.V. Today Network 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. Total income, including other income of Rs. 39.98 crores, stood at Rs. 848.68 crores for FY26 against Rs. 1,038.73 crores in FY25. The following table summarises key standalone financial metrics:

Standalone earnings per share (of Rs. 5/- each) from continuing and discontinued operations for FY26 stood at Rs. 2.31 (basic and diluted), compared to Rs. 12.54 (basic and diluted) in FY25. Paid-up equity share capital remained unchanged at Rs. 29.83 crores, with reserves (excluding revaluation reserve) at Rs. 859.38 crores as at March 31, 2026, compared to Rs. 861.71 crores as at March 31, 2025.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiaries Mail Today Newspapers Private Limited, TV Today Network (Business) Limited, Vibgyor Broadcasting Private Limited, and Romesh Films Private Limited, the Group reported a Q4 consolidated net profit of Rs. 9.02 crores against Rs. 6.15 crores in Q4 FY25. Q4 consolidated revenue stood at Rs. 213.47 crores compared to Rs. 249.17 crores in the year-ago period. Notably, Q4 EBITDA margin improved to 2.14% from 1.83% year-on-year, with Q4 EBITDA at Rs. 46M rupees in both periods. The following table presents key consolidated financial metrics:

Consolidated earnings per share (of Rs. 5/- each) from continuing and discontinued operations for FY26 were Rs. 2.40 (basic and diluted), against Rs. 12.49 (basic and diluted) in FY25. Consolidated reserves (excluding revaluation reserve) stood at Rs. 861.03 crores as at March 31, 2026, compared to Rs. 861.38 crores as at March 31, 2025. Total consolidated assets as at March 31, 2026 were Rs. 1,129.16 crores versus Rs. 1,167.55 crores as at March 31, 2025.

Q4 EBITDA Performance

A key highlight of the Q4 consolidated results was the improvement in operating profitability margins. The following table captures the Q4 EBITDA metrics on a year-on-year basis:

Segment Performance

The company operates primarily through its Television and other media operations segment, which constituted the entirety of continuing operations revenue. The Radio broadcasting segment has been classified as discontinued operations. Key segment-wise highlights for FY26 are as follows:

Radio Business Divestiture and Exceptional Items

The company's Radio broadcasting operations continue to be classified as discontinued operations. On November 25, 2025, T.V. Today Network entered into a binding MoU with M/s Abhijit Realtors and Infraventures Private Limited for the sale of its Radio business for a total consideration of Rs. 10 crores. The transaction is structured as a two-step process involving the transfer of the Radio business to Vibgyor Broadcasting Private Limited, a wholly-owned subsidiary, followed by the transfer of Vibgyor's entire shareholding to Abhijit Realtors. The Ministry of Information and Broadcasting granted in-principle approval for the transfer to Vibgyor, and the Grant of Permission Agreement was novated in favour of Vibgyor on January 7, 2026. An impairment loss of Rs. 9.63 crores was recognised during the year ended March 31, 2026 in connection with the Radio business.

Regarding exceptional items, the Government of India on November 21, 2025, notified four Labour Codes consolidating 29 existing labour laws. The company had previously recognised an incremental impact of Rs. 12.18 crores as an exceptional item for the quarter and nine months ended December 31, 2025. Upon completing a detailed assessment in the current quarter following the notification of Central Rules on May 8, 2026, an expense reversal of Rs. 2.72 crores was recorded as an exceptional item due to realignment of compensation structure in accordance with the new labour codes.

Investment in Subsidiary and Other Board Decisions

The Board approved an investment of Rs. 50 lakh in Mail Today Newspapers Private Limited, a wholly-owned subsidiary of the company, by way of subscription to its Rights Issue comprising 5,00,000 equity shares of face value Rs. 10 each at par, to be subscribed in one or more tranches. The primary objective of this investment is to support the subsidiary in meeting its working capital requirements, operational needs, and statutory dues. The process for completion of each tranche of the rights issue is to be completed within a period of 60 days. Post allotment, the company's shareholding in Mail Today Newspapers Private Limited will continue to remain at 100%. The financial details of Mail Today Newspapers Private Limited for FY 2025-26 reflect a turnover of Nil, a loss after tax of Rs. 34,98,462, and a networth of Rs. 2,77,542.

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.