Sambhaav Media Limited has successfully completed its postal ballot process on March 3, 2026, with shareholders demonstrating strong support for key corporate governance decisions. The company announced the voting results and scrutinizer report in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Details

The postal ballot process was conducted with a cut-off date of January 23, 2026, for determining eligible shareholders. The company had 28325 total shareholders registered as of the cut-off date. The e-voting period commenced on February 1, 2026, at 9:00 AM and concluded on March 2, 2026, at 5:00 PM through the NSDL e-voting platform.

Resolution Results

Special Resolution - Managing Director Re-appointment

The first resolution concerning the re-appointment of Mr. Manoj Vadodaria (DIN: 00092053) as Managing Director received exceptional shareholder support. Out of the total outstanding shares of 191110840, public non-institutional shareholders actively participated in the voting process.

Ordinary Resolution - Related Party Transactions

The second resolution for approving material related party transactions for Financial Year 2026-27 also secured overwhelming shareholder approval. This resolution demonstrated even stronger support with minimal opposition votes.

Scrutinizer Oversight

Umesh Ved of Umesh Ved & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the e-voting data was downloaded from NSDL's platform after the voting module was disabled on March 2, 2026. The votes were unblocked at 5:10 PM on March 2, 2026, in the presence of two independent witnesses - Ms. Khushi Sureja and Mr. Vijay Prajapati.

The scrutinizer verified that no invalid votes were recorded for either resolution, and no shareholders abstained from voting. The electronic data and all relevant records relating to the remote e-voting process remain under the scrutinizer's custody and will be handed over to the authorized Chairman.

Regulatory Compliance

The company fulfilled all regulatory requirements by dispatching the postal ballot notice on January 30, 2026, and publishing newspaper advertisements in Business Standard (English edition) and LokSatta Jansatta (Gujarati edition) on January 31, 2026. The voting results and scrutinizer's report have been made available on the company's website at www.sambhaav.com and submitted to BSE Limited and National Stock Exchange of India Limited for record purposes.

Sambhaav Media Limited announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025, showcasing steady operational performance across its media and technology business segments. The company's Board of Directors approved these results at their meeting held on January 27, 2026.

Financial Performance Overview

The company demonstrated resilient performance in Q3FY26 with revenue from operations reaching ₹1,018.49 lakhs, compared to ₹1,014.01 lakhs in the corresponding quarter of the previous year. Total income for the quarter stood at ₹1,050.20 lakhs, including other income of ₹31.71 lakhs.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹2,733.60 lakhs compared to ₹2,766.52 lakhs in the corresponding period of the previous year. Net profit from continuing operations for the nine-month period was ₹37.48 lakhs against ₹128.13 lakhs in the previous year.

Strategic Investment and Corporate Development

During the quarter, Sambhaav Media executed a significant strategic move by converting its existing preference shares and compulsory convertible debentures worth ₹1,675.00 lakhs into equity shares of Gujarat News Broadcaster Private Limited (GNBPL). This conversion resulted in the company acquiring an additional 21.93% equity stake, increasing its overall shareholding in GNBPL to 36.85%, thereby making GNBPL an associate company.

Segment Performance

The company operates through two primary business segments: Media and Allied Business, and Technology and Allied Business. For Q3FY26, the Media and Allied Business segment generated revenue of ₹896.26 lakhs, while the Technology and Allied Business segment contributed ₹122.23 lakhs to standalone operations.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹1,128.58 lakhs for Q3FY26, compared to ₹1,117.25 lakhs in the previous year. Consolidated net profit from continuing operations was ₹21.59 lakhs for the quarter.

Regulatory and Compliance Matters

The company continues to address ongoing income tax assessment proceedings for assessment years 2018-19, 2021-22, and 2022-23, following a search operation conducted by the Income Tax Department in September 2021. The company has filed necessary responses and appeals against the notices received. The statutory auditors have issued an emphasis of matter in their review report highlighting this ongoing matter.