Raj TV Network has announced that its Board of Directors will convene on February 11, 2026, to consider and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting notification was issued on February 5, 2026, in accordance with regulatory requirements.

Board Meeting Details

The formal announcement was made to both BSE Limited and the National Stock Exchange of India Limited, fulfilling obligations under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will specifically focus on reviewing and approving the financial performance for the quarter ended December 31, 2025.

Trading Window Restrictions

The company has maintained its trading window closure that began on January 1, 2026. This restriction applies to all promoters, directors, key managerial personnel, employees, designated persons, and their immediate relatives. The trading window will remain closed until 48 hours after the official declaration of the quarterly financial results.

This measure ensures compliance with insider trading regulations and maintains market integrity during the period leading up to and immediately following the results announcement. The initial intimation regarding the trading window closure was communicated to the exchanges on December 29, 2025.

Regulatory Compliance

The announcement demonstrates the company's adherence to prescribed disclosure norms under SEBI regulations. Company Secretary and Compliance Officer Priyanka Mudaliyar signed the official communication, which was digitally authenticated on February 5, 2026, at 15:00:40 hours.

The formal notification to both major Indian stock exchanges ensures that all stakeholders, including investors and market participants, are adequately informed about the upcoming board meeting and its agenda. This transparency is essential for maintaining investor confidence and regulatory compliance in the Indian capital markets.

Raj TV Network has received a significant credit rating downgrade from India Ratings and Research, with its bank loan facilities rating cut to 'IND D' from 'IND BB'. The downgrade, announced on January 23, 2026, reflects the company's delays in debt servicing during November 2025 due to liquidity constraints.

Rating Downgrade Details

The downgrade affects the company's bank loan facilities worth INR 222 million and is consistent with India Ratings' Default Recognition and Post-Default Curing Period Policy. The rating action specifically targets both long-term and short-term bank loan facilities.

Bank-wise Facility Breakdown

The downgraded facilities are concentrated with Canara Bank and include both working capital and term loan components:

Financial Performance Indicators

The company's recent financial performance shows deteriorating trends, with negative EBITDA in FY25 compared to positive EBITDA in the previous year:

Rating Outlook and Recovery Prospects

India Ratings has indicated that timely debt servicing for at least three consecutive months could result in a positive rating action. The agency has assessed the company's liquidity position as poor, reflecting its inability to service debt obligations on a timely basis.

Company Background

Raj Television Network Limited, incorporated in 1994, operates as a television satellite broadcaster in southern India. The company runs 13 TV channels, one OTT channel, and one digital channel across five languages. Prior to incorporation, the promoters were engaged in movie production under the Raj Video Vision brand since 1983.

The company has informed both BSE Limited and National Stock Exchange of India Limited about the rating downgrade under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the information also made available on the company's website.