Raj Television Network Limited , a prominent player in the commercial satellite television channel business, has reported a net profit of ₹1.66 crore for the quarter ended September 30, 2025. This marks a significant increase from the ₹0.74 crore profit recorded in the same quarter of the previous year.

Financial Performance

Despite the increase in profit, the company experienced a decline in its revenue from operations. The revenue dropped to ₹18.76 crore in the quarter, compared to ₹35.93 crore in the corresponding period last year.

All figures in ₹ crore

Board Meeting Outcomes

The Board of Directors of Raj Television Network Limited convened on November 11, 2025, to review and approve the unaudited financial results for the quarter. Key decisions and observations from the meeting include:

1. Approval of the unaudited financial results for Q2 FY2026.
2. The Board decided not to recommend any dividend for the quarter.
3. The meeting commenced at 12:00 P.M. and concluded at 4:30 P.M.

Business Segments

Raj Television Network Limited primarily operates commercial satellite television channels. The company reported that it has no separate reportable business segments as per Ind AS 108 on "Operating Segments."

Financial Position

As of September 30, 2025, the company's balance sheet showed:

• Total assets of ₹1,730.68 crore
• Total equity of ₹1,240.43 crore
• Current liabilities of ₹307.96 crore

Cash Flow

The cash flow statement for the half-year ended September 30, 2025, revealed:

• Net cash generated by operating activities: ₹26.25 crore
• Net cash used in financing activities: ₹28.64 crore
• Cash and cash equivalents at the end of the period: ₹1.70 crore

While the company has shown improvement in profitability, the significant decline in revenue may be a point of concern for investors. The management's strategies to address this revenue decline and sustain profitability growth will be crucial for the company's future performance.

Raj TV Network Limited (RTNL) has announced a significant move in its corporate governance structure, seeking shareholder approval for the appointment of two Non-Executive Independent Directors. The company has issued a postal ballot notice for this purpose, highlighting its commitment to strengthening its board with experienced professionals.

Proposed Appointments

RTNL proposes to appoint two distinguished individuals to its board:

1. Mr. Pechimuthu Udayakumar (DIN: 03353625)

   • Term: Five years (October 18, 2025 to October 17, 2030)
   • Background: Former Chairman & Managing Director of NSIC Ltd.
   • Experience: Over 35 years in MSME, petroleum, fertilizer, and financial sectors

2. Mr. Krishna Singh Balaji Singh (DIN: 11121323)

   • Term: Five years (October 18, 2025 to October 17, 2030)
   • Current Role: Dean and Professor of Surgery at Sri Ramachandra Medical College
   • Experience: Over three decades in medical and academic fields

Appointment Process and Qualifications

Both candidates were initially appointed as Additional Directors by RTNL's Board of Directors, effective October 18, 2025. This decision was based on recommendations from the company's Nomination and Remuneration Committee.

Key points about the appointments:

• Both directors have submitted declarations confirming their independence criteria.
• They are not related to any existing directors or key managerial personnel of RTNL.
• The appointments are subject to shareholder approval through a special resolution.

E-Voting Details

RTNL has provided the following e-voting schedule for shareholders:

Director Profiles

Mr. Pechimuthu Udayakumar

• Education: BE from Anna University, Post-Graduation from IIM Bangalore
• Expertise: MSME restructuring, financial strategy, and policy development
• Notable Achievements: Recipient of the Alumni Achiever Award (2022) and Rashtriya Icon Award

Mr. Krishna Singh Balaji Singh

• Qualifications: MBBS, MS (General Surgery), FRCS (Glasgow), FIAGES, FALS
• Specialization: Advanced laparoscopic, colorectal, and hepatobiliary surgeries
• Achievements: Performed over 1,600 minimally invasive procedures

Implications for Raj Television Network

The proposed appointments of Mr. Udayakumar and Mr. Singh may bring diverse expertise to RTNL's board:

1. Financial and Strategic Insight: Mr. Udayakumar's extensive experience in the MSME and financial sectors could potentially contribute to RTNL's financial strategies and policy decisions.

2. Governance and Leadership: Both nominees have held leadership positions in their respective fields, which may enhance the board's overall governance capabilities.

3. Diverse Perspective: The inclusion of professionals from different sectors (finance and healthcare) may provide RTNL with a broader perspective on various business aspects.

Shareholders of Raj Television Network Limited now have the opportunity to vote on these appointments, which could shape the company's future direction and governance structure.