DEN Networks Limited , a prominent player in the Indian cable television industry, has taken a significant step in its corporate structure. The company has submitted applications to both the BSE Limited and the National Stock Exchange of India Limited for the reclassification of Access Equity Private Limited from the 'promoter group' category to the 'public' category.

Key Details of the Reclassification Application

Background and Process

The move follows a request from Access Equity Private Limited, which was approved by DEN Networks' board of directors on October 13, 2025. This decision aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements Regulations, 2015.

Implications and Next Steps

The reclassification, if approved, could potentially alter the ownership structure and influence dynamics within DEN Networks Limited. However, it's important to note that the reclassification is subject to regulatory approval from the stock exchanges and SEBI.

DEN Networks has committed to keeping the stock exchanges informed about any developments related to this reclassification application. This transparency is crucial for maintaining investor confidence and complying with regulatory standards.

Regulatory Compliance

By submitting this application, DEN Networks demonstrates its adherence to regulatory protocols, particularly Regulation 31A(8)(c) of the Listing Regulations. This regulation mandates prompt disclosure of such reclassification requests to the stock exchanges.

As the process unfolds, stakeholders and market observers will be keenly watching for the outcome of this application and its potential impact on DEN Networks' corporate structure and market perception.

DEN Networks Limited , a leading cable TV distribution company, has reported its financial results for the second quarter, revealing a significant decline in net profit despite maintaining a strong financial position.

Financial Performance

DEN Networks posted a consolidated net profit of ₹351.60 million for Q2, marking a 32.5% decrease from ₹521.00 million reported in the same quarter last year. The company's revenue also saw a decline, dropping to ₹2.41 billion from ₹2.50 billion year-over-year.

EBITDA and Margin Compression

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell to ₹190.00 million, down from ₹278.00 million in the corresponding quarter of the previous year. Consequently, the EBITDA margin compressed to 7.86% from 11.18% year-over-year.

Segment Performance

DEN Networks operates in two primary segments: Cable Distribution Network and Broadband. The segment-wise performance for Q2 is as follows:

The Cable Distribution Network segment, which forms the bulk of the company's operations, reported a loss of ₹47.24 million, while the Broadband segment managed to remain profitable with a modest gain of ₹4.57 million.

Balance Sheet Highlights

Despite the decline in profitability, DEN Networks maintains a strong financial position:

• Total assets stood at ₹43,010.89 million as of September 30.
• The company reported zero gross debt, indicating a conservative financial approach.
• Cash and cash equivalents, including investments, amounted to a substantial ₹32,543.23 million.

Management Commentary

S.N. Sharma, Chief Executive Officer of DEN Networks, commented on the results, stating, "While we faced challenges in the second quarter, our focus remains on maintaining operational efficiency and exploring growth opportunities in both our cable and broadband segments."

Future Outlook

Despite the current headwinds, DEN Networks continues to invest in its infrastructure and services. The company's strong cash position provides a buffer against market volatility and potential opportunities for strategic investments or expansions in the evolving digital entertainment landscape.

Investors and analysts will be closely watching DEN Networks' performance in the coming quarters to see if the company can reverse the trend of declining profits and leverage its strong financial position for growth initiatives.