Sun TV Network Limited has announced that BSE has approved its waiver application for fines imposed due to non-compliance with SEBI listing regulations. The company disclosed this development through a regulatory filing dated February 18, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Non-Compliance Details

The fines were originally levied by both BSE and NSE for violations of specific SEBI regulations during two quarters. The penalties were imposed on November 21, 2024 and March 17, 2025 for non-compliance with multiple provisions of the listing regulations.

BSE Waiver Approval

Sun TV Network submitted waiver applications to both stock exchanges seeking relief from the imposed penalties. BSE has now approved the company's waiver application, as communicated through an email dated February 17, 2026. This approval provides the company with relief from the fines imposed by BSE for the regulatory violations.

The company's disclosure indicates that the waiver specifically relates to non-compliance with various provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. These regulations cover critical aspects of corporate governance, board composition, and disclosure requirements for listed companies.

Corporate Communication

The regulatory filing was signed by R. Ravi, Company Secretary & Compliance Officer of Sun TV Network Limited. The company has informed both BSE and NSE about the waiver approval for their information and records. The disclosure fulfills the company's obligation to keep stakeholders informed about material developments affecting regulatory compliance matters.

Sun TV Network Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating steady revenue growth despite challenging market conditions. The leading television broadcaster reported total income of ₹958.39 crores, representing a 3.31% increase from ₹927.66 crores in the corresponding quarter of the previous year.

Financial Performance Overview

The company's operational revenue showed positive momentum, growing by 4.32% to ₹827.87 crores compared to ₹793.58 crores in Q3FY25. This growth was primarily driven by strong performance in the subscription segment, with domestic subscription revenues increasing by 8.86% to ₹472.99 crores.

Operational Highlights

The company's advertisement revenues for the quarter stood at ₹291.94 crores, compared to ₹332.17 crores in the corresponding quarter of the previous year. Despite this decline in advertisement revenue, the strong performance in subscription revenues helped maintain overall revenue growth.

Operating expenses increased to ₹237.57 crores from ₹218.53 crores in the previous year, while employee benefits expenses remained relatively stable at ₹72.17 crores compared to ₹72.68 crores in Q3FY25.

Nine Months Performance

For the nine months ended December 31, 2025, Sun TV Network reported revenue from operations of ₹3,253.65 crores compared to ₹2,969.85 crores in the corresponding period of the previous year, marking a significant improvement in year-to-date performance.

Dividend Declaration

The Board of Directors declared an interim dividend of ₹2.50 per equity share (50% on face value of ₹5.00 each) for the financial year 2025-26. This dividend is in addition to the previously declared interim dividends of ₹5.00 per share (100%) and ₹3.75 per share (75%) announced in earlier board meetings during the current financial year.

Business Operations

Sun TV Network operates as one of India's largest television broadcasters, running satellite television channels across seven languages including Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi, and Hindi. The company also operates FM radio stations across India, produces movies, and owns three cricket franchises: SunRisers Hyderabad in the Indian Premier League, SunRisers Eastern Cape in Cricket South Africa's T20 League, and SunRisers Leeds Limited in The Hundred, United Kingdom. Additionally, the company operates the digital OTT platform Sun NXT.

The results for the quarter include income from the company's cricket franchises of ₹14.61 crores and corresponding costs of ₹19.89 crores. The Board meeting was held on February 6, 2026, where these results were approved along with the interim dividend declaration.