TV Today Network Limited has announced a postal ballot notice for the appointment of Mr. Abhishek Malhotra as Non-Executive Independent Director, requiring shareholder approval through remote e-voting. The company issued the notice on March 02, 2026, seeking special resolution approval for this key board appointment.

Postal Ballot Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with specific dates for shareholder participation:

Only shareholders whose names appear in the Register of Members or Register of Beneficial Owners as of the cut-off date will be eligible to participate in the remote e-voting process. The postal ballot notice has been sent electronically to members whose email addresses are registered with the company or depository participants.

Proposed Director Profile and Qualifications

Mr. Abhishek Malhotra brings substantial legal expertise to the proposed board position. His professional background includes:

• Experience: 25 years as an Advocate with Bar Council membership in Delhi and California
• Specialization: Intellectual property, commercial dispute resolution, technology, media and telecommunications
• Education: L.L.M from Franklin Pierce Law Center, New Hampshire, U.S.A. and L.L.B from National Law University, Bangalore
• Age: 50 years (born December 13, 1975)
• DIN: 11540453

Mr. Malhotra has contributed to policy development by providing inputs to governments and think tanks on copyright issues, sports and fantasy gaming, and digital health. He serves as Principal Advisor to the Broadband India Forum on satellite communication and data protection matters.

Appointment Terms and Regulatory Compliance

The proposed appointment follows regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations:

The Board of Directors, based on the Nomination and Remuneration Committee's recommendation, approved this appointment proposal on February 13, 2026. Mr. Malhotra has provided the required declarations confirming his independence criteria compliance and absence of disqualification under relevant regulations.

Voting Process and Shareholder Guidelines

Shareholders can participate in the remote e-voting through NSDL's platform at www.evoting.nsdl.com . The company has provided detailed login instructions for different categories of shareholders, including those holding shares in demat mode with NSDL or CDSL, and those holding physical shares.

Institutional shareholders must submit relevant board resolutions and authority letters to the scrutinizer. The voting rights will be proportional to shareholders' equity stake as of the cut-off date. Results will be announced within two working days of the voting period closure and communicated to stock exchanges where the company's securities are listed.

TV Today Network Limited has received a significant income tax demand notice of ₹11,16,14,958 for the financial year 2019-20, the media company disclosed in a regulatory filing on February 10, 2026. The demand notice was issued by the Assistant Commissioner of Income Tax (ACIT) Circle 25(1) Delhi under Regulation 30 of SEBI Listing Regulations.

Tax Demand Details

The income tax demand arose following a rectification order passed under Section 154 read with Section 143(1) of the Income Tax Act, 1961. The tax authorities have raised the demand citing incorrect set off of carried forward losses by the company during FY 2019-20.

Company's Response and Impact Assessment

TV Today Network has clarified that the tax demand will not have any material impact on the company's financials, operations, or other business activities. The company has indicated its intention to challenge the demand notice through proper legal channels.

The media conglomerate plans to file an appeal before the Commissioner of Income Tax (Appeals) against the aforementioned demand notice, exercising its right to contest the tax authorities' assessment.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events that could impact investor decisions.

TV Today Network operates multiple popular media brands including Aaj Tak, India Today, and several other television channels and digital platforms under the India Today Group umbrella. The company continues to maintain that this tax dispute will not affect its ongoing business operations while it pursues the appropriate legal remedies available under the Income Tax Act.