Sun TV Network Clarifies Media Speculations About Promoter's Personal Issues
Sun TV Network has issued a statement addressing media speculations about personal issues of its promoter. The company clarified that the circulating allegations are misleading and unrelated to the company's operations. Sun TV emphasized that its functioning remains unaffected, demonstrating a commitment to transparency and effective stakeholder communication.
20Jun 25
Sun TV Network: Dayanidhi Maran Alleges 'Fraudulent Takeover' by Brother Kalanithi
DMK MP Dayanidhi Maran has served a legal notice to Sun TV Network Chairman Kalanithi Maran and others, alleging a fraudulent takeover of the group following their father's death in 2003. The notice accuses the current management of mismanagement and breach of trust. Dayanidhi Maran has threatened to involve the Serious Fraud Investigation Office (SFIO) for investigation. This dispute could lead to increased scrutiny of Sun TV Network's corporate governance practices, impact investor confidence, and pose operational challenges.
19Jun 25
Sun TV Network: Dayanidhi Maran Serves Legal Notice to Brother Kalanithi Maran
DMK MP Dayanidhi Maran has served a legal notice to his brother, Kalanithi Maran, chairman of Sun TV Network, alleging fraudulent practices within the company. The notice accuses Kalanithi Maran and seven others of cheating and money laundering, and demands restoration of the original shareholding structure. Dayanidhi Maran is also seeking a forensic audit of Sun TV Network's finances. This family feud and potential legal battle could have significant implications for the company's future, potentially impacting investor confidence and attracting increased regulatory scrutiny.
30May 25
Sun TV Network's Q4 Results: Net Profit and Revenue Decline, Margins Narrow
Sun TV Network's Q4 results show a 10.40% year-on-year decrease in net profit to ₹371.60 crore, with revenue declining 2.20% to ₹940.60 crore. EBITDA dropped 18.00% to ₹429.00 crore, and the EBITDA margin compressed to 45.61%. For the full fiscal year, standalone revenue decreased to ₹3,878.86 crore and net profit fell to ₹1,654.46 crore. Despite financial challenges, the company declared four interim dividends totaling 300% or ₹15.00 per share.
02Apr 25
Sun TV Network Subsidiaries Merge: NCLT Approves Udaya FM and KAI Radio Amalgamation
Sun TV Network Limited received NCLT approval for the merger of its subsidiaries Udaya FM Private Limited and KAI Radio Limited. The amalgamation, effective April 1, 2025, aims to create operational synergies, reduce costs, and enhance competitiveness in the FM radio broadcasting sector. KAI Radio will issue 41,965 shares for every 10,000 shares of Udaya FM. The merger is expected to strengthen Sun TV's market position and financial capabilities.
01Apr 25
Sun TV Network Streamlines Radio Operations: NCLT Approves Merger of Udaya FM with KAL Radio
Sun TV Network has obtained NCLT approval to merge its radio subsidiaries, Udaya FM Private Limited and KAL Radio Limited. The consolidation aims to create operational synergies, reduce costs, and enhance competitiveness in the radio broadcasting sector. Shareholders of Udaya FM will receive shares in KAL Radio at a specified exchange ratio. The merger is expected to improve financial efficiency and strengthen Sun TV's position in the media industry.
10Mar 25
Sun TV Network Announces 2.50 Rupees Per Share Interim Dividend
Sun TV Network has announced an interim dividend of 2.50 rupees per share, approved by the company's board. This decision signals the company's strong financial position and commitment to shareholder value. Sun TV Network, a major player in Indian media, operates satellite TV channels, FM radio stations, and has a significant digital entertainment presence.
07Mar 25
Sun TV Network Announces 50% Interim Dividend for FY 2024-25
Sun TV Network Limited has declared an interim dividend of ₹2.50 per equity share, representing 50% of the face value (₹5) for the financial year 2024-25. The decision was made during a board meeting on March 7, 2025, which lasted from 2:30 PM to 3:30 PM. This announcement was promptly communicated to the stock exchanges where Sun TV is listed (BSE: 532733, NSE: SUNTV), in compliance with SEBI regulations.
05Mar 25
Sun TV Network to Consider Interim Dividend in Upcoming Board Meeting
Sun TV Network Ltd has scheduled a board meeting for March 7, 2025, to consider declaring an interim dividend for FY 2024-25. The company has closed the trading window for insiders until 48 hours after the meeting concludes. This move suggests potential shareholder returns and may indicate the company's financial stability.
04Mar 25
Sun TV Network to Consider Interim Dividend in Upcoming Board Meeting
Sun TV Network Ltd has announced a board meeting on March 7, 2025, to consider an interim dividend for FY 2024-25. The company has closed the trading window for insiders until 48 hours after the meeting, in compliance with SEBI regulations and insider trading prevention measures. This potential dividend declaration could significantly impact shareholders and the company's stock price.