New Delhi Television Ltd

New Delhi Television Limited — Trading Window closed from October 1, 2026 until 48 hours after the declaration of the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

Rating Details

• Agency: CARE Ratings Limited reaffirmed NDTV's bank facility ratings.
• Long-term facilities INR 110.78 crore rated CARE A-; Stable; reaffirmed.
• Short-term facilities INR 15.00 crore rated CARE A2; reaffirmed.
• Rating action: Reaffirmation of both long-term and short-term ratings.
• Date of reaffirmation: August 18, 2026.

Target overview

• Target comprises GoodTimes Channel business; size not disclosed; India presence; no separate entity being acquired.

Related party status

• Seller is a NDTV joint venture; related party, arm's-length; promoter group indirect interest only.

Industry

• Industry: Broadcasting and programming; GoodTimes Channel.

Strategic rationale

• Diversify and strengthen strategy; expand operational capabilities; enhance long-term stakeholder value.

Regulatory approvals

• MIB and other regulatory approvals required; channel license transfer subject to approval.

Timeline

• Completion targeted within approximately 3 months.

Consideration

• Consideration: cash plus Television Advertising Inventory.

Cost of acquisition

• Price: lumpsum up to Rs 18 crore on a cash-free debt-free basis.

Equity stake

• Not applicable; no equity stake acquired.

Target background

• GoodTimes Channel; lifestyle broadcasting; no separate entity; India presence; incorporation/turnover not disclosed.

Brand/name change for English news channel

• MIB approved rename of NDTV 24x7 to NDTV and logo change.
• Channel to operate under the name NDTV from 7:00 p.m. on August 15, 2026.
• MIB letter dated August 13, 2026 issued approval.

Acquisition of GoodTimes Channel

• Target: GoodTimes Channel (Business Undertaking) from Lifestyle & Media Broadcasting Limited.
• Industry: media/broadcasting.
• Size/scale: not disclosed in the filing.
• Related party status: not disclosed in the filing.
• Purpose and rationale: proposed acquisition; rationale not disclosed.
• Regulatory approvals: subject to receipt of applicable statutory and regulatory approvals.
• Timeline: completion expected in approximately 3 months.
• Consideration: form and amount not disclosed.
• Shareholding acquired: percentage or shares not disclosed.
• Background: GoodTimes Channel provides broadcasting services; incorporation date not disclosed.

Demat processing and certification

• Dematerialisation requests processed within 15 days of receipt, with approvals or rejections.
• Securities dematerialised were listed on the stock exchanges where the earlier issues are listed.
• Physical certificates were mutilated and cancelled after verification, with depository name substituted as registered owner for approved requests.

Meeting Details

• Board meeting scheduled for July 21, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1 to July 24, 2026; reopens 48 hours after results disclosure.

Senior management cessation

• Mr. Nikhil Guliani, Chief Legal and Regulatory Officer, ceased on May 29, 2026.
• Change type: termination and cessation of service upon separation.
• Term of appointment: not applicable.