Next Mediaworks Ltd

Next Mediaworks Limited — Trading Window closed from 01 October 2026 till completion of 48 hours after the declaration of Un-Audited (Standalone) Financial Results for the quarter ended 30 September 2026

AGM details

• AGM held on 22 September 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting and venue voting conducted; Scrutinizer appointed.
• Cut-off date for voting rights: 15 September 2026.
• Notice dispatch and availability on company and stock exchange sites.

Resolutions and outcomes

• Item 1 (Ordinary): Adopt Audited Standalone Financial Statements for year ended Mar 31, 2026; approved.
• Votes in favour: 99.9995%; against: 0.0005%.
• Item 2 (Ordinary): Re-appoint Sandeep Rao as Director, retires by rotation; approved.
• Votes in favour: 99.9938%; against: 0.0062%.

AGM Details

• AGM held on 22 September 2026 at 11:00 AM IST via VC/OAVM.
• Duration 11:00–11:20 IST; 52 members attended via VC.

Key Resolutions

• Ordinary: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with reports.
• Ordinary: Re-appointment of Sandeep Rao as Director, retiring by rotation.

Voting Status

• Voting results not disclosed in filing; will be uploaded on website.

AGM notice and annual report access

• Dispatched letters to shareholders without registered emails with the annual report web-link.
• 45th AGM scheduled for Sep 22, 2026 via VC/OAVM.
• Web-links for AGM Notice and Annual Report provided on company site.
• Path to access the complete Annual Report published on the website.
• Shareholders without registered emails urged to update addresses via depository or RTA.

Financial snapshot

• Total income: INR 20 Lacs for FY26.
• EBITDA: INR -4 Lacs for FY26.
• PAT: INR -528 Lacs for FY26.
• Total comprehensive income: INR -1074 Lacs for FY26.
• EBITDA margin: -20.0% in FY26.
• Current ratio: 5.2x in FY26.
• No dividend declared for FY26.
• No operating revenue in FY26.
• Total assets: INR 366 Lacs; total liabilities: INR 3,902 Lacs.

Balance sheet & liquidity

• Equity is negative: INR 3,536 Lacs.
• Total liabilities: INR 3,902 Lacs.
• Borrowings: INR 3,892 Lacs (non-current).
• Promoter holding: 74.99%.
• Cash and cash equivalents: INR 1 Lakh.

Investments & capital structure

• FVOCI investment in Next Radio Limited: INR 266 Lacs.
• Previous FVOCI carrying value: INR 812 Lacs.
• Deemed equity contribution from HT Media Limited: INR 37 Lacs.
• Intercompany loan to Next Radio Limited: INR 3,892 Lacs.

Operations and outlook

• No operating revenue; no definite business plans for FY27.
• Way Ahead: settlement of borrowings and structural realignment.
• Industry context: Media & Entertainment growth, with digital led expansion.
• Directors’ report notes going concern status is no longer appropriate.

Governance & board changes

• Independent Directors appointed on Apr 15, 2025: Ishant Juneja, Suryakant Gupta, Pratibha Sabharwal.
• Mr. Sameer Singh appointed Chairman on Apr 16, 2025.
• Lloyd Mathias and Suchitra Rajendra ceased as Independent Directors on Apr 15, 2025.
• Six board meetings held in FY26.
• Audit Committee held six meetings; four standing committees exist.

Audit, compliance & controls

• Statutory auditors: S.R. Batliboi & Associates LLP; no qualifications.
• Emphasis of matter on going concern in auditor’s report.
• Secretarial audit: no qualifications; governance certificate annexed.
• Internal controls: robust; SAP ERP with audit trail.

Related party transactions

• All related party transactions in ordinary course; arms’ length.
• Audit Committee reviews related party transactions quarterly.
• ICD borrowing limits: 6.80 Cr for FY25-26 and 7.06 Cr for FY26-27.
• HT Media to bear expenses up to INR 2.70 Cr as deemed investment/capital contribution.
• Promoter group holds significant stake; intercompany borrowings ongoing.

Shareholding & listings

• Share capital: INR 6,689 Lacs; 6,68,92,908 shares.
• Promoter/promoter group holding: 74.99%; public 25.01%.
• Dematerialisation: 99.997% of shares dematerialised.
• Listings: BSE 532416; NSE NEXTMEDIA; ISIN INE747B01016.

Financials

• Total income ₹9.0 lacs; revenue from operations NIL; other income ₹9.0 lacs.
• Expenses total ₹122.0 lacs; finance costs ₹117.0 lacs; EBITDA ₹4.0 lacs.
• Loss after tax for the quarter ₹88.0 lacs; basic/diluted EPS ₹-0.13.
• Net worth eroded; reserves negative ₹10.225 crore; paid-up capital ₹6.689 crore.
• There are no reportable segments per Ind AS 108.
• Management states going concern is not appropriate; results prepared on realization basis.
• Limited review by auditors; conclusion unmodified.
• Tax credit of ₹25 lacs recognized due to finalization of assessment for prior years.
• Board approved unaudited results and limited review on 31 July 2026.
• Quarter ended 30 June 2026; no operating business.
• Company has net current assets but no business operations.

Dematerialisation status

• Demat requests processed within 15 days of receipt from depository participants.
• Securities dematerialised have been listed on the stock exchanges where they are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.