Sun TV Network Ltd

Sun TV Network Limited — Trading Window closed from October 1, 2026 till expiry of 48 hours after declaration of Unaudited Financial results for the Quarter and Half Year ended September 30, 2026

AGM Details

• AGM held on 18 September 2026 via VC/OAVM, from 10:00 to 10:22.
• Remote e-voting conducted 15–17 September 2026.

Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements; ordinary.
• Resolution 2: Confirmation of interim dividend paid as final; ordinary.
• Resolution 3: Re-appointment of Kavya Kalanithi Maran (retiring by rotation); ordinary.
• Resolution 4: Ratification of remuneration of Cost Auditors; ordinary.

Director changes

• Re-appointment of Kavya Kalanithi Maran after rotation.

Auditors

• Cost auditor remuneration ratified for the ensuing year.

AGM details and resolutions

• AGM held on 18 September 2026 at 10:00 A.M. via VC/OAVM.
• Remote e-voting: Sept 15–17, 2026; Scrutinizer appointed.
• Adoption of Audited Financial Statements (standalone and consolidated) for FY2026 – Passed.
• Confirmation of Interim Dividends already paid for FY2026 – Passed.
• Re-appointment of Ms. Kaviya Kalanithi Maran (retiring by rotation) – Passed.
• Special Business: Ratification of remuneration payable to Cost Auditor for FY2027 – Passed.

Overview

• Standalone BRSR for Sun TV Network Limited for FY 2025-26.
• Main activities: broadcasting 37 channels, FM radio, IPL franchise, and Sun NXT.
• Exports account for 8.26% of turnover; operations in 18 international markets.
• Assurance: Reasonable Assurance provided by J Sundharesan & Associates.
• Sustainability governance overseen by a dedicated BRSR Committee and senior management.

Key ESG Risks & Opportunities

• Content ethics pose regulatory penalties risk and potential branding benefits from quality content.
• DPDP 2023 data privacy and cybersecurity obligations with safeguards and DPIA work.
• Energy management: renewable energy procurement and rooftop solar plans.
• Safety of employees with Zero Harm goal and hazard management.
• Workforce diversity: target 30% women by 2030.
• Intellectual property protection: DRM and anti-piracy enforcement.

Governance & Policy Highlights

• BRSR Committee oversees policy implementation; members include COO, CTO, and Company Secretary.
• Board-approved policies include ABAC, Supplier Code, HR, Safety, Grievance, Human Rights, Cyber Security.
• Policies extend to value chain partners where relevant.
• No material penalties or non-compliance reported under governing policies.
• Independent assurance on BRSR core indicators provided by J Sundharesan & Associates.

Social Responsibility & Workforce

• Total employees: 1,694; permanent 1,010; non-permanent 684; differently abled 4.
• Board women representation: 36% (4 of 11); KMP women: 0.
• Gross wages paid to females: 22.72% of total wages.
• Well-being spend: 0.05% of total revenue on well-being measures.
• Grievance mechanisms exist for permanent and non-permanent staff; Whistleblower policy in place.
• POSH complaints reported: Nil; return-to-work after parental leave: 100% for permanent staff.

Environmental Performance

• Total energy consumption: 34,400 GJ; renewables ~27,033 GJ; non-renewables ~7,368 GJ.
• GHG emissions: Scope 1 91.93 tCO2e; Scope 2 1,398.05 tCO2e.
• Water withdrawal 53,216 KL; consumption 44,491 KL; surface water 47,345 KL.
• Water discharged to third parties: 8,725 KL; on-site STP at MRC Nagar enables reuse.
• Waste total: 39.78 MT; plastic 0.938; e-waste 0.055; other hazardous 0.0057; non-hazardous 38.54.
• Targeted energy and water initiatives include rooftop solar, LED upgrades, and energy monitoring.

Stakeholder Engagement & Complaints

• Stakeholders identified: employees, consumers, suppliers, investors, government/regulators, media, communities, NGOs.
• Engagement channels: meetings, emails, website; frequency: quarterly/half-yearly/annual or as required.
• Shareholders complaints: 24 filed in 2025-26; nil pending; 27 in 2024-25; nil pending.
• Content and community grievances reviewed by editorial/content teams; community mechanisms publicly accessible.
• POSH and other HR grievances handled via formal channels and Whistleblower mechanisms.

Other Notable Metrics

• Inputs sourced from within India; MSME direct purchases not disclosed; 100% inputs from domestic suppliers.
• Digital platform Sun NXT: 37.4% reduction in consumer complaints to 108,105 in FY25-26.
• Data breaches: Nil; DPDP Act alignment ongoing; cyber security policy in place.
• Independent reasonable assurance on BRSR KPIs performed by JSA; scope is standalone Sun TV operations.

Financial highlights

• Total income (Standalone) Rs 4,637.70 cr for year ended 31 Mar 2026.
• Profit after tax (Standalone) Rs 1,393.52 cr, vs 1,654.46 cr prior year.
• EPS (Basic) Rs 35.36 for year ended 31 Mar 2026.
• Interim dividend total Rs 12.50 per share; no final dividend.
• Dividend payout ratio 35.35% for the year.
• ROCE 14.50% for year ended 31 Mar 2026.
• Debt-free; no bank borrowings as at 31 Mar 2026.
• AGM through VC on 18 Sep 2026.

Strategic developments

• Sunrisers Leeds Limited acquired in July 2025 for GBP 100.5 million; now subsidiary.
• Kal Radio Limited and SAFL amalgamations restated; comparatives adjusted.
• IPL franchise Sun Risers Hyderabad and SA20 expanded; SRL strengthens cricket portfolio.

Geography & revenue mix

• Geography: India revenue Rs 3,901.29 cr; outside India Rs 433.53 cr.
• Consolidated revenue from operations Rs 4,334.82 cr.
• No major customer (>10% of revenue) in current year.

Capital structure & liquidity

• Equity share capital Rs 197.04 cr; 39,40,84,620 shares.
• Total equity Rs 12,659.86 cr; total assets Rs 13,841.11 cr.
• Debt-free; no borrowings as at 31 March 2026.
• Cash and cash equivalents Rs 243.04 cr; working capital Rs 7,370.69 cr.

Governance & risk

• Auditors: SR Batliboi & Associates LLP; Secretarial: Lakshmi Subramanian.
• Board had no changes in 2025-26; independent directors and committees.
• Internal controls: SAP ERP; regular internal audits and risk governance.
• Vigil mechanism / Whistle-blower policy in place.

CSR & ESG

• CSR spend Rs 42.67 cr; two percent of average net profit Rs 42.60 cr.
• Excess CSR spend Rs 0.07 cr; carried forward.

Outlook

• SRL expansion and cricket rights expected to diversify revenue; focus on digital platforms.