Network18 Media & Investments logo

Network18 Media & Investments MD, chairman, board of directors and AGM

NSE: NETWORK18BSE: 532798EntertainmentSmall Cap

Formerly Network 18 Fincap
Last close ₹23.50down ₹0.77 (3.17%)BSE ₹23.54

Share price at the NSE close on 23 Oct 2026. Previous close ₹24.27.

52-week range of traded prices to 23 Oct 2026
₹23.15Low, 23 Oct 2026₹50.24High, 4 Nov 2025
Market cap
₹3,624 Cr759th largest listed
P/E
Lossover the last 12 months
P/B
0.7
Dividend yield
Nonein the last 12 months
ROE
−0.7%
ROE without one-offs
0.0%
ROCE
−1.0%
Debt to equity
0.62
Volume, NSE
32,73,00644.4% delivered

Network18 Media & Investments board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonADIL ZAINULBHAI
  • Managing directorRAHUL JOSHI
  • Company Secretary and Compliance OfficerShweta Gupta

7 directors3 independent1 executive3 non-executive

  • ADIL ZAINULBHAI · ChairpersonNon-executive · joined Jul 2024 · reappointed Jul 2024 · 2 listed boards · 3 committee seats, 1 as chair
  • RENUKA RAMNATHIndependent · joined Jul 2024 · reappointed Jul 2025 · 23 months as independent · 3 listed boards · 1 as independent · 1 committee seat
  • SHUVA MANDALIndependent · joined Nov 2024 · reappointed Nov 2024 · 19 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
  • MADHUSUDANA SIVAPRASAD PANDANon-executive · joined Jan 2017 · reappointed Jul 2025 · 2 listed boards · 1 committee seat
  • JYOTI DESHPANDENon-executive · joined Mar 2018 · reappointed Jul 2025 · 2 listed boards
  • RAHUL JOSHI · Managing directorExecutive · joined Jul 2018 · reappointed Jul 2024 · 1 listed board · 1 committee seat, 1 as chair
  • RAJ KUMAR JAINIndependent · joined Mar 2026 · reappointed Mar 2026 · 3 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • DHRUV SUBODH KAJI, left 26 Nov 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 18 Apr 20267 of 7 present3 independent · 23 days in between
    • 25 Mar 20267 of 7 present3 independent · 69 days in between
    • 14 Jan 20266 of 6 present2 independent

  • Audit Committee

    Chair SHUVA MANDAL

    RENUKA RAMNATH, ADIL ZAINULBHAI, RAJ KUMAR JAIN

    • 18 Apr 20264 of 4 present3 independent · 23 days in between
    • 25 Mar 20263 of 3 present2 independent · 69 days in between
    • 14 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair SHUVA MANDAL

    RENUKA RAMNATH, ADIL ZAINULBHAI

    • 18 Apr 20263 of 3 present2 independent
    • 25 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair ADIL ZAINULBHAI

    SHUVA MANDAL, MADHUSUDANA SIVAPRASAD PANDA

    • 18 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair ADIL ZAINULBHAI

    SHUVA MANDAL, RAHUL JOSHI, RAMESH KUMAR DAMANI

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair ADIL ZAINULBHAI

    SHUVA MANDAL, RAHUL JOSHI

    • 18 Apr 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Network18 Media & Investments AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Network18 Media & Investments dividend history

Annual general meeting, 16 Sep 2026

5,17,343 shareholders on the register on 9 Sep 2026; present: 8 promoters and 106 others; votes counted by Neelesh Kumar Jain / N.K.J. & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Financial Statement of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 59.95% · promoters 100.00% · institutions 72.90% · other public 2.11%

  2. Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended 31st March, 2026 and the Report of the Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 59.95% · promoters 100.00% · institutions 72.90% · other public 2.11%

  3. Appointment of Mr. Adil Zainulbhai (DIN : 06646490), a Director retiring by rotation
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 3.30% · other public 2.32%

    Turnout: all 59.96% · promoters 100.00% · institutions 72.90% · other public 2.13%

  4. Appointment of Mr. Rahul Joshi (DIN : 07389787), a Director retiring by rotation
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.29%

    Turnout: all 59.96% · promoters 100.00% · institutions 72.90% · other public 2.13%

  5. Ratification of the remuneration of the Cost Auditor for the financial year ending 31st March, 2027
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.27%

    Turnout: all 59.96% · promoters 100.00% · institutions 72.90% · other public 2.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Jun 2026, 1 resolution

5,28,187 shareholders on the register on 8 May 2026; votes counted by Neelesh Kr. Jain / N.K.J. & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Raj Kumar Jain (DIN: 01741527) as an Independent Director of the Company
    Special
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 2.52% · other public 1.12%

    Turnout: all 63.54% · promoters 100.00% · institutions 90.33% · other public 2.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Jul 2025, 9 resolutions

5,71,293 shareholders on the register on 26 Jun 2025; present: 8 promoters and 152 others; votes counted by B. Narasimhan / BN & Associates.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  2. Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025 and the Report of the Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  3. Appointment of Mr. P.M.S. Prasad (DIN : 00012144), a Director retiring by rotation
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 3.97% · other public 0.11%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  4. Appointment of Ms. Jyoti Deshpande (DIN : 02303283), a Director retiring by rotation
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 3.97% · other public 0.10%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  5. Approval for continuation of Mr. P.M.S. Prasad (DIN: 00012144) as a Non-Executive Director, liable to retire by rotation, notwithstanding his attaining the age of seventy-five years
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 3.41% · other public 0.12%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  6. Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2026
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  7. Re-appointment of Ms. Renuka Ramnath (DIN:00147182) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.25% · other public 0.10%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  8. Appointment of Secretarial Auditor
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 1.52% · other public 0.10%

    Turnout: all 69.82% · promoters 100.00% · institutions 93.02% · other public 17.60%

  9. Approval for Material related party transactions of the Company
    OrdinaryPromoters have an interest in it
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 1.52% · other public 0.12%

    Turnout: all 12.13% · promoters 0.00% · institutions 93.02% · other public 15.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Dec 2024, 6 resolutions

Present: 8 promoters and 124 others.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 68.90% · promoters 100.00% · institutions 90.03% · other public 16.69%

  2. Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2024 and the Report of the Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 68.90% · promoters 100.00% · institutions 90.03% · other public 16.69%

  3. Appointment of Mr. Rahul Joshi (DIN 07389787) a Director retiring by rotation
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.09%

    Turnout: all 68.90% · promoters 100.00% · institutions 90.03% · other public 16.69%

  4. Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2025
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 68.90% · promoters 100.00% · institutions 90.03% · other public 16.69%

  5. Appointment of Mr. Shuva Mandal (DIN 07670535) as an Independent Director of the Company for a term of Five (5) consecutive years
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.88% · other public 0.08%

    Turnout: all 68.90% · promoters 100.00% · institutions 90.03% · other public 16.69%

  6. To approve Viacom 18 Media Private Limited (“Viacom18”) ceasing to be a subsidiary of the Company and the Company ceasing to exercise control over Viacom18 pursuant to conversion of Compulsorily Convertible Preference Shares of Viacom18 by Reliance Industries LimitedMoreLess
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.54% · other public 0.26%

    Turnout: all 68.90% · promoters 100.00% · institutions 90.03% · other public 16.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 2 Oct 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Adil Zainulbhai (DIN:06646490) as Non-Executive Non-Independent Director of the Company (Ordinary Resolution)
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 4.46% · other public 1.70%

    Turnout: all 78.08% · promoters 100.00% · institutions 94.57% · other public 1.21%

  2. Appointment of Ms. Renuka Ramnath (DIN:00147182) as an Independent Director of the Company (Special Resolution)
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 1.47% · other public 1.71%

    Turnout: all 78.08% · promoters 100.00% · institutions 94.57% · other public 1.21%

  3. Re-appointment of Mr. Rahul Joshi (DIN:07389787) as Managing Director of the Company (Special Resolution)
    Special
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 18.32% · other public 1.66%

    Turnout: all 78.08% · promoters 100.00% · institutions 94.57% · other public 1.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 10 Jul 2024, 1 resolution

Present: 8 promoters and 129 others.The company's voting result (opens in a new tab)

  1. Approval of Composite Scheme of Arrangement amongst e-Eighteen.com Limited and its shareholders and creditors & TV18 Broadcast Limited and its shareholders and creditors & Network18 Media & Investments Limited and its shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 85.56% · promoters 100.00% · institutions 82.34% · other public 35.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Sep 2023, 4 resolutions

Present: 8 promoters and 95 others.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 89.41% · promoters 100.00% · institutions 97.20% · other public 45.34%

  2. Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2023 and the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 89.41% · promoters 100.00% · institutions 97.20% · other public 45.34%

  3. Appointment of Ms. Jyoti Deshpande (DIN : 02303283), a Director retiring by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.16% · other public 0.00%

    Turnout: all 89.41% · promoters 100.00% · institutions 97.20% · other public 45.34%

  4. Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 89.41% · promoters 100.00% · institutions 97.20% · other public 45.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2022, 5 resolutions

Present: 8 promoters and 75 others.The company's voting result (opens in a new tab)

  1. Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 89.89% · promoters 100.00% · institutions 96.66% · other public 47.80%

  2. Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2022 and the Report of the Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 89.89% · promoters 100.00% · institutions 96.66% · other public 47.80%

  3. Appointment of Mr. P.M.S. Prasad (DIN : 00012144), a Director retiring by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.06%

    Turnout: all 89.89% · promoters 100.00% · institutions 96.66% · other public 47.80%

  4. Appointment of Auditors and fix their remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.06%

    Turnout: all 89.89% · promoters 100.00% · institutions 96.66% · other public 47.80%

  5. Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2023
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.18% · other public 0.06%

    Turnout: all 89.89% · promoters 100.00% · institutions 96.66% · other public 47.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 16 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended 31st March, 2026 and the Report of the Auditors thereon
    1 for0 against
  • Appointment of Mr. Adil Zainulbhai (DIN : 06646490), a Director retiring by rotation
    1 for0 against
  • Appointment of Mr. Rahul Joshi (DIN : 07389787), a Director retiring by rotation
    1 for0 against
  • Ratification of the remuneration of the Cost Auditor for the financial year ending 31st March, 2027
    1 for0 against
1 proposal not matched to one resolution
  • To consider and adopt (a) the audited financial statement of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon;
    1 for0 against

Mutual fund votes, meeting of 10 Jun 2026, 7 fund houses

  • Appointment of Mr. Raj Kumar Jain (DIN: 01741527) as an Independent Director of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency Concern: While data on the public domain indicates that the proposed appointee may hold 2 Full-time positions, in unrelated businesses, the Company has not provided any additional clarity on the same. As a matter of good governance, an individual should not hold more than one full-time position in entities whose businesses are unrelated and do not share a holding- subsidiary relationship.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. No concern on merit of the appointee. Transparency Concern: While data on the public domain indicates that the proposed appointee may hold 2 Full-time positions, in unrelated businesses, the Company has not provided any additional clarity on whether the proposed appointee regarding the same. As a matter of good governance, an individual should not hold more than one full-time position in entities whose businesses are unrelated and do not share a holding- subsidiary relationship.
    • Motilal Oswal Mutual FundNo clarity on whether the proposed appointee holds two full-time positions.
    3 for4 against
6 earlier meetings

Mutual fund votes, meeting of 3 Jul 2025, 13 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon
    8 for0 against
  • Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025 and the Report of the Auditors thereon
    12 for0 against
  • Appointment of Mr. P.M.S. Prasad (DIN : 00012144), a Director retiring by rotation
    12 for0 against
  • Appointment of Ms. Jyoti Deshpande (DIN : 02303283), a Director retiring by rotation
    13 for0 against
  • Approval for continuation of Mr. P.M.S. Prasad (DIN: 00012144) as a Non-Executive Director, liable to retire by rotation, notwithstanding his attaining the age of seventy-five years
    13 for0 against
  • Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2026
    12 for0 against
  • Re-appointment of Ms. Renuka Ramnath (DIN:00147182) as an Independent Director of the Company
    13 for0 against
  • Appointment of Secretarial Auditor
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed.
    • Kotak Mahindra Mutual FundThe company proposes to appoint Chandrasekaran Associates as secretarial auditors for five years from FY26, on payment of such remuneration as may be mutually agreed between the Board of Directors and the Secretarial Auditors. The company has not disclosed the proposed remuneration for Chandrasekaran Associates, which is a regulatory requirement. So the resolution is non-compliant under law. Hence, we are voting against.
    • Nippon India Mutual FundNon disclosure of Proposed fee payable to Secretarial Auditors.
    5 for8 against
  • Approval for Material related party transactions of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundOmnibus approval sought for a duration of more than one year.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual FundNon-Compliant with SEBI Circular: Omnibus approval sought for a duration of more than one year.
    • Kotak Mahindra Mutual FundJIPL offers its own channels and the channels of Network18 as combined bouquet as well as on an a-la-carte basis to Distributor Platform Operators (DPOs). Assigning distribution rights to JIPL allows bundling of Network18 channels with JIPL channels, helping Network18 gain a wide audience reach. JIPL manages the entire end-to-end distribution related services including execution of agreements with DPOs, billing, invoicing, revenue collection, regulatory compliance and other such activities. The proposed transactions include: (i) receipt of subscription charges and advertising revenue from JIPL (Rs. 5.5 bn for FY26 and Rs. 6.5 bn p.a. thereafter); and (ii) payment of fees attributable to Network18 s channels, which is paid by JIPL to the DPOs, and incurs cost for running advertising campaigns on JIPL s channels / platforms (Rs. 4.0 bn in FY26 and Rs. 4.5 bn p.a. thereafter). The proposed transactions are in the ordinary course of business and at arm s length price. The Company is seeking shareholders omnibus approval for 4 years which is not compliant under law. Hence we are voting against.
    4 for8 against
4 proposals not matched to one resolution
  • 2) Reappoint P.M.S. Prasad (DIN: 00012144) as Non-Executive Non-Independent Director, liable to retire by rotation.
    1 for0 against
  • 5) Approve remuneration of Rs. 600,000 payable to Pramod Chauhan & Associates as cost auditor for FY26.
    1 for0 against
  • 8) Approve related party transactions with JioStar India Private Limited (JIPL), a fellow subsidiary, from FY26 to FY30.
    1 for0 against
  • To consider and adopt: (a) the audited financial statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.
    4 for0 against

Mutual fund votes, meeting of 19 Dec 2024, 9 fund houses

  • Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon
    8 for0 against
  • Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2024 and the Report of the Auditors thereon
    9 for0 against
  • Appointment of Mr. Rahul Joshi (DIN 07389787) a Director retiring by rotation
    9 for0 against
  • Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2025
    9 for0 against
  • Appointment of Mr. Shuva Mandal (DIN 07670535) as an Independent Director of the Company for a term of Five (5) consecutive years
    Against Axis Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundShuva Mandal, 48, is the founding partner of Anagram Partners. Previously, he served as Group General Counsel of Tata Sons and Senior Partner at Shardul Amarchand Mangaldas & Co. and AZB & Partners. Viacom18 Media Private Limited (Viacom18), a subsidiary, paid Rs. 8.0 mn as professional charges to Anagram partners in FY24. Public sources indicate that Anagram Partners has advised Viacom18 on acquisition of Indian Premier League's global digital rights (season 2023-27). Public sources indicate that Anagram Partners also advised Reliance Industries Limited on sub-leasing of land from Navi Mumbai IIA. While the company has stated that professional charges paid to Anagram Partners by Viacom18 form a very small part of the total revenue of Anagram Partners, given the conflict of interest caused by existing business relationships, we do not support his appointment as Independent Director.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundProfile of the Candidate
    6 for3 against
  • To approve Viacom 18 Media Private Limited (“Viacom18”) ceasing to be a subsidiary of the Company and the Company ceasing to exercise control over Viacom18 pursuant to conversion of Compulsorily Convertible Preference Shares of Viacom18 by Reliance Industries LimitedMoreLess
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Inadequate disclosures for shareholders to make an informed decision.
    5 for4 against

Mutual fund votes, meeting of 2 Oct 2024, 9 fund houses

  • Appointment of Mr. Adil Zainulbhai (DIN:06646490) as Non-Executive Non-Independent Director of the Company (Ordinary Resolution)
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of the proposed appointee. Governance Concern: No cooling off period served before appointment as NE-NID post completion of two terms as an ID.
    • Nippon India Mutual FundNo cooling off period served before appointment as NE-NID post completion of two terms as an ID.
    4 for5 against
  • Appointment of Ms. Renuka Ramnath (DIN:00147182) as an Independent Director of the Company (Special Resolution)
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of the proposed appointee. Governance concern: Appointment as an ID for a period of only one year.
    • Nippon India Mutual FundGovernance concern: Appointment as an ID for a period of only one year.
    4 for5 against
  • Re-appointment of Mr. Rahul Joshi (DIN:07389787) as Managing Director of the Company (Special Resolution)
    Against Axis Mutual Fund
    • Axis Mutual FundRahul Joshi, 54, was reappointed as Managing Director in the 2021 AGM for three years. In FY24, Rahul Joshi was paid Rs. 92.1 mn as remuneration on a consolidated basis. His remuneration is structured to allow the flexibility for the subsidiary to bear part or all of his remuneration that is being approved by shareholders. His annual fixed remuneration is being set at Rs. 100 mn from 9 July 2024 to 31 March 2025, and Rs.110 from 1 April 2025 to 8 July 2027. The proposed fixed remuneration is high for the size of business. While we understand that he is a professional, we expect variable pay to comprise atleast 50% of his total pay. His remuneration structure also includes a variable pay component in the form of incentive / bonus / performance linked incentive which will be determined by the board. It is unclear if he has received variable pay in the past. There is neither a track record nor an absolute cap on the quantum of variable pay. Hence, we are unable to estimate his overall remuneration. The company must disclose the performance metrics which determine his variable pay.
    8 for1 against

Mutual fund votes, meeting of 10 Jul 2024, 10 fund houses

  • Approval of Composite Scheme of Arrangement amongst e-Eighteen.com Limited and its shareholders and creditors & TV18 Broadcast Limited and its shareholders and creditors & Network18 Media & Investments Limited and its shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013MoreLess
    10 for0 against

Mutual fund votes, meeting of 5 Sep 2023, 5 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon
    5 for0 against
  • Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2023 and the Report of the Auditors thereon
    4 for0 against
  • Appointment of Ms. Jyoti Deshpande (DIN : 02303283), a Director retiring by rotation
    5 for0 against
  • Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2024
    4 for0 against
1 proposal not matched to one resolution
  • 3) Approve remuneration of Rs. 300,000 to Pramod Chauhan & Associates as cost auditors for FY24.
    1 for0 against

Mutual fund votes, meeting of 29 Sep 2022, 4 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Consideration and adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon
    3 for0 against
  • Consideration and adoption of Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2022 and the Report of the Auditors thereon
    3 for0 against
  • Appointment of Mr. P.M.S. Prasad (DIN : 00012144), a Director retiring by rotation
    3 for0 against
  • Appointment of Auditors and fix their remuneration
    1 for0 against
  • Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2023
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundLow audit fees
    2 for1 against
2 proposals not matched to one resolution
  • 1. Consideration and adoption of : (a) Audited Financial Statement of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon (b) Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2022 and the Report of the Auditors thereon 2. Appointment of Mr. P.M.S. Prasad, a Director retiring by rotation 3. Appointment of Auditors and fix their remuneration 4. Ratification of the remuneration of the Cost Auditor for the financial year ending March 31, 2023MoreLess
    1 for0 against
  • To re-appoint Deloitte Haskins & Sells LLP, Chartered Accountants, (Registration No. 117366W / W-100018) as Auditors of the Company, for a further term of 5 (five) consecutive years from the conclusion of this Annual General meeting till the conclusion of the sixth Annual General Meeting from this Annual General Meeting at such remuneration.MoreLess
    2 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyJoint Commissioner, Mumbai- Central, CBICSince 29 Jun 2026

    In continuation of stock exchange intimation filed by the Company on January 20, 2025, regarding levying of penalty of Rs. 78,28,565/- on e-Eighteen.com Limited (since merged with the Company w.e.f. October 3, 2024), an appeal was filed against the order, the Company has received an appeal order dated March 23, 2026, partially upholding the penalty of Rs. 12,74,206/-. Subsequently, the Company filed an application seeking rectification of the appellate order. Pursuant thereto, a corrigendum dated 29.06.2026 was issued correcting the demand details and setting aside the entire penalty amount.

    The penalty imposed for irregular availment of input tax credit u/s 140(9) by filing Tran-1 Form under the Central Goods & Services Tax Act, 2017 during the financial year 2017-18
  • Fine or penaltyAdditional Commissioner, Grade-II Appeal, Gautambudha Nagar, Uttar PradeshSince 20 May 2026

    In continuation of disclosure given by the Company in its Integrated Filing (Governance) for the quarter ended December 31, 2024 regarding levying of penalty of Rs. 2,21,039/- under Section 73 of the Uttar Pradesh Goods and Services Tax Act, 2017 against TV18 Broadcast Limited (since merged with the Company w.e.f. October 3, 2024) ), an appeal was filed against the order, the Company has received an appeal order dated May 20, 2026 partially upholding the penalty of Rs. 40,000/-while the balance amount of Rs. 1,81,039/- has been waived off.

    The penalty imposed for alleging excess availment of input tax credit during the financial year 2019-20.
  • Fine or penaltyAdditional Commissioner,Gautambudha Nagar, Uttar PradeshSince 1 Jul 2026

    In continuation of disclosure by the Company in its Integrated Filing (Governance) for the quarter ended December 31, 2025 regarding levy of penalty of Rs. 30,798 under Section 73 of the CGST Act, 2017 on TV18 Broadcast Limited (since merged with the Company w.e.f. October 3, 2024), an appeal was filed against the order, the Company has received an order-in-appeal dated May 30, 2026 setting aside the entire penalty of Rs. 30,798/-. The entire demand along with interest and penalty has been dropped.

    Excess claim of Input Tax Credit during the financial year 2021-22.
  • Fine or penaltyCommissioner, NOIDA: Meerut, CBICSince 23 Jun 2026

    In continuation of stock exchange intimation filed by the Company on February 4, 2025, regarding levy of penalty of Rs. 23,98,44,066/- on TV18 Broadcast Limited (since merged into the Company w.e.f. October 3, 2024), an appeal was filed against the order , the Company has received an appeal order dated June 23, 2026 upholding the entire penalty amount.The Company will be filing appeal against this order.

    Irregular availment of transitional credit including credit of Cess / KKC by filing Form TRAN-1 u/s 140(1), 140(2) and 140(9) of the Central Goods & Services Tax Act, 2017 / Uttar Pradesh Goods & Services Tax Act, 2017 during the financial year 2017-18MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.