AS PER LETTER ATTACHED
Awaiting price reaction for this filing.
The Board of Directors of Esha Media Research Ltd met on June 10, 2026 (12:30 PM to 3:35 PM) and approved several key items. These include the Directors' Report and Secretarial Audit Report for FY ending March 31, 2026, and fixing July 7, 2026 as the date for the 43rd Annual General Meeting (AGM). The Board recommended regularization of Mr. Siddharth Saraf as Managing Director and several Independent Directors (Mr. Ashok Kumar Thakur, Ms. Reena U. Wagh, Ms. Dimple Joshi) for 5-year terms. M/s S.K. Patodia & Associates LLP was recommended as Statutory Auditor for 5 years (FY 2026-27 to 2030-31). The Board also approved borrowing of up to Rs 50 Crores under Section 180(1)(c) of the Companies Act and payment of managerial remuneration in excess of limits in case of inadequate profits.
Multiple significant items: Rs 50 Crore borrowing approval could lead to higher debt and interest costs, while the excess managerial remuneration approval signals possible inadequacy of profits. Director regularizations and statutory auditor appointment are routine but require shareholder approval at the upcoming AGM on July 7, 2026.