Corporate Action - Board to consider dividend
ENIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 0.6 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Entertainment Network (India) Limited held its Board meeting on 15 May 2026 to consider FY2026 results. The Board recommended a dividend of Rs. 2 per equity share (same as previous year), aggregating to Rs. 953.41 lakhs, subject to shareholder approval at the ensuing AGM. For FY2026, standalone revenue grew to Rs. 53,957.77 lakhs from Rs. 52,263.14 lakhs in the previous year, but the company posted a net loss of Rs. 564.04 lakhs compared to a net profit of Rs. 1,180.95 lakhs in FY2025. Consolidated revenue stood at Rs. 55,717.66 lakhs with a net loss of Rs. 739.28 lakhs. The auditors issued an unmodified opinion on the financial results. The company also announced the sale of four FM radio stations (Kanpur, Lucknow, Nagpur, Hyderabad) for Rs. 1,960 lakhs, subject to regulatory approvals.
The company maintained dividend despite posting a loss, which may provide some support to shareholder sentiment. However, the loss-making performance and unchanged dividend could raise concerns about long-term dividend sustainability if losses continue.