Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dissolution of NW18 HSN Holdings Plc
NETWORK18 · price
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Network18 has informed the exchanges that its associate company, NW18 HSN Holdings Plc, has been formally dissolved with effect from May 27, 2025, following a voluntary winding up. NW18 HSN has therefore ceased to be an associate of Network18. Importantly, NW18 HSN was a non-operating entity and contributed nothing to the company's consolidated turnover or networth in FY2024-25. The disclosure was made under SEBI Listing Regulations and signed by the Company Secretary on June 6, 2025.
This is a routine housekeeping announcement with no material financial impact, as the dissolved entity was non-operating and had nil contribution to Network18's revenue or networth. Shareholders are unlikely to see any meaningful effect on stock price or business operations.