Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Postal Ballot Notice
NETWORK18 · price
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Network18 Media & Investments Limited is seeking shareholder approval via postal ballot for the appointment of Mr. Raj Kumar Jain as an Independent Director. Mr. Jain was appointed as Additional Director (Independent) by the Board on March 25, 2026, and this appointment now requires member ratification. He brings extensive experience including serving as CEO of The Times of India Group (Bennett Coleman & Co. Ltd.) and leadership roles at Walmart-Bharti JV, Whirlpool, and Hindustan Lever. His proposed term is 5 consecutive years starting March 25, 2026. The e-voting period runs from May 12, 2026 to June 10, 2026, with results to be announced on June 11, 2026. Mr. Jain has no shareholding in the company and is not related to any existing directors or KMPs.
Appointment of a seasoned media and retail executive as Independent Director strengthens the board with relevant industry expertise. This is a routine governance item requiring shareholder approval and is unlikely to have any immediate impact on the stock price.