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 has issued a Postal Ballot Notice seeking shareholder approval via special resolution for the appointment of Mr. Raj Kumar Jain as an Independent Director. Mr. Jain was appointed as an Additional Director (designated as Independent Director) by the Board on March 25, 2026, effective for a term of 5 consecutive years subject to member approval. He is a veteran corporate executive with a distinguished career spanning leadership roles at Times of India Group (as CEO), Walmart-Bharti JV, Whirlpool India, and Hindustan Lever/Unilever. Mr. Jain holds directorships in several listed companies including SRF Limited, JK Agri Genetics Limited, and Relaxo Footwears Limited. He does not hold any shares in Network18 as of the notice date and is not related to any Director or KMP of the Company. The e-voting period runs from May 12, 2026 to June 10, 2026.
The appointment brings experienced leadership to the Board, with Mr. Jain's expertise in sales, marketing, and supply chain expected to benefit the Company's strategic direction. This is a routine governance update with no immediate financial or operational implications for shareholders.