Network18 Media & Investments Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 03, 2025
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Network18 Media & Investments Limited held its 30th Annual General Meeting on July 3, 2025, via video conferencing from 4:00 PM to 5:03 PM. The meeting was chaired by Mr. Adil Zainulbhai, with Mr. B Narasimhan serving as the scrutiniser for the voting process. Remote e-voting took place between June 29 and July 2, 2025. Eight resolutions were transacted, including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of directors P.M.S. Prasad and Jyoti Deshpande (both retiring by rotation), continuation of Mr. P.M.S. Prasad as a Non-Executive Director beyond age 75, ratification of cost auditor remuneration, re-appointment of Ms. Renuka Ramnath as Independent Director, appointment of a Secretarial Auditor, and approval for material related party transactions. All resolutions were passed with the requisite majority.
This is a routine AGM disclosure confirming that all proposed resolutions, including governance items and related party transactions, were approved by shareholders. The detailed voting results will be shared separately. No immediate material impact on share price is expected, though investors should watch for the voting outcome details, especially on the related party transactions.