Network18 Media & Investments Limited has submitted the Exchange a copy Scrutinizer's report of Annual General Meeting held on July 03, 2025. Further, the company has informed the Exchange regarding voting results.
NETWORK18 · price
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Network18 Media & Investments Limited held its 30th AGM on July 3, 2025 via video conferencing, where all 8 resolutions were passed with overwhelming majority. Total votes polled were 1,07,65,88,432 shares (about 69.82% of outstanding shares) out of 5,71,293 shareholders on record date. The resolutions included adoption of audited and consolidated financial statements for FY25 (99.99% in favor), appointment of directors Mr. P.M.S. Prasad and Ms. Jyoti Deshpande by rotation (99.62% in favor), continuation of Mr. P.M.S. Prasad as Non-Executive Director beyond age 75 (99.67% in favor), ratification of Cost Auditor remuneration (99.99% in favor), re-appointment of Ms. Renuka Ramnath as Independent Director (99.97% in favor), appointment of Secretarial Auditor (99.85% in favor), and approval for material related party transactions (99.12% in favor, with promoters excluded from voting as per SEBI norms). Promoters (with 87,72,58,759 shares) voted 100% in favor of all resolutions.
All AGM resolutions were passed with near-unanimous support from shareholders, indicating strong confidence in the company's management and direction. The results are routine procedural outcomes with no material surprises, and unlikely to cause significant stock price movement.