Interim report
Page 1
entertainment network (India) limited Registered Office: The Times Group, Sunteck Icon, CTS 6956 VLG, Kolekalyan Vimantal, CST Link Road, Kalina, Near Mercedes Show Room, BKC Junction, Santacruz East, Mumbai - 400098, Maharashtra, India. Tel: 022 68896222. E-mail: mehul.shah@timesgroup.com www.enil.co.in Corporate Identity Number: L92140MH1999PLC120516 3 November 2026 BSE Limited, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai – 400001 National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 BSE Scrip Code: 532700/ Symbol: ENIL Sub: Outcome of the Board Meeting held on 3 November 2026 Dear Sir/ Madam, Pursuant to Regulations 30, 33 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time [‘Listing Regulations’], this is to inform that a meeting of the Board of Directors of Entertainment Network (India) Limited was held on Tuesday, 3 November 2026, wherein following business was inter alia transacted: Considered, approved and took on record the un-audited financial results (standalone and consolidated) of the Company for the quarter and six months ended 30 September 2026, pursuant to Regulation 33 of the Listing Regulations as attached. Took on record the Limited Review Report for the aforesaid financial results as attached. Considered other business items. The Board Meeting was held at the Registered Office of the Company at The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai - 400098. The Board Meeting commenced at 11.45 a.m. and concluded at 7.00 p.m. Aforesaid financial results will be available on the website of the Company www.enil.co.in at: https://www.enil.co.in/stock-exchange-filings-fy2027.php and at BSE Limited at: https://www.bseindia.com/corporates/Comp_Resultsnew.aspx and at National Stock Exchange of India Limited at: https://www.nseindia.com/companies-listing/corporate-filings-announcements The trading window for trading in the securities of the Company will re-open after the expiry of 48 (forty-eight) hours post the aforesaid financial results are made generally available. Thanking you, For Entertainment Network (India) Limited Mehul Shah EVP - Compliance & Company Secretary (FCS no- F5839) Encl: a/a
Page 2
Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 42nd Floor, Building Commerz 111, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Entertainment Network (India) Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Entertainment Network (India) Limited ('the Company') for the quarter ended 30 September 2026 and the year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. ~~~;;;~ ,,-~-,\~ \\'.,,Q,,,l I~ \ ,,( ~t:7· 1''' ~~'-,._--~i~l? ~<O Acco,:S,.'::J ¾,.,~...- Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification Offices in Ahmedabad, Bengaluru, Bhubaneswar, Cl1andigarh, Chennal, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, number AAC~2085 and has its registered Jaipur, Kochi, Kolkata, Mumbai, New DelMi, Noida and Pune office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 3
Entertainment Network (India) Limited Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Mukul Rathi Partner Membership No.: 130856 UDIN: 26130856UHKKKW8754 Place: Mumbai Date: 03 November 2026 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number Offices In Ahmadabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Guru gram, Guwahati, Hyderabad, Indore, AAC-2085 and has its registered office at L- Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Naida and Pune 41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 4
Entertainment Network (India} Limited Registered Office: The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakeholder.relatlons@llmesgroup.com. Website: www.enll.co.ln Corporate Identification Number: L92140MH1999PLC120516 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 ri In Lakhs Sr.No Particulars Quarter ended Six months ended Year Ended 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 {Unaudited) {Unaudited) (Unaudited) {Uneudi!ed) (Unaudlted} (Audited) 1 Income from operations: e) Revem1e from operations 11,161.85 10,910.15 13,211.52 22,072.00 24,326.36 53,957.77 b) Other operating Income 203.15 165,62 330,02 368.77 511.17 789.44 Total Revenue from operations 11,365,00 11,075.77 13,541.54 22,440.77 24,837.53 54,747.21 2 other income 750.54 824,36 650.03 1,574.90 1,431.58 3,190.62 3 Total Income (1+2) 12,115.54 11,900.13 14,191.57 24,015.67 26,269.11 57,937,83 4 Expenses: a) Employee bsnefit exp6nse 3,193.64 3,243.97 3,637.05 6,437.61 7,294.55 12,954.88 b) Production 6Xpenses 3,838.49 3,447.54 4,829.06 7,286.03 7,993.44 19,861.52 c) License fees 841.63 829.44 863.68 1,671.07 1,708.45 3,414.44 d) Depreciation & amortisation expenses 2,098.88 2,001.05 1,923.63 4,099.93 3,832.74 7,878,69 e) Finance cost 295.89 303.41 328.36 599,30 647.09 1,332.59 f) Other expenses 2,365.64 2,676.43 3,183,92 5,042.07 6,194.39 14,492.53 Total expenses [sum of a) to f)] 12,634,17 12,501.84 14,785.70 25,138.01 27,670.66 59,934.65 5 (Loss) before exceptional Items and tax (3-4) {518,63) (601.71) (574.13) (1,120.34) (1,401.55) (1,996.82) 6 Exceptional Items (Refer Note 4) (970.48) 7 (Loss) before tax (5+6) (518.63) (601.71) (574.13) (1,120.34) (1,401,55) (2,967,30) 8 Tax expense Currant tax ' D6f6rred tax expense I {benefit} (130.53} (151.44) (216.99) (281,97) (529.71) (2,403.26} Total tax expense (130.53) (151.44) (216.99) (281.97) {529,71) (2,403,26) 9 Net (Loss) for the period/ year (7-8) (388.10) (450.27) (357.14) (838.37) {871,84) {564,04) 10 Other comprehensive Income/ (less), net of Income tax a) Items that will not be reclassified subseqt.i~ntly to profit or loss Remeasurement of post employment benefit obligations 7.45 83.77 27.50 91.22 (39.21) 203.58 Income tax relating to items that will not be reclassified to profit or loss (1.88) (21.08) (7.54) (22.96) 14.82 (47.03) Total other oomprehensive (loss)/ income, net of Income tax 5.57 62,69 19,96 68.26 (24.39) 156.55 11 Total comprehensive (loss) for the period/ year (9+10) (382.53) {387,58) (337,18) {770.11) {896,23) (407.49) 12 Paid-up Equity Share Capital (Face value per share t' 10) 4,767,04 4,767.04 4,767.04 4,767.04 4,767.04 4,767.04 13 Other squlty 70,867.56 14 Earnings per share (EPS) (off 10 each) a) Basic (not annualised except for the year end) , (0.81) (0.94) {0.75) (1.76) (1.83) (1.18) b) Diluted (not annualised except for the year end) i!'. (0,81) (0,94) {0,75) (1.76) {1.83) (1.18} Sse accomp.inying notes to the standalone financial results Notes: 1. The standalone financi.ils results for the quarter and six months p6riod ended September 30, 2026 were reviewed by the Audit Committee and subsequently approved by the Board of Directors of t11e Company at Its meeting held on November 03, 2026. The financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting St.indard 34 "Interim financial reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules Issued there under and In compliance with Regulation 33 of1hs Sscurilies and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Page 5
Entertainment Network (India} Limited Registered Office: The Times Group, Sunteck Icon, CST"Llnk Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakeholder.relatlons@llmesgroup.com. Website: www.anil.co.in Corporate Identification Number: L92140MH1999PLC120518 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 2. Standalone Statement ol Assets and Liabilities: If In Lakhs) Sr.No Particulars As al Asal 30-Seo-26 31-Mar-26 /Unaudited 1Audlted A ASSETS 1 Non.current assets Property, plant and equipment 4,428.65 4,748.49 Right-of-use assets 9,267.90 10,769.15 Capital work-In-progress 2.30 0.80 Investment properties 48.43 49.87 Other Intangible assets 20,177.56 21,514.94 Intangible asset under development 17.51 Financial assets Investments 15,983.56 16,970.23 Other financial assets 1,884.11 2,237.16 Deferred tax assets {net) 5,448.84 5,187.64 Non-Current tax assets (net) 980.93 1,140.72 Other non-current assets 3,518.08 4,155.59 Total Non-Current Asaets 61,755,65 66,774.59 2 Current assets Financial assets Investments 20,879.41 23,883.21 Trade receivables 16,701.37 17,435.53 Cash and cash equivalents 420.82 1,670.57 Bank balances other than cash and cash equivalents 395.76 386.57 Loans 101.85 Otharflnanclal assets 1,859,89 795,02 Other currant assets 10,524.31 7,601.24 Total Currant Assets 50,883.41 51,572.14 TOTAL ASSETS 11+2) 1,12,639.06 1,18,346.73 B EQUITY AND LIABILITIES 1 Equ!ty Equity share capital 4,767.04 4,767.04 Other anujtu 69,144.04 70,867.58 Total Enulty 73,911.08 75,634.60 Liabilities 2 Noneeurrent liabllltlos Financial liabilities Lease liabilities 11,833.55 13,390,81 Provisions 1,071.27 1,366.84 Tota! Non-Currant Liabilities 12,904.82 14,757.65 3 Current lfabllltlas Financial llabllitles Lease llabllltlas 2,577.04 2,197.66 Trade payables (A) total outstanding dues or micro enterprises and small enterprises 784.76 967.46 (B) total outstanding dues of creditors other than micro enterprises and 15,808.38 15,920.32 small enterprises Other financial liabilities 1,120.08 877.71 other current llabllltles 4,814.74 7,142.90 Provisions 938.16 848.43 Total Current Liabilities 25,823.16 27,954.48 TOTAL EQUITY AND LIABILITIES 11+2+3\ 1,12,639.06 1,18,346.73 ~
Page 6
Entertainment Natwork (lndla) Limited Registered Office: The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakeholder,relatlons@tlmesgroup.com. Website: www.enll.co.in Corporate Identification Number: L92140MH1999PLC120516 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 3. Stande.lone Statement of Cash Flows: 1, In Lakhs For the period For the period Sr.No Particulars ended ended I 30-Sep-26 30-Sep-25 (Unaudited) (Unaudited) A CASH FLOW FROM OPERATING ACTIVITIES: (Losa) before exceptional Items and taxation (1,120.34) (1,401.55) Adjustments for : Depreciation & amortisation expenses 4,099.93 3,832.74 Interest Income on fair valuation of deposits (9.95) (5,58) Finance cost 599.30 647.09 Provision no longer required written back (349.47) (509.86) , Interest on fixed deposit {931.78) (712.05) Gain on termination of lease (68.49) (28.17) Gain on fair value of Investments {203,55) (456.76) Profit on sale of current lnvastments (238.73) (161.91) Exchange (gain)/ loss 10.19 (3.31) Interest income on Income tax refund (42.15) (Proflt)/Loss on sale of property, plant and equipment (26.44) 8.02 Interest Income on others (11.44) (8.85) Provision for doubtful debts (net) 1.61 25.80 Bad debts written off 7.02 45.94 Ooeratln rofit before workim1 capital cham1es 1,715.71 1,271.55 Adjustments for changes In working cap!tal: (Increase)/ Decrease In trade recelv;,bles 715.34 (1,632.36) (Increase)/ Decrease In other non current financial assets 374.44 (663.46) (Increase) In other bank balances (9.19) (592.48) (Increase) In ether current financial assets (1,181.39) (363.60) Decrease In other non current assets 637.53 3,670.98 {Increase) in other current assets (2,998.98) (5,137.15) Increase in other current financial liabilities 242.37 88.10 Increase/ (Decrease) in trade payables (166.36) 2,048.48 Increase/ (Decrease) in other current liabilities (2,328.16) 388.34 Increase/ 'Decrease\ in "rovislons (114.62) 24.34 Cash used In operations (3,113.31 (897.26 Texas lr>ald\/refund (net) 201.94 (613.98 Net cash flow used in operating act!vltles !Al (2,911.37 {1,511.24 B CASH FLOW FROM INVESTING ACTIVITIES : Purchase of property plant & Bquipment, Including capital work In progress and capital (1,476.51) (1,334.92) advances Proceeds from sale of property, plant and equipment 140.19 3.62 Interest received 946.46 799.12 Purchase of current Investments (424.18) (42.16) Proceeds from sale of current Investments 1,327.86 7,361.87 Purchase of non-current Investment (3,315.73) Proceeds from sale of non-current investments 986.67 610.44 Purchase of mutual fund units (28,682.00) {31,611.42) Proceeds from sale of mutual fund units 31,024.41 30,394.73 Net cash flow generated from lnvestln11 activities 1B) 3,842.90 2,865.55 C CASH FLOW FROM FINANCING ACTIVITIES ; Principal lease liability payment (629.09) (508.03) Interest paid (598.78) (641.32) Dividend paid {953.41) (953.41) Net cash flow used in financing activiti11s {C) (2,181.28) (2,102.76) Net {Decrease) In Cash and Cash Equivalents (A)+(B)•·(C) (1,249.75) (748.45) Cash and Cash Equivalents as at the beginning of the period {A) 1,670.57 1,248.53 Cash and Cash Equivalents as at the end of the period (B) 420.82 500.08 Net change as per Statement of Cash Flows (BJ-(A) 11 249.75 746.45
Page 7
4 Exceptional Items consist of: Entertainment Network (lndla) Limited Registered Office: The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakehotder.relatlons@tlrnasgroup.com. Website: www.enil.co.in Corporate Identification Number: L92140MH1999PLC120516 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 The Government of India notified the Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Health and Working Conditions Code, 2020 (collectively, "Labour Codes") on November 21, 2025. Based on the revised definition of wages under the Labour Codes, the Company recognized an expense of Rs. 970.48 lakhs for the year ended March 31, 2026 respectively towards gratuity and leave encashment as an exceptional item. The Company continues to monitor the finalisation of Central I State Rules and clarifications from the Government on other aspects of the Labour Cods and would provide appropriate accounting effect on the basis of such developments es needed. 5 On April 27, 2023, the Hon'ble Madras High Court pronounced Its order In the ma lier of the Company vs Phonographic Performance Limited ('PPL'), whereby the Hon'ble Madras High Court had partly allowed the appeals. The management has filed a special leave petition before the Hon'ble Supreme Court of India. The case Is yet to be heard by the Hon'ble Supreme Court of India. In the meanwhile, PPL had filed a contempt petition before the Hon'ble Madras High Court against the Company. The Company filed an appeal against the petition, before the Hon'~le Madras High court for which the Company received a favourable order dated December 10, 2025. Currently, the matter is pending with the Hon'ble Supreme Court of India. The management, based on external legal advice and Internal assessment, believes that the chances of a cash outflow on account of the aforesaid matter is remote. The Company entered Into a Term Sheet with Abhijlt Realtors & lnfraventures Private Limited {Abhljlt Realtors) to transfer and vest tangible and Intangible assets relating to four FM Radio Stations - Kanpur 91 .9 FM, Lucknow 107.2 FM, Nagpur 91.9 FM and Hyderabad 104 FM (excluding any trademarks or other Intellectual property rights owned by the Company) through its wholly owned subsidiary, Alternate Brand Solutions (India) Limited ("ABSL") for a consideration of Rs.1,960.00 lakhs plus applicable taxes, in such manner as may be mutually agreed between the Parties and subject to inter alia, execution of definitive documents, approval of the Ministry of Information and Broadcasting, Government of India (MIB), and fulfilment of such other conditions precedent as may be mutually agreed. The carrying value of related assets end liabilities is insignificant. MIB vide letter dated July 17, 2026, has approved the transfer of the aforesaid FM Radio Stations to ABSL. Accordingly, the Asset Transfer Agreement Is proposed to be executed between the Company and ABSL for the transfer of the Identified FM Radio Stations, subject to receipt of the remaining statutory and regulatory approvals, execution of definitive documentation, and fulfilment of such other conditions. 7 Bennett, Coleman and Company Limited ("BCCL"), and Times Horizon Private Limited (''THPL") had made disclosures to the Company In relation to the reorganisation involving BCCL and THPL through a scheme of arrangement between them and their respective shareholders and creditors pursuant to Sections 230-232 and other applicable provisions of the Companies Act, 2013 ("Scheme"), and the reorganisation agreement executed betwsen them. The Hon'ble National Company Law Tribunal ("NCL T"), Mumbai Bench, vide its order dated 4 February 2026, had approved the Scheme. The Scheme became effective on 1 September 2026 ("Effective Date"). Pursuant to the Schsrne, !he 11on-publishing business of BCCL (which Includes education, Investment, broadcasting, media, entertainment and other allied activities) ("EIBME Business") has been demerged and vested from BCCL Into THPL on a going concern basis from the Effective Date. EIBME Business includes the shareholding of BCCL In the Company. Consequently, THPL has become the promoter of ENIL effective 1 September 2026. Pursuant to the Income-tax Act, 2025, the Company has decided to opt for the new tax regime with effect from April 1, 2026. Accordingly, the Company has remeasured its deferred tax assets and llabllllies as at March 31, 2026 using the applicable tax rate under the new tax regime. The Impact of such remeasurement resulted Into reversal of Deferred Tax in the Statem·ent of P&L Is Rs. 1,717.75 lakhs (out of the total Rs. 2,356.22 lakhs), and the Deferred Tax charge recognised in Other Equity Is Rs. 341.sg Iakhs. Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessary. The impact, if any, are not material to financial results. Place: New Delhi Date: November 03, 2026 For and on behalf of the Board Entertainment Network (India) Li;Tiited V-,_1-. _..,,r V!neet Jain Chairman DIN: 00003962
Page 8
Walker Chandiok &_Co LLP Walker Chandiok & Co LLP 42nd Floor, Building Commerz Ill, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), M umbai-400063 T +91 22 6626 2699 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Entertainment Network (India) Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Entertainment Network (India) Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), (refer Annexure 1 for the list of entities included in the Statement) for the quarter ended 30 September 2026 and the consolidated year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 241 o, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. //4 ... ~~f~~t~ ~( ~\f~\\ II~( ~I J;)1, ~ .1,\ .;!:.? \ 'i-'>;\.-.. ./ 'i'· \>~ ¢';;,,"'--~,.,. ,~ "-,;!:_l'D Acco1-<> ~.,~-~~, Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification Offices in Ahmadabad, Bengaluru, Bhubaneswar, Chandigarh, Channa[, Dehradun, Goa, Gurugram, GuwahaU, Hyderabad, Indore, number AAC-2085 and has its registered Jaipur, Koc hi, Kolkata, Mumbai, New Delhi, Nolda and Pune office at L-41, Connaughl Circus, Outer Circle, New Delhi, 110001, India
Page 9
Entertainment Network (India) Limited Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 5. We did not review the interim financial information of two (2) subsidiaries included in the Statement, whose financial information reflects total assets off 1,808.09 Lakhs as at 30 September 2026, and total revenues off 146.88 Lakhs and t 320.40 Lakhs, total net loss after tax oft (104.39) Lakhs and t (226.78) Lakhs, total comprehensive loss oft (93.60) Lakhs and~ (210.02) Lakhs, for the quarter and year-to-date period ended on 30 September 2026, respectively, and net cash inflows oft 91.12 Lakhs for the period ended 30 September 2026, as considered in the Statement. These interim financial information have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as ii relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Further, these subsidiaries, are located outside India, whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial information of such subsidiaries from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion, in so far as ii relates to the balances and affairs of these subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 ~, Mukul Rathi Partner Membership No. 130856 UDIN: 26130856GLYQJW8461 Place: Mumbai Date: 03 November 2026 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number Offices in Ahmadabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Oehradun, Goa, Gurugram, Guwaha~. Hyderabad, Indore, AAC-2085 and has its registered office at L- Jaipur, Koehl, Kolkata, Mumbai, New Delhi, Noida and Puna 41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 10
Entertainment Network (India) Limited Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) Annexure 1 List of entities included in the Statement 1. Entertainment Network (India) Limited (Holding Company) 2. Alternate Brand Solutions (India) Limited (Subsidiary Company) 3. Entertainment Network Inc. (Subsidiary Company) 4. Entertainment Network LLC (Step-down Subsidiary Company) 5. Global Entertainment Network Limited W.L.L (Subsidiary Company) 6. Mirchi Bahrain W.L.L (Subsidiary Company) Chartered AGcountants Walker Chandiok & Co LLP is registered with limited liability with identification number Offices in Ahmed a bad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Guru gram, Guwahati, Hyderabad, Indore, AAC-2085 and has its registered office at L- Jalpur, Koehl, Kolkata, Mumbai, New Delhi, Noida and Puna 41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 11
Entertainment Network (lnd!a) Limited Registered Office: The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East. Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakeholder.relatlons@tlmesgroup.com. Website: www.enll.co.ln Corporate Identification Number: L92140MH1999PLC120516 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 /if in Lakhs Quarter ended Six months ended Year ended Sr,No Particulars 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar,26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) {Unaudited) (Audited) 1 Income from operat!one: a) Revenue from operations 11,467.03 11,201.58 13,775.03 22,668.61 26,287.58 65,717,66 b) Other opera11ng Income 203.16 166.92 338.90 370.08 520.49 799,49 Total Revenue from operations 11,670.19 11,368.50 14,113.93 23,038,69 25,808.07 56,517,15 2 Other Income 757,51 843.27 674.85 1,600,78 1,471.04 3,271.42 3 Total Income (1+2) 12,427.70 12,211,77 14,788.78 24,639.47 27,279.11 59,788.57 4 Expenses: a} Employee benefit expense 3,303.45 3,356.19 3,738.64 6,659,64 7,492.36 13,379.47 b) Production expenses 3,862.64 3,496.16 5,116.04 7,368.80 8,329.15 20,360.06 c) License fees 825.11 848,93 849.85 1,674.04 1,712.02 3,427.20 d) Depreciation & amortisation expenses 2,259.93 2,169.46 2,072.55 4,419.39 4,122.08 8,475.14 e) Finance cost 314.75 334.06 369.43 648.80 692.88 1,435.00 I) Other expenses 2,473,55 2,765.00 3,271.53 5,238.55 6,379.56 14,853,88 Total expenses [sum of a} to f)] 13,039.43 12,959,79 15,408,04 25,999.22 28,728.05 61,930.75 5 (Loss) before share of profit of an associate and a Joint venture, exceptional Items and tax (3-4) (611.73) (748.02} (619.26) (1,359.75) (1,448.94) {2,142.18) 6 Share of Profit of associates and Joint ventures 7 (Loas) before exceptlonal Items and tax (5-6) (611.73) (748.02) (619,26) (1,359.75) {1,448.94) (2,142.18) 8 Exceptional Items {Reier Note 6) (970.48) 9 {Loss) before tax (7+8) (911.73) (748.02) (619,26) (1,359.75) {1,448.94) {3,112.66) 10 Tax expense Current tax 5,37 3.30 7.42 8.67 14.34 29,88 Deferred tax expense I (benefit} (131,63) (150.34) (217.76) (281,97) (528.12) {2,403.26} Total Tax expense {126.26) (147,04) (210.34) (273.30) (513,78} {2,373.38) 11 Net (Loss) for the period/ year {9 -10) {485.47) (600.98) (408.92) {1,086.45) (935.16) (739.28) 12 Other comprehensive Income/ (loss), net of Income tax a) Items that will not be reclassified subsequently to profit or loss Remeasurement of post employment benefit obligations 7.45 83.77 23.88 91.22 (43.43) 203.58 Income tax relating to Items that will not be reclassified to profit or loss (1.88) I (21.08) (6.55} (22.96) 16.41 (47.03) b} Items that will be reclassified to profit or loss Exchange differences on translation of foreign operations 11.17 (10.53) 18.81 0.64 19.57 , .... 71,51 Total other comprehensive (loss)/ Income, net of Income tax 16,74 52,16 36,14 68.90 (7.45) 228.06 13 Total comprehensive (loss) for the period I year {11+12) (468.73) {548.82) (372,78) (1,017.55) (942.61) (511.22) 14 Net Profit I (Loss) attr!butable to - Owners of the Company (485.47) {600.96) (409.85) ' (1,086.45) (948.63) (766.17) - Non-controlling interest 0.93 13.47 26.89 15 Total comprohonslve Income attributable to: - Owners of the Company (468.73) (548,82) (373.71) (1,017.55) (956.08) (638.11) - Non-controlling Interest 0.93 13.47 26,89 16 Paid-up Equity Share Capital (Face value per share , 10) 4,767,04 4,767.04 4,767.04 4,767,04 4,767.04 4,767.04 17 other equity 71,029.80 18 Earnings per share (EPS) (of, 10 each) a) Basic (not annualised except for the year end) it (1.02) (1.26) (0.86) (2.28) (1.96) (1.55) bjlDlluted (not annualised except for the year end)'< (1.02) (1.26) (0.86) (2.28) (1.96} (1.55) See accompanying notes lo lhe consolidated financial results Notes: 1, The consolidated financials results for the quarter and six months period ended September 30, 2026 were reviewed by the Audit Committee end subsequently approved by the Board of Directors of the Company at Its meeting held on November 03, 2026. The financial results have been prepared In accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim financial reporting" {Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules Issued there under and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements} RegulaUons, 2015. 2. The consolidated results Include results of the Company's subsidiaries Alternate Brand Solutions (India) Limited ("ABSL"), Entertainment Network, INC. ("EN INC"), Global Entertainment Network Llrr\ited W.L.L ("GENL") and Mlrchl Bahrain W.L.L ("MSW LL") and step down subsidiary Entertainment Network, LLC ("EN LLC"), which are consolidated In accordance with the Ind AS 110 "Consolidated Financial Statements" as prescribed under Section 133 of the Companies Act, 2013.
Page 12
Entertainment Network (India) Limited Registered Office: The Times Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68898222. E-mail: stakeholder.relations@timesgroup,\:Om. Website: www.enll.co.ln Corporate ldenlilicatlon Number: L92140MH1999PLC120516 . CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 3. Consolidated Statement of Assets and Liabilities: l,E in lakhs Sr.No Particulars As at Asal 30-Sr-26 31-Mar-26 Unaudited) IAudltedl A ASSETS 1 Non-current assets Property, plant and equipment 4,491.44 4,614.81 Right-of-use-assets 10,415.52 12,185.97 Capital work-in-progress 2.30 0.80 Investment properties 48.43 49,87 Other intangible assets 20,338.27 21,691.38 Intangible asset under development 17.51 Financial assets Investments 14,051.69 15,038.35 Other financial assets 2,014.15 2,365.11 Deferred tax assets {net) 5,484.24 5,227.37 Income tax assets (nat) 985.01 1,137.08 Other non-current assets 3,518.06 4 155.59 Total Non-Current Assets 61 366.62 66,666,33 ' Current assets Financial assets Investments 20,879.41 23,683.21 Trade receivables 16,946.65 17,851.85 Cash and cash equivalents 2,490.11 3,637.40 Bank balances other than cash and cash equivalents 395.76 386.57 Loans 101.85 other financial assets 1,863.75 799.23 Otl1er current assets 10 585.29 7,619.02 Total Current Assets 53,262.82 53,977.28 TOTALASSETSl1+2 114 629.44 1,20,643.61 B EQUITY AND LIABILITIES 1 Equity Equity share capital 4,767.04 4,767.04 Other equity 69,058.83 71,029.80 Total Equity attributable to shareholders 73,825,87 75,796.84 Non ➔ controlllna interests 64.79 91.46 Total Eauitv 73,890.66 75,888.30 Liabilities 2 Non-current llabll!tles Financial liabilities Lease liabilities 12,460,67 14,309.46 Provisions 1,071.27 1,366.84 Total Non-Current Llabllllles 13,531.94 15,676.30 3 Current l!abll!tles Financial liabilities Lease liabilities 3,178.08 2,766.97 Trade payables {A) total outstanding dues of micro enterprises and small enterprises 764,76 967.46 {8) total outstanding dues of creditors other than micro enterprises and small 16,346,95 16,428.12 enterprises Other financlAI liabilities 1,132.02 878.68 Other currant llabilitles 4,839.33 7,182.41 Provisions 945.70 855,37 Total Current liabilities 27 206,84 29,079.01 TOTAL EQUITY AND LIABILITIES /1+2+3\ 114,629.44 1,20,643.61
Page 13
Entertainment Network (lndla) Limited Registered Office: The Times Group, Sunteck Icon, CST link Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakeholder.relatlons@tlmesgroup.com. Website: w,,w1.enil.co.in Corporate Identification Number: L92140MH1999PLC120516 CONSOLIDATED FINANCIAL RES UL TS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 4. Consolidated Statement of Cash Flows: 1, in Lakhs 1 For th& p&rlod For th& p&rlod Sr No. Partlculars ended ended 30-Seo-26 30-Seo-25 /Unaudlted\ /Unaud!tedl A CASH FLOW FROM OPERATING ACTIV!TIES : (Loss) before exceptlonal Items and taxation (1,359.75) (1,448.94) Adjustments for: Depreciation & amortisation expenses 4,419.39 4,122.08 Interest Income on fair valua~on of deposits (9.95) (5.58) Finance cost 648.80 692.88 Provision no longer required written back {350.78) (518.49) Interest on fixed deposit (967.13} (759.73) Gain on termination of lease (68.49) (28.17) Profit on fair value of Investments (203,55) (456,76) Profit on sets of current investments (238,73} (162.13) Exchange (galn)lloss 10.39 (3.16) Interest Income on Income tax refund (42.15) {Pront)/Loss on sale of property, plant and equipment (26.44) 8.02 Interest income on others (1.85) (0.13) Provision for doubtful debts (net) 30.08 45.94 Bed debts written off 7.02 35.40 Operating profit before work!no capital chanoes 1 848.86 1 521.23 Adjustments for changes In working capital : (Increase}/ Decrease In trade receivables 842.06 {1,633.14) (Increase)/ Decrease In other non current financial asset.~ 373.30 (667.58) (Increase) In other bank balances (9.19) (592.48) (Increase) In other current financial assets (1,181A9) (363.60) Decrease In other non current assets 637,63 3,670.98 (Increase) in other current assets (3,042.12) {5,128.38) Increase In other current financial li.ibllltles 264.99 75.71 Increase In trade payables 67.36 2,154.37 Increase/ (Decrease) In other current llabllltles (2,343.46} 391.37 lnueasel /Decrease) In □ rovlslons (114.03 20,97 Cash used In oneratlons 12 658.19 550.55 Tax (oald\lrefund /net\ 192.97 (624.84 Net cash flow used In operating activities (Al (2,465.22 1175,39 B CASH FLOW FROM INVESTING ACTIVITIES: Purchase of property plant & equipment, including capital work in progress and capital (1,479.84) (1,336.98) advances Proceeds from sale of Properly, plant and equipment 140,19 3,62 Interest received 981.68 800.03 Purchase of current investments (424.18) (42.16) Proceeds from sale of current Investments 1,327.86 7,361.87 Purchase of non-current Investment (3,315.73) Purchase of mutual fund units (28,682.00) {31,611.42) Proceeds from sale of non-current Investments 986.67 610.44 Proceeds from sale of mutual fund units 31,024.41 30,394.73 Net cash flow nenerated from investinn activities B 3,874.79 2,864.40 C CASH FLOW FROM FINANCING ACTIVITIES : Principal lease llablllty payment (906.78) {762.77) Dividend paid (953.41) (953.41) Amou,nt repaid to Non-controlling Interests (26,67) (41.34) Interest oaid (652,57 /687,11 Net cash flow used in financin,., activities ,c, 12,539.43 2,444.63 Net (Decrease) In Cash and Cash l:.qulvalents (A)+{B)+(C) (1129,86 /755,62 Cash and Cash Equivalents as at the beginning of the period 3,637.40 1,894.83 Effect of foreign exchange on cash and cash equivalents {17.43) 18,37 Cash and Cash Equivalents as at the end of the period 2,490.11 1,157.58 Net change as per Statement of Cash Flows 11.129.86 /755.62
Page 14
Entertainment Network (India} Limited Registered Office: The Tlmes Group, Sunteck Icon, CST Link Road, Kalina, BKC Junction, Santacruz East, Mumbai, Maharashtra, India, 400098 Tel: 022 68896222. E-mail: stakeholder.relations@timesgroup.com, Website: www.snil.co.in Corporate Identification Number: L92140MH1999PLC120516 CONSOLIDATED FINANCIAL RES UL TS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 5 The Group is engaged in only one reportable business s.igment I.e. Media and Entertainment. Consequently, there Is no other reportable business segmenl The Group primarily caters to the domes\io market and has presence In the United States of America, Qatar and Bahrain. There are no reportable geographical segments. Disclosure of geographical information as per Ind AS 108 -Operating Segments:- (ot" in Lakhs) Income from operations Quarter Quarter Quarter Six months Six months Year ended ended ended ended ended ended 30-Sep-26 30-June-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 India 11,140.71 10,871.67 13,211.15 22,012.38 24,264.97 53,440.34 Outside India 529.48 496.83 902.78 1,026,31 1,543.10 3,076.81 Total 11,670.19 11,368.50 14,113,93 23,03R.69 25,808,07 56,517.15 6 Exceptional Items consist of: The Government of Ind la notlfted the Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Health and Working Conditions Code, 2020 (collectively, "Labour Codes"} on November 21, 2025, Based on the revised definition of wages under the LabOLIr Codes, the Company recognized an expense of Rs, 970.48 lakhs for the year ended Miarch 31, 2026 respectively towards gratuity and leave encashmenl es an exceptional item. The Company continues to monitor the finalisallon of Central I State Rules and clarifications from the Government on other aspects of the Labour Code end would provide appropriate accounting effect on the basis of such developments as needed. 7 On Aprll 27, 2023, the Hon'ble Madras High Court pronounced Its order In the ma tier of the Company vs Phonographic Performance Limited ('PPL'}, whereby the Hon'ble'Madres High Court partly allowed the appeal of PPL. The management has filed a special I save petition before the Hon'ble Supreme Court of India. The case Is yet to be heard by the Hon'ble Supreme Court of India, On October 4, 2023, PPL has also filed a contempt petition in Hon'ble Madras High Court against the Company, for which, currently the hearings ere In progress, The management, based on external legal advice and internal assessment, believes that the chances of a cash outfiow on account of the aforesaid matter Is remote. The management also believes that the contempt petition filing filed by PPL in Hon'ble Madras High Court will not have any impact as the matter Is already pending in the Hon'ble Supreme Court of India. Currently, the matter also stends deferred in the Hon'ble Madras High Court, pending the hearing In the Hon'ble Supreme Court of India. 8 The Company entered Into a Term Sheet with Abhljlt Realtors & Jnfraventures Private Limited (Abhijit Realtors) to transfer and vest tangible and Intangible assets relating to four FM Radio Stations - Kanpur 91.9 FM, Lucknow 107,2 FM, Nagpur 91.9 FM and Hyderabad 104 FM (excluding any trademarks or other Intellectual property rights owned by the Company) through its wholly owned subsidiary, Alternate Brand Solutions (India) Limited ("ABSL") for a consideration of Rs.1,960.00 lakhs plus applicable taxes, In such manner as may be mutually agreed between the Parties end subject to inter alia, execution of definitive documents, approval of the Ministry of Information and Brbadcasting, Government of India (MIS}, and fulfilment of such other conditions precedent as may be mutually agreed, The carrying value of related assets and liabilities Is Insignificant. MIS vlde letter dated July 17, 2026, has approved the transfer of the aforesaid FM Radio Stations to ABSL. Accordingly, the Asset Transfer Agreement is proposed to be executed between the Company end ABSL for the transfer of the identified FM Radio Stations, subject to receipt of the remaining statutory and regulatory approvals, execution of definitive documentation, and fulfilment of such other conditions. 9 Bennett, Coleman and Company Limited ("BCCL"), and Times Horizon Private Limited ("THPL") had made disclosures to the Company in relation to the reorganisation Involving BCCL and THPL through a scheme of arrangement between them and their respective shareholders and creditors pursuant to Sections 230-232 and other app]lcable provisions of U1e Companies Act, 2013 ("Schema"), and tha reorganisation agreement executed between them, T-he Hon'ble National Company law Tribunal {"NCL T"}, Mumbai Bench, vlde Its order dated 4 February 2026, had approved the Scheme. The Scheme became effective on 1 September 2026 {"Effective Date"). Pursuant to the Scheme, the non-publishing business of BCCL (which lncl,Ides education, Investment, broadcasting, media, entertainment and other allied activities) ("EIBME Business"} has been de merged and vested from BCCL into THPL on a going concern basis from the Effective Date, EIBME Business includes the shareholding of BCCL in the Company. Consequently, Tl-IPL has become the promoter of ENIL effective 1 September 2026. 10 Pursuant to the Income-tax Act, 2025, the Company has decided to opt for the new tax regime with effect from April 1, 2026. Accordingly, the Company has remeasured Its deferred tax assets and liabilities as at March 31, 2026 using the applicable tax rate under the new tax regime. The impact of such remeasurement resulted Into reversal of Deferred Tax In the Statement of P&L Is Rs, 1,717.75 lakhs {out of the total Rs. 2,356.22 lakhs), and the Deferred Tax charge recognised in Other Equity Is Rs. 341.59 lakhs. 11 Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessary. The impact, if any, are not material to ~nanclel results. For and on behalf of the Board Entertainment Network (lndla) Llml_ted V~-~--. ,__,. Vine et Jaln Place: New Delhi Chairman Date: November 03, 2026 DIN: 00003962 a s;.1WO& --=-~-- ~ ~ g c!;.,1~6io;; Q ljJ " , I MUMBAI ;;: . ~ ,'.,,.~•---.-.... , C! C 11tl.{j ~ '\\o ~ Y". ~i:::: ." ·-..1( < ~ ~ f(' ~' I i@"~,1 l; :.'Af,1 o"'>"' I 1, ... ., I '-'l !-.~~-""'