Den Networks Ltd

Special Window for transfer and dematerialisation

• Newspaper clippings published Oct 14, 2026 confirming a Special Window for transfer and demat of physical shares.
• Enclosures are for information; signed by Hema Kumari, Company Secretary & Compliance Officer.

Business overview

• Cable TV distribution operates in 425+ cities across 13 states.
• Broadband subsidiary DEN Broadband holds a Unified License.

Key operational highlights

• Operations cover 425+ cities in 13 states including Delhi and UP.
• 97% online collections across the group.
• No gross debt with Rs 3,417 crore cash balance.

Financial performance

• Consolidated revenue Rs 233 crore; EBITDA Rs 10 crore; PAT Rs 37 crore in Q2 FY26-27.
• Revenue mix: Subscription Rs 86 crore; Placement/Marketing Income Rs 141 crore; Other income Rs 4 crore.

Balance sheet & liquidity

• Cash & cash equivalents Rs 3,417 crore as of 30-09-2026.
• Net worth Rs 3,858 crore; Total assets Rs 4,458 crore as of 30-09-2026.

Standalone results

• Revenue from operations: Rs 2,368.97m in Q2 FY27.
• Total income: Rs 2,985.06m in Q2 FY27.
• PAT after tax: Rs 284.16m in Q2 FY27.
• EPS (Basic): Rs 0.60 in Q2 FY27.
• Half-year PAT: Rs 613.34m; EPS 1.29 (H1).

Consolidated results

• Consolidated quarterly revenue from operations: Rs 2,325.57m.
• Total income (consolidated) for Q2: Rs 2,932.86m.
• PAT after tax (consolidated): Rs 367.74m in Q2 FY27.
• EPS (Basic) (Consolidated): Rs 0.77 in Q2 FY27.
• Half-year PAT (Consolidated): Rs 713.63m; EPS 1.87 (H1).

Capex & cash flow highlights

• Consolidated PPE capex: Rs 103.10m in H1 FY27.
• PPE sale proceeds: Rs 3,525m in H1 FY27.
• Net cash from operating activities: Rs 31.35m.
• Net decrease in cash and cash equivalents: Rs 90.28m.
• Ending cash and cash equivalents: Rs 109.32m.

DEN Networks Limited — Trading Window Closure: Oct 01, 2026 start; ends 48 hours after the financial results for the quarter and half year ending Sep 30, 2026 become Generally Available Information

AGM Details

• Date and mode: Sep 2, 2026; VC/OAVM.
• Time: 12:30 PM IST.
• Record date: Aug 26, 2026.

Key Resolutions

• Resolution 1(a) Ordinary: adopt audited financial statements for year ended March 31, 2026.
• Resolution 1(b) Ordinary: adopt audited consolidated financial statements for year ended March 31, 2026.
• Resolution 2 Ordinary: appoint Anuj Jain as Director by rotation.
• Resolution 3 Ordinary: ratify Cost Auditors' remuneration for FY ending March 31, 2027.
• Resolution 4 Ordinary: approve Material Related Party Transactions.

Voting Results

• Resolution 1(a) passed with 100% in favour.
• Resolution 1(b) passed with majority; some dissent noted.
• Resolution 2 passed; majority in favour with some dissent.
• Resolution 3 passed; near unanimous with minimal abstentions.
• Resolution 4 passed with majority; some dissent.

Dividend

• No dividend proposed or declared.

Director Changes

• Anuj Jain appointed as Director by rotation.

Auditors

• Remuneration of Cost Auditors for FY2027 ratified.

Material Related Party Transactions

• Material Related Party Transactions approved; counterparty details not disclosed.

Other Material Approvals

• No other material approvals disclosed.

AGM Details

• Date, time, mode: 2 September 2026, 12:30–1:10 IST, VC/OAVM.
• Remote e-voting window: 29 Aug 2026 09:00 IST to 1 Sep 2026 17:00 IST.
• Scrutiniser appointed: Neelesh Kumar Jain (N.K.J & Associates).

Resolutions

• Ordinary: Adoption of audited standalone and consolidated financial statements for FY ended 31 March 2026.
• Ordinary: Appointment of Anuj Jain, retiring by rotation.
• Special: Ratification of Cost Auditor remuneration for FY ending 31 March 2027.
• Special: Approval of material related party transactions.

Voting Results

• Ordinary resolution on financial statements: Passed with requisite majority.
• Ordinary resolution on director appointment: Passed with requisite majority.
• Special resolution on cost auditor remuneration: Passed with requisite majority.
• Special resolution on related party transactions: Passed with requisite majority.

Special transfer/demat window

• Newspaper ads published Aug 14, 2026 announcing a special window for transfer and demat of physical shares.
• Enclosures contain the newspaper clippings for information and records.

AGM notice

• Newspaper ad confirms the 19th AGM and includes e-voting information.
• Exact AGM date, time, and venue are not specified in this chunk.

Overview

• Cable TV services provider; reporting on standalone DEN entity for FY2025-26.

Key ESG Risks & Opportunities

• Energy management is an opportunity with LED lighting and equipment-off practices.
• Waste management presents regulatory risk and circular economy opportunities via e-waste disposal and STB refurbishment.
• Data privacy and cybersecurity are risks mitigated by a governance framework and training.
• Human rights and responsible supply chain present risk and opportunity; ESG assessments planned.
• Governance data quality and transparency improvements support ESG decision-making.
• Circular economy via refurbishing STBs reduces e-waste and resource use.

Governance & Policy Highlights

• Board oversight with CSR Committee; ABAC policy; Vigil Mechanism and Whistle-Blower Policy.
• Policy coverage and board approvals evidenced for governance policies.
• No penalties or adverse regulatory actions reported.
• No external assurance on policies.

Social Responsibility & Workforce

• Total workforce 876; permanent 373 and non-permanent 503.
• Board female representation 25%; KMP female 33%.
• LTIFR nil; no fatalities; total recordable injuries zero.
• Well-being spending 0.17% of revenue.
• Return to work 100% for permanent employees; retention 38%.
• POSH complaints: 1 in FY2025-26; 0 in FY2024-25.
• Accessibility: offices accessible to differently abled; sensor-activated entrances and staff.
• Median remuneration disclosed for KMPs and employees.
• Grievance mechanisms for employees/workers; confidential whistleblower channels.
• CSR beneficiaries include 16,902 sustainable livelihoods; 4,299 preventive healthcare; all from vulnerable groups.

Environmental Performance

• Total energy from non-renewables 15,392.30; renewables 0.
• Scope 1 emissions 18.28 tCO2e; Scope 2 emissions 2,985.45 tCO2e; total 3,003.73 tCO2e.
• Emissions intensity 0.30 tCO2e per million INR turnover.
• Water consumption 12,402 kL; water intensity 1.24 kL per million INR.
• Total waste 38.49 MT; e-waste 32.32 MT; battery waste 6.17 MT; STB refurbishment 29.96%.
• BIS certification for STBs; ZLD not applicable; no renewable energy share.

Stakeholder Engagement & Complaints

• Stakeholders include employees, customers, investors, suppliers, communities, regulators; engagement ongoing.
• Customer complaints 10,477 in FY2025-26; no unresolved complaints at year end.
• Complaints from communities: none; investors: 0 complaints.
• Public policy advocacy via AIDCF; CEO on its board.
• Channels include investor relations email; CSR policy grievance details.

Other Notable Metrics

• CSR turnover ₹1,000.92 crore; net worth ₹3,853.27 crore.
• Related-party transactions: purchases 57.78%; sales 53.73%; investments 83.16%.
• AIDCF affiliation; CEO involvement on AIDCF board.
• Policy framework includes ABAC; training coverage 100% for BoD, KMPs, and employees.
• Life cycle assessment not yet conducted; exploring future.
• Data privacy/cybersecurity policy exists; no data breaches reported.
• Affiliations with trade bodies; no adverse regulatory orders.

Financial performance

• Standalone revenue ₹10,009.17m; PAT ₹1,227.53m; EPS ₹2.57.
• Consolidated revenue ₹9,742.80m; PAT ₹1,656.25m; EPS ₹3.48.

Dividends & capital returns

• Dividend not recommended for FY2025-26.
• Dividend policy published on company website.

Capital & liquidity

• No long-term borrowings; substantial cash and bank balances.
• Net debt negative on stand-alone and consolidated bases.
• Preferential allotment proceeds invested in mutual funds and fixed deposits.

Operations & strategic developments

• IPTV trial conducted to test delivery, content, and security.
• Area Manager App launched; 100% adoption; real-time performance reviews.
• Cost savings ₹24 crore achieved in FY26.
• FMEL identified as material subsidiary; eight step-down subsidiaries amalgamated into FMEL.

Subsidiaries & associates

• Material subsidiary Futuristic Media and Entertainment Limited.
• Ceased subsidiaries: Den Fateh Marketing, Den Budaun Cable Network, Mahadev Den Cable Network.
• Associates: Den Satellite Network Private Limited and DEN ADN Network Private Limited; equity method.

Governance & audit

• Statutory auditors: Chaturvedi & Shah LLP; re-appointed for five years.
• Secretarial Auditor: Neelesh Kumar Jain; no qualifications.
• Board committees: Audit; Nomination & Remuneration; CSR; Risk; Stakeholders; Finance.
• CEO/CFO certifications; compliance with LODR and Code of Conduct.

Related party transactions

• FMEL-related party transactions FY2025-26: services availed ₹66.53m; services provided ₹1,189.45m.
• Jiostar transactions: AGM limit ₹714 crore; FY2025-26 subscription ₹333.60 crore; Q1 FY2026-27 ₹93.40 crore.
• Audit Committee reviews related party transactions; thresholds per RPT policy.

CSR & ESG highlights

• CSR spend ₹22.50m; CSR obligation ₹21.88m; carry-forward surplus ₹0.62m for set-off.
• 21,201 CSR beneficiaries.
• ESG: 15 material topics; energy, emissions, climate action; data privacy; governance.
• Energy: 15,392 GJ; 3,003 tCO2e; Scope 1 reductions 50%, Scope 2 reductions 18%.
• Water: 12,402 kL; e-waste 38.49 MT; 29.96% STBs refurbished.

Outlook & risks

• Forward-looking statements subject to regulatory, macro, and energy-price risks.
• India’s M&E outlook: robust growth supported by digital adoption; projected CAGR ~7.8% to 2029.