Entertainment Network (India) Limited
Entertainment Network (India) Limited operates FM radio broadcasting stations under the brand names Mirchi, Mirchi Love, and Kool FM. It sells airtime in the Company’s FM radio broadcasting stations, activations, concerts, and monetization of the Company’s digital and other media properties for advertising.
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ENIL will hold its 27th Annual General Meeting. The Annual Report for FY25-26 is now available online; shareholders without registered emails received direct links. Update KYC details to ensure electronic dividend payments, as physical reports will not be dispatched.
ENIL's digital business soared 84%, now contributing ~48% of radio ad revenue. Consolidated revenue grew 4% to 597.89 Cr, but new labor codes drove a 7.39 Cr loss. Assets for four FM stations are slated for transfer for 19.6 Cr, while promoter shareholding is reorganizing.
ENIL's promoter structure changed. Through a scheme of arrangement, Times Horizon Private Limited (THPL) acquired a 71.15% stake in ENIL from Bennett, Coleman & Company Limited (BCCL), making THPL ENIL's new promoter.
ENIL has announced its 27th Annual General Meeting will be held virtually. A Record Date has been set to determine eligibility for AGM participation and any declared dividend.
ENIL updated on its promoter BCCL's proposed reorganisation with subsidiary THPL via a scheme of arrangement. This ongoing corporate restructuring is a significant business development to watch.