TODAY NETWORK LTD. INDIA TODAY 16 Ndda 201301 L~~01l.r …

INDIA TODAY

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'V. TODAY NETWORK LTD. India Today Group Mediaplex

FC 8, Sector 16 A, Film City, Ndda - 201301 Tel: +91 120 4908600 Fax: +91 120 4325028

Websiie: wmr.aajtak.in - CIN No : L92200DL1999PLC1030Ol

August 09,2019

Dear Sir / Madam,

Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code - 532515

Sub: Outcome of Board Meetina- Auaust 09. 2019 and Un-Audited Financial Results for the Quarter ended June 30,2019

Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip Code - TVTODAY

Pursuant to the applicable provisions of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, including Regulation 30, this is to inform you that the Board of Directors of T.V. Today Network Limited ('the Company'), at their meeting held today, i.e., August 09, 2019, has inter alia:

1. Approved the Standalone & Consolidated Unaudited Financial Results for the quarter ended on June 30, 2019. Copy of duly signed Unaudited Financial Results (Standalone & Consolidated) for the quarter ended on June 30, 2019 along with Limited Review Report under Regulation 33 of the Listing Regulations is enclosed herewith;

d Approved renewal of Advertising Sales Agreement (ASA) (expiring on August 31, 2019) with Entertainment Network (India) Limited (ENIL) w.e.f. September 01, 2019. As per ASA, ENlL will support to market and sell the radio airtimelfeed on various platforms to third parties with respect to Company's three radio station at Delhi, Mumbai and Kolkata. ENlL is not related to promoter/promoter grouplgroup companies in any manner, the transaction with ENlL would not fall within the purview of related party transactions, no shares are issued to any of the parties pursuant to the agreement. T.V. Today Network Limited (TVTN) does not hold any shares in ENIL. No potential conflict of interest arises out of such agreement. No nominees are appointed on the Board of N T N pursuant to this agreement.

The meeting of the Board commenced at 12:30 P.M. and concluded at 02:OO P.M.

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For T.V. Today Network Limited

(Ashish Sabhannral) Group Head - Secretarial & Company Secretary Email ID: [email protected]

Encl : As above.

Registered Office : F-26, First Floor, Connaught Place, New Delhi - 110001

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4th Flow. Office 405 W*ta Mark - P. &5set 80.8 al RAlrpOrt Hospitality MStflct. Acrooty New Delhi- 110037. India Tel : r9l 11 4081 9500

Independent Auditor's Review Report on the Quarterly Unaudited Standalone and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Reoort to The ~ o a r d ' o f ~ i r e c t o r s T.V. Today Network Limited

1 . We have reviewed the accompanying statement of unaudited standalone financial results of T.V. Today Network Limited (the 'Company') for the quarter ended June 30,2019 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 ofthe SEBl (Listing Obligations and Disclosure Requirements) Regulations, 20 15 ('the Regulation') as amended, read with SEBl Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 ('the Circular').

2. The preparation ofthe Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "lnterim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, read with the Circular is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. 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 lnterim Financial Information Performed by the Independent Auditor ofthe Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of coinpany personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

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 the aforesaid Indian Accounting Standards ('lnd AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant mles issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

S.R. Be4W6ASmldlms LLP, aL1 LNDIllly PutnNmip WHh WMsnHty M AAB.4235 Rvld O f f l c . . n . c-T.at. m a l w. >renoor )rumrm0o16

Chartered Accountants

5. As explained in note 4 of the fmancial results, the comparative Ind AS financial information of the Company has been adjusted by including financial information of 'Mail Today Newspaper Limited (Newspaper undertaking)' and 'India Today Online Private Limited', reflecting total assets of Rs. 13,937.59 lacs as at June 30, 2018 and total assets of Rs. 14,267.75 lacs as at March 31,2019, total revenues of Rs. 651.88 lacs for the quarter ended June 30,2018 and total revenues of Rs. 929.44 and Rs. 2,935.02 lacs for the quarter ended March 3 1,2019 and year to date from April 01, 2018 to March 31,2019 respectively, on the basis of accounts certified by management and reviewed by another Chartered Accountant.

S.R BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAl Firm registration number: 101049W/E300004

per Yogesh Midha Partner Membership No.: 094941 UDIN: 1909494 lAAAACF7 105

Place: New Delhi Date: August 9,201 9

r S.R B~rrrsor a ASSOC~ATES L L P ChlrtUtd Accountants

4th Flow. Otftce 405 World Mark - 2, Asset No. 8 IGI Airport Hospitality District. Acroclty New Oelhi 110 037, India . Tel : +91 11 4081 9500

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors T.V.Today Network Limited

1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of T.V.Today Network Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as 'the Group'), for the quarter ended June 30,2019 and year to date from April 01, 2019 to June 30, 2019 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Regulation'), read with SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March 29,2019 ('the Circular'). Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended June 30, 2018, last quarter ended March 31, 2019 and the corresponding period from April 01, 2018 to June 30,2018, as reported in these unaudited consolidated financial results have been approved by the Parent's Board of Directors, but have not been subjected to review.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India read with the Circular. 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, 'LReview 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 Standards on Auditing 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.

I

S.R BATLIBOI & ASSOCIATES L 1 P Charterad Accountants

We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable except with resuect to two subsidiaries. for which the resuective comuonent auditor has not respondid to our review inskctions including iiformation rkquested of them, for discharging our duties as principal auditor pursuant to the requirements of the Circular.

4. The Statement includes the results of the following entities: a) T.V. Today Network Limited b) Mail Today Newspapers Private Limited (Event undertaking) c) TV Today Network (Business) Limited d) Vibgyor Broadcasting Private Limited

5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the acwmpanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. We did not review the interim financial results of 1 subsidiary, included in the consolidated unaudited financial results, whose interim financial results reflect total revenues of Rs. 92.85 lacs, and total net loss after tax of Rs. 1.47 lacs and total comprehensive loss of Rs. 1.47 lacs for the quarter ended June 30, 201 9, as considered in the wnsolidated unaudited financial results. These interim financial results have been reviewed by other auditors, whose reports have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of the other auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matter.

7. The acwmpanying unaudited consolidated financial results includes unaudited interim financial results and other unaudited financial information in respect of 2 subsidiaries, which have not been reviewed by their auditors, whose interim financial results reflect total revenues of Rs. Nil, total net loss after tax of Rs. 0.27 lacs and total comprehensive loss of Rs. 0.27 lacs for the quarter ended June 30, 2019 as considered in the unaudited consolidated financial results. These unaudited financial results and other unaudited fmancial information have been approved and furnished to us by the management. Our conclusion, in so far as it relates to the affairs of these subsidiaries is based solely on such unaudited financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in resuect of the above matter.

S.R BATLIBOI & ASSOCIATES f LP Chartered Accountants

8. As explained in note 4 of the financial results, the comparative Ind AS financial information of the Company has been adjusted by including fmancial information of 'Mail Today Newspaper Limited (Newspaper undertaking)' and 'India Today Online Private Limited', reflecting total assets of Rs. 13,937.59 lacs as at June 30,2018 and total assets of Rs. 14,267.75 lacs as at March 31,2019, total revenues of Rs. 651.88 lacs for the quarter ended June 30,2018 and total revenues of Rs. 929.44 and Rs. 2,935.02 lacs for the quarter ended March 31, 2019 and year to date from April 01, 2018 to March 31, 2019 respectively, on the basis of accounts certified by management and reviewed by another Chartered Accountant.

For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004

I

per Yogesh Midha Partner Membenhip No.: 09494 1 UDIN: 1909494 lAAAACG4 164

Place: New Delhi Date: August 9,2019