BSECompany Update2d ago · 3 Sept 2026, 06:46 pm
With reference to our earlier disclosure filed under "Restructuring category" Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015 regarding the closure of Company''s Cable Business ....
Sea TV Network Ltd · 533268
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Sea TV Network Ltd has announced the closure of its cable business operations due to commercial non-viability and increasing operational challenges. The company will surrender its Digital Addressable System (DAS) license and the closure is expected to be completed by December 31, 2026.
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Liquidity Impact8/10
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Sea TV Network Ltd - 533268 - Intimation Under Regulation 30 Read With Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Regarding Closure Of Cable Business Operations And Surrender Of DAS License
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To Date: 03rd September, 2026
The Manager – Listing Compliance
Bombay Stock Exchange Limited
Floor 1, Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai – 400001
Ref: SEA TV NETWORK LIMITED Scrip Code: 533268 Security ID: SEA TV
Subject: Intimation under Regulation 30 read with Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 regarding Closure of Cable
Business Operations and Surrender of DAS License
Dear Sir/ Ma’am,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Sea TV
Network Limited, in its meeting held on 03rd September, 2026 has considered and approved the
closure of the Company’s cable business operations, which was having insignificant portion of
operations of the company, due to commercial non-viability and increasing operational challenges.
In this regard, the Board also decided to initiate the process to surrender its Digital Addressable
System (DAS) license granted by the Ministry of Information and Broadcasting, Government of India,
which was renewed vide letter No. 9/17/2014-BP&L dated 30.01.2025 for a period of 10 years up to
29.05.2034.
It is to be noted that the above closure of operation does not have any material and adverse effect on
the operations of the company.
The closure of cable operations and surrender of DAS license is in line with the Company’s strategic
realignment and focus on its core business areas. The Company will ensure compliance with all
applicable laws, and necessary disclosures shall be made as and when required.
The detailed disclosure as required under Regulation 30 of the Listing Regulations, 2015, read with
SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed herewith as
Annexure A.
The Meeting Commenced at 12:30 P.M. and concluded 01:56 P.M.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For SEA TV NETWORK LIMITED
AMAN KHANDELWAL
(Company Secretary & Compliance Officer)
Encl.: as above
Annexure A
Disclosure as required under Regulation 30 of the Listing Regulations, 2015, read with SEBI
Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 - Closure of Cable
Business Operations and Surrender of DAS License
Sr. No. Particulars Remarks
1) Date of such binding agreement, if any, Not applicable as it is closure of Cable
entered for sale of such unit/division, if Business Operations and Surrender of DAS
any; License as per decision taken by the Board
of Directors of the Company in their
meeting held on September 03, 2026
2) Amount & percentage of turnover or The turnover/revenue/income contributed by
revenue or income and net worth of the such unit during the F.Y. 2025-26 was Nil
listed entity contributed by such unit or (0%) of the total turnover/revenue/income of
division during the last financial year; the Company. The comparison of profit
from the said cable business to the
consolidated Profit and net worth is also
insignificant and indeterminable.
3) Date of closure or estimated time of The Board of Directors of the Company in
closure; their meeting held on September 03, 2026
have decided to close the Cable Business
Operations and Surrender the DAS License.
We understand the process may complete by
December 31, 2026.
4) Reasons for closure. The cable business operations was having
insignificant portion of operations of the
company and accordingly the Board decided
to close the operations due to commercial
non-viability and increasing operational
challenges.
For SEA TV NETWORK LIMITED
AMAN KHANDELWAL
(Company Secretary & Compliance Officer)