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

✦ AI SummaryDebt Restruc.

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.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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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)