Shareholders meeting

The General Manager The Manager Department of Corporate Services Listing Department Bombay Stock Exchange Limited National Stock Exchange Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street BKC, Bandra (East) Mumbai 400001 Mumbai 400051 Scrip Code – 532387 Scrip Code – PNC September 5, 2026 Dear Sir, Sub: Notice of the 33rd Annual General Meeting We are pleased to inform that the 33rd Annual General Meeting (“AGM”) of the Members of the Company will be held on Monday, September 28, 2026, at 3.00 PM (IST) through Video Conferencing ('VC') facility / Other Audio-Visual Means ('OAVM') in compliance with the applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India from time to time. Further, the electronic copy of the Notice of the Annual General Meeting has been dispatched to the Shareholders, whose email were registered with the Company’s Registrar and Share Transfer Agent/Depositories. In accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, a letter has been dispatched to all those shareholders who have not registered their email addresses, providing the web-link with the exact path where the complete details of the 33rd AGM Notice are available. The Notice of the Annual General Meeting is uploaded on the company’s website www.pritishnandycom.com and enclosed herewith for the reference of members. We request you to kindly take on your records. For PNC Media and Entertainment Limited (formerly known as Pritish Nandy Communications Limited) Priyanka Shah Company Secretary & Compliance Officer Membership No. A40042 Encl: As above BOARD’S REPORT 2PNC MEDIA AND ENTERTAINMENT LIMITED (Formerly known as Pritish Nandy Communications Limited) THE 33RD ANNUAL REPORT AND ACCOUNTS 2026 The Members Pritish Nandy Communications Limited Your Directors present the 33rd Annual Report on the business and operations of the Company together with the audited financial accounts for the financial year ended March 31, 2026. FINANCIAL HIGHLIGHTS The income from operations for this year was ` 3,765.74 lakh as compared to ` 3,358.42 lakh for the earlier year. Your Company incurred a loss of ` 1,258.87 lakh after tax as compared to loss of ` 97.14 lakh after tax in the preceding year, which was mainly due to an exceptional item during the year. In ` lakh Particulars Standalone Year ended March 31, 2026 Year ended March 31, 2025 Income from operations 3,765.74 3,358.42 Other income 65.25 66.57 Total income 3,830.99 3,424.99 Total expenditure 3,856.08 3,562.99 Profit/ (loss) before exceptional and extraordinary items and tax (25.09) (138.00) Exceptional items 1,756.09 0.00 Profit/ (loss) before tax (1,781.18) (138.00) Current tax 0.00 0.00 Profit/ (loss) after current tax (1,781.18) (138.00) Deferred tax (522.31) (40.86) Profit/ (loss) after tax (1,258.87) (97.14) Dividend (%) 0 0 Transfer to reserves 0 0 Balance in statement of profit and loss (2,206.37) (933.96) Paid up capital 1,446.70 1,446.70 Earnings per share (`) (8.70) (0.67) Book value per share (`) 42.73 51.52 PRESENT ECONOMIC SITUATION AND PERFORMANCE OF THE COMPANY During the year under review, your Company’s total income is ` 3,830.99 lakh with a net loss after tax of ` 1,258.87 lakh. During the year under review, Season 1 of your Company’s Netflix original series The Royals successfully premiered on May 9, 2025 globally. It remained in the global top 10 shows of Netflix as well as was #1 on India’s top 10 shows and was the first Indian series to trend in Netflix’s Global Top 10 Non-English TV Shows across 58 countries, marking a cultural moment for Indian content globally before being renewed for a season 2. Production of the second season of The Royals is currently under development and pre-production, scheduled to commence filming during the second quarter of this current financial year. Also, during the year under review, Season 4 of your Company’s Emmy nominated Amazon Prime original series Four More Shots Please successfully premiered on December 19, 2025 globally. The much loved fourth season drew in past fans and new audiences in equal measures from around the world, growing its fandom exponentially, with viewers celebrating its consistent success in championing unapologetic contemporary Indian women, female friendships and the city of Mumbai since its debut in 2019. Your Company continued to review advances for content as in the past and the Company has written off an amount of Rs 47.21 lakh incurred in developing content that is no longer viable to take up in the future. During the year under review, your Company entered into a licensing agreement with Shemaroo Entertainment Limited for the global broadcasting and streaming rights of 18 titles from its content library for 11 years, to enable timely monetisation, for a consideration. As a consequence of the said licensing agreement, the Management reassessed the carrying value of its content library, taking into account the expected future revenues from relevant titles as well as other titles forming part of the content library, and an external valuation report obtained. Based on such reassessment and in accordance with your Company’s accounting policy, the cost of the content of 1,756.09 lakh has been written down. The resultant impact has been disclosed as an exceptional item in the financial results. The aforesaid exceptional item does not have any impact on the cash flows of your Company and it does not have or make any continuing impact on your Company’s regular operations going forward. Your Company, during 2016, received an arbitration award in its favour against White Feather Films (Proprietor Mr Sanjay Gupta). Subsequently, the matter was amicably settled to bring finality to the prolonged litigation, and your Company entered into consent terms with White Feather Films (Proprietor Mr Sanjay Gupta), which were filed before the Hon’ble Bombay High Court. The Hon’ble Court accepted the consent terms and, vide its order dated April 21, 2026, permitted White Feather Films (Proprietor Mr Sanjay Gupta) to sell one of its properties for payment of the settlement amount of Rs 255 lakh to the Company. Pursuant to the said order, the Company received Rs 255 lakh, and the balance amount of Rs 62.53 lakh has been written off. As per the FICCI EY Report 2026, Indian M&E sector grew 9.1% i.e. INR 232 billion in 2025 to reach INR 2.78 trillion, exceeding India’s nominal GDP per-capita growth of 7.7%. The M&E sector contributes around 0.8% of India’s GDP, provides direct employment to around 2.75 million people, and indirect employment to over 10 million people. Work on new series and films continues in development and it is your Company’s endeavor to take at least two more productions on the floors, later this financial year. Your Company’s objective continues to be to scale up our existing business primarily through continuing to create and make new content, both original series and movies, that top-rated global studios are ready to financially and operationally collaborate with. Simultaneously, we intend to leverage the content library across various platforms on a global scale. Our business model intends to remain predictable, scalable, and sustainable, ultimately leading to greater profitability. DIVIDEND Your Directors do not recommend any dividend for this year. LISTING WITH THE STOCK EXCHANGES The equity shares of your Company continue to remain listed with the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE). The listing fees payable to both the stock exchanges for the year 2026-2027 have been paid. TRANSFER TO RESERVES Your Company has not transferred any amount to the general reserve. DEPOSIT FROM PUBLIC Your Company has not accepted any [Showing first 8,000 characters — download PDF for full document]