Intimation of receipt of Order Admitting application filed by Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016

July 31, 2026 To, To, The Manager - CRD The Manager, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip No.: 540083 Symbol: TVVISION Subject: Intimation for Initiation of Corporate Insolvency Resolution Process (CIRP) and Appointment of Interim Resolution Professional (IRP) under Insolvency and Bankruptcy code, 2016 Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, This is in continuation of our earlier intimation dated July 30, 2026, whereby the Company had informed the Stock Exchanges regarding the oral pronouncement of the Order passed by the Hon'ble National Company Law Tribunal, Mumbai Bench ("NCLT") vide Order No. C.P. (IB)/143(MB)2026, admitting the application filed by Punjab National Bank, a Financial Creditor of the Company, under Section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), for initiation of the Corporate Insolvency Resolution Process ("CIRP") against TV Vision Limited. We hereby inform you that the Hon'ble NCLT has uploaded the said Order on its official website on July 30, 2026, at 07:00 p.m. A copy of the Order is enclosed herewith. The material developments pursuant to the said Order are set out below: 1. Admission of Corporate Insolvency Resolution Process (CIRP) An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 was filed by Punjab National Bank, being a Financial Creditor of the Company, before the Hon'ble National Company Law Tribunal, Mumbai Bench (Court-VI), in respect of an alleged financial debt of Rs. 294,65,82,103.48/-. The Hon'ble NCLT, Mumbai Bench, vide its Order dated July 30, 2026, has admitted the said application and ordered the commencement of the Corporate Insolvency Resolution Process ("CIRP") against the Company under Section 7 of the IBC. 2. Appointment of Interim Resolution Professional (IRP) Pursuant to the aforesaid Order, the Hon'ble NCLT has appointed Mr. Alok Kumar Murarka (Registration No. IBBI/IPA-001/IP-P-01934/2019-2020/13006) as the Interim Resolution Professional ("IRP") to carry out the functions as prescribed under the Insolvency and Bankruptcy Code, 2016. Registered Office: 7th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (W), Mumbai - 400 053. Tel.: 022 - 40230000 / Fax 022 - 26395459 Website: www.tvvision.in CIN L64200MH2007PLC172707 3. Declaration of Moratorium Pursuant to Section 14 of the Insolvency and Bankruptcy Code, 2016, the Hon'ble NCLT has declared a moratorium with effect from the date of the Order. During the moratorium period, inter alia:  Institution or continuation of suits or proceedings against the Company is prohibited;  Execution of any judgment, decree or order against the Company is prohibited;  Transfer, encumbrance, alienation or disposal of any assets or legal rights of the Company is prohibited; and  Recovery of any property occupied by or in possession of the Company is prohibited. The moratorium shall remain in force until completion of the CIRP or approval of a Resolution Plan under Section 31 of the IBC, or until an order for liquidation is passed, as applicable. 4. Effect on the Management of the Company Pursuant to Section 17 of the IBC, the powers of the Board of Directors of the Company stand suspended with effect from the date of admission of the CIRP and shall henceforth be exercised by the Interim Resolution Professional. The IRP shall manage the affairs of the Company as a going concern in accordance with the provisions of the IBC. 5. Current Status The CIRP has commenced with effect from July 30, 2026. The Interim Resolution Professional shall issue the public announcement under Section 15 of the IBC and undertake all further actions in accordance with the Insolvency and Bankruptcy Code, 2016 and the applicable IBBI Regulations. The Company/IRP shall keep the Stock Exchanges informed of all further material developments in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the above information on record. Regards, TV Vision Limited Aashi Neema Company Secretary & Compliance Officer Registered Office: 7th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (W), Mumbai - 400 053. Tel.: 022 - 40230000 / Fax 022 - 26395459 Website: www.tvvision.in CIN L64200MH2007PLC172707 NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH COURT VI Item No. P-1 C.P. (IB)/143(MB)2026 CORAM SHRI SAMEER KAKAR SHRI NILESH SHARMA HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL) ORDER SHEET OF HEARING (HYBRID) DATED 30.07.2026 NAME OF THE PARTIES : Punjab National Bank TV Vision Limite Under Section 7 of the IBC, 2016. ORDER The case is fixed for pronouncement of the order. The order is pronounced in the open court, vide separate order. Detailed order is being uploaded on the NCLT portal today. Sd/- Sd/- NILESH SHARMA SAMEER KAKAR MEMBER (JUDICIAL) MEMBER (TECHNICAL) //SS// NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI C.P. (IB)/143/MB/2026 [Under Section 7 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016] PUNJAB NATIONAL BANK [PAN No. AAACP0165G] Having its registered Office at Head office at Plot No. 4, Sector — 10, Dwarka, New Delhi-— 110 075, …Financial Creditor /Applicant T V VISION LIMITED [CIN No. U64200MH2007PLC172707] Registered Office 4th Floor Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (West), Mumbai 400053. ...Corporate Debtor Pronounced: 30.07.2026 CORAM: HON’BLE SHRI NILESH SHARMA, MEMBER (JUDICIAL) HON’BLE SHRI SAMEER KAKAR, MEMBER (TECHNICAL) Appearances: Hybrid For Applicant : Adv. Ms. Purva Narkar i/b Intralegal. For Respondent: Adv. Mr. Prashant Jain a/w Adv. Mr. Revati Nansi. IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI ORDER [PER: CORAM] 1. BACKGROUND 1.1. C.P. (IB) No. 143/MB/2026 was filed on 12.02.2026 by PUNJAB NATIONAL BANK (hereinafter referred to as “Financial Creditor”) having Pan No. AAACP0165G under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (hereinafter referred to as “CIRP”) in respect of M/s. T V VISION LIMITED, the Corporate Debtor having CIN No. U64200MH2007PLC172707 for the alleged default in repayment of financial debt of Rs. 294,65,82,103.48/-. 1.2. This Application has been affirmed by one Ms. Winne Grover, authorised signatory of the Applicant, vide letter dated 23.01.2026. 1.3. As per Part IV of the Application, the amount claimed to be in default is Rs. 294,65,82,103.48/-. (Two Hundred Ninety Four Crore Sixty Five Lakh Eighty two thousand One Hundred Three Rupees and Fourty Eight Paisa only) (as amended vide additional affidavit dated 20.06.2026.) 1.4. The date of default is stated as 31.03.2018. 1.5. The Applicant has proposed the name of Mr. Alok Kumar Murarka, an Insolvency Professional, having Registration No. IBBI/IPA-001/IP-P- 01934/2019-2020/13006, to act as the Interim Resolution Professional (IRP) (having valid Authorisation for Assignment up to 30.06.2027) (as per IBBI site), in case the Application is admitted. (The Applicant has proposed the name of IRP vide additional affidavit dated 21.05.2026) 2 | P age CP(IB)/143/MB/2026 PUNJAB NATIONAL BANK. v/s T V VISION LIMITED. IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH-VI 2. CONTENTIONS OF THE FINANCIAL CREDITOR 2.1. The Corporate Debtor is one of the group companies of SAB Group, engaged in T V channel broadcasting (media and entertainment) and had approached the Financial Creditor in the year 2016 seeking a Term Loan limit [Showing first 8,000 characters — download PDF for full document]