Annual Report 2025-26

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A.FGi.la mnsdM ediLai mi(t"eCdo mpany") fotrh fei nanyceia2ar0 l2 5-a2l6ow nigt thh Neo ticcoen vetnhi3en3r gd AnnuGaeln eMreaelt (i"nAgG M") ofM embeorfts h Ceo mpasncyh edtuolb eehd e lodnT hursdSaeyp,t em1b7e2,r0 26a,t4 :0P0. M. (ISTt)h roVuigdhCe oon ferencingA(u'dVViCio's )Mu/eaOaltn (hs'e OrA VM'). Furtwheew ri,st hoi nfoyromut haitnc ompliwaintRchee g ula3t61i()oo fnt hSeE BLIi stRienggu lations, electcroopnioieftcs h Neo ticcoen vetnhien3 g3rd A GMa lownigt Ahn nuRaelp ofroFtri nanYceia2ar0l 2 5- 26( "AnnRueaplo rits"s )e nvti eam atiolo nlbyye lectmroodneti oct hoMseem bewrhso see- mail addresasreers e gistweirttehhd eC ompaonryR egisatnrdSa hra rTer ansAfgeerno trD epository Participants. TheA nnuRaelp ofrottrh fei naynecia2ar0l 2 5-c2o6n tatihnNeio ntgio cf3e 3r dA GMi asl saov ailoantb hlee Companwye'bssa itt:e https:/w/obrakg2n4e.tin/Fpidlfam/nsBdM . eAd.iGLa.i miAtnendu Raelp o2r0t2 5-26.pdf Thiisfs oyro uirn formaantrdie ocnop rlde ase. ThankYionug Yousrisn cerely FoBr. A.FGi.l masn dM edi (AjMaiys hra) .c ,l� CompanSyec ret&a ry <9�',elu\1�7 CompliaOnfcfei cer Encal/:a CC:N IS ecu Dep .os� ite( 1dNS oD msL) e5" "R"'AD"I O ,,Ill -DHAMAL TlllF11i1krt RegOdff.i3 c5Ae2g,:g aPilwaaPzllaN o,ot .K 8o,nE dalDsiet,l N heiDw,e l-h1i1 0096 MumObffaii3c 03e9r,:Fd l oAonrjc,ao nmip Alnedxh,e rRio-aAKdnu,dr hEleaarsM itu ,m bai-M4a0h0a0r8a9s,h tra B.A.G. FILMS AND MEDIA LIMITED 2025-26 Corporate Office : FC-23, Sector - 16A Film City, Noida - 201 301 (U.P.) CORPORATE INFORMATION Board of Directors: Ms. Anuradha Prasad Shukla Chairperson and Managing Director Ms. Anamika Sood Independent Director Mr. Sudhir Shukla Non-Executive Director Mr. Arshit Anand Independent Director Mr. Chandan Kumar Jain Independent Director Mr. Sanjeev Kumar Dubey Non-Executive Director Chief Financial Officer : Mr. Ajay Jain Company Secretary and Compliance Officer : Mr. Ajay Mishra Statutory Auditors : M/s Joy Mukherjee & Associates Secretarial Auditors : M/s Balika Sharma & Associates Internal Auditors : M/s Gaurav Saxena & Co. Registered Office : 352, Aggarwal Plaza, Plot No. 8, Kondli, East Delhi, New Delhi-110 096 Corporate Office : FC-23, Sector-16A, Film City, Noida-201 301 (U.P.) Registrar and Share Transfer Agent : Alankit Assignments Limited Sl.No. Contents Page No. 1 Notice 1 2 Board’s Report 55 3 Corporate Governance Report 80 4 Management Discussion and Analysis Report 106 5 Auditors’ Report 122 6 Balance Sheet 131 7 Statement of Profit and Loss 132 8 Statement of Cash Flow 134 9 Notes to Standalone Financial Statements 136 10 Auditors’ Report with Consolidated Financial Statements 163 & onwards B.A.G. FILMS AND MEDIA LIMITED CIN: L74899DL1993PLC051841 Reg. Off: 352, Aggarwal Plaza, Plot No. 8, Kondli, East Delhi, New Delhi-110096 Corporate Off: FC-23, Film City, Sector-16A, Noida-201301, (U.P.) Tel: 91 120 460 2424, E-mail: info@bagnetwork.in Web: www.bagnetwork24.in NOTICE OF 33RD ANNUAL GENERAL MEETING Notice is hereby given that the 33rd Annual General Meeting Regulations and is eligible for re-appointment under the (“AGM”) of Members of B.A.G. Films and Media Limited provisions of the Act, the Rules made thereunder and (“Company”) will be held on Thursday, September 17, 2026 the SEBI Listing Regulations, and in respect of whom the at 4:00 P.M. (IST) through Video Conferencing/Other Audio Company has received a notice in writing under Section Visual Means (‘VC/OAVM’) to transact the following business: 160(1) of the Act proposing his candidature for the office ORDINARY BUSINESS: of a Director, as an Independent Director, not liable to retire by rotation, to hold office for a second term of five 1. Adoption of Audited Financial Statements consecutive years commencing from May 30, 2027 up to To receive, consider and adopt the Audited Financial May 29, 2032, (both days inclusive). Statements (including Consolidated Financial Statements) RESOLVED FURTHER THAT the Board of Directors of of the Company for the financial year ended March 31, the Company (including its Committee thereof) or the 2026 together with the Reports of the Board of Directors Company Secretary be and is hereby severally authorised and Auditors thereon. to do all such acts, deeds, matters and things as may be 2. Appointment of Mr. Sudhir Shukla (DIN: 01567595) as necessary, expedient and desirable for the purpose of a Director, liable to retire by rotation giving effect to this resolution.” To appoint a Director in place of Mr. Sudhir Shukla (DIN: 4. Approval of Material Related Party Transaction(s) 01567595) who retires by rotation, and being eligible, with News24 Broadcast India Limited offers himself for re-appointment. To consider, and if thought fit, to pass with or without SPECIAL BUSINESS: modification(s), the following resolution as an Ordinary 3. Re-appointment of Mr. Chandan Kumar Jain (DIN: Resolution: 09605901) as an Independent Director of the “RESOLVED THAT pursuant to Regulation 23 and all Company other applicable Regulations, if any, of the Securities To consider and, if thought fit, to pass with or without and Exchange Board of India (Listing Obligations and modification(s), the following resolution as a Special Disclosure Requirements) Regulations, 2015 (the “SEBI Resolution: Listing Regulations”), and all applicable provisions of “RESOLVED THAT pursuant to the provisions of Sections the Companies Act, 2013 (the “Act”) and Rules made 149, 150 and 152, Schedule IV and other applicable thereunder, including any statutory amendment(s), provisions, if any, of the Companies Act, 2013 (the “Act”) modification(s), clarification(s), substitution(s) or re- and the Rules made thereunder, and the applicable enactment(s) thereof for the time being in force and as provisions of SEBI (Listing Obligations and Disclosure amended from time to time, Company’s Policy on Related Requirements) Regulations, 2015 (the “SEBI Listing Party Transactions and on the basis of the approval and Regulations”) (including any statutory modification(s) recommendation of the Audit Committee and Board of or re-enactment thereof for the time being in force), the Directors, the consent of the Members be and is hereby provisions of the Articles of Association of the Company accorded to the Board of Directors (the “Board”, which shall and based on the recommendations of the Nomination be deemed to include a Committee of the Board) to enter and Remuneration Committee and the Board of Directors into and/or continue arrangement(s)/ transaction(s)/ of the Company, approval of the Members be and is contract(s) or otherwise with News24 Broadcast India hereby accorded for re-appointment of Mr. Chandan Limited (News24), a subsidiary of the Company and a Kumar Jain (DIN: 09605901), who was appointed as an related party, as defined in the SEBI Listing Regulations Independent Director of the Company at 29th Annual and the Act, whether by way of continuation(s) or General Meeting of the Company held on August 29, 2022 renewal(s) or extension(s) or modification(s) of earlier and who holds office [Showing first 8,000 characters — download PDF for full document]