Pritish Nandy Communications Limited has announced the outcome of circular resolutions passed on March 13, 2026, regarding the re-appointment of key independent directors. The company has moved to re-appoint Mr. Sunil Kumar Alagh and Mr. Karan Ravi Ahluwalia for second consecutive five-year terms starting April 6, 2026. These appointments are subject to shareholder approval via a postal ballot process, with the e-voting period scheduled from March 17 to April 16, 2026.
The notice details that Mr. Sunil Kumar Alagh, a veteran with over 30 years of experience including a tenure as MD & CEO of Britannia Industries, requires a special resolution due to his age of 79 years. Mr. Karan Ravi Ahluwalia, a former Senior President at Yes Bank with expertise in media and entertainment banking, is being re-appointed via an ordinary resolution. Both directors have attended four board meetings during the 2025-26 financial year, receiving sitting fees of Rs 75,000 per meeting, and hold no equity shares in the company.
Pritish Nandy Communications (PNC) is a Mumbai-based media and entertainment studio specializing in high-quality digital series and cinematographic films for global platforms like Netflix and Amazon Prime Video. In 2025, the company released three original shows: Ziddi Girls, The Royals, and Four More Shots Please! Season 4. Recent updates include a valuable 11-year licensing deal signed with Shemaroo Entertainment in December 2025 for 18 film titles and a Rs 2.47 crore court victory in a commercial recovery suit.
For the quarter ended December 31, 2025, PNC reported a total income of Rs 9.91 crore, a significant jump from Rs 4.52 crore in the previous quarter. However, it recorded a net loss of Rs 10.22 crore due to a non-cash exceptional content write-down of Rs 17.56 crore following its strategic deal with Shemaroo. The company maintains a high promoter holding of 59.72% as of December 2025, with Rina Pritish Nandy and Ideas.com India Private Limited among the major stakeholders.
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