BSR & Associates LLP Chartered Accountants Busing No.10, 8th Floor, Tower Toleshone: + gt 124 2358610 DLE Cybor City, Phase Foc +91 1262368619 Gurgaon - 122002, india Review report to the Board of Directors of New Delhi Television Limited 1 We have reviewed the accompanying statement of standalone unaudited financial results (Staiement’) of New Delhi Television Limited (‘the Company’) for the quarter and six ‘months ended 30 September 2015, attached herewith, being submitted by the Compa pursuant to the requirement of clause 41 of the Listing Agreement issued by the Securities and Exchange Boatd of India (“Listing Agreement”), except for the disclosures regarding Public Shareholding” and “Promoter and Promoter Group Shareholding”, which have been traced from disclosures made by the management and have not been reviewed by us. This statement is the responsibilty of the Company's management and has been approved by the Board of Directors. Our responsibilty is to issue a report on the statement based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auitor ofthe Entity”, issued by the Institute of Chartered Accountants of india. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review is limited primarily to inquiries of Company's personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion Figures for the corresponding quarter and six months ended 30 September 2014, figures for previous quarter ended 30 June 2015 have been reviewed and for the previous year ended 31 March 2015 have been audited by Price Waterhouse, Chartered Accountants. We state that as based on our review conducted as explained in paras 1 and 2 above, nothing has come to our attention that causes us to believe that the accompanying statement prepared. in accordance with the Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement, including the manner in which it to be disclosed, or that it contains any material misstatement. For BS R & Associates LLP Chartered Accountants Firm Registration Number: 116231W / W-100024 Naan Rakesh Dewan Place: Gurgaon Partner Date: $ November 2015 Membership number: 092212 Subtest enemy Ge Raper Toston ioe attenBSR & Associates LLP Chartered Accountants Buiing No.10, th Floor, Tower Telophone: + 97 1242358 610 DLE Cyber City, Phase =I Fac +91 1242358613, Gurgaen 122002, ina Review report to the Board of Directors of New Delhi Television Limited 1 We have reviewed the accompanying statement of consolidated unaudited financial results (Statement’) of New Delhi Television Limited (‘the Company’), its subsidiaries and its associate (the Company, its subsidiaries and its associate constitute “the Group’) for the quarter and six months ended 30 September 2015, attached herewith, being submitted by the ‘Company pursuant to the requirement of clause 41 of the Listing Agreoment issued by the Securities and Exchange Board of India (“Listing Agreement"), except for the disclosures regarding “Public Sharcholding” and “Promoter and Promoter Group Shareholding’, which have been traced from disclosures made by the management and have not been reviewed by us. This statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility isto issue a report on the statement based on our We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This standard requires that wwe plan and perform the review to obtain moderate assurance as to whether the financial results are free of mferial misstatement. A review is limited primarily to inquiries of ‘Company's personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion Figures for the corresponding quarter and six months ended 30 September 2014, figures for previous quarter ended 30 June 2015 have been reviewed and for the previous year ended 31 March 2015 have been audited by Price Waterhouse, Chartered Accountants ‘The consolidated financial results include the Group's share of net profit of Rs. 63 lacs and Rs. 113 lacs for the quarter and six months ended 30 September 2015 respectively, as ‘considered in the consolidated financial results, in respect of the associate, which have not been reviewed by us and are based solely on the management's accounts. Our opinion on the ‘consolidated financial results to the extent they relate to the associate, is based solely on such financial information furnished to us we {sUrag uote Parerchp wt LP pan {esc Ma Marat.BSR & Associates LLP We state that as based on our review conducted as explained in paras } and 2 above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in accordance with the Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting principles. generally accepted in India, has not disclosed the information required to be isclosed in terms of Clause 41 of the Listing Agreement, including the manner in which it is to be disclosed, or that it contains any material misstatement, For BSR & Associates LLP Chartered Accountants Firm Registration Number: 116231 W / W-100024 Vue Rakesh Dewan Place: Gurgaon Partner Date: 5 November 2015 Membership number: 092212FE PHBE) oR ‘TSS BRON RTT PUT TAT Ta TOTRMTORTBORS aSea HE iy a te Bee 4 Ppa ae e J] eure | =e 3] i | :