November 12, 2019

BSE Limited The National Stock Exchange of India Limited

Corporate Services Department Corporate Communications Department
Phiroze Jeejeebhoy Towers “Exchange Plaza”
Dalal Street, Mumbai-400 001 Bandra Kurla Complex, Bandra (East)
Mumbai-400051
Scrip Code: 532529 Scrip Symbol: NDTV

Sub: Intimation for outcome of Board meeting

Dear Sirs,

In continuation of our letter dated November 11, 2019 regarding adjournment of Board meeting,
we wish to inform you that the Board of Directors of the Company, at its adjourned meeting held
today i.e. November 12, 2019, inter-alia considered and approved the following:

1. the Un-audited Financial Results of the Company (on standalone and consolidated basis)
for the quarter and six months ended on September 30, 2019.

A copy of the aforesaid results along with the Limited Review Report are enclosed
herewith.

2. the change of the registered office from the present address i.e. 402, Archana, B Block
Road, Greater Kailash 1, New Delhi 110048 to B 50-A, 2"4 Floor, Archana Complex,
Greater Kailash — 1, New Delhi 110048, within the local limits of the same city, with
immediate effect.

3. Further, the Board has requested the management to finalize and conclude the terms of the
offer with reference to the offer for sale received by the Company of its investment held in
Fifth Gear Ventures Limited (Joint Venture).

The financial results will be published in the newspapers in terms of SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015. The meeting commenced at 11.00 A.M. and
concluded at 4:20 P.M.

Please take the same on records.

Thanking you.

Yours Sincerely
For NEW DELHI TELEVISION LIMITED
Y
( LW barr
(Shiv Ram Singh)
Company Secretary & Compliance Officer

Encl.: As above

new delhi television limited, 402, archana, b - block road, archana, greater kailash -1, new delhi - 110048, india. tel: (+91-11) 2644 6666, 4157 7777. fax: 4986 2990
www.ndtv.com, e-mail: corporate@ndtv.com, CIN: L92111DL1988PLC033099
B S R & Associates LLP
Chartered Accountants.

Building No. 10, 8th.-Floor, Tower-B. Telephone: +91 124.719 1000

DLF Cyber City; Phase - It Fax: * #94 124 236 8613
Gurugram - 122.002, india

To
Board of Directors of New Delhi Television Limited

We have reviewed theaccompanying Statement of unaudited standalone financial results of

New Delhi Television Limited for the quarter ended 30 September-2019 and year to.date-results for
the period from 1 April 2019-to 30 September 2019 (“the Statement”).

This Statement, which is the responsibility of the Compariy’s. management and approved ‘by the
Board of Directors, has been prepared in accordance withthe recognition and measurernent principles’ laid
down in Indian Accounting Standatd 34. “hiterim Financial Reporting” (“Ind AS 34”), prescribed
under Section 133 of the Companies Act,.2013, and other accounting principles. generally accepted in
India and in compliance’ with Regulation 33 of the Listing Regulations. Our responsibility isto issue
ateport on the Statement based on our review.

We conducted our review of the:Statement in accordance. with the Standard-on Review Engageinents
ry

(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-we
plan-and'perform the reviéw. to obtain tnoderaté assurance as ‘to whether the. Statement is free of
material misstatement. A réview is.limited primarily.to inquiries of company personnel and analytical
procedures -applied to financial data and thus provides’ less assurance. than an -audit.. We have not
petformed ‘an audit and accofdingly, we do not express an audit opinion.
Based on our review conducted as above; nothing lias come to‘our attention that causes us to believe
that the accompaniyirig Statement, prepared in. accordance: with applicable accounting ‘standards and
other recognised accounting practices.and policies. has not disclosed the information required to be
disclosed ir: terms of Regulation 33 of-the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 including the-manner in which it is to be disclosed, or that.it contains any.material
misstatement.

(This space has been intentionally left blank}

Fogieterad Office:
8'S.A& Associates (& partiorship firm wilh Redlstration th Flodi, Lodha Excelus
No, BA69226)-converted into-B S Fi & Associates LLP. Apotio Mists Compound.
(@ Limited Ltabiliy Parinership with LLP Registration NM. Joshi Marg, Mahalakshm!
No. AAB-8182) with offect from October 14, 2013 Mumbai ~.460 011.
BS R-& Associates LLP

5, We.draw.attention to Note I of the Statement’ wherein jit is explained that Company, which runs
television business, has incurred a net loss of RS 10.16 crores (Rs 1,016 Lakhs) and Rs 1.17 crores
(Rs. 117 Lakhs) during the quarter and:six months period ended 30 September 2019: and, as of that
date, the Company’s current liabilities-exceed its current assets’ by.Rs.88.92 crores (Rs 8,892 Lakhs).
These conditions, ‘along with other matters described in the note,-indicate that a riaterial uncertainty
exists that -may. cast significant.doubt on the ability of the Company to continue as a going concern.
Management has stated that the Company has initiated certain -strategic and operational measures
included in the note to mitigate the uncertainty. Accordingly, they have prepared the Statement on a
going-concern basis. Our conclusion is not modified. in respect of this matter.

For BS R & Associates LLP

Chartered Accountants
Firm's Registration No.: 116231 W / W-100024

\w-
Rakesh Dewan
Partner
Place: Gurugram Membership No.: 092212
Date: 12 November 2019 UDIN: 19092212AAAAGK7187
B SR & Associates LLP
Chartered Accountants

Building No. 10, 8th Floor, Tower-B Telephone:. +91 124 719 1000
DLF Cyber City, Phase - JI Fax: #91 124 235.8613
Gurugram - 122 002, India

To

Board of Directors.of New Delhi Television Limited

1, We: have reviewed the accompanying ‘Statement ‘of unaudited consolidated financial results of
New Delhi Television Limited (“the Parent”) and its:subsidiaries (the Parent and. its subsidiaries
together referred to as “the Group”), and its share.of the net loss after tax and total comprehensive
loss of its associates and joint ventures for the quarter ended 30 September 2019 and year to-date
results for the périod from 1 April 2019 to 30 September 2019 (“the Statement”), being submitted
by the Parent pursuant to the: requirements of Regulation 33. of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015,.as amended (‘Listing Regulations’).

This Statement, ‘which is the responsibility of the Parent’s management and approved by the
Parent’s Board-of Diréctors, has been prepared in accordance. with the recognition:and measurement
principles laid down ‘in Indian. Accounting Standard 34 “Interim Financial Reporting” (“Ind AS
34”), prescribed under Section 133, of the Companies. Act; 2013, and other accounting principles
generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our
responsibility is to express a conclusion on the Statement based on our review.

We conducted. our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent
Autlitor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim
financial information consists ‘of-making inquiries, primarily of persons responsible for financial.
and accounting matters,. and. applying analytical and other review procedures. A review is
substantially.less-in scope than.an audit conducted in accordance with Standards.on Auditing and
consequently does not enable us. to obtain assurance that we would become aware of all significant
matters that might be identified in,an audit. Accordingly, we do not express.an audit opinion.

We also.performed procedures in accordance with the circular issued by the:SEBI under Regulation
33 (8) of the Listing Regulations, to the extent applicable.

The Statement includes, the results of the following entities:

Parent Entity:
- New Delhi Television Limited

Subsidiaries:
- NDTV Convergerice Limited
- NDTV Worldwide Limited,
- NDTV Networks Limited
- Delta Softpro Private.Limited
- NDTV Labs Limited
- ‘NDTV Media Limited
- Red-Pixels Ventures Limited
- SmartCeoky Intemet Limited
+ Redster Digital Limited
- OnDemand Transportation Technologies Limited
- Brickbuybrick Projects Limited
- QOnArt Quest Limited

a Registered Office:
BS A & Associates {a partnership firm with Registration’ 5th. Floor, Lodha Excelus
No, BAG9226} converted inlo B'S Ri & Associates LLF Apoile Misiis Compound:
{a-Limited Liability Parinership with- LLP Ragistration. NLM. Joshi Marg, Mahalakshmi
No. AAB-6182):with affect from October 14, 2013 ‘Mumbai - 400 011
BS R & Associates LLP

Joint Ventures:
- Fifth Gear Ventures Limited
- Indianroots Retail Private Limited
- Indianroots Shopping Limited
+ Lifestyle & Media Broadcasting Limited
- Lifestyle & Media Holdings Limited

Associate:
- Astro Awani Network Sdn. Bhd

5, Attention is drawn to Note:8 to the-Statement relating to-four joint venture of the Company. The
interim: financial information with respect to four joint. ventures of the Company namely,
Lifestyle: & Media Broadcasting Limited, Lifestyle & Media Holdings, Limited, Indianroots
Retail Private Limited ahd Indianroots Shopping Limited. for the quarter and six months period
ended 30.September 2019 is not available. In the absence of sufficient appropriate evidence, we
are not able to complete our review in relation to interim firiancial information relating-to- the
above joint ventures. Had: we been able to complete. our review on above interim financial
information-of above four joint ventures, matters might. haye comé:to our attention indicating
that adjustments.might be necessary to the interim :financial information.

6. Based on our review conducted and. procedures performed as. stated in paragraph 3 above; except
for the effects of the matter described in paragraph. 5 above, nothing has come to our attention that
causes us-to believe that the accompanying Statement, prepared in aceotdance with the recognition
and measurement principles laid down in the aforesaid Indian Accounting. Standard arid other
accounting principles. generally accepted: in-India, has not disclosed. the information required to be
disclosed in terms-of Regulation 33 of the Listing Regulations, including the manner in which it is
to be disclosed, or that it contains:any material misstatement.

7. We draw attention to Note | to the Statement wherein it is‘explained that the patent company, which
runs the television busiriess of the Group, has incurred. net loss.of Rs 10.16 crores (Rs. 1,016
Lakhs) and Rs 1.17 crores (Rs. 117 Lakhs) during the quarter and. six months period ended
30 September 2019 and, as of that date, the parent company’s current liabilities. exceed its current
assets by Rs 88.92'crores (Rs.8,892 Lakhs). These conditions, along with other matters described
in the note, indicate that.a material uncertainty exists that may cast significant doubt on the parent
‘company’s ability to continue as a.going concern. Management has-stated that the paretit compary
has initiated certain strategic and opetational measures included in the note to mitigate the
uncertainty. Accordingly, they have prepared. the Statement on a going. concem basis. Our
conclusion is not modified in respect of this matter.

(This space has been intentionally left blank)

BSA & Associates: LLP

8. The Statement also.includes the Group’s share of net loss after tax of Rs. Nil and Rs. Nil and total
comprehensive loss of Rs. Nil and Rs..Nil for the quarter ended 30, September 2019 and for the
period from I April: 2019 to-30 September 2019, respectively, as-considered inthe consolidated
unaudited financial-results, in respect of one associate, based on their interim financial information
which have hot beeh reviewed, Our conclusion on the Statement is riot modified in respect of this
matter.
For B'S R & Associates LLP
Chartered Accountants
Firm's Registration No.: 116231 W / W-100024

Le
Rakesh Dewan
Partner
Place: Gurugram. Meiribership No.: 092212
Date: 12 November 2019 UDIN: 19092212AAAAGI3014
NEW DELHI TELEVISION LIMITED
Archana, 8 - Block Road, Archana, Greater Kallsh ~1, New Deth-110048
"7777, 2644 9060 Fax: 2923 1740
E-mal:corporate@ndtv.com; Websitexww.ndtv.com
(INR. in Lakhs except per share d
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 16 crores) ding te quarter ended 30 Seplember 2019 se against profi of INR 19 ate (NR 0.19 crore
18,892 kai IN 88.80 on a
the company. However,
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ed the managemantto tem of the fe
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2 “Company had eeivedan ofl for ale (athe formot a nansinding term shee) of invesentin ith Gear Venues Lmtd (Jn Ventre). The Boa in todays
cit censin mate) blore Secures & Exchange Board of Inca ("SEI fr whic the Compa ha ear fed setlement app
cao to incorporate subsequent developments the
on the review
the Corpany, based
Jaton to alegedvicstons of SEBIActead wth SEBI(PFUTP) Regulations and Clause 36 of estate Listing Areement read
6 SEB cued notces te he Promoter Group
vith Section 21 of the Secures Contact Pron say Company wih Ci Bonk ited, and the Promote Group Company and Promoters wt Vshvapradan
‘Conmecil Private inte, nthe previous yeas
SEI ned a2 flows: probe sm buying, ots of mil ndtecty, or being associated
secures, rectly orPrometers
<elng or obverse desing inGroup wth the secures market in any manne
ond Promaters ate restained from accessinghe secures market and are futher
stg holding tind, of Promote Company and shal remain froze.
sorpany. Curate proceesngs on 22 Octeber 2019, the Tribunal exondedthe stay ode in elation tothe eect and
rections and damages et inttted by Mr Lu Rann, agains 12 (welve) defendant, claiming darages of NR 200
See Tepecevey on account ofthe ales dated 12 Octber 2018 and 14 October 2018 pubsshedon the webs oomedby
one plead Oscenbar 2018,
on ings
four pint vertues of the company namely nanroots Reta Pivate Limite, ianroots Shopping Line roadcastng Lined, ifesle & Meta Holdings Lined, whoseiwostments have been uly writen of he ener years, we
ved francis statements of ese ene forthe quarter and sx ments ended 30 September 2019, Based fe ones tere ano adistvent equred andne franca impact onthe company as hes ont verre remain
ance tacructure United and others against the Company, Execute Co-Chaipeson ofthe Conpany and charges Managingof
al Pare in Rafael Deal bioedcact onthe channel ‘NOTV 24X7" The C o mpa n y outighty rejects any
opton avalible under
on the earings the modedrevospecve approach, the Group hes meat ght Use "ROU aes tan amount equa to
eta and comparstives forthe year ended 31 March 2019 have not bee ciel adie, The adoption of nd AS 1 6 cht
respecte meetings
Boma of Directors andattheDisclosure
the Aude Comiton and Board byndathe (Ling on Lit (the Company" have cared out the review of
Obligation Requrements) "Audio fs beng fed with BSE Lewted and Natonal Stock
the Secuibes Exchange
Enchange of a Lites
lon behatofBafa of Obecors
Fore Dety/Pviton imted
2018
‘ate: 2 November