MEDIAWORKS LIMITED · (Statement) of Next Mediaworks Limited (‘the Company’) and its...
Transcript of MEDIAWORKS LIMITED · (Statement) of Next Mediaworks Limited (‘the Company’) and its...
NEXT
MEDIAWORKSLIMITED
4'" February. 2019
Medan-l srock Exchange at Indil no. 552 Limiud
Exchange Plaza, 01‘ Block (3 Sandra 25‘" Flam, F' J Towers Dale! Street
Kurle Complex Barrera East Mumbal , «mom
Mumbalr 400051 Securlly Coda: 532413
Symbol: NEX'l’MEDIA
Dear Slr(s)/Madam
Sub: Outcome cc Hoard Mutiny
vwrn relererrce to me sublecl matter we would lrke Ia lnform you mar me anrd 0! Dreams
cl Next Medrsworks lened at thelr rneelmg held on luday r e 4'” February 2019, lrller anal
consldered and appmved me unaudlled Frnenerel Resulls [Smndahne arm Consohdaled) of
lno Company ler me cuener ended on 31“ December, 2013
In View ol the above, enclosed helewlm please find the Press Release unaudned Frnencral
Results (Standalone and Consclldaled) along wrm lened Rsvlew repbn (Slandalone and
Cnnsnlldated) lor the quarter ended on 31“ December 2016
The 55rd resuus duly revlewed by me Audn Cummluee and have been approved and taken
on record by the Board cl Dweclors at lts rneenng nela on 4‘" February, 20m
The alcresarc meelmg Commenced a| 12 oo noun ene concluded al 2 45,.) m
Klrmly rake me above on record and acknowledge me racelpt ol me same
Thankmg Your
Yours lelnrluny,
Glurav snarrn “‘4/. def
ampliance owner
Ul n r n rem «e ro rlcor
Y1! perm Em a no lSE- D J mama: am
on” Mulllydl 400014‘
l9l 2: {finale
m N nexln earmom mm
rm lzxvoowwammzansz
NEXT
MEDIAWORKSLIMITED
m
- nu Dec 24:15 Toplinl up by W. lo Re 5911 more
- VTD Doc 1m! EBITDA up by 19-1. In Rs. no more
Mumhii Fenrgag 5 ms
Plflgmance lllgnllgms lor vm Dec 2012
Nexr Medlawclks erllea reppned rle vm Dee 2013 and 03 FV 201549 results In «re Board Meelrng hela on
February 4. 2am The campany pperales 7 FM radlo hcences m lne melm ones or Member nelnn Eangalore, Kulkala‘
cnennan Ahmedabad and Fune under me Radlo One brand lnreugn rls suhsldlzry Nexl Rama errlea and nas seen
uernenuous resppnae lrorn llsleners ano advenlsers for lls all-rerenlraleu pregramnnng lennal rn eacn my
Financlrll nghligms
ansnlidillfl Rs; ll for Wu Doc. ma
As mmpared wrlh lne same pence lasl year
. Revenues nave lnereasea by 3 5% mm Rs 57 72 mores lo Rs 59 m crores
- EBITDA nas lncreassd by19 4% lrorn Rs 3 29 erpres [0 Rs 9 an crmes
Flnanclal nlgllligms
. Commuous consumer engagemem has nelpea us lp fllflerermam ourselves and re meraaee lne pperanng
perlprmanpe. Marglns have lmpmved wrln a enarp mm on cost ana loplrna gremn
Non-financlal lllgllliqllls
Tne HT Medla Llrmled has execmed snare Purenaae Agreement (SPA) mm m: premolars of ma company lp aequrre
1.57 23 229 Eqully snares aggreganng lo 25% pl lne Volrng Share capllal. pursuanl lo eucn SPA an Open Offer hi the
Public snarenpluers naa been made re acqulre up la 1 7332457 Emmy snares cpnslnullng 26% or me vmrng snare
sapllal
The Beard cl Dlrectors pl lne Company nave aeamed |a wrmarew lrpm me man epmposrle Scheme pr Anangemenl
and Amalgamallon llls 230232 or lne Companles Acl, 2m amangs\ lne company, Next Rama «mm (“NRL”), HT
Media lel|ed 1 TM l and HT Mus-c a Emenalnmem Company Immed ("HTME") and lnerr reapeclwe sharemlders 5
creerlprs ("Scheme“)
Quoh warn Tariqua Ansan. Chairmln 5 ml), uexl Mofllaworks Lm
Desprle an overall apmmaalnzea l; lnerelore drfilnun medra marks! .n lne firsl new 01 me yeah lnal ccmmues la wlmess
arngle argll loplrne gmwlh we were able lo maxlmlze enelennes acmss lunalons resulllng ln sunslannal EBrDYA
growth rn our radlo buslness ln em 11‘" year we commue |o be India‘s Npl lnlernalrpnal raalo neMork ln Delhl
Mumbal & Bangalore
2019 looks prumlslng and elanea on an a pcsllwe nple wrlh pnvale FM ladle slallans allowea lp preaueael All lndla
Radm News lree of cu5| en lnal basls ml May 31 N50. on «re advemslng lrpnl wlln me upcomlrlg elecllpnn H and
World Cup we expecl lne revenue wr» lmpmve ln cpmlng quaners
We exped lne advemsers pl lne core seclars at real eslale. BFSL aulo arm ecommerce m dnve (me gth The
mdusfly le also be nelpea by a splke due no elemn spends and lnpreaelng spends aunng sppmng evenls Such as are
world cup and M
UM H‘ aanm lo' rlpen
rnr :reresr Em n no lser n J aeaeree Road
Ta’aen Mumhal 400 owl
rel zz 0152mm
wawuxlm-alawrllkaram
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Walker Chandiok &Co LLP
Walker Chandiok a. Co LLP
16th Floor, Tower II,
Indlabulls Finance centre,
513 Mary, Elphinstone (W)Mumbal . 400 013
Maharashtra, indie
T ‘91 22 6626 2600
F +91 22 6626 2601
Independent Auditofs Review Report on standalone Quarterly Financial Results and Year to Date Results
of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations. 2015
To the Board of Directors of Next Mediaworks Limited
1. We have reviewed the accompanying statement of unaudited standalone financial results (Statement) of Next
Mediaworks Limited (‘the Company‘) forthe quarter ended 31 December 2018 and the year to date results for
the period 1 April 2018 to 31 December 2018, being submitted by the Company pursuant to the requirementsof Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This
Statement is the responsibility at the Company‘s Management and has been approved by the Board of
Directors. Our responsibility is to issue a report on the Statement based on our review.
2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of
interim Financial lntomration Perfumed by the independent Auditor of the Entity. issued by the Institute of
Chartered Accountants 0! India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material misstatement. A review 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 performed an audit and accordingly, we do notexpress an audit opinion.
3. Based on our review conducted as above, nothing has Corrie to our attention that causes us to believe that
the accompanying Statement, prepared in accordance with applicable Indian Accounting Standards specified
under Section 133 of the Companies Act, 2013 and SEBI Circulars ClR/CFD/CMD/15/2015 dated 30
November 2015 and ClR/CFD/FAC/GZ/ZDtS dated 5 July 2016. and other recognised accounting practicesand policies has not disclosed the intormation required to be disclosed in accordance with the requirements
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includingthe manner in which it is to be disclosed, or that it contains any material misstatement.
For Walker Chandiok 8- Co LLP
Chartered Accountants
Firm Registration No: 001076N/N500013
obit/taSudttlr N. Ptllai
,
Partner
Membership No. 105782
Place: Mumbai
Date: 4 Feburary 2011
Charter-d mount-nu Walkerchandiok a Co LLP ls registeredmm limit-d liability wtlh ldenltficnlmn
ornm 1.. Bangaturu. Chamtfiim, Chennai Gurugrzm Hyderabad. Km. Kalkzta, Mumhar, mw om, Nerds m Parts nwmucem and us registered ottlce
at w Connaught Cums, New mm
mom, rm
IAN
NEXTMEDIAWORKSLIMITED
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1 The Board 01 mmmm company a) «5 7119mm mm on 115mm 20. 2015 have deeded m withdraw 00m m: dran
2107131 dune (mum-5 m, 201137000951 me mnpalw, Next Radio “mm ("um“), at Media mm (“mm") and MT Music a E
Msmmwm “mam (firms). Thus scheme was app
The Board m mums 01m company on July 15,1u16 had gweu )rs consenm :5) 100% 7m
0191;) One mm: named. 11mm I91: immrvts m aqul‘y shares cf almmned 10.95 505111015 has
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(am :00101120)
Munbal
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\" a?
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5907510: DIPJIIUUS tunnel/perm um bun .egmpm7mnm WW7 vumveu )3 main (hem cannon-me.
(med mm: mm Mama new on mm a. 2m.
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been sold an Augun e,
gofmefloardolmmnrsmmecuwany
(11090505 Scheme 0! 1mm and Amalgam 075
Installment (moan) mind ('HTME“) am me!
e. Men omddov Hum, 01!: Am Limited and
2015 '01 3 ml cmsmerouun at Rs. 0,41 m.
Walker Chandiok &Co LLP
Walker Chandiok a Co LLP
16th Floor, Tower II.
lndlabulls Finance centre,
so Marg, Elphlnstone (w;
Mumbal . 400 013
Maharashtra, lndla
T +91 22 6626 2600
F ‘91 22 6626 2601
Independent Auditor’s Review Report an Consolidated Quarterly Financial Results and Year
to Date Results of Next Mediaworks Limited Pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of Next Mediaworks Limited
1. We have reviewed the accompanying statement of unaudited consolidated financial results
(Statement) of Next Mediaworks Limited (‘the Company’) and its subsidiaries (the Company
and its subsidiaries together referred to as ‘the Group‘), (Refer Annexure 1 (or the list of
subsidiaries included in the Statement) for the quarter ended 31 December 2018 and the
consolidated year to date results for the period 1 April 2018 to 31 December 2018, being
submitted by the Company pursuant to the requrrements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requrrements) Regulations. 2015. This Statement is the
responsibility of the Company‘s management and has been approved by the Board of
Directors. Our responsibility is to issue a report on the Statement based on our review.
2. 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 requrres that we
plan and perform the review to obtain moderate assurance as to whether the Statement is free
of material misstatement, A review 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 performed an audit and accordingly, we do not express an audit opinion.
3. Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with applicable Indian
Accounting Standards specified under Section 133 of the Companies Act. 2013 and SEBI
Circulars ClR/CFD/CMD/15/2015 dated 30 November 2015 and ClR/CFD/FAC/62/2016 dated
5 July 2016, and other recognised accounting practices and policies has not disclosed the
information requrred to be disclosed in accordance with the requirements 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.
Page 1 of 2
Charter-d Mm...” Mommas caiwimwwwllh mm mm min autumnal
Offices In Bangalmu, Chandigarh. Chennai, Guwram. Hyn-rzoao Kodtl, Kolkaia, Mumbm. New Delhi Nada and Pune number ARC-2085 and its MIKE-lei!“ 0"“
m u. Connaughl Circus. New Delhi
Hanoi 1m.
Walker Chandiok &Co LLP
Next Madlaworks Limited
Independent Auditor's Review Report an Consolidated Quarterty Financial Results — 31 December 2013
4. We did not revuew the financial results of four subsidiaries included in the Statement whose
financial results reflect:
a) total revenues of i 3.92 lacs for quarter ended 31 December 2018 ,f 4.11 lacs for the
period1 April 2018 to 6 August 2018 and ? 12.18 lacs tor the period 1 April 2018 to 31
December 2018,
b) net profit (including other comprehensive income) of 3 3.22 lacs for the quarter ended
31 December 2018, 1 3.34 lacs for the period 1 April 2018 to 6 August 2018 and i 1002
lacs for the period 1 April 2018 to 31 December 2018.
These financial results have not been reviewed and have been furnished to us by the
management and our report in respect thereof is based solely on such unreviewed financial
results.
Our reVIew report is not modified in respect of this matter.
For Walker Chandiok & Co LLP
Chartered Accountants
Firm Registration No: 001076N/N500013
JAMSudhir N. Pillai
Partner
Membership No. 105782
Place: Mumbai
Date: 4 February 2019
Page 2 012
Chan-red Accounlants
NEXT
MEDIAWORKSLIMITED
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