New Delhi Television Board Approves Rs 800 Crore Perpetual Debentures Issue

Marketing Cuts Narrow Losses Net loss of Rs 63.5 Cr in Q2 FY27, loss narrowed 14.2% YoY. Revenue at Rs 129 Cr in Q2 FY27, +5.9% YoY. EBITDA loss of Rs 45.4 Cr in Q2 FY27, loss narrowed 16.1% YoY. EBITDA margin at -35.0% vs -44.2%; marketing, distribution and promotional expenses declined 24.7% vs revenue growth of 5.9%. H1 FY27 P&L includes Rs 7.3 Cr non-cash gains (asset sale, provision write-backs, fair value) per CFS, ~297bps of revenue; adjusted EBITDA margin ~-47.8% vs reported -44.8%. Board approved raising up to Rs 800 Cr via unsecured non-convertible perpetual debentures on private placement. Signed Asset Purchase Agreement on 14 August 2026 for GoodTimes channel acquisition, subject to MIB and other approvals.