Your Directors are pleased to present the Forty First Annual Report on the business and operations of the Company together with Audited Financial Statements for the nancial year ended March 31, 2026.

FINANCIAL HIGHLIGHTS

The nancial highlights for the year ended March 31, 2026 and March 31, 2025 are given below:

(Rs. in Crores)

PERFORMANCE OVERVIEW

During the nancial year 2025-26, the total Income for the year ended March 31, 2026 was Rs. 4,637.70 crore as against Rs. 4,543.96 crore during the previous year ended March 31, 2025. Pro t Before Tax was Rs. 1,876.24 as against Rs. 2,154.45 crore in the previous year. Pro t After Tax was Rs. 1,393.52 crore as against Rs. 1,654.46 crore in the previous year.

BUSINESS OVERVIEW

Your Company, one of the largest Television Broadcasters in India operating Satellite Television Channels across seven languages of Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi and Hindi airing FM radio stations across India continues to have sustained and increased viewership of its channels with Sun TV being the most watched channel in India. The Company also produces its own content and acquires the related rights. The Company has the license to operate an Indian Premier League ('IPL') franchise "SunRisers Hyderabad" & "SunRisers Eastern Cape" of Cricket South Africa's T20 League, and is also having a branch o ce in South Africa. The Company also operates a Digital OTT platform "Sun NXT". During the year, the Company acquired SunRisers Leeds Limited (SRL) in the United Kingdom, further strengthening its international sports portfolio. There is no change in the nature of business of the Company.

DIVIDEND

The Board of Directors during the nancial year ended March 31, 2026 have declared Interim Dividends of, Rs. 5.00 per share (100%) of face value of Rs. 5.00 each, Rs. 3.75 per share (75%) of face value of Rs. 5.00 each, Rs.2.50 per share (50%) of face value of Rs. 5.00 each and Rs.1.25 per share (25%) of face value of Rs. 5.00 each at their respective Board meetings held on August 7, 2025, November 14, 2025, February 6, 2026 and March 6, 2026 for the nancial year ended March 31, 2026, which had already been paid, as dividends for the nancial year ended March 31, 2026 and have not recommended any Final Dividend. The dividend payout would result in a total dividend of 250%, i.e., Rs. 12.50 per equity share of face value of Rs. 5.00 each for the nancial year ended March 31, 2026. (Prev. Year of 300%, i.e., Rs. 15.00 per equity share of face value of Rs. 5.00 each). The Payout ratio for the year stood at 35.35% .

The Dividend Distribution Policy is available on the website of the Company at https://www.suntv.in/dividend-distribution-policy.html

TRANSFER TO RESERVES

During the nancial year 2025-26, no amount has been transferred to the General Reserve.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134(3)(c) of the Companies Act, 2013 the Directors to the best of their knowledge hereby state and con rm that for the year ended March 31, 2026:

v In the preparation of the Statement of Pro t & Loss for the nancial year ended March 31, 2026 and Balance Sheet at that date (" nancial statements"), the applicable accounting standards have followed along with proper explanation relating to material departures, if any;

v Appropriate accounting policies have been selected and applied them consistently and made such judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of a airs of the Company as at the end of the nancial year and of the pro t of the Company for that period;

v Proper and su cient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. To ensure this, the Company has established internal control systems, consistent with its size and nature of operations. In weighing the assurance provided by any such system of internal controls its inherent limitations should be recognized. These systems are reviewed and updated on an ongoing basis. Periodic internal audits are conducted to provide reasonable assurance of compliance with these systems. The Audit Committee meets at regular intervals to review the internal audit function; v The nancial statements have been prepared on a going concern basis;

v Proper internal nancial controls were in place and that the nancial controls were adequate and were operating e ectively; and

v Proper systems are in place to ensure compliance of all laws applicable to the Company.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In accordance with Section 135 of the Companies Act, 2013, the Company has constituted a Corporate Social Responsibility Committee and the Committee has approved a CSR policy. The Annual report on CSR activities as required under Companies (Corporate Social Responsibility Policy) Rules, 2014 has been appended in Annexure I to this Report. Further details relating to the Corporate Social Responsibility Committee are provided in the Corporate Governance Report, which forms part of this report.

SUBSIDIARY COMPANIES

Your Company has three subsidiaries viz., M/s. Kal Radio Limited, M/s. South Asia FM Limited (SAFM) and M/s. SunRisers Leeds Limited. SAFM is a subsidiary which has been classi ed as Joint Venture (JV) as per Ind-AS in nancial statements of the Company and accounted as per applicable Ind-AS accounting standard framework. During the year, M/s. Northern Superchargers Limited became a wholly owned subsidiary of the Company pursuant to the acquisition of 100% of its equity share capital for a consideration of GBP 100.5 million. Subsequent to the acquisition, the name of M/s. Northern Superchargers Limited was changed to M/s. SunRisers Leeds Limited ("SRL").

There has been no material change in the nature of business of the subsidiaries. Shareholders interested in obtaining a copy of the audited annual accounts of the subsidiary companies may write to the Company Secretary. No Subsidiaries, joint ventures or associate companies were ceased during the nancial year under review. Financial accounts of subsidiary companies for the nancial year 2025-26 will be available on the Company's website www.suntv.in.

TRANSACTIONS WITH RELATED PARTIES

All Related Party Transactions entered during the year were in Ordinary Course of the Business and at arm's Length basis and were approved by the Audit Committee and the Board. No contract or arrangement required approval of shareholders by a resolution as there are no materially signi cant related party transactions, entered into by the Company with its Directors / Key Managerial Personnel or their respective relatives, the Company's Promoter(s), its subsidiaries / joint ventures / associates or any other related party, that may have a potential con ict with the interest of the Company at large.

Accordingly, the Company has not entered into material transaction with the Related Parties, thus the disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013, in Form AOC-2 is not applicable.

The Policy on Related Party Transactions, as formulated by the Board is available on the Company's website at https://www.suntv.in/policy-on-related-party-transactions.html

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 hereinafter referred as SEBI (Listing Regulations), 2015 your Company has led the reports on related party transactions with the Stock Exchanges within statutory timelines.

STATUTORY AUDITORS

Pursuant to the provisions of Section 139(1), 141, 142 and other applicable provisions of the Companies Act, 2013, the Company appointed M/s. S.R. Batliboi & Associates LLP, Chartered Accountants, (ICAI Firm Registration No:

th

101049W/E300004) as Statutory Auditors for a term of ve years from the conclusion of 37 Annual General Meeting

nd

till the conclusion of 42 Annual General Meeting to be held in the year 2027. Further, M/s. S.R. Batliboi & Associates LLP have con rmed that they hold a valid certi cate issued by the Peer Review Board of the Institute of Chartered Accountants of India as required under the SEBI (Listing Regulations), 2015. The unmodi ed / unquali ed report of Statutory Auditors forms part of this report.

During the year under review, the Statutory Auditors, have not reported any instances of frauds committed in the Company by its O cers or Employees to the Audit Committee under section 143(12) of the Companies Act, 2013.

SECRETARIAL AUDITORS

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries, have been appointed as the Secretarial Auditors of the Company for a term of ve consecutive nancial years from FY 2025-26 to FY 2029-30. The Secretarial Audit Report for the nancial year under review is annexed herewith as Annexure II. The unmodi ed / unquali ed report of Secretarial Auditors forms part of this report.

During the year under review, the Secretarial Auditors have not reported any instances of frauds committed in the Company by its O cers or Employees to the Audit Committee under section 143(12) of the Companies Act, 2013.

INTERNAL AUDITORS

M/s. K. Ramkrish & Co., Chartered Accountants, Chennai have been re-appointed as Internal Auditors of the Company for the nancial year 2026 27. The Audit Committee of the Board and the Statutory Auditors are periodically apprised of the Internal Audit ndings and corrective actions are taken.

COST AUDIT

The Company maintains the Cost Records as speci ed by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013. In pursuance of Section 148 of the Companies Act, 2013 read with Companies (Cost Records and Audit) Rules, 2014 M/s. S. Sundar & Associates, Cost Accountants, were engaged to carry out Audit of Cost Records of the Company for the Financial Year 2026 27. Requisite proposal seeking rati cation of remuneration payable to the Cost Auditor forms part of the notice of ensuing Annual General Meeting.

During the year under review, the Cost Auditors have not reported any instances of frauds committed in the Company by its O cers or Employees to the Audit Committee under section 143(12) of the Companies Act, 2013.

MATERIAL SUBSIDIARY COMPANY

Pursuant to the Regulation 16(1)(c) of the SEBI (Listing Regulations) 2015, your Company has no material subsidiary company, whose turnover or net worth exceeds 10% of the consolidated turnover or net worth respectively of your Company and its subsidiaries in the immediately preceding accounting year.

TRANSFER TO THE INVESTOR EDUCATION AND PROTECTION FUND

In terms of Section 125(2) of the Companies Act, 2013, an amount of Rs. 5,97,503/- (Rupees Five Lakhs Ninety Seven Thousand Five Hundred and Three Only) being unclaimed dividend pertaining to the nancial year 2017-18 and 2018-19 has been transferred during the year to the Investor Education and Protection Fund established by the Central Government.

CREDIT RATING

Your Company has not obtained any credit rating for the Financial year 2025 26.

DIRECTORS

None of the Company's directors are disquali ed from being appointed as a Director as speci ed in Section 164 (2) of the Companies Act, 2013. The Certi cate for Non Disquali cation of Directors from Practicing Company Secretaries forms part of this Annual Report.

RETIREMENT BY ROTATION

Pursuant to the provisions of the Companies Act, 2013, Ms. Kaviya Kalanithi Maran (DIN: 07883203), Director of the Company will retire at the ensuing AGM and being eligible, seeks re-appointment. The Board of Directors recommend her re-appointment.

The information on the particulars of Director eligible for re-appointment in terms of Regulation 36(3) of the SEBI (Listing Regulations) 2015, has been provided in annexure to the notice convening the Annual General Meeting.

CHANGES IN BOARD OF DIRECTORS

There were no changes in the composition of the Board during the year 2025 26.

KEY MANAGERIAL PERSONNEL

Pursuant to the provisions of the Companies Act, 2013 the Key Managerial Personnel of the Company are Mr. Kalanithi Maran, Executive Chairman, Mr. Mahesh Kumar Rajaraman, Managing Director, Mrs. Kavery Kalanithi, Executive Director, Mr. Krishnaswamy Vijaykumar, Executive Director, Ms. Kaviya Kalanithi Maran, Executive Director, Mr. V.C. Unnikrishnan, Chief Financial O cer and Mr. R. Ravi, Company Secretary.

There has been no change in the Key Managerial Personnel of the Company.

SHARE CAPITAL

The paid up share capital of the Company is Rs 197,04,23,100 divided into 39,40,84,620 of equity shares of Rs 5/-each and there were no changes during the nancial year ended March 31, 2026. The Company's equity shares are listed on the National Stock Exchange of India Ltd and BSE Ltd.

During the nancial year 2025 26, the Company has not issued shares with di erential voting rights, sweat equity shares and any other further issue.

CHANGES IN MEMORANDUM AND ARTICLES OF ASSOCIATION

During the year, there were no alterations made in the Memorandum and Articles of Association of the Company.

CORPORATE GOVERNANCE REPORT, MANAGEMENT DISCUSSION & ANALYSIS REPORT AND OTHER INFORMATION REQUIRED UNDER THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

As required under Regulation 34 read with Schedule V of SEBI (Listing Regulations), 2015 the report on Management Discussion and Analysis, Corporate Governance as well as the Practicing Company Secretaries certi cate regarding compliance of conditions of Corporate Governance forms part of the Annual Report.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR)

As per Regulation 34(2)(f) of SEBI Listing Regulations, 2015, your Company has prepared the Business Responsibility and Sustainability Report setting out the Company's Social, Environmental and Governance aspects. The SEBI vide circular dated July 12, 2023 on BRSR Core - Framework for Assurance and ESG disclosures for value chain, noti ed Disclosures and Assurance for the value chain of top 500 listed entities (by market capitalization). Accordingly, the Board had appointed M/s. J. Sundharesan & Associates, Practising Company Secretaries, Bengaluru as its BRSR consultant and after conducting necessary due diligence they have issued Reasonable Assurance Report which is available in the link along with the BRSR. Weblink: https://www.suntv.in/pdf/CSR/Business_Responsibility&Sustainability_Report_2026.pdf

PARTICULARS OF EMPLOYEES

Sun TV Network Limited had 1010 employees as of March 31, 2026 (previously 932). In accordance with the provisions of Section 197 (12) of the Companies Act, 2013 read with Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 the required information is provided in the Annual Report which forms part of this Report. However, as per the second proviso of Section 136(1) of the Companies Act, 2013, the Annual Report is being sent to all the Shareholders of the Company excluding the aforesaid information. Any member interested in obtaining such information may address their email to tvinfo@sunnetwork.in. The said information is available for inspection at the registered o ce of the Company during working hours up to the date of ensuing Annual General Meeting.

SIGNIFICANT / MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There were no signi cant or material orders passed by the regulators or courts or tribunals impacting the going concern status and Company's operations in future.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY BETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE OF THE REPORT

There were no material changes and commitments a ecting the nancial position of the Company occurred between the end of nancial year to which this nancial statements relate to and the date of this Report.

ANNUAL RETURN

In accordance with the provisions of the Companies Act, 2013 the Annual Return in the prescribed format is available on the website of the Company at https://www.suntv.in/pdf/Finance/2025/Annual_Return.pdf

NUMBER OF MEETINGS OF THE BOARD

During the nancial year, Six Board Meetings were held. The details of meetings are furnished in the Corporate Governance Report. The intervening gap between the Meetings did not exceed 120 days as per Section 173(1) of the Companies Act.

DISCLOSURE ON AUDIT COMMITTEE

The details pertaining to the composition of the Audit Committee as at March 31, 2026 including the terms of reference has been provided under a separate section in the "Corporate Governance Report". All recommendations of the Audit Committee were accepted by the Board of Directors.

INDEPENDENT DIRECTORS' DECLARATION

All Independent Directors have given declarations that they meet the criteria of independence as laid down under Section 149 (6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Regulations), 2015.

POLICY OF DIRECTORS' APPOINTMENT AND REMUNERATION

The Company's policy on Director's appointment and remuneration including criteria for determining quali cations, positive attributes, independence of a director and other matters provided in Section 178(3) of the Companies Act, 2013 is available at the Company's website www.suntv.in. Further, information about remuneration of individual directors are provided in the Annual Return Form MGT - 7.

BOARD DIVERSITY

The Company recognizes that a diverse Board is fundamental to e ective corporate governance and sustainable business success. The composition of the Board re ects an appropriate mix of skills, experience, expertise, age, gender, and other attributes, enabling balanced decision-making and e ective oversight. The Board believes that diversity enhances the quality of deliberations, promotes varied perspectives, and strengthens the Company's governance framework. The Company has adopted a Board Diversity Policy, which is available on the Company's website at www.suntv.in

COMMITTEES OF THE BOARD

The details pertaining to the composition of the various Committees of the Board of Directors are included in the Corporate Governance Report, which forms part of this report.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENT

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements (Note No. 7 & 9).

INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal nancial controls. These controls are commensurate with the size, scale and complexity of its operations and are designed to ensure the orderly and e cient conduct of its business, safeguarding of assets, prevention and detection of fraud and errors, accuracy and completeness of accounting records, and timely preparation of reliable nancial information. The adequacy and e ectiveness of these controls are periodically reviewed by the Management and the Audit Committee.

PUBLIC DEPOSITS

During the year under review, your Company did not accept any deposits in terms of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit) Rules, 2014.

RISK MANAGEMENT

The Board has constituted a Risk Management Committee in compliance with the provisions of the Companies Act, 2013 and Regulation 21 of the SEBI (Listing Regulations), 2015. The Company has in place a comprehensive Risk Management Policy to identify, assess, monitor, and mitigate key business risks, including risks that, in the opinion of the Board, may threaten the existence of the Company. The Risk Management Committee reviews the Company's risk management framework and mitigation measures on a quarterly basis and monitors the e ectiveness of the controls implemented. Further details on the Company's risk management framework are provided in the Management Discussion and Analysis Report, which forms part of this Annual Report.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company has practice of conducting structured induction and familiarization programme of the independent

directors as detailed in the Corporate Governance Report which forms part of the Annual Report.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

As per Section 177(10) of the Companies Act, 2013 and Regulation 22 of the SEBI (Listing Regulations) 2015, the Company has a vigil mechanism to deal with instance of fraud and mismanagement, if any. The details of policy are explained in the Corporate Governance Report. Policy on Vigil Mechanism is hosted on the website of the company.

PERFORMANCE AND FINANCIAL POSITION OF SUBSIDIARIES

The nancial position of each of the subsidiaries is provided in a separate statement AOC 1, attached to the

Financial Statement pursuant to rst proviso of Section 129(3) of the Companies Act, 2013 as Annexure III.

INDEPENDENT DIRECTORS' MEETING

As per Regulation 25 of the SEBI (Listing Regulations) 2015, a separate meeting of Independent Directors was held

during the nancial year. The detailed information is given in the Corporate Governance Report.

ANNUAL PERFORMANCE EVALUATION

Pursuant to the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Regulations) 2015, the Board has undertaken an annual performance evaluation of its own functioning, that of its Committees, and the individual Directors. The detailed framework and process for the performance evaluation are set out in the Corporate Governance Report, which forms part of this Annual Report.

POLICY ON PROHIBITION OF INSIDER TRADING

Pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended the Code of Conduct to regulate, monitor and report trading by Designated Persons and their Immediate relatives and the policy for fair disclosure of unpublished price sensitive information has been made available on the Company's website www.suntv.in.

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE

The Company has zero tolerance for sexual harassment at workplace and has adopted an Anti-Sexual Harassment policy in line with the provisions of the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder. The Company has constituted Internal Complaints Committee with four members to consider and resolve sexual harassment complaints. The Committee met once in the nancial year ended March 31, 2026.

(a) number of complaints of sexual harassment received in the year: NIL

(b) number of complaints disposed o during the year: NIL

(c) number of cases pending for more than ninety days: NIL

STATEMENT ON MATERNITY BENEFIT COMPLIANCE

During the year under review, the Company has complied with the provisions of the Maternity Bene t Act, 1961. The Company remains committed to promoting an inclusive and supportive workplace by ensuring that all eligible women employees are provided with the maternity bene ts and other entitlements prescribed under the Act.

DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE 2016, DURING THE YEAR

No applications have been made and no proceedings are pending against the Company under the Insolvency and Bankruptcy Code 2016.

(A) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION

The Company is engaged in Satellite Television Broadcasting operations and the information, as intended under section 134(3)(m) does not arise. The Company uses the latest high de nition (HD) digital technology in broadcasting its programs. The outdated technologies are constantly identi ed and updated with latest innovations.

(B) FOREIGN EXCHANGE EARNINGS AND OUTGO

(Rs.in Crores)

*FY 25-26 includes investment of Rs. 1,190.88 Crores in SunRisers Leeds Limited ("SRL"), United Kingdom.

CONSOLIDATED FINANCIAL STATEMENTS

As required by Indian Accounting Standard Ind-AS 110 & Ind-AS 27 on Consolidated Financial Statements issued by The Institute of Chartered Accountants of India, the Audited Consolidated Financial Statements of the Company are attached. The Audited Consolidated Financial Statements also account for the non-controlling interest of your Company's subsidiary.

COMPLIANCE WITH SECRETARIAL STANDARDS

Your Company has complied with the applicable Secretarial Standards, SS-1 relating to Meetings of Board and SS-2 relating to General Meetings.

CERTIFICATIONS

The Managing Director and the Chief Financial O cer have submitted a certi cate to the Board regarding the nancial statements and other matters as required under Regulation 17(8) of the SEBI (Listing Regulations) 2015, and the Managing Director has con rmed the Code of Conduct as envisaged in Listing Regulations. In terms of Regulation34 of SEBI (Listing Regulations), 2015, an Independent professional has given a Certi cate on Corporate Governance Compliance and a Certi cate stating that none of the Directors are disquali ed, which forms part of the report.

MAJOR THINGS HAPPENED DURING THE YEAR WHICH MADE THE IMPACT ON THE OVERALL WORKINGS OF THE COMPANY & THE MAJOR ACTIONS TAKEN BY THE COMPANY

Nil

THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

During the year under review the Company has not availed any loans from any Banks or Financial Institutions.

APPRECIATION AND ACKNOWLEDGMENT

Your Directors place on record their sincere appreciation for the dedication, hard work, commitment, solidarity, cooperation and continued support of the employees at all levels, whose collective e orts have enabled the Company to sustain its growth and maintain its leadership position in the media and entertainment industry.

Your Directors also express their gratitude to the Central and State Governments, particularly the Ministry of Information and Broadcasting and the Department of Telecommunications, as well as to the Company's viewers, producers, vendors, nancial institutions, banks, investors, service providers, regulatory and governmental authorities and stock exchanges for their continued support, cooperation and con dence in the Company.