Next Mediaworks Limited — Others, 17-01-2025: Change in Management

Next Mediaworks Limited's Board has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The consolidated revenue from operations stood at ₹2,742 crore, with a total income of ₹3,090 crore. However, the company reported a loss after tax of ₹2,143 crore. Additionally, Mr. Praveen Someshwar resigns as Non-Executive Director effective February 28, 2025, and Mr. Sameer Singh has been re-designated as Non-Executive Non-Independent Director from January 17, 2025.

Investors should note the ongoing losses and governance changes which may influence sentiment. The potential for strategic shifts under the new board configuration could present both challenges and opportunities moving forward.