Entertainment Network (India) Limited — Important, 19-10-2024: Agreements

Entertainment Network (India) Limited has executed a Share Subscription and Shareholders’ Agreement with Ninety-nine Audiovisual Media Production LLC, marking a significant step in its proposed acquisition of up to 50% equity interest in the Saudi Arabian company. This agreement details pre-closing and post-closing covenants and sets forth operational and financial partnership conditions. The investment is part of a strategy to strengthen the company's foothold in the audiovisual sector.