Sun TV Network Ltd: Key Financial Updates
Sun TV Network Limited, a prominent player in the media and entertainment sector, has recently announced several significant financial decisions and updates. The company, which operates a diverse portfolio of satellite television channels, FM radio stations, and digital platforms, has made headlines with its latest board meeting outcomes and financial results.
Unaudited Financial Results for Q2 2025
On August 7, 2025, Sun TV Network Limited released its unaudited financial results for the quarter ending June 30, 2025. The company, listed on the National Stock Exchange of India, continues to maintain a strong presence in the media industry, with a market capitalization of INR 221.81 billion. The close price of its shares on August 5, 2025, was INR 557.8, reflecting a stable performance within the 52-week range of INR 549.3 to INR 921.
Board Meeting Outcomes
The board meeting held on August 7, 2025, resulted in several key decisions:
Appointment of Secretarial Auditors: The board approved the appointment of M/s Lakshmi Subramanian & Associates, a firm of practicing company secretaries, as the secretarial auditors. This decision aligns with the SEBI (Listing Obligations and Disclosure Requirements) Regulation.
Interim Dividend Approval: A significant highlight from the meeting was the approval of an interim dividend of INR 5.00 per equity share of INR 5 each, amounting to a 100% dividend for the financial year 2025-26. This decision underscores the company’s strong financial health and commitment to returning value to its shareholders.
Record Date for Dividend: The record date for the interim dividend has been set for August 13, 2025. Shareholders holding the shares on this date will be eligible for the dividend payout.
Company Overview
Sun TV Network Limited operates through its Media and Entertainment segment, offering a wide range of services including satellite television channels in six languages, FM radio stations, and digital platforms like Sun NXT. The company owns the SunRisers Hyderabad Cricket Franchise and SunRisers Eastern Cape, further diversifying its portfolio. With a reach of over 140 million households in India and a global presence, Sun TV Network continues to be a significant player in the media landscape.
These updates reflect Sun TV Network Limited’s ongoing efforts to strengthen its market position and deliver value to its stakeholders.