RADAAN - Radaan Media.
📢 Recent Corporate Announcements
Radaan Mediaworks India Limited has resubmitted its financial results for the quarter ended December 31, 2025, in response to a query from the National Stock Exchange. The exchange had noted that the original filing made on February 13, 2026, was not legible or machine-readable. The company has now provided a high-resolution PDF to ensure compliance with SEBI filing standards. This update is administrative in nature and does not alter the financial data previously disclosed.
- Resubmission of financial results for the quarter ended December 31, 2025
- Correction follows an NSE notification dated March 2, 2026, regarding document legibility
- Company confirmed the new filing is a machine-readable PDF compliant with SEBI guidelines
- The original results were initially filed with the exchange on February 13, 2026
Radaan Mediaworks India Limited has issued a postal ballot notice seeking shareholder approval for significant related party transactions for FY2026-27. The company proposes to avail unsecured loans of up to ₹10 crore each from Chairperson Mrs. R Radikaa Sarathkumar and Director Mr. R Sarathkumar, totaling ₹20 crore. Additionally, approval is sought for entering into contracts for professional services with both individuals. These resolutions are necessary as the transactions may exceed 10% of the company's annual consolidated turnover.
- Proposed unsecured loan of up to ₹10 crore from CMD Mrs. R Radikaa Sarathkumar for FY2026-27
- Proposed unsecured loan of up to ₹10 crore from Director Mr. R Sarathkumar for FY2026-27
- Approval sought for professional services contracts with both promoters for the upcoming financial year
- Transactions are classified as material related party transactions exceeding 10% of annual turnover
- Remote e-voting period runs from February 20, 2026, to March 21, 2026
Radaan Mediaworks India Limited has announced the resignation of Mr. Balaji Gandla from his role as Company Secretary and Compliance Officer. The Board of Directors accepted the resignation during their meeting on February 13, 2026, with the cessation effective from the close of business hours on February 14, 2026. Mr. Gandla cited personal reasons for his departure from the company. As a Key Managerial Personnel (KMP), his exit necessitates the appointment of a successor to maintain regulatory compliance standards.
- Resignation of Mr. Balaji Gandla as Company Secretary and Compliance Officer (KMP)
- Effective date of cessation is February 14, 2026
- Resignation cited as being due to personal reasons
- Board of Directors took the resignation on record on February 13, 2026
Radaan Mediaworks held a board meeting on February 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Alongside the financial approval, the company announced the resignation of Mr. Balaji Gandla, the Company Secretary and Compliance Officer, effective February 14, 2026. The resignation is attributed to personal reasons, and the board has taken the same on record. The statutory auditors have issued a Limited Review Report for the period ending December 2025.
- Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
- Company Secretary and Compliance Officer Mr. Balaji Gandla resigned effective February 14, 2026.
- Resignation of the Key Managerial Personnel (KMP) is cited as being due to personal reasons.
- Statutory Auditors M/s SRSV & Associates provided the Limited Review Report for the financial results.
- The board meeting concluded within 50 minutes, starting at 4:45 p.m. and ending at 5:35 p.m.
Radaan Mediaworks India Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 13, 2026, also accepted the resignation of Mr. Balaji Gandla, the Company Secretary and Compliance Officer. The resignation is effective from the close of business hours on February 14, 2026, cited as being for personal reasons. While the cover letter confirms the approval of results, specific profit and loss figures were not detailed in this summary document.
- Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
- Statutory Auditors M/s SRSV & Associates issued a Limited Review Report on the financial results.
- Company Secretary and Compliance Officer Mr. Balaji Gandla resigned effective February 14, 2026.
- The board meeting commenced at 4:45 p.m. and concluded at 5:35 p.m. on February 13, 2026.
Radaan Mediaworks India Limited has responded to clarifications sought by the NSE and BSE regarding its financial results for the quarter ended September 30, 2025. The company explained that its standalone and consolidated financial figures are identical because its subsidiary company had no operational activities during the reporting period. Additionally, the company has provided a more legible copy of the financial statements as requested by the exchanges. This filing addresses procedural reporting concerns rather than fundamental financial changes.
- Clarified that standalone and consolidated figures are identical due to zero operational activity in the subsidiary.
- Responded to exchange queries raised on January 8 and January 9, 2026.
- Submitted a legible and machine-readable copy of the Q2 FY26 financial results.
- Confirmed compliance with Schedule III of the Companies Act, 2013 regarding reporting formats.
Radaan Mediaworks India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar and Transfer Agent Cameo Corporate Services Limited, covers the period ending December 31, 2025. This document confirms that share certificates received for dematerialization have been processed and the necessary records updated with the depositories. Such filings are standard administrative requirements for all listed companies in India to ensure the integrity of electronic shareholding.
- Submission of compliance certificate for the quarter ended December 31, 2025.
- Certificate issued by Registrar and Transfer Agent (RTA) Cameo Corporate Services Limited.
- Confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Verification of share certificate mutilation and cancellation during the dematerialization process.
Radaan Mediaworks India Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the company's declaration of un-audited financial results for the quarter ending December 31, 2025. The restriction applies to all promoters, directors, and designated persons. The trading window will reopen 48 hours after the financial results are officially announced to the exchanges.
- Trading window for securities dealing to close effective January 1, 2026
- Closure is for the purpose of declaring un-audited financial results for Q3 FY2026
- Restriction applies to promoters, directors, officers, and designated persons
- Window will reopen 48 hours after the announcement of the financial results
Financial Performance
Revenue Growth by Segment
Consolidated total income from operations grew 12.93% YoY to INR 2,963.15 Lakhs for H1 FY26 compared to INR 2,623.79 Lakhs in H1 FY25. For Q2 FY26, revenue was INR 1,542.69 Lakhs, representing a 13.86% increase over Q2 FY25 (INR 1,354.93 Lakhs), driven by the production and telecast of television programs and digital content.
Geographic Revenue Split
The majority of revenue is generated in India. The company's only foreign subsidiary, Radaan Media Ventures Pte. Ltd., Singapore, reported no business or operational activities during the period, with its carrying value remaining stagnant at INR 9.35 Lakhs.
Profitability Margins
Net Profit for Q2 FY26 stood at INR 338.46 Lakhs, yielding a net margin of 21.94% compared to 23.18% in Q2 FY25. H1 FY26 net profit reached INR 817.70 Lakhs, a 50.74% increase from INR 542.46 Lakhs in H1 FY25, reflecting improved operational efficiency in content production.
EBITDA Margin
For FY 2024-25, the company achieved a standalone EBITDA of INR 221.39 Lakhs, a significant recovery from an operating loss (EBITDA) of INR 265.63 Lakhs in the previous year. This turnaround is attributed to better cost management and higher deliverable standards in content exploitation.
Capital Expenditure
The standalone net block of fixed assets increased by 4.09% to INR 1,919.58 Lakhs from INR 1,844.22 Lakhs. Property, Plant & Equipment (after depreciation) stood at INR 45.41 Lakhs, down 9.79% from INR 50.34 Lakhs, indicating a focus on utilizing existing post-production infrastructure rather than aggressive new hardware acquisition.
Credit Rating & Borrowing
Not disclosed in available documents. However, the company maintains a stable share capital of INR 505.02 Lakhs and a securities premium of INR 753.66 Lakhs.
Operational Drivers
Raw Materials
The primary 'raw materials' are outsourced talent and technicians (estimated at 60-70% of production costs), content acquisition, and digital storage media. Costs are project-based, allowing for flexible scaling based on production volume.
Import Sources
Talent and technical services are primarily sourced from Tamil Nadu and other South Indian states. Hardware like SGI and IBM workstations and software for non-linear editing (Matrix, Discreet Logic) are sourced from global technology providers.
Key Suppliers
Specific vendor names for talent are not listed, but hardware is sourced from IBM, SGI, Matrix, and Discreet Logic for post-production suites.
Capacity Expansion
Current infrastructure includes 7 edit suites (including one film competent edit) and 5 voice studios (including one for final mastering). The company utilizes a broadband network to connect workstations, allowing for high-volume content processing without immediate physical expansion needs.
Raw Material Costs
Production costs are managed by outsourcing talent based on specific project needs. This strategy mitigates fixed cost risks, though high demand for popular artists can increase professional fees, as seen in the INR 1.395 Cr paid for creative direction/acting services.
Manufacturing Efficiency
Efficiency is driven by the integration of RR & FX voice studios and final mastering suites, which allows for end-to-end production within the company's own facilities, reducing turnaround time for television deliverables.
Logistics & Distribution
Distribution is primarily digital via broadband networks to broadcasting channels and OTT platforms, minimizing physical logistics costs.
Strategic Growth
Expected Growth Rate
12.93%
Growth Strategy
Growth is targeted through the expansion into digital and OTT platforms to counter the 'funded basis' production model which slashes IP rights. By producing content for OTT, the company aims to retain more exploitation rights across multiple platforms and geographies.
Products & Services
Television serials, non-fiction shows, digital web series, and event management services.
Brand Portfolio
Radaan.
New Products/Services
Focus on digital-first content and OTT-specific programming is expected to contribute to future revenue, though specific percentage contributions for new launches are not quantified.
Market Expansion
The company is targeting the growing OTT market in India, leveraging its experience in traditional broadcasting to pivot toward digital-native audiences.
Market Share & Ranking
Not disclosed, but the company is a recognized veteran in the South Indian television production industry.
Strategic Alliances
The company maintains long-standing relationships with major broadcasting channels for program telecasts, which act as its primary distribution partners.
External Factors
Industry Trends
The industry is shifting from traditional linear TV to on-demand OTT platforms. Radaan is positioning itself by upgrading technology and focusing on digital content to capture this growing segment.
Competitive Landscape
Competes with other regional and national media production houses for prime-time slots on major networks.
Competitive Moat
The moat is built on the 'Radaan' brand and the creative reputation of its leadership (Radikaa Sarathkumar). This is sustainable due to the high entry barriers in creating long-running, popular television content and established channel relationships.
Macro Economic Sensitivity
Sensitive to Indian GDP growth (6.5% in 2024) which influences advertising spend by corporates on television and digital media.
Consumer Behavior
Shift toward 'anytime, anywhere' viewing on mobile devices is forcing a transition from 30-minute daily soaps to binge-worthy digital series.
Geopolitical Risks
Low, as the business is primarily domestic, though global trends in content consumption (OTT) directly influence the company's strategic direction.
Regulatory & Governance
Industry Regulations
Subject to Ministry of Information and Broadcasting regulations and content censorship guidelines for television telecasts.
Environmental Compliance
Minimal impact as a service-oriented media company; ESG focus is primarily on corporate governance and social responsibility.
Taxation Policy Impact
The company complies with Indian Income Tax standards; current tax impact for H1 FY26 was not fully detailed but results are reported after-tax.
Legal Contingencies
The company reported no shares in Demat Suspense or Unclaimed Suspense accounts. Statutory auditors (SRSV & Associates) were paid INR 5 Lakhs for audit services, ensuring compliance with Section 143 of the Companies Act 2013.
Risk Analysis
Key Uncertainties
The 'funded basis' of production is a key risk as it denies the company IP rights, limiting long-term monetization of content (potential impact: 100% loss of secondary exploitation revenue for such projects).
Geographic Concentration Risk
High concentration in the South Indian market, particularly Tamil Nadu.
Third Party Dependencies
High dependency on broadcasting channels for telecast slots and on key creative talent for content popularity.
Technology Obsolescence Risk
Risk of editing hardware (SGI/IBM) becoming obsolete if not regularly updated to handle 4K/8K or new digital formats.
Credit & Counterparty Risk
Receivables are primarily from large broadcasting houses, which generally represent low credit risk but can have long payment cycles affecting working capital.