Infomedia Press Limited is an Indian listed entity and a subsidiary of the **Network18 Group**. Historically a major player in the media and publishing industry, the company has undergone a total cessation of its legacy business operations. It currently functions as a holding entity, focused on asset preservation and regulatory compliance while evaluating future commercial pivots under the financial umbrella of its parent company, **Network18 Media & Investments Limited**. --- ### **Corporate Structure and Asset Management Framework** The company’s current operational scope is restricted to the management of its residual infrastructure and the fulfillment of statutory obligations as a listed company. * **Core Asset Profile**: The company manages a portfolio of **Property, Plant, and Equipment (PPE)**. Management executes **phased periodical physical verification** of these immovable properties and fixed assets to ensure operational integrity and value preservation. * **Intangible Assets**: Following the discontinuation of its publishing activities, the company reports **zero intangible assets**. * **Operational Hub**: Corporate secretarial, financial, and administrative functions are centralized at the **Empire Complex in Mumbai**. * **Governance Oversight**: The company maintains a robust internal framework consisting of three primary functional committees: * **Audit Committee** * **Nomination and Remuneration Committee** * **Stakeholders' Relationship Committee** --- ### **Financial Position and "Going Concern" Status** Infomedia Press Limited is characterized by a severely eroded capital base and a lack of active revenue streams. Its continued existence is predicated entirely on intra-group financial support. * **Revenue and Profitability**: The company reports **nil operating revenue**. It continues to incur administrative and compliance-related costs, leading to persistent net losses. * **Negative Net Worth**: Significant accumulated losses have exceeded the company’s share capital, resulting in a **negative net worth**. * **Parental Support**: The company’s "going concern" status is maintained via a **support letter** from **Network18 Media & Investments Limited**, which pledges the necessary financial assistance to meet liabilities for the foreseeable future. * **Dividend Policy**: No dividends have been recommended or paid in recent years due to the absence of profits and reserves. **Comparative Financial Performance** | Period | Net Loss | Accumulated Losses | | :--- | :--- | :--- | | **9M Ended Dec 31, 2025** | **₹ 2.19 crore** | **₹ 112.06 crore** | | **FY 2025-26 (Full Year)** | **₹ 3.00 crore** | **₹ 112.87 crore** | | **FY 2024-25 (Full Year)** | **₹ 3.73 crore** | **₹ 109.87 crore** | | **FY 2023-24 (Full Year)** | **₹ 3.87 crore** | **₹ 106.14 crore** | | **FY 2022-23 (Full Year)** | **₹ 3.45 crore** | — | --- ### **Strategic Mandate and Leadership Continuity** The current corporate strategy focuses on **governance stability** and **regulatory alignment** to protect the interests of minority shareholders while the board explores new business avenues. * **Board Stability**: The company utilizes a **non-rotational** appointment structure for independent directors to ensure consistent oversight of long-term plans. * **Key Leadership Mandate**: * **Mr. Vivek Jain (Independent Director)**: Re-appointed for a **3-year second term** (Sept 24, 2025 – Sept 23, 2028) to provide independent judgment and institutional memory. * **Future Outlook**: Management is actively **evaluating various options**, including the potential commencement of a **new line of business**. However, no specific sector or timeline has been finalized as of the latest reporting period. --- ### **Capital Structure and Shareholding Liquidity** The company’s equity is listed on both the **BSE** and the **NSE**. The shareholding is highly digitized, ensuring high liquidity for market participants. **Shareholding Distribution (as of March 31, 2025)** | Mode of Holding | Number of Shares | % of Share Capital | | :--- | :--- | :--- | | **Electronic (NSDL & CDSL)** | **4,98,13,833** | **99.24%** | | **Physical** | **3,80,339** | **0.76%** | | **Total** | **5,01,94,172** | **100.00%** | --- ### **Legal, Tax, and Statutory Contingencies** Infomedia Press Limited is managing several legacy litigations related to tax demands and statutory contributions from its period of active operation. * **Sales Tax and Work Contract Tax**: * A cumulative demand originally totaling **₹ 8.28 crore** (FY 2000-01 to 2004-05) has been contested. * Following a favorable order in **October 2025**, the demand was reduced by **₹ 2.99 crore**. * The current outstanding demand stands at **₹ 3.67 crore**, which remains under contest. * **Income Tax Disputes**: * **AY 2010-11**: Demand of **₹ 8.15 crore**; the company has paid **₹ 6.98 crore under protest**. * **AY 2006-07**: Demand of **₹ 1.61 crore** paid **under protest**. * **AY 2008-09**: Pending demand of **₹ 55.49 lakh**. * **AY 2013-14**: Penalty of **₹ 19.66 lakh** regarding TDS credit claims for demerged units. * **ESIC Dispute**: In **January 2024**, the **Employees' State Insurance Corporation (ESIC)** issued a restraint order on the company’s bank accounts for an alleged debt of **₹ 13.78 lakh**. The company is currently pursuing a legal resolution to this dispute. --- ### **Risk Mitigation and Compliance Standards** Despite the lack of active operations, the company maintains rigorous internal controls to safeguard its remaining assets and ensure transparency. * **Regulatory Adherence**: The company complies with **SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015** and **Secretarial Standard on General Meetings (SS-2)**. * **Internal Controls**: Financial controls are monitored through management reviews and testing by **Internal Auditors**, with direct oversight by the **Audit Committee**. * **Risk Management Policy**: The Board of Directors maintains a formal policy to identify and mitigate material risks, specifically focusing on the **Material Uncertainty Related to Going Concern**.