Nelwork

Nelwork

August 27, 2018

National Stock Exchange of India Limited Listing Department Exchange Plaza Plot No.C/1, G-Block Bandra Kurla Complex, Bandra (East) Mumbai - 400051

BSE Limited Department of Corporate Service - Listing Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001

Trading Symbol: "NETWORK18"

ScriptCode:532798

Sub: Submission of Annual Report for the Financial Year 2017-18

Dear Sir/Madam,

Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Annual Report of the Company for the Financial Year 2017-18, adopted in the Annual General Meeting held on August 24, 2018.

You are requested to take the same on record.

Thanking you,

Yours faithfully, for Network18 Media & Investments Limited

Ratnesh Rukha . ar Group Company Secretary

Encl : As above

Network18 Media & Investments Limited

(CIN - L6591OMH1996PLC280969j Regd. office: First Floor, Empire Complex, 414- Senapati Bapat Marg, Lower Porel, Mumbai-400013 T +912240019000,66667777 W E:investors.n18@

Fuelled for the Future

Annual Report 2017-18

Contents

FINANCIAL STATEMENTS

STATUTORY REPORTS

Standalone Independent Auditor's Report 118

CORPORATE OVERVIEW

A Message from the Chairman 02

Diverse Brand Portfolio

04

The Future is Ours to Shape 06

Anchoring a

Bold Commitment

08

A Confluence of Perspectives 12

Management Discussion &

Analysis

30

Board's Report

63

Business Responsibility Report 90

Corporate Governance Report 98

Balance Sheet

124

Statement of Profit and Loss 125

Statement of Changes

in Equity

126

Cash Flow Statement

127

Notes on Financial Statements 128

Consolidated Independent Auditor's Report 165

Evocative Subjects,

Immersive Experiences

14

Beyond the Small Screen

21

Consolidated Balance Sheet 170

Consolidated Statement of

Profit and Loss

171

Innovating to Redefine Digital Experience 22

Statement of Changes in

Equity

172

Board of Directors

26

Corporate Information

28

Consolidated Cash Flow

Statement

174

Notes to the Consolidated

Financial Statements

175

www

To view the online version of this report or for other information log on to:

Notice

Notice, Attendance Slip &

Proxy Form

221

Breaking News. Spectacular Events. Path-breaking Stories. Genre-defining Shows. The pulse of the country.

INFORMATION. ENTERTAINMENT. IMPACT.

Network18 has grown to be one of the leaders in the highly competitive media and entertainment landscape in India, in a relatively short span of time and with no legacy brands backing it. Its diversified offerings span television broadcasting (across news and entertainment), digital (both content and commerce), print, and allied businesses. Our content engages millions on a daily basis, cutting across genres, geographies and mediums. We touch hearts through our entertaining and emotive shows with the same aplomb as we open minds by our insightful and impactful news.

We are consistently expanding the vistas for the Indian viewer, and pride ourselves in a balanced approach towards both content and intent, a panIndia presence, and the broadest slate of impact-creating properties in the industry. Our success is the by-product of an unflinching pursuit to shape the future of media and entertainment.

We are always,

Fuelled for the Future

Network18 Media & Investments Limited

A MESSAGE FROM THE CHAIRMAN

Dear Shareholders,

"In FY 2017-18, Network18 continued to invest in media ? both TV and emerging media and repositioned itself for the continually changing market"

THE YEAR IN RETROSPECT FY 2017-18 was in many ways a year of continued investment in growth areas, while we consolidated certain businesses. I am very proud to state that Network18 TV channels now touch the lives of 70 crore Indians, representing 90% of the television universe. Our broadcast subsidiary TV18 made a strategic investment to acquire 1% additional stake in the Viacom18 entertainment JV, taking its overall stake to 51%, and gaining operational control. The move epitomises our belief that in the rapidly evolving media and entertainment landscape, TV18 and affiliates will be instrumental in driving synergies and increasing agility across the multi-platform group.

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A Message from the Chairman

Corporate Overview Statutory Reports Financial Statements Annual Report 2017-18

In another strategic move, we consolidated the operations of another leading home-shopping player ShopCJ under the HomeShop18 umbrella, creating India's largest home-shopping entity. The merger brings benefits of scale and synergy, necessary to withstand competition. Following this, Homeshop18 ceases to be a subsidiary of your Company; nevertheless, Network18 will continue to be the largest shareholder.

Two launches were made around the end of the financial year ? Colors Tamil in February 2018 and the digital destination of CNBC-TV18 in April 2018. With fresh subjects and cinematic quality content, Colors Tamil has already begun to make its presence felt in a highly competitive market, garnering 5% viewership share. The CNBC-TV18. com/CNBC-TV18 app are digital companions to our leading channel CNBC-TV18, and will be our premium digital platform offering business news and information.

March 2018 witnessed an important transition for your Company when all the general news channels were clubbed together under one mega brand ? News18. Unveiled at the highly prestigious Rising India Summit, in the presence of Honourable Prime Minister of India and other dignitaries, the unification marked News18's journey to become one of the largest news network brands in the world.

During the year, we had created a platform for state-level dialogues between political leaders and common people under the `Rising Series', and the Rising India Summit was the grand culmination of that series.

THE FUTURE BECKONS As we move ahead, we are geared up for the next phase of growth, which we believe will come from two key areas: increasing consumption of content on digital platforms and surge in regional viewership.

As per a FICCI-EY report, the online video consuming audience has grown by a massive 64% to 250 million users in 2017, and is estimated to double to 500 million users by 2020, driven by rapid smartphone penetration, growing Internet speeds and low data charges. Even news consumption on mobile is surging. As

per ComScore, 177 million people consumed news digitally in April 2017. Being leaders in the digital space with best-in-class properties, which we continue to improve, we are favourably positioned to make the most of this opportunity. It is pertinent to mention here that one in every five Internet users in India use Network18's digital properties. Moneycontrol is by far the largest finance platform; commands 40% more engagement than competitors; on Firstpost, users spend 64% more time than competitors on every mobile visit; and VOOT has 35 million active users with average stickiness of 40+ minutes. These numbers exemplify our digital might and we remain focussed on creating more digital-first content and promoting fresh ideas to woe diverse consumer preferences.

The industry is witnessing the trend of rising consumer preference for regional content. Towards this, we have made significant inroads. We have the largest regional news network, comprising 14 channels in 15 languages and covering 26 states. In our entertainment portfolio as well, we are filling important white spaces and already have 7 regional entertainment channels across six geographies, with a mix of localised and dubbed content.

We will continue to invest to get to an overall leadership position in media.

MESSAGE TO STAKEHOLDERS Our proactive investments and initiatives and industry tailwinds in advertising make for an exciting FY 2018-19 and beyond. We will remain focussed towards rolling out richer and more engaging content along with accelerating pace of innovation to grow value for all stakeholders.

I extend my heartfelt gratitude to every employee of Network18, who with their passion and commitment have taken this organisation to greater heights. I also take this opportunity to thank all the directors and other stakeholders for their unrelenting trust in Network18.

Warm regards,

Adil Zainulbhai Chairman

3 232

One in every five Internet users in India uses Network18's digital properties

Network18 Media & Investments Limited

DIVERSE BRAND PORTFOLIO

Business interests spread across

television, digital content and

commerce, movie production, print magazines, and allied

businesses

Partnerships with global media and

entertainment leaders CNBC, CNN,

Viacom Inc, A+E Networks, and Forbes

Touching the lives of 70 crore people

in India through television and

millions more by our digital properties

Unparalleled panIndia news coverage by 1,200 journalists,

presented through top-notch anchors across 20 domestic channels in 26 states

and 15 different languages

Wide range of 33 entertainment

channels across all genres (except Sports) spanning Hindi, English and 6 regional languages

TELEVISION

Business News

General News

News

Regional News

4 232

Diverse Brand Portfolio

Hindi General Entertainment

Corporate Overview Statutory Reports Financial Statements Annual Report 2017-18

Regional Entertainment

Entertainment

English Entertainment

Infotainment

Youth and Music

Hindi Films

Kids Entertainment

PUBLICATIONS

FILM PRODUCTION AND DISTRIBUTION

CONTENT ASSET MONETISATION

DIGITAL

Digital Content

Business & Finance News & Opinions Entertainment & VOD

ALLIED BUSINESSES

Digital Commerce

COLOSCEUM

M E D I A P R I VAT E LT D

5 232

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