SUN TV NETWORK LIMITED — Interim / Quarterly Report 2021

Feb 8, 2021

Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai - 600 028, India. Tel : +91-44-4467 6767, Fax: +91-44-4067 6161 Email: tvinfo@sunnetwork.in Website: www.suntv.in GIN.: L22110TN985PLC012491

8th February, 2021

BSE Limited Floor No. 25, P J Towers, Dalal Street, Mumbai-400 001

National Stock Exchange of India Limited Exchange Plaza Bandra - Reclamation BandraKurla Complex, Bandra (E) Mumbai- 400 051

Scrip Code: 532733, Scrip Id : SUNTV

Symbol: SUNTV, Series: EQ

Subject: Provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

*****

With reference to the above, we hereby submit / inform that:

• 1. The Board of Directors at its meeting held on 8th February, 2021, (commenced at 2.30 p.m. and concluded at 4.15 p.m.) has approved and taken on record the Unaudited Financial Results of the Company for the quarter ended 31st December, 2020.
• 1. Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 31st December, 2020 prepared in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with Limited Review Report by the Statutory Auditors are enclosed herewith. The results are upl oaded on the Company's website at www .suntv.in and on the websites of Stock Exchanges at www.bseindia .com and www .nseindia. com.
• 1. Earnings Release of our Company for the quarter ended 31st December, 2020 is enclosed herewith.
• 1. An Interim Dividend of Rs. 5 /- per equity share of Rs. 5 /- each (i.e.100%) for the financial year 2020-21 has been declared.
• 1. Copy of extract of financial results required to be published in Newspaper as per Listing Regulations .

Kindly acknow ledge receipt.

Thanking you,

For Sun TV Network Limited

R. Ravi Company Secretary & Complianc e Officer

Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai - 600 028, India. Tel: +91-44-4467 6767, Fax: +91-44-4067 6161 Email: tvinfo@sunnetwork.in Website: www.suntv.in CIN.: L22110TN985PLC012491

	Regd office : Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai - 600 028	Sun TV Network LimitedCIN: L22110TN1985PLC012491 Email: tvinfo@sunnetwork.in; www.suntv.in					谷SUN TVNETWORK
			TATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020Quarter Ended				(Rupees in crores except EPS and unless otherwise statedYear Ended
S.No	Particulars	December 31.2020	September 30,2020	2019Unaudited	2020Unaudited	December 31, December 31, December 31,2019Unaudited	March 31,2020Audited
		Unaudited	Unaudited
1	Revenue from Operations	972.34	756.16	814.97	2.334.60	2.669.26	3,404.4
2	Other Income	62.10	51.51	63.59	220.85	191.93	248.9
3	Total Income $(1+2)$	1,034.44	807.67	878.56	2,555.45	2,861.19	3,653.3
4	Expenses
	(a) Operating expenses	122.39	100.23	110.60	289.67	407.04	499.2
	(b) IPL Franchise Fees	41.39	9.68	C.	51.07	46.31	46.3
	(c) Employee benefits expense	67.25	72.38	70.95	212.72	219.28	292.3
	(d) Depreciation and Amortisation expense	68.70	91.28	143.63	305.44	446.50	679.3.
	(e) Finance Costs	1.46	1.56	1.86	4.79	5.92	7.7
	(f) Other Expenses	140.63	71.80	53.06	260.53	264.11	330.4
	Total Expenses	441.82	346.93	380.10	1,124.22	1,389.16	1,855.4
5	Profit Before Tax (3 - 4)	592.62	460.74	498.46	1,431.23	1,472.03	1,797.8

Reserves excluding revaluation reserves (i.e. Other Equity) Earnings per share (Face value of Rs.5.00 /- each) - Basic and Diluted - in Rs. $12$

Items not to be reclassified to profit or loss in subsequent periods: Remeasurement gains and (losses) on defined benefit obligations (net of taxes)

Not Annualised

120.95

125.01

373.45

$(0.19)$

373.26

197.04

9.48

4.06

356.52

360.70

1,070.53

4.18

$(0.45)$

1,070.08

197.04

27.16

348.51

1.69

350.20

1,121.83

$(0.58)$

1.121.25

197.04

28.47

446.51

$(20.46)$

426.05

1,371.83

$(0.54)$

1,371.29

197.04

34.81

5,427.05

The above unaudited standalone financial results for the quarter and nine months ended December 31, 2020 have been reviewed by the Audit Committee and approved by the Board in $\mathbf{I}$ their meeting held on February 8, 2021. The above results have been reviewed by the statutory auditors. Deloitte Haskins & Sells LLP who have expressed an unmodified opinion on the same

147.19

3.61

150.80

441.82

$(0.15)$

441.67

197.04

$11.21$

116.95

114.83

345.91

$(0.15)$

345.76

197.04

8.77

$(2.12)$

$\overline{2}$ Based on internal reporting provided to the Chief Operating Decision Maker, "Media and Entertainment" is the only reportable segment for the Company.

$\overline{\mathbf{3}}$ The Board of Directors have declared an interim dividend of Rs.5.00/- per share (100%) at their meeting held on February 8, 2021.

The results for the nine months ended December 31, 2020 includes income from the Company's IPL franchise "SunRisers Hyderabad" for season 2020 of Rs.254.48 crores (Nine $\overline{4}$ months ended December 31, 2019 for season 2019 (Partial) of Rs. 244.44 crores) and corresponding costs of Rs. 161.54 crores (Nine months ended December 31, 2019 for season 2019 (partial) of Rs. 138.46 crores).

The outbreak of COVID -19 pandemic and consequent lock down has impacted the regular business operations of the Company. The results for the quarter and nine months ended $\overline{\mathbf{s}}$ December 31, 2020 are therefore not comparable with those for the earlier periods presented. The Company has assessed the impact of the pandemic on its financial results / position based on the internal and external information, to the extent known and available up to the date of approval of these financial results and based on the current estimates, the Company expects no further adjustments to the carrying amounts as at December 31, 2020 of the investments, intangible assets, receivables and other financial assets. This assessment and the outcome of the pandemic as regards the aforesaid matters is highly dependent on the circumstances / developments, as they evolve in the subsequent periods.

Place: Chennai Date: February 8, 2021

$\overline{6}$

$\overline{7}$

$\overline{\mathbf{R}}$

$\boldsymbol{9}$

$10$

$\mathbf{H}$

Tax Expenses

(a) Current tax (b) Deferred tax

Profit after tax (5 - 6)

Other Comprehensive Income for the period

Total Comprehensive income for the period $(7 + 8)$

Paid-up equity share capital (Face value of Rs.5.00 /- each)

Total

For and on behalf of the Board of Directors

anichumnal R R. Mahesh Kumar

Managing Director

Deloitte Haskins & Sells LLP Chartered Accountants

ASV N Ramana Tower 52, Venkatnarayana Road T. Nagar, Chennai. 600 017 India

Tel: +91 (044) 6688 5000 Fax: +91 (044) 6688 SOSO

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RES UL TS

TO THE BOARD OF DIRECTORS OF SUN TV NETWORK LIMITED

• 1. We have reviewed the accompanying Statement of Standa lone Unaud ited Financ ial Results of Sun TV Network Limited ("the Company") for the quarter and nine months ended December 31, 2020 ("the Statement") , being submitted by the Company pursuan t to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recogn itio n and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financia l Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our rev iew.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (!CAI). A rev iew of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financia l and accounting matters , and applying analytical and other review procedures. A review is substantially less in scope than an aud it conducted in accordance with Standards on Aud iting specified under section 143(10) of the Companies Act, 2013 and consequently does not enab le us to obta in assurance that we would become aware of all significant matters that might be identified in an aud it . Accordingly, we do not express an audit opinion .
• 1. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attent ion that causes us to believe that the accompanying Statement, prepared in accorda nce with the recognition and measurement principles laid down in the aforesa id Indian Accounting St andard and other accounting princip les generally accepted in India , has not disclosed th e informat ion required to be disclosed in terms of Regulat ion 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in wh ich it is to be disclosed , or that it contains any material misstatement.

For Deloitte Haskins & Sells LLP Charte red Accountants (Firm's Registration No.17366W / W-100018)

~~/

Ananthi Amarnath (Partner) (Membersh ip No. 209252) (UDIN: 21209252A AAABC4690 )

Place: Chennai Date: 8 February 2021

Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai - 600 028, India. Tel: +91-44-4467 6767, Fax: +91-44-4067 6161 Email: tvinfo@sunnetwork.in Website: www.suntv.in CIN.: L22110TN985PLC012491

	STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020
			Quarter Ended		(Rupees in crores except EPS and unless otherwise stated)Nine months ended		Year Ended
S.No	Particulars	December 31,2020	September 30,2020	December 31,2019	December 31,2020	December 31,2019	March 31,2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
$\mathbf{1}$	Revenue from Operations	994.14	768.69	847.81	2,374.34	2,761.72	3.519.85
$\overline{2}$	Other Income	65.25	54.38	66.36	229.85	200.22	260.65
3	Total Income (1+2)	1,059.39	823.07	914.17	2,604.19	2,961.94	3,780.50
$\frac{1}{2}$	Expenses
	(a) Operating expenses	127.01	104.06	117.02	301.92	428.79	526.71
	(b) IPL Franchise Fees	41.39	9.68	$\ddot{\phantom{a}}$	51.07	46.31	46.31
	(c) Employee benefits expense	74.54	78.37	79.40	232.94	242.66	323.22
	(d) Depreciation and Amortisation expense	74.15	96.78	148.71	321.85	462.43	700.20
	(e) Finance Costs	2.69	2.78	3.10	8.46	9.64	12.75
	(f) Other Expenses	143.13	74.45	56.12	267.73	273.99	347.69
	Total Expenses	462.91	366.12	404.35	1,183.97	1,463.82	1,956.88
5	Profit Before Share of profit from Joint Venture and Tax (3 - 4)	596.48	456.95	509.82	1,420.22	1,498.12	1,823.62
6	Share of Profit / (loss) from Joint Venture	(0.46)	(7.41)	0.96	(22.27)	0.03	(4.17)
$\overline{7}$	Profit Before Tax $(5 + 6)$	596.02	449.54	510.78	1,397.95	1,498.15	1,819.45
8	Tax Expenses						454.32
	(a) Current tax	147.14	116.90	122.68	356.37	356.22
	(b) Deferred tax	3.47	(2.38)114.52	3.41126.09	3.93360.30	1.63357.85	(20.36)433.96
	Total	150.61
9	Profit after tax (7 - 8)	445.41	335.02	384.69	1,037.65	1,140.30	1,385.49
	Profit for the period attributable toOwners of the Company	445.54	335.09	384.50	1.037.84	1.139.96	1,385.16
	-Non Controlling interest	(0.13)	(0.07)	0.19	(0.19)	0.34	0,33
10	Other Comprehensive Income
	Items not to be reclassified to profit or loss in subsequent periods:
	Remeasurement gains and (losses) on defined benefit obligations (net of taxes)	(0.01)	(0.01)	(0.32)	(0.03)	(0.91)	0.04
	Share of other comprehensive income of equity accounted investees	0.03	0.03	(0.03)	0.09	(0.11)	0.14
	Other Comprehensive Income for the period attributable to:
	Owners of the CompanyNon- Controlling Interest	0.02(0.00)	0.02(0.00)	(0.34)(0.01)	0.06(0.00)	(1.00)(0.02)	0.180.00
11	Total Comprehensive income for the period $(9 + 10)$	445.43	335.04	384.34	1,037.71	1,139.28	1,385.67
	Total Comprehensive Income for the period attributable to:
	Owners of the Company	445.56	335.11	384.15	1,037.90	1,138.94	1,385.34
	Non-Controlling Interest	(0.13)	(0.07)	0.19	(0.19)	0.34	0.33
12	Paid-up equity share capital (Face value of Rs.5.00 /- each)	197.04	197.04	197.04	197.04	197.04	197.04
13	Reserves excluding revaluation reserves (i.e. Other Equity)						5,527.07
14	Earnings per share (Face value of Rs 5.00 /- each) - Basic and Diluted - in Rs.	11.30	8.50	9.76Not Annualised	26.33	28.94	35.16

The Board of Directors have declared an interim dividend of Rs.5.00/- per share (100%) at their meeting held on February 8, 2021. $\overline{\mathbf{3}}$

The results for the nine months ended December 31, 2020 includes income from the Company's IPL franchise "SunRisers Hyderabad" for season 2020 of Rs.254.48 crores (Nine months ended $\frac{1}{2}$ December 31, 2019 for season 2019 (Partial) of Rs. 244.44 crores) and corresponding costs of Rs. 161.54 crores (Nine months ended December 31, 2019 for season 2019 (partial) of Rs. 138.46 crores).

The outbreak of COVID-19 pandemic and consequent lock down has impacted the regular business operations of the Group. The results for the quarter and nine months ended December 31, 2020 are 5 the outbreak of COVID-12 panueline for the earlier periods presented. The Group has assessed the impact of the pandemic on its financial results / position based on the internal and externaltheoremony information, to the as at December 31, 2020 of the investments, intangible assets, receivables and other financial assets. This assessment and the outcome of the pandemic as regards the aforesaid matters is highly dependent on the circumstances / developments, as they evolve in the subsequent periods.

Place: Chennai Date: February 8, 2021

ſ

For and on behalf of the Board of Directors anc Innunce R

R. Mahesh Kumar Managing Director

Deloitte Haskins & Sells LLP Chartered Accountants

ASV N Ramana Tower 52, Venkatnarayana Road T. Nagar, Chenna i - 600 01? Ind ia

Tel: +91 (044) 6688 5000 Fax: +91 (044) 6688 SOSO

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SUN TV NETWORK LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of SUN TV NETWORK LIMITED ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its joint venture for the quarter and nine months ended December 31, 2020) ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

. '

• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibi lity is to express a conclusion on the Statement based on our review.
• 3 . We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inq uiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 4 . The Statement includes the results of the follow ing entities :
  • a. Parent Sun TV Network Limited
  • b. Subsidiary Kai Radio Limited
  • c. Joint Venture South Asia FM Limited along with their joint ventures and associate companies .
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Deloitte Haskins & Sells LLP

1. We did not review the financial results of a subsidiary included in the consolidated unaudited financial resu lts, whose interim financial results reflect total revenues of Rs 21.80 cro res and Rs 39 . 74 crores for the quarter and nine months ended December 31, 2020 respectively , total net profit after tax of Rs 4 .05 crores and total net loss after tax of Rs 10.61 Crores for the quarter and nine months ended December 31, 2020 respectively and total comprehensive income of Rs 4 .19 cro res and loss of Rs 10.18 crores for the quarter and nine months ended December 31, 2020 respective ly as considered in the Statement. The conso lidated unaudited financial results also includes the Group's share of (loss) after tax of Rs (0.46 crores) and Rs (22.27 crores) for the quarter and nine months ended December 31, 2020 respectively and Total comprehensive (loss) of Rs (0.42 crores) and Rs (22 .16 crores) for the quarter and nine months ended December 31, 2020 respectively, as considered in the Statement, in respect of one joint venture, whose financial results have not been reviewed by us. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsid iary and joint venture, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above .

Our conclusion on the Statement is not modifie d in respect of these matters .

For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

*~cJt. ~*

Ananthi Amarnath Partner (Membe rship No. 209252) ( U DIN: 2 l 209252AAAABD3933)

Place: Chennai

Date: 8 February 2021

SV:N 'To/ :Networ{ £ imitecf

Earnings Release for the quarter ended 3J51 December' 2020 Revenues up -19 %/or the quarter ended 3J5**1December' 2020. PA T up -18 %/or the quarter ended 3J51December' 2020. Subscription Revenues up -3 %/or the quarter ended 3J51**December' 2020. Interim Dividend of 100 % declared.

Highlights for the quarter ended 3J5' December'20:

• •!• Revenues up -19 % at Rs. 972.34 crs;
• •!• Subscription Revenues up -3 % at Rs.424.05 crs;
• •!• Profit after Taxes up -18 % at Rs.441.82 crs;

Chennai, India, February 8, 2021: Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across five languages of Tamil, Telugu,Kannada,Malayalam and Bangla, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League and the Digital OTT Platform Sun NXT.

FOR THE QUARTER ENDED 31ST DECEMBER'2020, the Revenues was up -19 % at Rs.972.34 crores as against Rs.814.97 crores for the corresponding quarter ended 31st December'2019 .

The Subscription Revenues for the quarter was up by -3 % at Rs.424.05 crores as against Rs.411.85 crores for the corresponding quarter ended 31st December'2019. The EBITDA grew by --4 1 % at Rs.600.68 crs for the current quarter as against Rs.580.36 crs during the previous quarter ended 3151 December 2019 and the Profit Before Taxes for the quarter ended 31st December'2020 grew -19 % to Rs.592.62 crores as against Rs.498.46 crores for the corresponding quarter ended 3 1st December' 2019.

Page 1 of 2

SVN <T'Tl Network, £ imitetf

The Profit after taxes for the current quart er grew by - 18 % to Rs.441.82 crores as against Rs.3 73 .45 crores for the corresponding quarter ended 3181 December'2019. After accounting for the other comprehensive income (net of taxes) , the Total Comprehensive Income for the quarter ended 3151December'2020 was up - 18 % at Rs.441.67 crores as against Rs. 373.26 crores for the corresponding quarter ended 31 si Dccember '2019.

The Earnings Per Share for the current quarter grew by - 18 % at Rs.11.21 as against Rs.9.48 for the corresponding quarter ended 3151Decemb er'2019.

INTERIM DIVIDEND: At the Board Meeting held today, the Board of Directors have declared an Interim Dividend of Rs. 5.00 per share (100 %) on a face value of Rs.5.00 per share.

* * *

SUN Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai - 600 028, India. Tel: +91-44-4467 6767, Fax: +91-44-4067 6161 Email: tvinfo@sunnetwork.in GROUP Website: www.suntv.in CIN.: L22110TN985PLC012491

Sun TV Network Limited ~ Regd office: Murasoli Mardn Towers, 73, MRC Nagar Main Road, MRC Nagar, Cbennai - 600 028 CIN : L22110TN1985PLCOl2491 Email: tvinfo@sunnetwork.in; www.sunt,•.in

Extract or consolidated financial results for the quarter and nine monl'hs ended December 31, 2020

(Rupees in crores except EPS and unless otherwise stated)
		Quarter ended			Nine months ended		Year ended
Sno	Particulars	December31 2020	September30 2020	December31 2019	December31 2020	December31 2019	M,nch 31,2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
l	Income from Operations ( net }	994.14	768.69	847.81	2.374.34	2,761.72	3.519.85
2	Net Profit before tax	596.02	449.54	510.78	1,397.95	1.498.15	1,819.45
3	Net Profit after tax	445.4 l	335.02	384.69	1,037.65	1.140.30	1.385.49
4	Total Comprehensive income	445.43	335.04	384.34	1.037.71	1.139.28	1,385.67
5	Equity share capital (Face value of Rs.5.00 /. each)	197.,04	197.04	197.04	197.04	197.04	197.04
6	Reserves excluding revaluation reserves ( i.e. OtherEquity)						5,527.07
7	Earnings Per Share ( Face value of Rs.5.00 /- each )Basic and Diluted - in Rs.	I 1.30	8.50	9.76	26.33	28.94	35.16
		Not annualised

Notes:

I Additiona l information on stand alone financial results for the qu arter and nine months ended December 31, 2020

Sno			Quarter ended			Nine. months ended
	Particulars	December31, 2020	September30, 2020	December31, 2019	December31, 2020Unaudited	December31, 2019Unaudited	March 31,2020Audited
		Unaudited	Unaudited	Unaudited
I	Income from Operation (net )	972.34	756.16	814.97	2.334.60	2,669.26	3,404.42
2	Net Profit before tax	592.62	460.74	498.46	1.431.23	1,472.03	1,797.88
3	Net Profit after tax	441. 82	345.91	373.45	1,070.53	1.121.83	1,37 1.83
4	Total Comnrehensive income	441.67	345.76	373.26	1,070.08	1,121.25	1,37 1.29

2 The above is an extract of the detailed format of quarterly and nine months ended linancial results liled with the Stock Exchange under Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations. 2015. The full format of the said financial results are available in the websites of the Company, National Stock Exchange of India Limited and BSE Limited at www.suntv.in, www.nseindia .com and www.bseindia.com respectively.

3 The outbreak of COVID -19 pandemic and consequent lock down has impacted the regular business operations of the Group. The results for the quarter and nine months ended December 31. 2020 are therefore not comparable with those for the earlier periods presented. The Group has assessed the impact of the pandemic on its financial results / position based on the internal and external information. t<l the extent known and available up 10 the date of approval of these financial results and based on the current estimates. the Group expects no further adjustments to the carrying amounts as at Dect;!mber 3 1, 2020 of the investmenlS, intangible assets, receivables and other fin3nc ial asse ts. This asssment and the outcome of the pandemic as regards the aforesaid matters is highly dependent on the circumstances / developments, as they evolve in the subsequent periods.

For and on behalr of the Board of Directors

Place : Chennai R. Mahesh Kumar Date : Febru ary 8, 2021 Managing Director

sd/-