Entertainment Network Limited Announces Resignation of Prashant Panday as Managing Director and Director, Effective on January 31, 2023
January 27, 2023 at 03:51 am EST
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Entertainment Network (India) Limited announced Mr. Prashant Panday, Managing Director, has requested to be relieved due to other preoccupations and has tendered his resignation from the position of the Managing Director as well as Directorship of the company with effect from the close of business hours on January 31, 2023. The company has received confirmation from Mr. Prashant Panday that there are no other material reasons for his resignation except as mentioned above. The Board of Directors has accordingly considered and accepted the aforesaid resignation of Mr. Panday from the position of the Managing Director as well as the Directorship of the company with effect from the close of business hours on January 31, 2023.
Mr. Panday will also cease to hold the office of Key Managerial Personnel with effect from the said date. Mr. Panday has resigned as the Director and Managing Director of the Company due to other preoccupations and there are no other material reasons for his resignation other than the one mentioned above.
Entertainment Network (India) Limited is an India-based advertising company. The Company generates its advertising revenues by the sales of airtime in the Companyâs frequency modulation (FM) radio broadcasting stations, activations, concerts and monetization of Companyâs digital and other media properties. The Company operates FM radio broadcasting stations in 63 Indian cities. The Companyâs subsidiaries include Alternate Brand Solutions (India) Limited, Entertainment Network, Inc., Entertainment Network, LLC, Global Entertainment Network Limited W.L.L., and Mirchi Bahrain W.L.L. Its brands include Radio Mirchi, Mirchi Plus, Mirchi 95, Mirchi Love and Kool FM. The Company operates in Ahmedabad, Akola, Amravati, Amritsar, Asansol, Aurangabad, Bengaluru, Bharuch, Bhavnagar, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Nagpur, Pune, Guwahati, Hubli Dharward, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jhansi, Jodhpur, Kolkata, and other.