Entertainment Network (India) Limited announced that Mr. Subramanian Narayanan has tendered his resignation as the Group Chief Financial Officer (`Group CFO') of the Company (`ENIL'). With effect from July 1, 2023, he is taking up a larger role in the holding company of ENIL, that is, Bennet Coleman and Company Limited (BCCL). Accordingly, with effect from July 1, 2023, Mr. N Subramanian will cease to be the Group CFO and Key Managerial Personnel (`KMP') of ENIL under the provisions of Section 203 of the Companies Act, 2013 and under Regulation 30(5) of the Listing Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchanges.

The Nomination & Remuneration Committee and Board of Directors of the Company, at their meetings held on June 19, 2023, approved the appointment of Mr. Sanjay Kumar Ballabh (currently holding the office of EVP- Finance) as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from July 1, 2023. Mr. Sanjay Kumar Ballabh is an alumni of Sr. Xavier's College, Kolkata and he is a Chartered Accountant and CMA with work experience of more than 27 years. He has worked majorly in the M&E sector in the last two decades.

Some of his past experiences are with Saregama, Sony, Star Network and Food Food. He has been group CFO at Swastik Productions before joining the Company as Head of Finance in June 2021.