NEXT MEDIAWORKS LIMITED

Climate Impact & Sustainability Data (2022-23, 2023-04 to 2024-03, 2023-24, 2024-04-01 to 2024-12-31)

Revised recruitment strategy implemented to build a young and diverse workforce, with a particular focus on reducing attrition rates among the sales team.
Various training and development programs undertaken, including classroom sessions on artificial intelligence (AI) tools, audio/video techniques, regular operations refresher training, and new product deployment training.
Internal employees elevated to larger roles across the organization.

Established a robust policy in line with the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act and Rules 2013.
Implemented measures such as offering differentiated programming, redefining pricing strategies, and leveraging diverse group brands to mitigate the risk posed by evolving competition and new advertisement mediums.
Enhancing governance standards through measures such as a Code of Conduct, Whistleblower policies, POSH (Prevention of Sexual Harassment) and internal complaint committees, an independent revenue assurance function, and the integration of core accounting and financial systems.

Evolving competition and new advertisement mediums.
Attracting and retaining relevant talent.
Maintaining high governance standards in a rapidly evolving regulatory landscape.
NRL’s networth is negative.

Offering differentiated programming, including audio dramas and celebrity-driven shows; redefining pricing strategies; leveraging diverse group brands; enhancing social media and digital presence; scaling up events.
Maintaining employee engagement through regular town halls and one-on-one sessions with leadership; maximizing digital skill-building by integrating AI-powered learning platforms; redesigning incentive schemes.
Enhancing governance standards through measures such as a Code of Conduct, Whistleblower policies, POSH (Prevention of Sexual Harassment) and internal complaint committees, an independent revenue assurance function, and the integration of core accounting and financial systems.
NRL management is taking appropriate steps within the FM policy framework to improve its net worth position and has also requested MIB to provide relief to the industry.

The Group has incurred losses in the current and previous period, also the net worth of the Group is eroded as at December 31, 2024.
The Company has incurred losses in the current and previous period, also the net worth of the Company is eroded as at December 31, 2024. Further, the Company's current liabilities exceed current assets as at December 31, 2024.

The Group has obtained a letter of support from the Holding Company in order to meet the entire shortfall in its fund requirements, to meet out all the obligations and operational requirements.
The Company has received a letter of support from its Holding Company, where in the Holding company has agreed to provide financial support to the Company.