Pursuant to SEBI Listing Regulations 30 and 33, the Board of Directors of 7Seas Entertainment Limited held a meeting on August 14, 2026, from 12:30 p.m. to 1:30 p.m. in Hyderabad.
The Board considered and approved the following items:
1. Financial Results Approval
- Approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026.
- The results were reviewed by the Audit Committee and include a Limited Review Report from the statutory auditors, Sathuluri & Co. (FRN: 0063835).
2. Annual General Meeting
- Approved convening the 35th Annual General Meeting (AGM) on Wednesday, September 30, 2026.
- The AGM will be conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM).
- Approved the Notice convening the AGM.
3. Register of Members Closure
- Approved closure of the Register of Members and Share Transfer Books from Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive) for the AGM.
- A separate intimation pursuant to Regulation 42 of SEBI Listing Regulations will be submitted to BSE.
4. Director Resignation
- Accepted the resignation of Mr. N. Mahender Reddy (DIN: 09389493) as Non-Executive Independent Director.
- Resignation effective from close of business hours on August 14, 2026.
- The Board placed on record its appreciation for his contributions.
- A separate disclosure under Regulation 30 will be submitted to BSE.
5. Committee Reconstitution
- Approved reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
- Effective from August 14, 2026.
- Separate disclosure of revised composition pursuant to Regulation 30 will be submitted to BSE.
Financial Results for Quarter Ended June 30, 2026 (Unaudited Standalone)
All figures are in ₹ lakhs and rounded to two decimal places.
Income Statement Highlights:
- Revenue from Operations: ₹576.37
- Other Income: ₹0.89
- Total Income: ₹577.26
Expenses:
- Employee Benefits Expense: ₹213.84
- Depreciation and Amortization: ₹42.49
- Other Expenses: ₹252.41
- Total Expenses: ₹508.74
Profitability:
- Profit Before Tax: ₹68.52
- Tax Expense: ₹0.00
- Net Profit After Tax: ₹68.52
- Total Comprehensive Income: ₹68.52
Earnings Per Share (Face value ₹10 each):
- Basic EPS: ₹0.30
- Diluted EPS: ₹0.30
Comparative Figures:
- Quarter Ended 31.03.2026 (Audited): Revenue ₹514.66, Net Profit ₹58.65, Basic EPS ₹0.25
- Quarter Ended 30.06.2025 (Unaudited): Revenue ₹491.41, Net Profit ₹53.75, Basic EPS ₹0.24
- Year Ended 31.03.2026 (Audited): Revenue ₹2,011.55, Net Profit ₹222.90, Basic EPS ₹0.96
Capital Structure:
- Paid-up equity share capital: ₹2,311.22 lakh (Face value ₹10 each)
Notes to Financial Results:
1. The company operates in a single reportable segment: Gaming Software.
2. EPS figures for quarters are not annualized.
3. Previous-period figures have been regrouped/reclassified where necessary.
4. Results are available on company website (www.7seasent.com) and BSE website (www.bseindia.com).
Auditor's Review
- Sathuluri & Co., Chartered Accountants, conducted a limited review of the financial results.
- Based on their review, nothing has come to their attention that causes them to believe the statement contains any material misstatement.
- The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.