Colorchips New Media Limited held a Board of Directors meeting on 30th May, 2026, which commenced at 4:00 PM and concluded at 5:00 PM. The Board inter alia approved the following matters:
1. Audited Financial Results of the Company for the Fourth Quarter and Financial Year ended 31st March, 2026
2. Auditors' Reports on the Financial Results of the Company for the Fourth Quarter and Year ended 31st March, 2026, issued by the Statutory Auditors, M/s. Pavan & Associates, Chartered Accountants as required under Regulation 33 of the Listing Regulations
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and relate to only one segment: Digital Media. The results were reviewed by the Audit Committee and subsequently taken on record by the Board.
Financial Performance
- Profit/(Loss) Before Tax for FY26: (₹16,283,300) - a significant improvement from FY25 loss of (₹100,215,108)
- Depreciation: ₹8,714,230 (FY26) vs ₹8,787,689 (FY25)
- Other Income: (₹142) (FY26) vs (₹117,515) (FY25)
Balance Sheet Position as at 31/03/2026 (Standalone)
- Total Equity and Liabilities: ₹207,084,781
- Shareholders' Funds: ₹179,206,748
- Share Capital: ₹170,099,000
- Reserves and Surplus: ₹9,107,748
- Non-current Liabilities: ₹698,894
- Current Liabilities: ₹27,179,139
- Total Assets: ₹207,084,781
- Non-current Assets: ₹193,388,405
- Property, plant and equipment/Other Intangible assets: ₹92,888,405
- Long term loans and advances: ₹100,500,000
- Current Assets: ₹13,696,376
- Cash and Cash equivalents: ₹1,279,654
- Short-term loans and advances: ₹1,101,377
- Other current assets: ₹9,999,355
Cash Flow Statement for Year Ended 31 March 2026
- Net Cash from Operating Activities: ₹6,190,179 (improvement from negative ₹94,352,146 in FY25)
- Net Cash used in Investing Activities: (₹6,274,843)
- Net Cash flow from Financing Activities: ₹0
- Net decrease in cash and cash equivalents: (₹84,664)
- Cash and Cash equivalents at beginning of year: ₹1,186,041
- Cash and Cash equivalents at end of year: ₹1,101,377
Audit Qualification
The auditors, M/s. Pavan & Associates, issued a disclaimer of opinion regarding internal financial controls. The system of internal financial controls with reference to financial statements were not made available to enable determination of whether adequate internal financial controls were established and operating effectively as at March 31, 2026.
Management's Response to Audit Qualification
The management stated that the audit observation relates solely to internal financial controls and has no impact on the reported figures in the standalone financial statements. They are unable to quantify any financial impact as it pertains only to control processes and supporting documentation, not to accounting figures.
Additional Information
The company has incurred cash losses for both current (₹75 lakhs) and immediately preceding financial year (₹914 lakhs). The company does not have any pending litigations that would impact its financial position and has no disputed statutory dues outstanding.