Key Financial Figures (in ₹ Thousand)

Income Statement:

  • Revenue from Operations: 18,119 (FY25: 45,355)
  • Other Income: 430 (FY25: 41)
  • Total Income: 18,550 (FY25: 45,396)
  • Profit Before Tax: (11,608) (FY25: 394)
  • Tax Expense: 296 (FY25: -246)
  • Profit After Tax: (11,905) (FY25: 645)
  • Closing Balance in P&L Account: 63,465 (FY25: 77,387)

Balance Sheet Highlights:

  • Authorized Share Capital: ₹25,00,00,000 (25 crore equity shares of ₹10 each)
  • Paid-up Capital: ₹3,18,50,000 (1,75,42,875 equity shares of ₹10 each)
  • Reserves and Surplus: ₹65,465
  • Total Equity: ₹2,40,894
  • Long-term Borrowings: ₹51,552
  • Current Liabilities: ₹20,532
  • Total Assets: ₹3,24,042

Cash Flow Statement:

  • Net cash from operating activities: (₹2,418)
  • Net cash from investing activities: ₹6,539
  • Net cash from financing activities: (₹4,995)
  • Net decrease in cash: (₹874)
  • Cash and equivalents at year-end: ₹8,441

Dates of Action

  • AGM Date: Tuesday, September 29, 2026 at 2:30 PM IST
  • Register of Members closure: September 21, 2026 to September 29, 2026 (both days inclusive)
  • Financial Year: April 1, 2025 to March 31, 2026
  • Auditor's Report Date: May 29, 2026

Parties Involved

Board of Directors:

  • Executive Directors: Mr. Dhevanathan Yadav, Mrs. Meenakshi Yadav
  • Independent Directors: Mr. Praveen Kumar, Mr. B.T. Arasa Kumar
  • Non-Executive Director: Mr. Ulaganathan (appointed February 11, 2025)

Key Managerial Personnel:

  • Mr. K. Rajasekaran (Chief Financial Officer)
  • Mrs. Meenakshi Yadav (Whole-time Director)
  • Mrs. Heena Bedi (Company Secretary and Compliance Officer)

Statutory Auditor: M.C. Ranganathan & Co, Chartered Accountants (FRN: 0030615)

Registrar and Share Transfer Agent: Bigshare Services Private Limited

Business Operations

The company is engaged in media and advertising business, operating television channels including WIN TV, ASSERVATHAM TV, WIN TV UP and CUISINE TV. The company is involved in production, acquisition and broadcasting of television content.

Capital Structure Impact

No changes in share capital during the period under review. Paid-up capital remained at ₹3,18,50,000 divided into 1,75,42,875 equity shares of ₹10 each.

Financial Impact

Explicitly quantified financial impacts:

  • Net loss of ₹11,905,000 for FY26
  • Revenue decline of ₹27,236,000 (60%) year-over-year
  • Tax expense of ₹296,000
  • Depreciation and amortization expense: ₹5,747,000

Contingent exposures:

  • Disputed service tax dues: ₹801.04 lakhs for FY 2008-09 to 2012-13 pending with CIT(A)
  • Disputed GST dues: ₹6.54 lakhs for FY 2018-19 pending with CTO

Dividend Policy

The Board decided not to recommend any dividend for the year ended March 31, 2026 to conserve resources for company growth.

Auditor's Findings

The Statutory Auditors reported:

  • No fraud committed by or on the company
  • No qualifications, reservations or adverse remarks in their report
  • Company has maintained proper accounting records
  • Internal financial controls were adequate and effective
  • Company has incurred cash losses of ₹5,86,2705 in current financial year

Related Party Transactions

All related party transactions were conducted on arm's length basis in ordinary course of business. No materially significant transactions with related parties that were in conflict with company's interest.

Corporate Governance

Board Meetings: 8 meetings held during the year with attendance ranging from 67% to 83%

Committee Composition:

  • Audit Committee: Mr. Praveen Kumar Baskar (Chairman), Mr. B.T. Arasa Kumar, Mr. T. Dhevanathan Yadav
  • Nomination and Remuneration Committee: Mrs. Meenakshi Yadav (Chairman), Mr. B.T. Arasa Kumar, Mr. Praveen Kumar Baskar
  • Stakeholders Relationship Committee: Mr. Praveen Kumar Baskar (Chairperson), Mr. B.T. Arasa Kumar, Mrs. Meenakshi Yadav

Employee Information

  • Median remuneration: ₹2,49,600
  • Total permanent employees: 15 (including KMPs)
  • Gender composition: Male: 12, Female: 3, Transgender: 0
  • No employee drawing remuneration exceeding ₹1,00,00,000 per annum

Other Material Disclosures

  • No material changes or commitments between financial year end and report date
  • No significant orders passed by regulators/courts impacting going concern status
  • No sexual harassment complaints received during the year
  • No deposits accepted from public
  • Company has complied with Maternity Benefit Act, 1961
  • Accounting software with audit trail feature used throughout the year