Key Decisions and Approvals

The Board of Directors, at its meeting held on 13th November 2026 (commencing at 2:30 PM and concluding at 4:40 PM), approved the following items:

1. The unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended 30th September 2026, along with the Statement of Assets and Liabilities and Cash Flow Statement. These results were reviewed and recommended by the Audit Committee in its meeting held earlier the same day.

2. The appointment of Ms. Sneha Soni (ICSI Membership No. A41909) as the Company Secretary, Compliance Officer, and Key Managerial Personnel of the Company with effect from 13th November 2026. This appointment was made on the recommendation of the Nomination and Remuneration Committee, pursuant to Section 203 of the Companies Act, 2013 and Regulation 6 of the SEBI Listing Regulations.

Detailed Financial Performance (Standalone - Rs. in Lakhs)

Quarterly Performance (Q2 FY27 vs Q1 FY27 vs Q2 FY26)

  • Total Income: ₹137.97 (Q2 FY27) vs ₹173.58 (Q1 FY27) vs ₹135.43 (Q2 FY26)
  • Revenue from Operations: ₹4.26 vs ₹10.20 vs ₹0.53
  • Other Income: ₹133.72 vs ₹163.39 vs ₹134.90
  • Total Expenses: ₹119.98 vs ₹146.76 vs ₹135.70
  • Employee Benefits: ₹9.74 vs ₹10.78 vs ₹15.05
  • Finance Cost: ₹92.52 vs ₹89.82 vs ₹82.54
  • Other Expenses: ₹17.72 vs ₹46.16 vs ₹37.75
  • Profit/(Loss) before tax: ₹18.00 vs ₹26.82 vs (₹0.27)
  • Net Profit for the period: ₹18.00 vs ₹26.82 vs (₹0.27)
  • Earnings Per Share (Basic) (in Rs.): 0.03 vs 0.05 vs (0.00)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹311.55 (H1 FY27) vs ₹270.28 (H1 FY26)
  • Net Profit for the period: ₹44.82 vs (₹2.75)
  • Earnings Per Share (Basic) (in Rs.): 0.09 vs (0.01)

Balance Sheet Position (Standalone as at 30th Sept 2026 vs 31st Mar 2026)

  • Total Assets: ₹8,991.06 Lakhs vs ₹9,015.46 Lakhs
  • Non-Current Assets: ₹5,903.91 Lakhs (incl. Investments: ₹5,811.06 Lakhs) vs ₹5,917.39 Lakhs
  • Current Assets: ₹3,087.15 Lakhs (incl. Inventories: ₹3,017.94 Lakhs; Cash: ₹6.90 Lakhs) vs ₹3,098.08 Lakhs
  • Total Equity: Negative ₹(3,979.95) Lakhs vs Negative ₹(4,024.77) Lakhs
  • Equity Share Capital: ₹5,225.00 Lakhs (52.25 million shares of FV ₹10 each)
  • Other Equity: Negative ₹(9,204.95) Lakhs vs Negative ₹(9,249.77) Lakhs
  • Non-Current Liabilities: ₹3,055.31 Lakhs (incl. Borrowings: ₹3,047.38 Lakhs) vs ₹2,944.96 Lakhs
  • Current Liabilities: ₹9,915.71 Lakhs vs ₹10,095.27 Lakhs

Cash Flow (Standalone - H1 FY27)

  • Net Cash Flow from Operating Activities: ₹44.56 Lakhs
  • Net Cash Flow from Investing Activities: ₹29.25 Lakhs
  • Net Cash Flow from Financing Activities: (₹71.96) Lakhs (Repayment of Long Term Borrowings)
  • Net Increase in Cash: ₹1.84 Lakhs

Detailed Financial Performance (Consolidated - Rs. in Lakhs)

Quarterly Performance (Q2 FY27)

  • Total Income: ₹493.83
  • Net Profit/(Loss) for the period attributable to owners: (₹0.01)
  • Earnings Per Share (Basic) (in Rs.): (0.01)

Half-Yearly Performance (H1 FY27)

  • Total Income: ₹1,023.27
  • Net Profit for the period attributable to owners: ₹8.72
  • Earnings Per Share (Basic) (in Rs.): 0.00

Balance Sheet Position (Consolidated as at 30th Sept 2026)

  • Total Assets: ₹29,019.13 Lakhs
  • Total Equity: Negative ₹(6,283.00) Lakhs
  • Equity Share Capital: ₹5,225.00 Lakhs
  • Other Equity: Negative ₹(12,189.88) Lakhs
  • Non-controlling interest: ₹681.87 Lakhs

Management Appointment Details

  • Name: Ms. Sneha Soni
  • Role: Company Secretary, Compliance Officer, and Key Managerial Personnel
  • Date of Appointment: 13th November 2026
  • Reason for Change: Appointment to fill the vacancy caused by the resignation of Ms. Hemalatha Vijayakumar effective 29th May 2026.
  • Profile: Associate Member of ICSI (Membership No. A41909) with about 7 years of experience in corporate secretarial and compliance matters.
  • Relationship: Not related to any Director or Key Managerial Personnel of the Company.

Statutory Auditor's Review Report (Key Qualifications)

The statutory auditors, M/s. R P S V & Co., issued a limited review report with qualified conclusions:

1. Inventory (Film Production Expenses): The company holds inventory (advances to artists/co-producers) of ₹3,017.94 Lakhs. The board is confident of realizing the value, but the auditors, in the absence of sufficient documentary evidence for ₹2,879.85 Lakhs of this amount, believe it is doubtful and should be provided for. This non-provision understates loss by ₹2,879.85 Lakhs.

2. Investment in Subsidiary (PVP Capital Ltd): The investment in PVP Capital Ltd (a WOS) is carried at ₹2,521.74 Lakhs. The subsidiary has a negative net worth of ₹621.16 Lakhs and has surrendered its NBFC registration. The board believes no impairment is needed, but the auditors disagree, qualifying their opinion on the carrying value.

3. Going Concern: The company/group has a significant negative net worth (Standalone: ₹3,979.95 Lakhs; Consolidated: ₹6,283.00 Lakhs). Despite management's plans (cost reduction, future projects, strategic merger, lender support), the auditors highlight material uncertainties that may cast significant doubt on the entity's ability to continue as a going concern.

Additional Notes from Financial Statements

  • The financial statements are prepared under Ind AS.
  • The company is evaluating options for optimal utilization of film production advances (₹3,017.94 Lakhs).
  • PVP Capital Limited, a wholly-owned subsidiary, has surrendered its NBFC registration.
  • The board believes segment reporting (Ind AS 108) is not applicable as movie production and financing are a single operation.
  • The results are available on the company's website (www.pvpcinema.com) and BSE website (www.bseindia.com).