Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Internal Auditor Re-appointment
Audit Opinion:
Qualified Opinion for both standalone and consolidated financial results
Auditor’s Comment:
Auditors issued qualified opinion based on two key matters:
1. Material uncertainty relating to going concern as company's net worth has fully eroded and current liabilities exceeded current assets. Company has undisputed statutory dues of ₹355.81 Lakhs unpaid as of March 31, 2026, creating potential non-compliances.
2. Investments in wholly owned subsidiary Radaan Media Ventures Pte Ltd amounting to ₹9.35 Lakhs and loans/advances to subsidiary of ₹18.46 Lakhs have not been impaired as per IND AS 36.
Key Financial Highlights [Rs. in Lakhs]:
Standalone Results:
Quarter Ended March 31, 2026:
- Revenue from Operations: ₹165.36
- Other Income: ₹6.51
- Total Income: ₹171.87
- Total Expenditure: ₹247.32
- Net Loss: ₹74.94
- EPS: (₹0.14)
Year Ended March 31, 2026:
- Revenue from Operations: ₹534.53
- Other Income: ₹109.45
- Total Income: ₹643.97
- Total Expenditure: ₹1,128.34
- Net Loss: ₹482.36
- EPS: (₹0.89)
- Other Equity: (₹2,673.63)
- Cash and Cash Equivalents: ₹4.86
Consolidated Results:
Quarter Ended March 31, 2026:
- Revenue from Operations: ₹165.36
- Other Income: ₹6.51
- Total Income: ₹171.87
- Total Expenditure: ₹250.46
- Net Loss: ₹78.06
- EPS: (₹0.14)
Year Ended March 31, 2026:
- Revenue from Operations: ₹650.04
- Other Income: ₹109.45
- Total Income: ₹759.49
- Total Expenditure: ₹1,131.49
- Net Loss: ₹479.35
- EPS: (₹0.89)
- Other Equity: (₹2,705.13)
- Cash and Cash Equivalents: ₹12.48
Segment-wise Performance:
The company functions under one reportable segment: 'Media & Entertainment'. Segment-wise reporting is not applicable.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.
Other Significant Information:
- Company is in process of reviving operational activity in digital segment of subsidiary Radaan Media Ventures Pte Ltd in Singapore
- Cancellation of construction agreement and sale deed for UDS part of property resulted in recovery of ₹1,941.54 Lakhs from capital work-in-progress
- Provisions no longer required for settlement of ₹29.67 Lakhs relating to operational/production activity reversed and included in other income
- Company assessed impact of new Labour Codes effective November 21, 2025, and determined financial impact is not material
- Figures for quarter ended March 31, 2026 are balancing figures between audited full year and published unaudited year-to-date figures up to third quarter
Entities in Consolidation:
- Radaan Mediaworks India Limited (Holding Company)
- Radaan Media Ventures Pte Ltd (Subsidiary)
Exceptional Items:
No exceptional items reported for the period.
Change in Accounting Policy:
No change in accounting policy affecting comparability.
Management Outlook:
Company has initiated necessary revival plan and is confident of meeting its obligations in normal course of business, ensuring ability to sustain business activities in foreseeable future.