Key Financial Figures (Standalone)

  • Revenue from Operations: ₹534.53 lakhs (FY25: ₹2,287.10 lakhs) - a decrease of 76.6%
  • Other Income: ₹109.45 lakhs (FY25: ₹0.94 lakhs), primarily from interest on Income Tax refund
  • Finance Cost: ₹171.41 lakhs (FY25: ₹243.36 lakhs)
  • Depreciation & Amortization: ₹4.70 lakhs (FY25: ₹4.93 lakhs)
  • Profit/(Loss) Before Tax: (₹484.38) lakhs (FY25: ₹29.90 lakhs profit)
  • Tax Expenses: (₹2.02) lakhs (credit) (FY25: (₹3.83) lakhs credit)
  • Profit/(Loss) After Tax: (₹482.35) lakhs (FY25: ₹33.73 lakhs profit)
  • Total Comprehensive Income: (₹482.28) lakhs (FY25: ₹33.68 lakhs)
  • Earnings Per Share (EPS): (₹0.89) (FY25: ₹0.06)
  • Net Worth: Fully eroded at (₹1,590.40) lakhs

Key Financial Figures (Consolidated)

  • Revenue from Operations: ₹540.42 lakhs (FY25: ₹2,287.10 lakhs)
  • Other Income: ₹109.62 lakhs (FY25: ₹0.94 lakhs)
  • Profit/(Loss) After Tax: (₹479.42) lakhs (FY25: ₹32.76 lakhs profit)
  • Total Comprehensive Income: (₹479.35) lakhs (FY25: ₹32.71 lakhs)

AGM Details

  • Date: Tuesday, 29th September, 2026
  • Time: 2.00 PM IST
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Venue: Deemed to be at Registered Office, No.14, Jayammal Road, Teynampet, Chennai – 600018
  • Book Closure: 23rd September, 2026 to 29th September, 2026 (both days inclusive)

Business of the AGM

Ordinary Business

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY26

2. Re-appointment of Mr. R. Sarathkumar (DIN: 00238601) who retires by rotation

Special Business

3. Appointment of Mr. Rahhul Sarath (DIN: 11923030) as Whole-time Director for 3 years from 1st September 2026 to 31st August 2029 at a remuneration of ₹9,00,000 per annum

4. Appointment of Ms. M. Uma (DIN: 11922974) as Non-executive Independent Director for 5 years from 1st September 2026 to 31st August 2031

Changes in Board Composition

  • Mr. R. Sarathkumar's designation changed from Whole-time Director to Non-executive Director w.e.f. 15th October 2025
  • Mr. Balaji Gandla resigned as Company Secretary and Compliance Officer w.e.f. 14th February 2026
  • Ms. Ramya Ravi appointed as Company Secretary and Compliance Officer w.e.f. 13th June 2026
  • Mr. Krishnachandar (DIN: 10763027) resigned as Independent Director w.e.f. 18th August 2026
  • Ms. Radikaa Rayane (DIN: 08350418) resigned as Non-executive Director w.e.f. 18th August 2026
  • Mr. Rahhul Sarath appointed as Additional Director (Executive) w.e.f. 1st September 2026
  • Ms. M. Uma appointed as Additional Director (Independent) w.e.f. 1st September 2026

Subsidiary Information

  • Radaan Media Ventures Pte. Ltd., Singapore (100% subsidiary)
  • Investment Value: ₹9.35 lakhs (SGD 20,000)
  • FY26 Performance: Revenue SGD 9,001 (₹6.07 lakhs), Net Profit SGD 4,401 (₹2.93 lakhs)
  • Loans & Advances to Subsidiary: ₹18.46 lakhs outstanding

Related Party Transactions (Material)

  • Professional fees to Mrs. R. Radikaa Sarathkumar (MD): ₹72.00 lakhs for creative direction services
  • Unsecured loans from Mrs. R. Radikaa Sarathkumar: Received ₹69.90 lakhs, repaid ₹63.40 lakhs, balance ₹6.50 lakhs principal + ₹0.17 lakhs interest outstanding
  • Unsecured loans from Mr. R. Sarathkumar: Received ₹316.25 lakhs, repaid ₹568.58 lakhs, balance ₹143.85 lakhs principal + ₹4.66 lakhs interest outstanding
  • Remuneration to Mr. R. Sarathkumar: ₹19.25 lakhs for whole-time directorship (till 14th October 2025)

Auditor Remarks & Management Response

Qualified Opinion Basis

1. Material Uncertainty Relating to Going Concern: Company's net worth fully eroded, current liabilities exceeded current assets, undisputed statutory dues of ₹355.81 lakhs unpaid as of March 31, 2026

2. Investments: Investment in subsidiary (₹9.35 lakhs) and loans/advances (₹18.46 lakhs) not tested for impairment as per Ind AS 36

Management Response

1. Going Concern: Company confident of meeting obligations in normal course of business

2. Subsidiary Investment: Subsidiary initiated revenue generation in FY26 and recorded net profit of ₹2.93 lakhs; management views operations as viable and no impairment required

Contingent Liabilities

  • Service Tax: ₹532.43 lakhs for periods October 2012 to December 2015 (pending before CESTAT)
  • Sales Tax: Matters for 2001-02 to 2005-06 remanded to assessing officer
  • Income Tax: Additions of ₹471.77 lakhs for AY 2015-16 to 2017-18 deleted by CIT(A); revenue appealed for AY 2015-16 which was dismissed by ITAT
  • GST: Demand of ₹15.53 lakhs (including penalty) for July 2017 to March 2022; Company decided to prefer appeal before GST Tribunal

Other Key Disclosures

  • Dividend: No dividend recommended for FY26
  • Share Capital: No change during FY26; paid-up capital ₹1,083.23 lakhs (5,41,61,540 equity shares of ₹2 each)
  • Statutory Dues: Undisputed TDS dues of ₹355.81 lakhs (including interest of ₹123.72 lakhs) remain unpaid as of March 31, 2026
  • Foreign Exchange Earnings: US $13,459.38 + GBP 8,390.67 equivalent to ₹21.78 lakhs (FY25: US $183,557.87 equivalent to ₹152.98 lakhs)
  • CSR: Provisions not applicable for FY26
  • Internal Financial Controls: Auditors found adequate and operating effectively

Voting Instructions for AGM

  • Remote e-voting period: 26th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM)
  • E-voting during AGM: Available for shareholders attending through VC/OAVM who haven't voted remotely
  • Scrutinizer: M/s. KRA & Associates, Company Secretaries