Date: 29 May 2026

Board Meeting Outcomes

The Board of Directors at their meeting held on 29 May 2026 approved:

  • Audited Standalone and Consolidated Financial Results for the quarter and year ended 31 March 2026
  • Re-appointment of M/s. V Padmaja & Associates as Internal Auditors for FY2026-27

The meeting commenced at 5:00 PM and concluded at 7:15 PM.

KMP / Board / Auditor Changes

Internal Auditor Re-appointment:

  • Name: M/s. V Padmaja & Associates, Chartered Accountants
  • Change Type: Re-appointment
  • Effective Date: 29 May 2026
  • Terms: Re-appointed as Internal Auditors for FY2026-27
  • Profile: Practicing Chartered Accountants in Chennai, specialized in Audit, Taxation and Banking
  • Relationship with directors: Not Applicable

Financial Results (Standalone)

For Year Ended 31/03/2026 (Audited):

  • Total Income: ₹643.97 lakhs
  • Total Expenditure: ₹1,128.34 lakhs
  • Profit Before Tax: (₹484.38) lakhs
  • Tax Expenses: ₹2.02 lakhs (Deferred Tax)
  • Net Loss After Tax: (₹482.36) lakhs
  • Other Comprehensive Income: ₹0.07 lakhs
  • Total Comprehensive Income: (₹482.28) lakhs
  • Earnings Per Share (Basic): (₹0.89)
  • Paid-up Equity Share Capital: ₹1,083.23 lakhs (Face Value ₹2 each)
  • Other Equity: (₹2,673.63) lakhs

For Quarter Ended 31/03/2026 (Audited):

  • Total Income: ₹171.87 lakhs
  • Total Expenditure: ₹247.32 lakhs
  • Net Loss After Tax: (₹74.94) lakhs
  • Earnings Per Share (Basic): (₹0.14)

Financial Results (Consolidated)

For Year Ended 31/03/2026 (Audited):

  • Total Income: ₹1,131.49 lakhs
  • Total Expenditure: ₹1,610.93 lakhs
  • Profit Before Tax: (₹481.44) lakhs
  • Tax Expenses: ₹2.02 lakhs (Deferred Tax)
  • Net Loss After Tax: (₹479.42) lakhs
  • Other Comprehensive Income: ₹0.07 lakhs
  • Total Comprehensive Income: (₹479.35) lakhs
  • Earnings Per Share (Basic): (₹0.89)
  • Paid-up Equity Share Capital: ₹1,083.23 lakhs (Face Value ₹2 each)
  • Other Equity: (₹2,705.13) lakhs

For Quarter Ended 31/03/2026 (Audited):

  • Total Income: ₹168.00 lakhs
  • Total Expenditure: ₹243.44 lakhs
  • Net Loss After Tax: (₹75.45) lakhs
  • Earnings Per Share (Basic): (₹0.14)

Cash Flow Statements

Standalone Cash Flow (Year Ended 31/03/2026):

  • Cash from Operating Activities: (₹356.98) lakhs
  • Cash from Investing Activities: ₹1,919.75 lakhs (mainly from cancellation of property deal)
  • Cash from Financing Activities: (₹1,641.62) lakhs
  • Net Decrease in Cash: (₹78.85) lakhs
  • Cash at beginning: ₹83.72 lakhs
  • Cash at end: ₹4.86 lakhs

Consolidated Cash Flow (Year Ended 31/03/2026):

  • Cash from Operating Activities: (₹350.59) lakhs
  • Cash from Investing Activities: ₹1,919.75 lakhs (mainly from cancellation of property deal)
  • Cash from Financing Activities: (₹1,641.35) lakhs
  • Net Decrease in Cash: (₹72.17) lakhs
  • Cash at beginning: ₹84.65 lakhs
  • Cash at end: ₹12.48 lakhs

Notes to Financial Results

1. Results reviewed and approved by Audit Committee and Board on 29-05-2026

2. Prepared on going concern basis in accordance with Ind AS

3. Company has accumulated losses and negative net worth as on 31/03/2026 but has initiated revival plan

4. Investments in subsidiary not impaired as company is reviving operational activity in digital segment

5. Cancellation of construction agreement and sale deed for UDS part of property effected during year:

  • Total aggregate Capital Work-In-Progress of ₹1,941.54 lakhs recovered on cancellation
  • Comprised of Land UDS consideration (₹1,061.96 lakhs), construction payment (₹264.82 lakhs), and interest (₹614.76 lakhs)
  • Loan obligations including bank settled

6. Provisions no longer required of ₹29.67 lakhs reversed and included in other income

7. Labour Codes implemented - financial impact assessed as not material

8. Company functions under one reportable segment: 'Media & Entertainment'

9. Corresponding period figures re-stated where necessary

Impact of Audit Qualifications

For Going Concern Qualification (18th time):

  • Management's View: Company confident of meeting obligations in normal course of business
  • Auditor's Comment: Company confident of meeting obligations in normal course of business

For Investments Qualification (13th time):

  • Management's View: Company confident of reviving the subsidiary, not applicable to quantify impact
  • Auditor's Comment: Not provided