Disclosure Context
Radaan Mediaworks India Limited (Scrip: RADAAN on NSE, 590070 on BSE) submitted a regulatory disclosure pursuant to Regulation 30 and 33 of SEBI Listing Regulations. The disclosure communicates outcomes from the Board of Directors meeting held on Thursday, 13th August 2026, which commenced at 4:30 PM and concluded at 5:05 PM.
Board Meeting Outcomes
The Board of Directors considered and approved the following items:
1. Un-audited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026, along with the Limited Review Report thereon.
2. Approval of Draft Annual Report for the Financial Year 2026-27.
The company confirmed this information would be available on its website www.radaan.tv.
Financial Results Overview (Consolidated)
Period: Quarter Ended June 30, 2026 (Unaudited, Reviewed)
Comparative Periods: Quarter Ended March 31, 2026 (Audited), Quarter Ended June 30, 2025 (Unaudited), Year Ended March 31, 2026 (Audited)
Currency: Indian Rupees (Lakhs)
Income Statement Highlights:
- Revenue from Teleserial/Digital Income: ₹150.39 lakh (Q1 FY27) vs ₹165.36 lakh (Q4 FY26) vs ₹28.55 lakh (Q1 FY26)
- Other Income: ₹1.76 lakh (Q1 FY27) vs ₹6.51 lakh (Q4 FY26) vs ₹0.74 lakh (Q1 FY26)
- Total Income: ₹152.15 lakh (Q1 FY27) vs ₹171.87 lakh (Q4 FY26) vs ₹29.29 lakh (Q1 FY26)
- Total Expenditure: ₹196.31 lakh (Q1 FY27) vs ₹250.46 lakh (Q4 FY26) vs ₹179.18 lakh (Q1 FY26)
- Loss Before Tax: ₹(44.16) lakh (Q1 FY27) vs ₹(78.59) lakh (Q4 FY26) vs ₹(149.89) lakh (Q1 FY26)
- Tax Expense: ₹0.42 lakh (Q1 FY27)
- Net Loss After Tax: ₹(43.74) lakh (Q1 FY27) vs ₹(78.08) lakh (Q4 FY26) vs ₹(149.38) lakh (Q1 FY26)
- Total Comprehensive Loss: ₹(43.72) lakh (Q1 FY27) vs ₹(78.06) lakh (Q4 FY26) vs ₹(149.33) lakh (Q1 FY26)
Key Metrics:
- Paid-up Equity Share Capital (Face Value ₹2 each): ₹1,083.23 lakh (unchanged across periods)
- Earnings Per Share (Basic & Diluted): ₹(0.08) (Q1 FY27) vs ₹(0.14) (Q4 FY26) vs ₹(0.28) (Q1 FY26)
Auditor's Qualified Review Report
SRSV & Associates, Chartered Accountants (Firm Regn. No.015041S), issued a qualified review conclusion on both standalone and consolidated financial results. Partner V Rajeswaran (Membership No. 020881) signed the report dated August 13, 2026, from Chennai.
Basis for Qualification:
1. Material Uncertainty Relating to Going Concern: The company's net worth has fully eroded, and current liabilities exceed current assets. The company faces a liquidity crunch with undisputed statutory dues of ₹377.71 lakh unpaid as of June 30, 2026. Non-payment may lead to potential non-compliances under relevant statutes. These conditions indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern, though management believes it can meet obligations.
2. Investments: Investment in wholly-owned subsidiary Radaan Media Ventures Pte Ltd. amounting to ₹9.35 lakh as of June 30, 2026, and loans/advances to subsidiary amounting to ₹18.46 lakh have not been tested for impairment as required by Ind AS 36.
Subsidiary Information:
- Radaan Media Ventures Pte Ltd (Singapore subsidiary) contributed total revenues of ₹Nil, net loss after tax of ₹(0.08) lakh, and other comprehensive income of ₹Nil for the quarter.
- The subsidiary's financial information was prepared according to Singapore accounting principles and converted to Indian GAAP by management. The subsidiary's auditors did not review its interim results.
Additional Notes to Financial Results
1. The results were reviewed and approved by the Audit Committee and Board of Directors on August 13, 2026.
2. Financial statements are prepared on a going concern basis under Ind AS, as the company has initiated a revival plan to sustain business activities.
3. The company has accumulated losses and negative net worth as of June 30, 2026.
4. Impairment testing for investments in the Singapore subsidiary was not performed as the company is reviving its digital segment operations.
5. The company assessed the financial impact of new Labour Codes (notified November 21, 2025) through actuarial valuation and concluded the impact is not material. The effect has been recognized under Employee Benefits Expense.
6. Figures for the quarter ended March 31, 2026, are balancing figures between audited annual figures and previously published quarterly figures.
7. The company operates in one reportable segment: 'Media & Entertainment'.
8. Corresponding period figures have been re-stated, re-grouped, and re-classified where necessary.