Board Meeting Details

The Board of Directors meeting was held on Saturday, 25th July, 2026 through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 04:30 PM (IST) and concluded at 05:07 PM (IST).

Financial Results Approval

The Board approved the Un-audited Standalone and Consolidated Financial Results for the first quarter ended 30th June, 2026 pursuant to Regulation 33 of SEBI Listing Regulations.

Standalone Financial Performance (Q1 FY27)

  • Total Income: ₹171.21 lakh (Q1 FY26: ₹220.02 lakh)
  • Revenue from Operations: ₹169.71 lakh (Q1 FY26: ₹184.33 lakh)
  • Other Income: ₹1.50 lakh (Q1 FY26: ₹35.69 lakh)
  • Total Expenses: ₹222.00 lakh (Q1 FY26: ₹221.77 lakh)
  • Employee Benefits Expense: ₹111.21 lakh
  • Depreciation and Amortization: ₹6.61 lakh
  • Finance Cost: ₹0.04 lakh
  • Net Loss: ₹50.78 lakh (Q1 FY26: Loss ₹1.75 lakh)
  • Earnings Per Share (Basic & Diluted): (₹0.42) per share
  • Paid-up Equity Share Capital: ₹1,202.00 lakh (Face Value ₹10 each)

Consolidated Financial Performance (Q1 FY27)

  • Total Income: ₹244.27 lakh (Q1 FY26: ₹308.09 lakh)
  • Revenue from Operations: ₹240.62 lakh (Q1 FY26: ₹187.65 lakh)
  • Other Income: ₹3.65 lakh (Q1 FY26: ₹120.44 lakh)
  • Total Expenses: ₹288.57 lakh (Q1 FY26: ₹285.76 lakh)
  • Employee Benefits Expense: ₹148.18 lakh
  • Depreciation and Amortization: ₹13.53 lakh
  • Finance Cost: ₹4.55 lakh
  • Net Loss: ₹44.30 lakh (Q1 FY26: Profit ₹22.33 lakh)
  • Earnings Per Share (Basic & Diluted): (₹0.37) per share
  • Deferred Tax Credit: ₹0.61 lakh

Auditor's Qualification

Doogar & Associates, Statutory Auditors, issued a qualified review report highlighting non-provision of interest on unsecured loans amounting to ₹66.49 lakh as of 30th June, 2026. Had this interest been provided, the standalone loss would have been higher by ₹66.49 lakh and consolidated loss would have been higher by the same amount. This non-recognition violates Ind AS 109 requirements for financial instrument measurement.

Unsecured Loans Details

The company has outstanding unsecured loans aggregating ₹3,382.81 lakh as at 30th June, 2026, received from directors, related parties, and corporates, carrying interest rate of 8% per annum.

Subsidiary Information

Consolidated results include:

  • Jain Telemedia Services Limited (Subsidiary)
  • Sea News Network Limited (Subsidiary)

The auditors did not review financial results of 2 subsidiary companies that reflected total revenues of ₹194.55 lakh and total net profit of ₹6.48 lakh for the quarter.

Management Change

Ms. Karishma Jain (ACS 46124) resigned from the post of Company Secretary & Compliance Officer (Key Managerial Personnel) effective from close of business hours on 28th July, 2026. Her resignation letter dated 18th July, 2026 cited personal reasons as the sole material reason. She confirmed no outstanding dues or obligations towards the company. The company is in the process of identifying and appointing a replacement.

Additional Information

  • The company operates in a single reportable segment: Cable Operator
  • Financial results are available on company website (www.seatonetwork.com) and BSE website (www.bseindia.com)
  • Previous period figures have been regrouped where necessary