Key Financial Performance (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹1,200.00 lakhs (FY25: ₹229.71 lakhs) - 422% increase
  • Other Income: ₹0.71 lakhs (FY25: ₹6.50 lakhs)
  • Total Revenue: ₹1,200.71 lakhs (FY25: ₹236.21 lakhs)
  • Total Expenses: ₹882.54 lakhs (FY25: ₹54.07 lakhs)
  • Profit Before Tax: ₹250.69 lakhs (FY25: ₹182.14 lakhs)
  • Current Tax: ₹65.74 lakhs (FY25: Nil)
  • Net Profit: ₹184.96 lakhs (FY25: ₹182.14 lakhs)
  • EPS (Basic & Diluted): ₹0.03 (FY25: ₹2.81)

Capital Structure Changes

  • Authorized Share Capital: Increased to ₹90,00,00,000 divided into 90,00,00,000 equity shares of ₹1 each through Postal Ballot dated February 21, 2026
  • Paid-up Share Capital: ₹65,36,31,132 as of March 31, 2026 (65,36,31,132 equity shares of ₹1 each)
  • Stock Split: Subdivided equity shares from ₹10 face value to ₹1 face value through Postal Ballot dated August 20, 2025
  • Right Issues:
  • Allotted 4,85,78,025 Rights Equity Shares of ₹10 each on June 23, 2025
  • Allotted 10,30,80,182 Rights Equity Shares of ₹1 each (including premium of ₹2) on March 23, 2026

Material Changes Post March 31, 2026

  • Name Change: Changed from "Bluegod Entertainment Limited" to "Starbeam Ventures Limited" effective May 29, 2026
  • Object Clause Expansion: Expanded business objects to include sports, wellness, hospitality, agriculture, real estate, construction, and infrastructure
  • Management Changes:
  • Mr. Raman Raheja appointed as Additional Non-Executive Non-Independent Director (June 16, 2026)
  • Mrs. Ritu Tiwari appointed as Additional Non-Executive Independent Director (June 16, 2026)
  • Ms. Sweety Purohit resigned as Company Secretary & Compliance Officer (August 7, 2026)
  • Ms. Pratiksha Bhandari appointed as Company Secretary & Compliance Officer (August 17, 2026)
  • Registered Office Shift: Shifted to 41-42, 2nd Floor, PU4, Scheme No. 54, Vijay Nagar, Indore on August 17, 2026

Significant Business Developments

1. Assignment Agreement with Artment Films Limited for purchase of films "Pressure" and "Choranta" (June 14, 2025)

2. Production Agreement with Rajpal Naurang Yadav Ventures Pvt. Ltd. for feature film (June 19, 2025)

3. Brand Ambassador Agreement with Mr. Rajpal Naurang Yadav through Sudokoo Films Private Limited (August 6, 2025)

4. Joint Venture Agreement with Cinepolis India Pvt. Ltd. for distribution of film "JEEVAN BHEEMA YOJANA" (September 3, 2025)

5. Assignment Agreement with Omega Interactive Technologies Limited for theatrical and OTT rights of "Roti, Kapda Aur Internet" for ₹12,00,00,000

6. Film Production: "Jeevan Bheema Yojana" scheduled for theatrical release on September 4, 2026

Audit Qualifications (Statutory Auditors - M/s SDPM & Co.)

1. NBFC Registration Non-compliance: Company's financial assets constitute >50% of total assets and income from financial assets >50% of gross income, but no registration obtained under RBI Act, 1934

2. Unverified Balances: Outstanding unsecured loans, loans advanced, and trade advances subject to confirmation and supporting documents

3. Contravention of Section 73: Accepted loans from individuals in contravention of Companies Act, 2013

4. Unsecured Loans & Advances: Lack of balance confirmations or documentary evidence for existence, accuracy, and completeness

5. Trade Receivables: Outstanding for more than six months without adequate provision for recoverability

Secretarial Audit Comments (M/s Vishakha Agrawal & Associates)

1. NBFC registration non-compliance as noted by statutory auditors

2. Classification of business advances as loans in balance sheet

3. BSE imposed fine of ₹1,71,100 for delay in submission of financial results for quarter and year ended March 31, 2026

Board and Committee Meetings

  • Board Meetings: 16 meetings held during FY 2025-26 with 100% attendance by all directors
  • Audit Committee: 7 meetings held
  • Nomination and Remuneration Committee: 3 meetings held
  • Stakeholders Relationship Committee: 2 meetings held

AGM Details

  • 42nd AGM Date: September 26, 2026 at 3:00 PM through Video Conferencing/Other Audio-Visual Mode
  • Business Items:
  • Adoption of audited financial statements for FY 2025-26
  • Re-appointment of Ms. Afsana Mirose Kherani as Director retiring by rotation
  • Appointment of Mr. Raman Raheja as Non-Executive Non-Independent Director
  • Appointment of Mrs. Ritu Tiwari as Non-Executive Independent Director for 5 years

Dividend and Reserves

  • No dividend declared for FY 2025-26
  • No amount transferred to General Reserves

Related Party Transactions

  • Transactions with related parties disclosed in Note 3.5 of Financial Statements
  • No materially significant related party transactions of material nature

Regulatory Compliance Issues

  • BSE fine of ₹1,71,100 for delay in submission of financial results
  • Pending income tax demand of ₹150.72 lakhs for AY 2020-21
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013

Capital and Investments

  • Loans Given: Unsecured loans of ₹5,704.48 lakhs outstanding as of March 31, 2026
  • Investments: No significant investments in subsidiaries, associates, or joint ventures

Internal Financial Controls

Auditors reported inadequate internal financial controls system over financial reporting

Corporate Governance

Company claims compliance with SEBI Listing Regulations and Corporate Governance requirements

Certificate from Practicing Company Secretary on corporate governance compliance annexed

Risk Factors

1. Regulatory non-compliance with RBI NBFC registration requirements

2. Uncertainty regarding recoverability of trade receivables and unsecured loans

3. Pending income tax demand and potential liabilities

4. Internal financial control deficiencies

#Tags: #StarbeamVentures #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Neutral