The Board of Directors of Thinkink Picturez Limited held a meeting on May 29, 2026, from 6:00 PM to 7:00 PM, where they approved and took on record the Audited Financial Results for the quarter and year ended March 31, 2026, prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Audit Opinion Disclaimer

The statutory auditors, M/S Chandabhoy & Jassoobhoy (Frn No.- 101648W), issued an Audit Report with a modified opinion - specifically a Disclaimer of Opinion - on the Standalone Financial Results for the year ended March 31, 2026. The auditors explicitly state they do not express an opinion on whether the financial results give a true and fair view in conformity with Indian Accounting Standards (Ind AS).

Basis for Disclaimer Opinion

The disclaimer stems from the auditors' inability to obtain sufficient and appropriate audit evidence across multiple critical areas:

1. Sales, Purchases, and Inventory Valuation: Adequate supporting documentation relating to sales, purchases, inventory valuation, and third-party balance confirmations for trade receivables and payables were not provided.

2. Unsecured Loans: The company has unsecured loans where management has not charged interest, and relevant loan agreements are unavailable. Confirmations for remaining balances were not obtained, preventing verification of balance accuracy and interest-free status, potentially impacting liability presentation and interest expenses.

3. Trade Payables and MSME Classification: Significant trade payables lack bifurcation between Micro, Small, and Medium Enterprises (MSME) and other creditors, constituting non-compliance with the MSMED Act, 2006. Advances paid to suppliers also remain unconfirmed, raising concerns about liability reliability and completeness.

4. Fixed Assets Register: The Company has not maintained a Fixed Assets Register containing particulars of Property, Plant and Equipment, preventing verification of asset completeness, existence, and status.

5. Bank Balances: Management did not provide relevant bank statements and bank reconciliation statements for verification, preventing confirmation of cash and bank balances (₹31.63 lakh as of March 31, 2026).

6. Inventory Existence and Storage: While inventory is reported (₹2,375.73 lakh), no supporting evidence was provided to establish ownership/lease arrangements for storage premises (godown, warehouse), nor was physical verification permitted. The existence, condition, and location of inventory could not be verified.

7. GST Receivable: Management did not provide relevant GST returns, reconciliations, and supporting documents for verification of the GST receivable balance.

8. Income Tax Paid: Management did not provide relevant challans, income tax records, and reconciliations for verification of the income tax paid balance.

9. TDS Receivable: Management did not provide relevant TDS certificates, reconciliations, and supporting documents for verification of the TDS receivable balance.

10. Deferred Tax: The Company did not recognize any Deferred Tax Asset or Liability, as management represented no timing differences existed requiring recognition.

11. Contingent Liabilities: The Company neither disclosed contingent liabilities with related details nor provided supporting information. No provision was created for liabilities crystallized during the year.

Financial Results Highlights (Amounts in ₹ Lakhs, unless stated otherwise)

For the Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹247.75
  • Other Income: ₹130.00
  • Total Revenue: ₹377.75
  • Total Expenses: ₹203.83
  • Profit Before Tax: ₹173.92
  • Tax Expense: ₹38.11 (Current Tax: ₹34.16, Earlier Tax: ₹2.00, Deferred Tax: ₹1.95)
  • Profit/(Loss) for the period: ₹135.81 (Profit)
  • Basic & Diluted EPS (₹): 0.03

For the Quarter Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹2.25
  • Other Income: ₹130.00
  • Total Revenue: ₹132.25
  • Total Expenses: ₹93.97
  • Profit Before Tax: ₹38.28
  • Tax Expense: ₹0.02 (Current Tax)
  • Profit/(Loss) for the period: ₹38.26 (Profit)
  • Basic & Diluted EPS (₹): 0.01

Comparative Figures (Year Ended March 31, 2025 - Audited):

  • Revenue from Operations: ₹898.75
  • Other Income: ₹130.00
  • Total Revenue: ₹1,028.75
  • Total Expenses: ₹1,035.80
  • Profit/(Loss) Before Tax: (₹7.05) (Loss)
  • Tax Expense: ₹2.41 (Current Tax: ₹4.00, Deferred Tax: (₹1.59))
  • Profit/(Loss) for the period: (₹9.46) (Loss)
  • Basic & Diluted EPS (₹): (0.01)

Balance Sheet Snapshot (as at March 31, 2026)

  • Total Assets: ₹16,264.41 Lakhs
  • Total Equity: ₹15,251.21 Lakhs (Equity Share Capital: ₹4,740.48 Lakhs, Other Equity: ₹10,510.73 Lakhs)
  • Total Liabilities: ₹1,013.20 Lakhs
  • Significant assets include Film Rights (₹2,356.56 Lakhs), Investments (₹1,500.00 Lakhs), Other Financial Assets (₹1,980.00 Lakhs), Inventory (₹2,375.73 Lakhs), and Other Current Assets (₹6,701.27 Lakhs).

Management's Response to Audit Qualifications

Management provided a view on the impact of the audit qualifications in the prescribed statement:

  • They asserted that the issues leading to the disclaimer opinion are "regards to just non accessibility of the documents for time being."
  • They stated that this non-accessibility "does not have any impact on financial results."

Other Information

  • The financial results were reviewed by the Audit Committee and approved by the Board on May 29, 2026.
  • The results were prepared according to Indian Accounting Standards (Ind AS) and SEBI LODR Regulations.
  • The company has only one reportable business and geographic segment.
  • Paid-up equity share capital stands at ₹4,740.48 Lakhs (face value ₹1 per share).