Key Details

Annual General Meeting: 33rd AGM to be held on September 16, 2026, at 3:00 PM IST through Video Conferencing/Other Audio Visual Means.

Record Date: September 9, 2026

E-voting Period: September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)

Board of Directors

  • Mr. Bindiganavale Rangavasanth - Managing Director (DIN: 01763289)
  • Mrs. Anitha Vasanth - Executive Director (DIN: 01763255)
  • Mr. Muthuswamy Hariharan - Independent Director (DIN: 08497968)
  • Mr. Babu Reddy Srinivas Reddy - Independent Director (DIN: 11276910)

Key Managerial Personnel

  • Mr. Bindiganavale Rangavasanth - Managing Director
  • Mrs. Anitha Vasanth - Chief Financial Officer
  • Ms. Kanti Gajanana Hegde - Company Secretary & Compliance Officer

AGM Agenda

Ordinary Business

1. Adoption of Accounts: To receive, consider, approve and adopt Audited Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Re-appointment of Director: Re-appointment of Mrs. Anita Vasanth (DIN: 01763255) who retires by rotation

Special Business

3. Related Party Transactions: Approval for RPTs not on arm's length basis up to ₹20 crores annually with specified related parties:

  • S I Media LLP (Revenue Share on Screening Income)
  • Vasanth Color Laboratories Ltd.
  • Pyramid Entertainment (India) Private Limited (wholly owned subsidiary)
  • Visual Communication Services (Partnership Firm) - Advertisement and Screening Services
  • Kavita Communications (Proprietorship Firm) - Advertisement and Screening Services

4. Appointment of Secretarial Auditor: Appointment of CS S. Suresh, Practicing Company Secretary (M.No.68778, COP:25575) as Secretarial Auditor for five consecutive years from FY 2026-27 to FY 2030-31

Financial Performance Highlights (Standalone)

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) |

| Revenue from Operations | 89.12 | 320.36 |

| Expenses | 99.46 | 319.53 |

| Profit/(Loss) before Tax | (7.43) | 0.83 |

| Tax Expenses | (0.68) | (0.32) |

| Net Profit/(Loss) after Tax | (6.75) | 0.51 |

| Earnings Per Share (₹) | (0.10) | 0.001 |

Capital Structure

Authorized Share Capital: ₹15,00,00,000 (15,000,000 equity shares of ₹1 each)

Paid-up Share Capital: ₹7,89,20,455 (7,89,20,455 equity shares of ₹1 each)

Note: Difference of 80,96,795 shares between Issued/Listed Equity Share Capital (70,824,705 shares) and Paid-up Capital reflected in MCA records due to amount standing under "Forfeiture of Shares" arising from capital reduction pursuant to Court's Order.

Key Financial Ratios (Standalone)

| Ratio | FY 2025-26 | FY 2024-25 | Variance |

| Current Ratio (times) | 3.56 | 3.54 | 2.56% |

| Debt-Equity Ratio (times) | 0 | 0 | 0.00% |

| Return on Equity (%) | -0.004 | 0 | 0.00% |

| Trade Receivables Turnover (times) | 0.52 | 1.97 | -0.48% |

| Net Profit Ratio (%) | -0.08 | 0 | -1.08% |

Subsidiary Information

Pyramid Entertainment (India) Private Limited (99.8% owned)

  • Share Capital: ₹5.00 lakhs
  • Reserves & Surplus: (₹699.32 lakhs)
  • Loss before tax: (₹7.38 lakhs)
  • Loss after tax: (₹6.29 lakhs)

Auditor Reports

Statutory Auditors (M/s. Manoj Acharya Chartered Accountants)

  • Unqualified opinion on financial statements
  • Emphasis on matter: Balances reported as Trade Payable, Trade Receivables, Loans and Advances are subject to confirmation
  • Reported non-regular deposit of undisputed statutory dues: Service Tax ₹3,12,304 and TDS ₹2,60,750

Secretarial Auditors (CS S. Suresh)

Qualifications:

1. Paid-up share capital discrepancy between statutory records and MCA portal

2. Incomplete compliance by Independent Directors with Independent Directors' Databank requirements

3. Website not fully compliant with Regulation 46 of SEBI LODR

4. Physical shares held by promoters not converted to demat

Related Party Transactions

Transactions entered during FY 2025-26:

  • S I Media LLP: ₹58,57,525 (Advertisement and Screening)
  • Visual Communication Services: ₹89,12,397 (Revenue Share on Screening Income)
  • Reimbursement to Directors: Ranga Vasanth ₹1,80,000; Anitha Vasanth ₹1,20,600

Other Key Disclosures

  • Dividend: No dividend declared for the year
  • Deposits: No deposits accepted during the year
  • Internal Financial Controls: Adequate and operating effectively
  • CSR: Not applicable to the company
  • Sexual Harassment: No complaints received during the year
  • Insolvency: No proceedings under IBC 2016
  • Material Changes: No material changes affecting financial position post year-end

Compliance Status

  • Paid annual listing fees to BSE for FY 2025-26
  • Received order from Regional Director (SER) Hyderabad for non-compliance of section 134 of Companies Act, 2013 - penalty paid as instructed
  • Default in timely submission of SEBI statutory statements - basic fine payable ₹1,03,32,472 for period March 2014 to March 2024 (contingent liability, not provided for)

Business Review and Outlook

  • Company engaged in cinema exhibition and advertising film production
  • Plans to develop multiplexes and F&B stores, create unique brand name
  • Exploring opportunities in advertisement motion picture production
  • Focus on revamping compliance structure and upgrading digital presence

#Tags: #VisionCinemas #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Negative