Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Unaudited Financial Results

Date of Board Meeting / Approval: August 14, 2026 (commenced at 1630 Hrs, concluded at 1745 Hrs)

Audit Opinion: Limited Review Report - Clean opinion with emphasis of matter on going concern

Auditor's Comment: Material uncertainty exists regarding going concern due to accumulated losses and negative working capital

Key Financial Highlights [Rs. lakhs]

Standalone Results:

Revenue from Operations: ₹13,233 (Q1 FY27) vs ₹11,255 (Q1 FY26) vs ₹14,152 (Q4 FY26)

Total Income: ₹13,439 (Q1 FY27)

Net Profit: ₹(882) loss (Q1 FY27) vs ₹(662) loss (Q1 FY26) vs ₹1,693 profit (FY26)

EPS: (₹0.14) basic and diluted (Q1 FY27)

Other Equity: ₹6,554 (Q1 FY27)

Breakdown of Expenses:

  • Operating costs: ₹2,495
  • Employee benefits expense: ₹4,661
  • Finance costs: ₹495
  • Depreciation and amortisation: ₹2,091
  • Other expenses: ₹4,574

Total Expenses: ₹14,316

Consolidated Results:

Revenue from Operations: ₹19,085 (Q1 FY27) vs ₹15,778 (Q1 FY26) vs ₹18,236 (Q4 FY26)

Total Income: ₹19,251 (Q1 FY27)

Net Profit: ₹(1,212) loss (Q1 FY27) vs ₹(881) loss (Q1 FY26) vs ₹190 profit (FY26)

Breakdown of Expenses:

  • Operating costs: ₹5,119
  • Employee benefits expense: ₹6,637
  • Finance costs: ₹509
  • Depreciation and amortisation: ₹2,608
  • Other expenses: ₹5,703

Total Expenses: ₹20,576

Segment-wise Performance:

The Company has only one identifiable business segment: News Publishing and Broadcasting Business

Corporate Actions:

FCCB Issuance:

  • Board approved raising up to USD 465,90,000 via 5% coupon, unsecured, unlisted FCCBs with 10-year maturity
  • Conversion price fixed at ₹13.50 per equity share
  • Subsequent to quarter end, allotted 3,960 FCCBs of US$1,000 each to one investor on July 30, 2026

Warrant Activities:

  • Allotted 14,00,00,000 fully convertible warrants on preferential basis for ₹11,900 lakhs to three FPIs on June 25, 2026
  • Received 25% warrant subscription price of ₹2,975 lakhs
  • On June 30, 2026, one warrant holder converted 3,00,00,000 warrants into equity shares at ₹8.50 per share
  • Cancelled 13,33,33,333 warrants from November 2024 issue due to FPIs' unwillingness to exercise conversion
  • 135,000,000 warrants issued to promoter group entity in January 2022 remain subject to court status quo orders

Other Significant Information:

Going Concern Assessment:

  • Company incurred loss of ₹882 lakhs in Q1 FY26, has significant accumulated losses and negative working capital
  • Met all debt and interest obligations to lenders
  • Implementing cost rationalization measures and new revenue generation strategies
  • Had profit of ₹1,693 lakhs for FY26 and positive net worth
  • Business plan aims to secure higher revenues and improve operational cash flows
  • Capital infusion from FCCBs, warrant conversions expected to help settle liabilities

Revenue Streams:

  • Recognized revenue from licensing of content archives of ₹8,019 lakhs during FY26
  • Exploring new sustainable revenue streams including new brand and IP properties

Impairment:

  • One subsidiary recognized goodwill impairment loss of ₹479 lakhs during FY26

Auditor Information:

  • Statutory Auditors: Ford Rhodes Parks & Co. LLP
  • Limited review conducted for quarterly results
  • Emphasis of matter on going concern uncertainty