Date and Nature of Exchange Query

Diligent Media Corporation Limited received a communication from the Listing Compliance Department of the National Stock Exchange of India Limited dated June 25, 2026. The exchange sought clarification regarding deficiencies observed in the financial results submission dated May 28, 2026.

Company's Clarification on Trading Volume and Financial Results

While the document does not specifically address trading volume discrepancies, it focuses on a deficiency related to the Statement of Impact of Audit Qualifications. The exchange noted that the submitted statement "is not in the format prescribed by SEBI - Not signed by MD."

Regulatory Compliance Reference

The company explicitly references compliance with SEBI regulations regarding the format of the Statement of Impact of Audit Qualifications. This falls under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements for disclosure of material events.

Details of Financial Results Clarification

The company clarifies that:

  • The Board of Directors meeting held on May 28, 2026 approved the Annual Audited Financial Results for Q4 and FY ended March 31, 2026
  • Statutory Auditors had issued a modified opinion on the financial statements
  • The Company submitted the Statement of Impact of Audit Qualifications in the SEBI-prescribed format
  • The absence of CEO/MD signature was because the company had no CEO or Managing Director as of May 28, 2026

Board Composition and Key Managerial Personnel (as of May 28, 2026)

Board of Directors:

  • Mr. Nagendra Bhandari - Whole-Time Director (Executive Director Finance)
  • Mr. Amit Singhal - Independent Director and Chairman of the Audit Committee
  • Mrs. Garima Bharadwaj - Independent Director
  • Mr. Prakash Vaghela - Independent Director
  • Mr. Ronak Jatwala - Non-Executive, Non-Independent Director
  • Mr. Mukesh Jindal - Non-Executive, Non-Independent Director

Key Managerial Personnel:

  • Mr. Nagendra Bhandari - Chief Executive Officer
  • Ms. Jyoti Upadhyay - Company Secretary

The company asserts that all required signatures were obtained from applicable officials as per the prescribed format requirements.

Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, Audit Qualifications, Board Composition