Date and Nature of Exchange Query
The National Stock Exchange of India Limited (NSE) raised queries via email dated 4th June 2026 regarding deficiencies observed in the Outcome of Board Meeting – Financial Results for the quarter and year ended 31st March 2026. The company submitted its clarification response on 11th June 2026.
Company's Clarification on Trading Volume and Financial Results
The company addressed four specific queries from the NSE:
1. Segment Details Not Submitted: The company clarified it operates in a single business segment (Media and Entertainment) and therefore segment reporting as required under Ind AS 108 is not applicable. They added Note no 5 in revised financial results stating this position.
2. Financial Results Format Non-Compliance: The company revised notes to include Note No 4 clarifying that figures for Q4 March 2026 are balancing figures between audited full-year figures and published YTD figures up to Q3 December 2025.
3. Machine Readable Format Issue: The company resubmitted Financial Results in machine-readable and legible format as prescribed.
4. Audit Qualification Statement Format: The company submitted revised Statement of Impact of Audit Qualifications duly signed by all requisite signatories including Audit Committee Chairman and Statutory Auditor in compliance with Regulation 33 of SEBI LODR Regulations.
The company attributed these deficiencies to "inadvertent omissions and clerical oversights" during compilation and submission process, stating they had no impact on financial results, auditor's report, financial position, or performance.
Details of Financial Results Clarification
The audited financial results for year ended 31st March 2026 show:
- Total Income: Rs 2987.46 lakhs (Previous Year: Rs 2128.73 lakhs)
- Net Profit: Rs 296.83 lakhs (Previous Year: Rs 71.34 lakhs)
- Earnings Per Share: Rs 0.09 (Previous Year: Rs 0.02)
- Total Assets: Rs 35,941.33 lakhs
- Total Liabilities: Rs 4,445.13 lakhs
- Net Worth: Rs 31,496.20 lakhs
The auditor issued a qualified opinion with following basis:
- Gratuity payable of Rs 16.02 lakhs transferred to unsecured loans from directors with shares allotted against this amount
- Balances of trade receivables, fixed deposits, other current assets, bank overdrafts, term loans, bank balances, advances to vendors, trade payables and other current liabilities not confirmed (impact not ascertainable)
- Suppliers balances subject to confirmation, reconciliation and adjustment (impact on profit not ascertainable)
- Unexplained cash withdrawals of Rs 42.25 lakhs during the year and inoperative accounts of Rs 1.06 lakhs without confirmation
The overall impact of these qualifications on Statement of Profit and Loss and Balance Sheet could not be ascertained.