Announcement under Regulation 30 (LODR)
Awaiting price reaction for this filing.
Eros International Media Ltd reported severely deteriorating financials for FY2026. Standalone total income collapsed to Rs 5,163 Lakhs from Rs 15,894 Lakhs in FY2025, with net loss ballooning to Rs 10,186 Lakhs from Rs 1,013 Lakhs previously. Net worth has been fully eroded at negative Rs 49,002 Lakhs. Auditors issued a Qualified Opinion on standalone accounts due to long overdue intercompany receivables of Rs 28,438 Lakhs (net of provisions) from group entities including Eros Worldwide FZE, Eros International UK, and Eros International USA, and ongoing SEBI investigation into content advances of Rs 1,01,601 Lakhs. Consolidated accounts received a Disclaimer of Opinion as one subsidiary could not be consolidated due to non-availability of financials. The auditors flagged material uncertainty regarding the company's ability to continue as a going concern. The company also appointed new internal, secretarial, and transfer pricing auditors.
This is a highly distressed result. The company's financial position is critical with negative net worth, massive operating losses, and qualified/disclaimer audit opinions. Shareholders face extreme risk as the company fights for survival while under SEBI investigation.