as attached
Awaiting price reaction for this filing.
Sanguine Media Ltd has sent out notice for its 30th AGM scheduled for Monday, 29th September 2025 at 10:00 AM at Hotel Shiva Sagar, Chennai. The agenda includes adoption of FY25 audited financials, re-appointment of Mr. Sanjay Sunderlal Meena (Executive Director) by rotation, and approval of statutory and secretarial auditor appointments. M/s. K. S. Subrahmanyam & Co is being appointed as Statutory Auditor for a 5-year term (till 35th AGM), filling the casual vacancy caused by the resignation of M/s. Mohandas & Co in November 2024 due to an ICAI order. Mr. Chirag Jain of JCA & Co is proposed as Secretarial Auditor for 5 years from FY 2025-26 to FY 2029-30 at a proposed fee of Rs. 50,000. The company's financials are weak — revenue declined to Rs. 12.25 Lakhs in FY25 from Rs. 18.10 Lakhs in FY24, with a loss before tax of Rs. 15.98 Lakhs. No dividend has been recommended, and the paid-up equity capital stands at Rs. 11.41 crores. The Directors' Report and Secretarial Audit flag serious compliance concerns: the company is suspended from BSE trading due to non-payment of annual listing fees, has not filed annual returns with ROC Chennai for 3 consecutive years, has no Company Secretary or CFO, board composition does not meet SEBI LODR norms, and unpaid BSE penalties remain unresolved.
For shareholders, this filing reveals a deeply distressed company with multiple regulatory non-compliances, an active BSE trading suspension, persistent losses, and weak revenue. Investors should treat this as a high-risk, low-liquidity situation with material governance deficiencies that may further weigh on the stock and restrict trading activity.