With reference to the above cited subject, we would like to inform that the Board of Directors in their meeting held on 30th May, 2026 have inter alia approved the following matters: 1) ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Colorchips New Media Ltd approved the audited financial results for Q4 and the financial year ended March 31, 2026. Revenue for Q4 FY26 was Rs. 596.59 lakhs, a significant jump from Rs. 39.78 lakhs in Q4 FY25. However, the company reported an operating loss of Rs. 332.49 lakhs and net loss of Rs. 332.82 lakhs. EPS declined to -0.1990 per share from +5.8931 in the prior year. The statutory auditors, M/s Pavan & Associates, issued an Unmodified Opinion, confirming the financial statements give a true and fair view. The auditors noted that cash losses were incurred for both current year (Rs. 75 lakhs) and immediately preceding year (Rs. 914 lakhs). Additionally, the audit trail feature in the company's accounting software was not enabled during the year, which the auditors flagged as a compliance concern.
Despite massive revenue growth, the company continues to burn cash with significant losses, indicating operational challenges. The stock may face pressure due to persistent losses and negative EPS, though clean audit opinion provides some comfort on financial reporting integrity.