Digicontent Limited has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2026.
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Digicontent Limited's Board approved audited FY2026 results showing consolidated revenue of ₹48,873 Lakhs, up 10.4% YoY from ₹44,285 Lakhs. However, profit after tax dropped sharply to ₹81 Lakhs from ₹2,431 Lakhs in FY2025, primarily due to a ₹1,589 Lakhs exceptional item from new Labour Code implementation (gratuity and compensated absences). Without this one-time charge, underlying operations remained profitable. The standalone entity reported a loss of ₹1,018 Lakhs as it functions primarily as a holding company for subsidiary HT Digital Streams Limited. Auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also approved re-appointment of Independent Director Lloyd Mathias for another 5-year term from December 2026, and announced a KMP transition: Company Secretary Manu Chaudhary resigned effective May 31, 2026, to be replaced by Shubham Jain from June 1, 2026.
Revenue growth is positive, but the 97% decline in net profit due to the one-time labour code impact is concerning. The stock may face short-term pressure despite healthy operational revenue growth. The KMP changes appear routine with minimal market impact.