Approval of Annual Audited Financial Results of the Company for the fourth quarter and Financial Year ended March 31, 2026

Diligent Media Corporation reported a net loss of Rs 2,372.37 lakh for Q4 FY26 and Rs 3,063.46 lakh for the full year FY26, a sharp reversal from net profit of Rs 13,618.85 lakh in FY25. Total income fell to Rs 706.38 lakh from Rs 260,211 lakh (FY25), a decline of approximately 51%. The auditors from MGB & Co. LLP issued a Qualified Opinion due to uncertainty around inter-corporate deposits (ICDs) of Rs 17,340.27 lakh given to Veena Investments Private Limited (VIPL) and the company's failure to perform an impairment assessment under Ind AS 109. The company has negative net worth of Rs 25,259.50 lakh, negative other equity of Rs 26,436.58 lakh, and has reversed deferred tax assets of Rs 651.44 lakh due to uncertainty over future taxable income. A material uncertainty exists regarding the company's ability to continue as a going concern. Additionally, a GST demand of Rs 6,856.37 lakh is disputed in court, and the company has filed a settlement application with SEBI for a show cause notice. The board also approved the appointment of Mr. Priyadarshan Garg as CEO from June 1, 2026.