Diligent Media Corporation Limited has informed the Exchange regarding Appointment of Ms Kusum Lata as Other of the company w.e.f. July 30, 2025.
DNAMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Diligent Media Corporation (DNAMEDIA) reported a sharp deterioration in Q1 FY26 results with a loss after tax of Rs. 188.60 lakhs versus a profit of Rs. 245.26 lakhs in the same quarter last year, as revenue from operations fell steeply to Rs. 78.67 lakhs from Rs. 296.30 lakhs. The Board appointed Mr. Chitresh Sehgal as the new Chief Executive Officer (KMP) effective August 1, 2025, and elevated two internal editors, Ms. Kusum Lata and Ms. Srishty Choudhury, to Senior Management. Mr. Ronak Jagdish Jatwala was recommended for re-appointment as a Non-Executive, Non-Independent Director subject to shareholder approval, and a material related party transaction with Indiadotcom Digital Private Limited was cleared for shareholder nod. The statutory auditor MGB & Co. LLP issued a limited review report with a modified opinion flagging uncertainty over recovery of Rs. 17,340.27 lakhs in inter-corporate deposits given to Veena Investments Private Limited, which is currently under arbitration. The company also flagged a material uncertainty on going concern, as accumulated losses have exceeded its paid-up capital and reserves.
Negative near-term sentiment likely — quarterly loss, steep revenue drop, modified auditor opinion, and ongoing arbitration over large ICDs/NCRPS raise concerns about asset quality and financial health, though a new CEO appointment and senior management changes could support a turnaround narrative. Shareholders should watch the AGM on August 26, 2025, for the VIPL arbitration outcome and the FY26 business plan execution.