Diligent Media Corporation Limited has informed the Exchange regarding Appointment of Ms Srishty Choudhury as Other of the company w.e.f. July 30, 2025.
DNAMEDIA · price
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Diligent Media Corporation (DNA media) reported weak Q1 FY26 results with revenue from operations falling sharply to Rs. 78.67 lakhs from Rs. 296.30 lakhs a year ago, swinging to a loss after tax of Rs. 188.60 lakhs versus a profit of Rs. 245.26 lakhs earlier. The company's accumulated losses have exceeded its paid-up capital, and auditors flagged a material going concern uncertainty along with a modified opinion due to Rs. 17,340.27 lakhs in inter-corporate deposits given to Veena Investments, which is currently under arbitration. The board appointed Mr. Chitresh Sehgal as the new CEO effective August 1, 2025, and elevated Ms. Kusum Lata and Ms. Srishty Choudhury to Senior Management Personnel. It also approved material related party transactions with Indiadotcom Digital Private Limited and recommended the re-appointment of Mr. Ronak Jatwala as Non-Executive Director at the AGM on August 26, 2025.
Sharp revenue decline and a return to losses, combined with a going concern warning and ongoing arbitration over large ICDs, are significant negative signals for shareholders. The new CEO appointment and senior management restructuring could help stabilize operations, but the financial position remains fragile with deeply negative other equity of Rs. 25,553 lakhs.