Eros International Media Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
Awaiting price reaction for this filing.
Eros International Media's board approved its Q3 and 9M FY26 results, showing a standalone net loss of ₹354 lakhs in Q3 and ₹3,953 lakhs for 9M FY26, with revenue from operations of just ₹99 lakhs in Q3 and ₹387 lakhs for 9M. On a consolidated basis, the loss before tax was ₹5,610 lakhs for 9M, with revenue of only ₹235 lakhs for 9M FY26 versus ₹5,124 lakhs a year ago — a steep decline. The statutory auditor flagged a material going-concern uncertainty, noting the company's net worth is fully eroded and it has defaulted on statutory dues. Long-overdue trade receivables of about ₹26,928 lakhs from related group entities (Eros Worldwide FZE, Eros International UK, Eros International USA) remain under stress, with total provisions of about ₹26,927 lakhs made. SEBI's ongoing investigation (related to content advances of ₹1,01,601 lakhs) and a past Enforcement Directorate search under FEMA continue to overhang the company.
Very negative for shareholders — the auditor has raised a going-concern doubt, the company is loss-making with a fully eroded net worth, revenues are collapsing, and regulatory/legal issues (SEBI and ED) remain unresolved. The stock is likely to face continued pressure, and the going-concern qualification signals serious financial distress.