Please find attached outcome of Board Meeting held on October 10, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.5 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited financial results for Q2 FY26 (ended September 30, 2025). Revenue from operations was Rs. 59.86 lakhs for the quarter (vs Rs. 60.36 lakhs in Q2 FY25) and Rs. 120.77 lakhs for H1 FY26 (vs Rs. 120.45 lakhs in H1 FY25), essentially flat. The company reported a consolidated net loss of Rs. 1.65 lakhs in Q2 FY26 (vs Rs. 5.67 lakhs loss a year ago) and Rs. 2.42 lakhs for H1 FY26 (vs Rs. 14.61 lakhs loss in H1 FY25), showing a sharp narrowing of losses driven mainly by lower employee costs and other expenses. EPS stood at Rs. (0.02) for Q2 FY26 vs Rs. (0.07) in Q2 FY25. Other Equity remains deeply negative at Rs. (632.83) lakhs consolidated. The auditor issued an unmodified review report. A major contingent liability of Rs. 4,130.38 lakhs from DoT license fee show-cause-cum-demand notices for FY06 to FY14 continues to be disclosed without any provision.
Cost cuts are clearly improving the bottom line, with losses narrowing sharply and operating cash flows turning positive, which is positive for shareholders. However, the company remains loss-making with negative net worth and carries a massive Rs. 4,130+ lakh contingent DoT demand (over 5x its equity base) — a significant unresolved overhang that could weigh on sentiment.