In accordance with Regulations 30 and 33 of the SEBI Listing Regulations read with Schedule III, we hereby inform you that the Board of Directors of the Company at its Meeting held today, ....
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for Q4 FY25 and FY25 on May 29, 2025. Standalone total income fell sharply to Rs. 20.92 lakhs in FY25 from Rs. 47.37 lakhs in FY24, with a net loss of Rs. 60.72 lakhs (vs Rs. 34.37 lakhs loss in FY24). Consolidated loss for FY25 stood at Rs. 133.06 lakhs, improved from Rs. 195.45 lakhs in FY24, though Q4 alone posted a Rs. 43.34 lakh loss. The statutory auditor (Gupta Rustagi & Co.) issued a qualified opinion on the standalone results, citing material uncertainty over the going concern status, pending Supreme Court OFCD matter involving Rs. 69.4 crore, stuck content advances of Rs. 19.16 crore, unconfirmed bank balances, and non-impairment testing of subsidiary investment.
Highly negative for shareholders — the auditor flagged serious going concern doubts, the company's shares remain suspended from trading by SEBI, and revenue shrank over 55% with widening losses. Investors face significant risk given operational stress, pending regulatory action, and unresolved legacy Sahara Group OFCD litigation.