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 of Sahara One Media & Entertainment approved un-audited financial results for Q1 FY26 on August 14, 2025. The company reported negligible revenue of Rs 0.13 lakhs on a consolidated basis, sharply down from Rs 20.08 lakhs in the same quarter last year, and a net loss of Rs 38.14 lakhs (standalone loss of Rs 15.52 lakhs). The statutory auditor (Gupta Rustagi & Co.) was unable to obtain sufficient evidence to form any conclusion on the numbers and flagged a material uncertainty over the going concern status of the company. The auditor highlighted that the company lacks funds to pay creditors, has long-pending receivables, stuck content advances, a frozen YouTube revenue stream where earnings were allegedly fraudulently diverted, and that its shares are already suspended from trading due to SEBI penalties. A long-pending Supreme Court matter involving Rs 694 crore in deposits linked to Sahara group's OFCD refunds also remains unresolved.
This is a deeply negative filing for shareholders. The company is effectively financially distressed with near-zero revenue, continuous losses, a formal going-concern doubt, and shares already suspended from trading. There is a real risk of further SEBI action including freezing of promoter demat accounts, and the true losses are likely understated because the company has not tested its subsidiary investment for impairment.