Unaudited Financial Results for the quarter ended June 30, 2025 along with the Limited Review Report of statutory auditors, is enclosed herewith.
INFOMEDIA · price
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Infomedia Press Limited reported nil operating income from continuing operations for Q1FY26, with total expenses of about Rs. 73.78 lakh (mainly finance costs of Rs. 73.71 lakh), leading to a loss of Rs. 73.78 lakh from continuing operations and an additional Rs. 29.03 lakh loss from discontinued operations, totalling a net loss of Rs. 102.81 lakh for the quarter. The company's accumulated losses stand at approximately Rs. 11,089.89 lakh, resulting in a negative net worth. The statutory auditor (Chaturvedi & Shah LLP) flagged a material uncertainty related to going concern, noting the company's discontinued status and dependence on a support letter from its holding company, Network18 Media & Investments Limited. Management is evaluating new business lines to revive the company.
The going-concern flag and persistent losses with negative net worth suggest severe financial stress, but the holding company's support letter provides some reassurance to shareholders. Investors should note the company's operations remain dormant and future performance depends on the success of any new business plan.