Intimation of expected delay in submission of Financial Results for the Quarter ended December 2024, Quarter and year ended March 31, 2025 and Quarter ended June 2025, and request for extension ....
Awaiting price reaction for this filing.
Eros International Media has informed BSE and NSE that it will not meet the SEBI-mandated deadline (45 days for quarterly results, 60 days for annual results) for submitting financial results for three periods: Q3 FY25 (Dec 2024), Q4 & full year FY25 (March 2025), and Q1 FY26 (June 2025). The company blames technical difficulties with its financial accounting system, which it says are now resolved. As context, the company only just published its Q2 FY25 (Sept 2024) results on July 31, 2025, indicating it is already running significantly behind on its reporting cycle. Audit work for the pending periods is currently underway and results will be filed once completed. The company has also requested an extension to hold its Board Meeting beyond the original August 14, 2025 deadline.
Negative for shareholders — significant delays in financial reporting reduce transparency and raise governance concerns. This could invite SEBI scrutiny or penalties, and may weigh on the stock price given the company's already-troubled financial position and history of compliance issues.