Intimation of expected delay in submission of Financial Results for the Half year ended September 30, 2024, and Quarter ended December 31, 2024, and Quarter and year ended March 31, 2025, ....
Awaiting price reaction for this filing.
Eros International Media has informed the stock exchanges that it will not be able to submit its financial results on time for three periods — half year ended September 30, 2024, quarter ended December 31, 2024, and quarter and year ended March 31, 2025. The company blames technical difficulties with its financial accounting system, which it says have now been resolved. Notably, the June 2024 quarter results were only finalised and published on May 14, 2025, indicating the company is already significantly behind on its reporting. Audit work for the subsequent periods is currently ongoing. The company has requested an extension beyond the May 30, 2025 deadline to hold its board meeting and file the pending results.
This is a serious red flag for investors — a company missing results for multiple consecutive quarters and the full year often signals underlying financial or operational distress, and it exposes the company to potential SEBI action and further stock price weakness. Shareholders should watch closely for the actual numbers once filed, as prolonged non-disclosure erodes transparency and trust.