AUTIED FINANCIAL RESULTS FOR 4TH QUARTER AND YEAR ENDED 31/03/2025 AND OTHER BUSINESS TRANSACTED ATTACHED

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹3.96

prior close

₹4.14

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+0.7% vs market

Hotels & Resorts peers, median of 52sector+0.2%+0.8% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.8 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 52Pending

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AI summary

Khyati Multimedia Entertainment's board met on 28 May 2025 and approved audited financial results for Q4 and the full year ended 31 March 2025 on a standalone IND AS basis. The board also appointed M/s. Khandar and Co. as internal financial auditor for FY26 and M/s. Kamlesh M Shah & Co. as secretarial auditor for a five-year term (FY26–FY30). Importantly, statutory auditor MAAK and Associates issued a Qualified Opinion with three observations: (1) loans and advances given by the company that may become doubtful of recovery and require write-off, (2) revenue from a Polo Championship event organised in a league format that was not covered under the company's existing Memorandum of Association, and (3) inability to verify the accuracy and timing of Polo Championship revenue recognition under Ind AS 115 due to absence of written agreements with sponsors, franchisees, and broadcasters. The balance sheet shows cash and equivalents plunging from about Rs 47.11 lakh (FY24) to Rs 2.50 lakh (FY25), indicating severe liquidity pressure. The company was compelled to increase borrowings during the year to manage cash flows.

Likely market impact

The qualified auditor opinion is a red flag — it signals governance and revenue-quality concerns, particularly around the new Polo Championship business that was carried out without proper charter amendments or written contracts. Shareholders should view this as a cautionary development; the drastic drop in cash and rising borrowings point to possible liquidity stress that may weigh on the stock.