INTEGRATED FILING (FINANCIAL) AUDITED FINANCIAL RESULT FOR THE 4TH QUARTER AND YEAR ENDED 31/03/2025 ATTACHED
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Khyati Multimedia Entertainment Ltd submitted its audited financial results for Q4 and full year ended 31st March 2025 on 28th May 2025. The company operates in a single segment, focusing on sports entertainment through a Polo Championship event held during the year. The statutory auditors (MAAK and Associates) issued a Qualified Opinion, flagging three concerns: (1) a repetitive observation about recoverability of loans and advances given, which may need to be written off if not recovered; (2) first-time observation that the company organized the Polo event without amending its Memorandum of Association (MoA) to include sports/event management activities; and (3) first-time observation under Ind AS 115, where lack of written franchisee/sponsor agreements made it impossible to verify accurate revenue recognition. The company has no secured creditors and reported no related party transactions during the second half of FY25.
Shareholders should note the qualified audit opinion, particularly the risk that certain loans and advances could be written off if recovery fails, which would increase losses. Revenue from the new Polo event remains uncertain due to lack of formal contracts, raising questions about the sustainability and proper accounting of this new business line.