Outcome of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved unaudited standalone financial results for Q2 and H1 FY26 ended September 30, 2025, along with related party transaction disclosures under SEBI LODR Reg 23(9). Revenue from operations collapsed to Rs. 2.30 lakhs in Q2 FY26 from Rs. 39.53 lakhs a year ago, and to Rs. 4.62 lakhs in H1 FY26 from Rs. 47.33 lakhs, driven mainly by the Motion Pictures segment drying up. The company swung to a net loss of Rs. 31.79 lakhs in Q2 (vs profit of Rs. 3.89 lakhs) and a wider H1 loss of Rs. 50.60 lakhs (vs Rs. 9.99 lakhs loss). Operating cash flow was negative at Rs. 56.95 lakhs, and other equity remains deeply negative at Rs. (5,147.78) lakhs. The statutory auditors gave an unmodified limited review opinion. The company is exiting Wellness and refocusing on Films, Media and TV; two major counterparties (SKM Real Infra and Shree Ram Urban Infra) are in IBC resolution, exposing deposits of Rs. 2,218 lakhs and Rs. 1,500 lakhs respectively.
Shareholders should note sharply deteriorating revenues, widening losses, negative operating cashflows, and a stressed balance sheet with two large counterparty exposures under IBC, though near-term liquidity has improved via a Rs. 19.98 crore share allotment. The unmodified auditor opinion provides some comfort, but the going-concern overhang from negative reserves and IBC-linked deposits remains a key risk for the stock.