Statement of Deviation & Variation
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Landmarc Leisure Corporation reported a net loss of Rs. 65.41 lakhs for FY2026, swinging from a profit of Rs. 25.47 lakhs in FY2025. Revenue declined to Rs. 35.65 lakhs from Rs. 115.47 lakhs the previous year. The auditors issued a modified (qualified) opinion due to: (1) Rs. 455.87 lakh interest-free loan without regularised documentation, (2) Rs. 2,218.28 lakh advance to SKM Real Infra under IBC resolution without provision for doubtful debts, (3) Rs. 1,500 lakh security deposit to SRUIL in liquidation, and (4) non-completion of actuarial valuation for gratuity. The company raised Rs. 19.98 crore via preferential issue in October 2025, allocated to Marathi movies content (Rs. 40 lakh), Hindi movies content (Rs. 30 lakh), music content (Rs. 40 lakh), working capital (Rs. 38.5 lakh), and general corporate purposes (Rs. 49.5 lakh). Negative other equity stands at Rs. 5,415.55 lakhs. The company has reported no deviation in fund utilisation.
The sharp swing to loss, qualified auditor opinion, and significant exposure to companies under insolvency proceedings (Rs. 3,718 lakhs) raise red flags for investors. The modified auditor opinion contradicts the company's own declaration, indicating potential governance concerns. Negative operating cash flow of Rs. 311.46 lakhs adds to the distress.