Appointment of MZ & Associates, Firm of Company Secretaries in Practice, (Firm Registration Number P2014DE040000), who is peer-reviewed and holds a valid Peer Review Certificate issued ....
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Media Matrix Worldwide Ltd's board, at its May 29, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025 on both standalone and consolidated basis, with auditors M/s SGN & Co issuing an unmodified opinion. On a standalone basis, net profit rose to Rs 215.76 lakhs in FY25 from Rs 128.53 lakhs in FY24, though revenue stayed nearly flat at around Rs 306 lakhs. On a consolidated basis, total revenue from operations jumped to Rs 1,88,702 lakhs from Rs 1,41,530 lakhs, but net profit fell to Rs 444.95 lakhs from Rs 704.10 lakhs. The company also booked a large other comprehensive loss of Rs 15,701 lakhs on a consolidated basis, mainly due to fair value changes in investments held by subsidiary nexG Devices. The board appointed MZ & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval.
Mixed signals for shareholders — standalone profitability improved, but consolidated results were weakened by mark-to-market losses on subsidiary investments, pushing other equity into negative territory. The auditor appointment is routine and should not materially affect the stock.