Outcome of the Board Meeting held on May 22, 2026 is enclosed.
NEXTMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Next Mediaworks Limited's Board approved audited financial results for Q4 and FY 2025-26 on May 22, 2026. The company reported a net loss of ₹528 lakhs for FY 2025-26, with zero revenue from operations as it has no active business. The company's net worth is fully eroded at negative ₹3,536 lakhs, with total equity standing at negative ₹10,225 lakhs. The auditors from S.R. Batliboi & Associates issued an unmodified opinion but included an Emphasis of Matter noting that management has assessed the company is no longer a going concern. This is because the company has no operations, no operating cash flows, and faces uncertainty regarding repayment of ₹3,892 lakhs in inter-corporate borrowings from Next Radio Limited, due in August 2027. An exceptional loss of ₹72 lakhs was recognized for GST credit impairment due to the going concern issue.
This is a highly negative development for shareholders. The company has no operating business, negative equity, and significant debt obligations. The going concern assumption being abandoned indicates severe financial distress and potential liquidation or restructuring ahead. The stock is essentially worthless from a fundamental perspective.