Outcome of Board Meeting held on November 13, 2025
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, net sales rose sharply to ₹2,268 lakhs from ₹1,318 lakhs a year ago, but the company still posted a loss before tax of ₹2,197 lakhs (vs ₹4,359 lakhs YoY). On a consolidated basis, the picture worsened: net sales fell to ₹1,198 lakhs from ₹2,782 lakhs, total income plunged to ₹6,195 lakhs from ₹19,932 lakhs, and the company swung from a profit of ₹13,787 lakhs to a loss of ₹2,943 lakhs. The Board also proposed changing the company's name to 'Eros Media Technologies Limited' and will seek shareholder approval via postal ballot. The statutory auditor flagged a qualified conclusion on standalone results, did not express a conclusion on consolidated results, and highlighted a material uncertainty on going concern due to accumulated losses, eroded net worth, and defaults on statutory dues.
Shareholders face significant concerns: the auditor has raised a going-concern doubt, results are qualified (standalone) or inconclusive (consolidated), and the company remains under SEBI investigation and ED scrutiny. The proposed name change is cosmetic and does not address the underlying financial and regulatory issues, so the stock is likely to remain under pressure.