Change in management - Appointment of Secretarial Auditor & Internal Auditor
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The board of Picturehouse Media Ltd approved audited financial results (consolidated and standalone) for the financial year ending March 31, 2025 at its meeting on May 29, 2025. The board appointed M/s D Hanumanta Raju & Associates as Secretarial Auditor for FY 24-25 and Phanindra & Associates as Internal Auditor for FY 25-26, each for a one-year term. The company also submitted its Large Corporate disclosure showing outstanding qualified borrowings of Rs. 100.60 Cr at the start of the year rising to Rs. 102.41 Cr by year-end. No credit rating or incremental borrowing details were disclosed.
These are routine annual auditor appointments required for regulatory compliance with no material change to operations or governance. The marginal increase in borrowings (around 1.8%) is minor and unlikely to move the stock price.