Outcome of the Board meeting for the quarter ended on 30th June, 2025.
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, the company reported total income of Rs 134.85 lakhs but slipped back to a net loss of Rs 2.48 lakhs, compared to a profit of Rs 218.56 lakhs in Q4 FY25. Revenue from operations remains negligible at just Rs 1.14 lakhs, and the company has a deeply negative net worth of Rs 4,076.23 lakhs. On a consolidated basis, net worth is negative at Rs 6,340.17 lakhs, with a marginal net profit of Rs 1.71 lakhs. The statutory auditor issued a qualified opinion, flagging doubts over Rs 2,862.56 lakhs of film production inventory and the Rs 2,521.74 lakhs investment in subsidiary PVP Capital, whose NBFC registration was cancelled by the RBI and which has a negative net worth of Rs 608 lakhs. The auditor also raised a material uncertainty on going concern due to continuous losses, negative net worth, and non-payment of statutory dues. Additionally, M/s. D. Hanumanta Raju & Co. was appointed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
Despite a brief return to profit in the previous quarter, the company has slipped back into losses with razor-thin core revenue, deeply eroded net worth, and multiple auditor qualifications including a going-concern warning. Shareholders should treat this as a high-risk situation where asset values and the company's ability to continue operations are under serious question.