Outcome of Board Meeting-May 26, 2026
PNC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pritish Nandy Communications Ltd reported FY2025-26 results with revenue from operations growing 12% to Rs 3,765.74 lakh from Rs 3,358.42 lakh in the previous year. However, the company posted a significantly larger net loss of Rs 1,258.87 lakh compared to Rs 97.14 lakh loss in FY2024-25. The sharp increase in loss was primarily due to an exceptional item of Rs 1,756.09 lakh representing inventory (content) write-down after reassessment of net realisable value based on a licensing agreement with Shemaroo Enextainment Ltd. The statutory auditors issued an unmodified (clean) opinion but included an Emphasis of Matter highlighting the inventory write-down, partial recovery from White Feather Films (Rs 255 lakh received against Rs 317.53 lakh due), ongoing legal case for Rs 150 lakh recovery from Saboo Films, and excess director remuneration of Rs 93.12 lakh. The company reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee due to completion of Mr Raghu Palat's second term as Independent Director. The 33rd AGM is scheduled for September 28, 2026.
The company continues to burn cash with negative operating cash flow of Rs 615.89 lakh, raising concerns about financial sustainability despite the clean audit opinion. The large inventory write-down indicates significant write-off of content library value, though management states it has no continuing impact on regular operations.