Outcome
RADAAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Radaan Mediaworks India Ltd held its Board meeting on 29th May 2026 and approved audited financial results for Q4 and full year ended 31st March 2026. Consolidated total income dropped significantly to Rs. 650.04 Lakhs from Rs. 2,288.04 Lakhs in the previous year. The company reported a consolidated loss before tax of Rs. 481.44 Lakhs compared to a profit of Rs. 28.93 Lakhs in FY2025. Total equity turned negative at Rs. 1,621.91 Lakhs as net worth has fully eroded. The auditors issued a qualified opinion citing material uncertainty about going concern due to liquidity crunch and unpaid statutory dues of Rs. 355.81 Lakhs. The board also re-appointed M/s V. Padmaja & Associates as internal auditors for FY2026-27. A property construction agreement was cancelled during the year, with Rs. 1,941.54 Lakhs received from the cancellation.
The company is in severe financial distress with negative net worth and liquidity issues. Auditors' qualified opinion and going concern warning indicate high risk for shareholders. The significant drop in revenue and large losses suggest operational challenges in the media and entertainment business.