Radaan Mediaworks India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 14, 2025.
RADAAN · price
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Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, along with a Limited Review Report, and appointed M/s. KRA & Associates as Secretarial Auditors for 5 years starting FY 2025-26. Standalone revenue came in at Rs. 230.07 lakhs, down from Rs. 279.69 lakhs in the same quarter last year, while the company reported a net loss of Rs. 155.39 lakhs versus Rs. 47.76 lakhs a year ago, with negative other equity of Rs. 2,191.35 lakhs. The statutory auditor, SRSV & Associates, issued a qualified conclusion flagging a material uncertainty over the company's ability to continue as a going concern, noting that net worth has fully eroded, current liabilities exceed current assets, and undisputed statutory dues of Rs. 352.80 lakhs remain unpaid.
This is a significant red flag for shareholders — the going-concern warning, fully eroded net worth, and a sharp widening of quarterly losses point to serious financial distress and could weigh negatively on the stock. The appointment of a new secretarial auditor is routine and unlikely to move the price.