Reply for clarification required for financial results submitted for 30th September 2025
RADAAN · price
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Radaan Mediaworks has replied to NSE/BSE clarifications on its Q2/H1 FY26 results, explaining that standalone and consolidated figures are identical because its subsidiary had no operations during the period. The auditor (SRSV & Associates) issued a qualified conclusion, flagging material uncertainty on the company's ability to continue as a going concern: net worth is fully eroded, current liabilities (Rs. 1,910.32 lakhs) far exceed current assets (Rs. 393.41 lakhs), and undisputed statutory dues of Rs. 343.02 lakhs remain unpaid. The company's revenue from operations fell sharply to Rs. 211.35 lakhs in H1 FY26 from Rs. 342.00 lakhs in H1 FY25, and it reported a loss before tax of Rs. 308.04 lakhs versus a small profit earlier. Operating cash flow was deeply negative at Rs. (289.56) lakhs, and the subsidiary's investment was not tested for impairment as required under Ind AS 36.
This is a serious red flag for shareholders — the auditor has flagged going-concern doubts due to fully eroded net worth, unpaid statutory dues, and a liquidity crunch, raising significant risk of further share price weakness and potential compliance/delisting actions.