Sab Events & Governance Now Media Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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The company reported standalone revenue of ₹243.12 Lakhs for FY26, up from ₹173.88 Lakhs in FY25, representing approximately 40% revenue growth. However, the company continues to be loss-making, with net loss of ₹42.07 Lakhs for FY26 compared to a loss of ₹73.61 Lakhs in the prior year — a reduction in losses. The auditors issued a Qualified Opinion due to non-provision of ₹253.76 Lakhs of interest on an unsecured loan, which is understated in the books. More critically, the auditors highlighted a Material Uncertainty Relating to Going Concern, citing that current liabilities are 3.78 times current assets, the company cannot service its debt obligations, negative total equity of ₹241.33 Lakhs, and that the company has initiated a Pre-Packaged Insolvency Resolution Process (PPIRP) under IBC, 2016. The adjusted net worth after accounting for the audit qualification would be a negative ₹495.09 Lakhs.
This is an extremely high-risk announcement. The company is in a formal insolvency process, has negative equity, and auditors have flagged going concern doubts. Shareholders face potential total loss of investment as the PPIRP outcome is uncertain and liabilities exceed assets even after adjusting for the audit qualification.