Appointment of Internal Auditor and Senior Management Personnel

Management Changes View source PDF Explain this filing

SAMBHAAV · price

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Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹6.85

prior close

₹7.14

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.6% vs market

Media peers, median of 18sector · industry level-0.0%+2.2% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.2 pts more than its Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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AI summary

Sambhaav Media's Board approved audited Q4 and FY2026 financial results (standalone net profit: Rs 6.93 lakh for Q4, Rs 44.40 lakh for FY; consolidated net profit: Rs 21.59 lakh for Q4, Rs 8.19 lakh for FY). The company appointed M/s. MBD & Co LLP as its new Internal Auditor for FY 2026-27, replacing the previous firm. Additionally, Mr. Nishant Gadhavi was appointed as Programming Head (Senior Management Personnel). Standalone revenue grew marginally to Rs 3,867.30 lakh from Rs 3,745.25 lakh, but net profit dropped significantly from Rs 146.91 lakh to Rs 44.40 lakh year-on-year. Statutory auditors issued unmodified opinions. The company also has one subsidiary (Ved Techno Serve) and one associate (Gujarat News Broadcaster).

Likely market impact

The appointment of a new internal auditor is routine; however, the significant profit decline (down ~70% standalone) may concern investors. The stock may see mild negative reaction due to lower earnings despite stable revenue growth.