Sambhaav Media Limited has informed the Exchange regarding Change in Auditors of the company.
SAMBHAAV · price
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Sambhaav Media Limited's Board meeting on May 20, 2026 approved the audited standalone and consolidated financial results for Q4 and full year ended March 31, 2026. Standalone revenue grew 3.3% to Rs 3,867.30 Lakhs, but net profit dropped significantly to Rs 44.40 Lakhs from Rs 146.91 Lakhs in the prior year. The company appointed M/s. MBD & Co LLP as Internal Auditor for FY 2026-27 and Mr. Nishant Gadhavi as Programming Head (Senior Management Personnel). The statutory auditor remains Dhirubhai Shah & Co LLP, which issued an unmodified opinion. The company also disclosed ongoing income tax matters including an assessment order for AY 2018-19 with tax liability of Rs 43.22 Lakhs and a recent appellate order partly allowing appeals for AY 2021-22 and 2022-23.
The sharp decline in standalone net profit (down 70% YoY) despite modest revenue growth indicates pressure on margins. The unchanged statutory auditor and appointment of an internal auditor suggests routine governance. Ongoing tax litigation poses some contingent risk but management considers the impact immaterial.