Revised and Rectified First Quarter Un-audited Standalone and Consolidated Financial Results as per SEBI Regulations wherein the Previous Quarter End details i.e. 31/03/2025 are mentioned ....
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Sea TV Network's board, at a meeting on August 6, 2025, approved revised and rectified unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), along with the limited review report from auditor Doogar & Associates. The auditor drew specific attention to Note 4 in the results, flagging that the company has not provided for interest of Rs 53.88 lakhs on unsecured loans as of June 30, 2025, which is not compliant with Ind AS 109; if recognised, the company's loss would have been higher by that amount. Consolidated results include two subsidiaries (Jain Telemedia Services and Sea News Network), whose figures (revenue Rs 88.08 lakhs, net profit Rs 20.58 lakhs) were certified by management and not independently reviewed by the auditor. The company appears to already be reporting a loss, with the non-provision of interest worsening the picture.
Shareholders should note that the company's reported loss understates the true financial position because Rs 53.88 lakhs of interest on unsecured loans has been skipped, and the results are a revised/rectified version — suggesting the earlier filing had errors. This is a red flag on accounting quality and could weigh negatively on investor confidence in the stock.