This is in reference to Regulation 34 (1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Annual Report of SEA TV NETWORK LIMITED for ....
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Sea TV Network Ltd has submitted its Annual Report for FY 2024-25 to BSE. On a standalone basis, total revenue fell 40.64% to ₹656.72 lakhs, and the company posted a net loss of ₹412.07 lakhs, against a prior-year profit of ₹3,026.58 lakhs that was driven by a one-time exceptional item of ₹3,426.01 lakhs. On a consolidated basis (including two wholly-owned subsidiaries, Jain Telemedia Services Ltd and Sea News Network Ltd), total revenue rose 10.98% to ₹1,516.88 lakhs, but the company still recorded a loss of ₹74.91 lakhs. The statutory auditor has flagged a qualification: the company reversed ₹58.15 lakhs of accrued interest and did not recognise another ₹141.59 lakhs of interest for Q4, which the auditor says is not in line with Ind AS 109 and could have increased the reported loss by ₹199.74 lakhs. No dividend has been declared. The company says it is evaluating loan restructuring and plans to diversify into internet, broadband and leased-line services.
Shareholders face another year of standalone losses with no dividend, and the audit qualification over interest accounting raises governance concerns that may weigh on sentiment. The diversification plans into broadband and ISP could offer a long-term growth path, but near-term performance remains weak.