we hereby inform that the meeting of Board of Directors of the company was held on Wednesday 28th May 2025 at 11: 00 Am and concluded at 08: 40 PM at the Registered office of the company ....
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Sea TV Network's board met on 28 May 2025 and approved its audited financial results for the quarter and full year ended 31 March 2025. On a standalone basis, the company reported revenue of about Rs. 613.69 lakhs for FY25 (down sharply from Rs. 1,106.38 lakhs in FY24) and a net loss of Rs. 322.87 lakhs. On a consolidated basis including two subsidiaries, revenue was Rs. 1,152.38 lakhs with a net loss of Rs. 74.34 lakhs. The company's total equity remains deeply negative at around Rs. (4,081) lakhs standalone and Rs. (4,038) lakhs consolidated, indicating accumulated losses far exceeding share capital. The auditor issued a qualified opinion, flagging that the company reversed Rs. 58.15 lakhs of accrued interest in earlier quarters and skipped booking Rs. 141.59 lakhs of interest for Q4, citing financial constraints and possible loan restructuring, which understates finance costs and losses by Rs. 199.74 lakhs. In the same meeting, Mr. Harshit Jain, a chartered accountant, was appointed as the new Chief Financial Officer and Key Managerial Personnel.
Shareholders should note the widening losses, deeply negative net worth, and the auditor's qualified opinion on debt-related accounting, which together signal serious financial stress and going-concern uncertainty that could weigh on the stock; however, the appointment of a qualified finance professional as CFO is a positive governance step.