With reference to the subject captioned above, we hereby inform you that meeting of the Board of Directors of the company was held today i.e. Thursday, 05th February, 2026 through Video ....
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The Board of Sea TV Network Ltd met on February 5, 2026 and approved the unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025. The statutory auditor (Doogar & Associates) issued a Limited Review Report with an Emphasis of Matter paragraph flagging that the company has not provided interest of Rs 53.26 lakh for the quarter and Rs 163.31 lakh for the nine months ended December 31, 2025 on its unsecured loans. Had this interest been recognised, the company's loss for the quarter and nine months would have been higher by these amounts. The auditor noted this is not in compliance with Ind AS 109, which requires financial liabilities to be measured at amortised cost using the effective interest method. The auditor did not modify their review opinion but explicitly drew attention to this matter in both the standalone and consolidated reports.
Shareholders should note that the company's reported loss understates the true financial position because interest on unsecured loans has been omitted, making the business appear healthier than it actually is. This accounting deviation, flagged by the auditor, may raise governance concerns and could attract regulatory or lender scrutiny.