With reference to the subject matter cited above and Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish ....
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Awaiting price reaction for this filing.
Sea TV Network's board approved audited FY25 results on 28th May 2025, reporting a sharply wider standalone loss of ₹412.07 lakhs versus ₹54.48 lakhs in FY24, with revenue falling to ₹613.69 lakhs from ₹973.39 lakhs. Standalone net worth is deeply negative at ₹-4,081.38 lakhs, and non-current borrowings have risen to ₹2,678.25 lakhs. The auditor (Doogar & Associates) issued a qualified opinion because the company reversed ₹58.15 lakhs of previously accrued interest and did not recognise ₹141.59 lakhs of Q4 interest expense, citing financial constraints and possible loan restructuring, with no formal waiver from lenders. Consolidated FY25 revenue was ₹1,152.38 lakhs with a loss of ₹74.34 lakhs. Mr. Harshit Jain, a chartered accountant, was appointed as CFO and KMP with immediate effect on the recommendation of the Nomination and Remuneration Committee.
Negative for shareholders: losses have widened materially, the balance sheet is in the red, and a qualified audit opinion with a going concern flag points to serious liquidity and debt-servicing stress. The CFO change is routine, but the underlying financial weakness is the dominant signal for the stock.