With reference to the subject matter cited above, it is hereby informed that the Board of Directors of the company at the meeting held on Wednesday, 06th August, 2025 at 11:00 A.M. at ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.1 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Sea TV Network met on 6 August 2025 and approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025), along with the Limited Review Report from auditor Doogar & Associates. The auditor drew special attention (Note 4) to the fact that the company did not book interest expense of Rs 53.88 lakhs on unsecured loans for the quarter, which is not in line with Ind AS 109 – Financial Instruments. Had the interest been properly accounted for, the company's loss for the quarter would have been higher by Rs 53.88 lakhs. Despite this, the auditor issued an unqualified review report (modified by the emphasis of matter paragraph).
The non-recognition of interest on loans signals cash-flow stress and inflates reported earnings – the true loss is bigger than what the headline numbers show. Shareholders should view the results with caution as this is a recurring accounting concern flagged by the auditor.