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 20th May, 2026 at 11:30 A.M. (IST) through ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sea TV Network Ltd's Board approved and adopted audited financial results for Q4 and FY26 ended 31st March 2026. The company reported standalone revenue of Rs 692.43 lakhs with a net loss of Rs 150.04 lakhs for FY26, while consolidated revenue was Rs 1,243.52 lakhs with a net loss of Rs 388.23 lakhs. The auditors issued a Qualified Opinion on both standalone and consolidated financials because the company failed to recognize interest on unsecured loans amounting to Rs 69.84 lakhs for Q4 and Rs 233.14 lakhs for the full year. Management cited financial constraints and is considering loan restructuring, but no formal waiver has been executed with lenders. Had the interest been properly recognized, the loss would have been higher by Rs 233.14 lakhs and current liabilities would increase by the same amount. This is the first appearance of this audit qualification.
The qualified audit opinion and non-recognition of interest expense signal financial distress and potential going concern risks. The company has negative net worth (Standalone: -Rs 4,023.89 lakhs), indicating accumulated losses exceed equity. Shareholders should be cautious as the company may face liquidity challenges and potential loan default consequences.