The Exchange had sought clarification from Eros International Media Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
Awaiting price reaction for this filing.
Eros International Media has responded to NSE's queries about the March 2024 (FY24) financial results that were filed late. The company explained that the NSE upload window had closed by the time of the board meeting, so it filed the results three days later on December 16, 2024. An error in standalone EPS in the XBRL filing was corrected and resubmitted on January 12, 2026, and the missing Audit Committee Chairman signature on the Statement of Impact was also fixed on December 17, 2025. The underlying FY24 results paint a weak picture: total income of Rs 19,142 lakhs, a net loss of Rs 47,973 lakhs, and a negative net worth of Rs 37,804 lakhs, prompting the auditor to flag a material going-concern uncertainty. The auditor also issued a qualified opinion, citing Rs 25,150 lakhs in expected credit loss provisions on long-overdue receivables from group entities, and an ongoing SEBI investigation into Rs 1,07,201 lakhs of content advances. The board has also proposed renaming the company to Eros Media International Limited.
For shareholders, the clarification itself is a routine compliance catch-up, but the real concern sits underneath: a fully eroded net worth, a Rs 480 crore annual loss, a going-concern warning, and an unresolved SEBI investigation that could lead to further restrictions or penalties. This filing is unlikely to have a positive impact on the stock and keeps governance and solvency risks firmly in focus.