Unaudited Financial results for the quarter ended September, 2026 - BM 04.04.2026 (Note/Clarification: This is to clarify that we have duly uploaded the unaudited financial results for ....
Awaiting price reaction for this filing.
The company reported Q2 FY25-26 results (quarter ended September 30, 2025) with near-zero revenue of Rs 0.13 lakhs and a net loss of Rs 21.16 lakhs. The statutory auditor issued a highly qualified review report citing material uncertainty over going concern—the company lacks funds to pay creditors, has stuck content advances of Rs 192.9 million with producers, and its operational performance is critically low. Additionally, Rs 694 million remains frozen in a Sahara-SEBI refund account due to an ongoing Supreme Court dispute. SEBI has suspended trading of the company's shares due to regulatory non-compliance. The company also disclosed the resignation of Whole-Time Director Mrs. Rana Zia. The auditor could not complete the review as records were not made available.
The company is in severe financial distress with trading suspended and a going concern warning from auditors. Shareholders face extreme risk—the stock has zero operational business, significant frozen assets, and ongoing regulatory issues tied to the Sahara Group's legal disputes. Recovery appears doubtful.