Newspaper Advertisement - Audited Financial Result for quarter and year ended March 31, 2025
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V R Films & Studios Ltd has published its audited standalone financial results for the quarter and year ended March 31, 2025, as approved by the Board on May 29, 2025, in the newspapers 'Active Times' and 'Mumbai Lakshdeep' on May 30, 2025, in compliance with SEBI listing rules. A key note in the results reveals that the company has begun reviving its business operations in software development and distribution. More significantly, the promoter and a promoter group company have signed a Share Purchase Agreement (SPA) with acquirers for the sale of 85,00,000 shares, along with a transfer of control and management of the company, with the necessary regulatory process currently underway.
This is a material disclosure for shareholders: a change-of-control transaction is in progress with 85 lakh shares being sold to new acquirers, combined with a strategic business pivot from films/studios into software development. The audited FY25 results will clarify the financial health being handed over to the new promoters, and shareholders should watch for further updates on the SPA completion and Open Offer obligations under SEBI takeover rules.