Appointment of Internal Auditor for the FY 2026-27
ZEEMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zee Media Corporation's Board meeting on May 29, 2026 approved annual audited financial results for FY 2025-26 and appointed Nangia & Co, LLP as Internal Auditor for FY 2026-27. Standalone revenue grew 26% to Rs. 57,153 lakhs with net profit of Rs. 1,693 lakhs (vs loss of Rs. 10,033 lakhs in FY 2024-25). However, Q4 standalone reported a loss of Rs. 1,432 lakhs. Consolidated revenue rose to Rs. 75,918 lakhs with PAT of Rs. 190 lakhs. The company also re-appointed Chandra Wadhwa & Co. as Cost Auditors. Statutory auditors Ford Rhodes Parks & Co. LLP flagged material uncertainty due to accumulated losses and negative working capital, but the accounts were prepared on going concern basis. Additionally, SEBI issued a show cause notice for alleged violations, and the company filed a settlement application.
Appointment of new internal auditor is a routine governance action with no immediate shareholder impact. However, auditors' going concern flag and SEBI notice indicate ongoing financial and regulatory risks that investors should monitor.