Re-appointment of Cost Auditor for the FY 2026-27
ZEEMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Zee Media Corporation Ltd met on May 29, 2026 and approved multiple items including: (1) Annual Audited Financial Results for Q4 and FY 2025-26 showing standalone revenue of Rs. 57,153 lakhs (up 25.6% YoY) with profit after tax of Rs. 1,693 lakhs (recovering from loss of Rs. 10,033 lakhs in FY25); consolidated revenue of Rs. 75,918 lakhs (up 22% YoY) with profit of Rs. 190 lakhs; (2) Re-appointment of Chandra Wadhwa & Co., Cost Accountants as Cost Auditors for FY 2026-27 (subject to shareholder approval); (3) Appointment of Nangia & Co LLP as Internal Auditor for FY 2026-27. The auditors issued unmodified opinion but flagged material uncertainty regarding going concern due to accumulated losses and negative working capital. The company is pursuing fund-raising via FCCBs (up to USD 465.90 lakhs) and warrants issue (up to Rs. 11,900 lakhs).
Zee Media returned to profitability in FY26 after two loss-making years, with revenue growth driven by content licensing. However, auditors' going concern flag and Q4 standalone loss (Rs. 1,432 lakhs) indicate ongoing financial stress. Shareholders should monitor fund-raising progress and working capital improvement.