Intimation of the outcome of the Board Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
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Zinema Media & Entertainment Ltd's Board approved audited standalone and consolidated financial results for FY2026 ended March 31, 2026. Total income surged to Rs. 515.24 Lakhs from Rs. 59.16 Lakhs in FY2025, while profit after tax rose to Rs. 37.74 Lakhs from Rs. 29.12 Lakhs. EPS improved from Rs. 0.41 to Rs. 0.53. The auditors Ganesamoorthy T & Associates issued an unmodified (clean) opinion. Significantly, the Board decided to withdraw its applications for in-principle approval of preferential share issues including 1.83 crore equity shares for cash, 60 lakh shares for acquiring a 60% stake in Beontyme Technologies Private Limited, 10,000 shares to Tulsea Media Private Limited, and 50 lakh sweat equity shares due to technical shortcomings. Total assets doubled from Rs. 1,039.21 Lakhs to Rs. 2,288.87 Lakhs year-on-year.
The clean audit opinion is positive for investor confidence. However, the withdrawal of preferential issue applications signals potential delays or complications in the company's expansion plans including the Beontyme Technologies acquisition, which may create uncertainty around future growth prospects and dilution plans.