Encash Entertainment Ltd

AGM voting results and governance actions

• AGM held 29 Sep 2026; three ordinary resolutions voted.
• Resolution 1: adopt FY2025-26 Audited financial statements; 1,706,696 votes for, 0 against.
• Resolution 2: reappoint Rashmi Saraf; 444,200 votes for, 0 against.
• Resolution 3: reappoint Sachet Saraf as Managing Director for one year from 18 Jan 2026; 444,200 votes for.
• Remote e-voting covered 6 members; 3 postal ballots cast.
• Total votes polled: 1,706,696 for Res 1; 444,200 for Res 2 and 3.
• No invalid/abstain votes reported.
• Cut-off date for eligibility: 22 Sep 2026.
• AGM date and time: 29 Sep 2026, 1:30 PM Kolkata.

AGM details

• AGM held on 29 September 2026 at 1:30 PM at the registered office.
• Meeting combined physical attendance with remote e-voting and ballot.
• Voting rights cutoff date was 22 September 2026.

Resolutions

• Resolution 1: adoption of audited financial statements for the year ended 31 March 2026.
• Resolution 2: reappointment of Rashmi Saraf as director.
• Resolution 3: reappointment of Sachet Saraf as Chairman and Managing Director.

Voting results

• Resolution 1 passed by majority; votes in favour only.
• Resolution 2 passed by majority; votes in favour only.
• Resolution 3 passed by majority; votes in favour only.

Dividend

• No dividend proposed or declared at the AGM.

Director changes

• Rashmi Saraf reappointed as director.
• Sachet Saraf reappointed as Chairman and Managing Director.

Encash Entertainment Limited closes trading window from 01 October 2026 till end of 48 hours after declaration of financial results for the half year ended on 30 September, 2026

AGM Details

• Date: Sep 29, 2026; Time: 01:30 PM; Mode: Physical with remote e-voting; Venue: 12 Free School Street, Kolkata.

Resolutions and outcomes

• Adoption of Audited Balance Sheet, P&L, and Directors' Report: passed.
• Re-appointment of Rashmi Saraf as Director (by rotation): passed.
• Appointment of Sachet Saraf as Chairman and MD for one year: passed.

MD and Director changes

• Sachet Saraf appointed MD for one-year term starting Jan 18, 2026.

Financial performance

• Total revenue from operations: Rs 454.69 million.
• Net loss after tax: Rs 3.58 million.
• PBT before tax: Rs -3.55 million.
• PBITDA and PBTDA both show negative Rs 3.041 million.
• Earnings per share: Rs -0.92.
• Revenue declined 0.64% year-on-year.
• Dividend not proposed for 2025-26.

Capital structure and liquidity

• Paid-up equity capital: Rs 38.96 million (3,896,496 shares).
• Total equity and reserves: Rs 77.42 million.
• Long-term borrowings: nil; cash and equivalents: Rs 1.98 million.
• Inventories: Rs 76.79 million.

Business operations and segments

• Revenue by segment: Trading Rs 346.69 million; Studio operations Rs 108.00 million.
• Associate: Encash Securities Ltd holds 25.69% stake.
• No subsidiary; operations revolve around entertainment; associate focus.

Governance and board

• Board of four directors; two independent.
• Five board meetings held in FY2025-26.
• Audit, Nomination & Remuneration, and Stakeholders Committees.
• Independent directors declarations on independence; no disqualifications.

Related party transactions

• RPT policy in place; all RPTs reviewed by Audit Committee; arm's length.
• Rent paid to Rashmi Saraf: Rs 3.30 lakh.
• RPT disclosures in Form AOC-2; ordinary course.

Audits and internal controls

• Statutory audit: S L Prasad & Co; Secretarial audit: Neha Poddar.
• Internal financial controls are adequate; no material weaknesses.
• Auditors' reports contain no qualifications; going concern stated.

Litigation and risk

• Civil suit in Kolkata High Court over film Ichhe copyrights.
• Court injunctions restrain exploitation; receiver appointed for proceeds.

Industry outlook and MD&A

• Indian M&E grew 9% to INR 2.78 trillion in 2025.
• Digital media led with about 40% of revenues; growth forecast steady.
• 5G, connected TV, and AI fueling long-term expansion.

Governance actions

• Book closure approved 23 Sep 2026 to 29 Sep 2026 (inclusive).
• AGM notice approved; AGM date set for 29 Sep 2026.
• Ms Neha Poddar appointed as Scrutinizer.

Meeting Details

• Board meeting on 18 August 2026 at 3:30 PM, at the registered office, Kolkata.

Key Agenda Items

• Approve the book-closure date.
• Approve AGM date.
• Consider general business of the company.

Other Notes

• No trading window closure period specified.

Financial results

• Board adopted audited standalone balance sheet and profit and loss account for year ended 31 March 2026.
• Audited standalone results showed net loss of Rs 35.789 lakh for year ended 31 March 2026.
• Cash flow statement for year ended 31 March 2026 was approved with closing cash of Rs 19.793 lakh.

Appointments

• Ms. Neha Poddar appointed as Secretarial Auditor for financial year 2026-2027.
• Mr. Samit Kumar Baid appointed as Internal Auditor for financial year 2026-2027.

Audit remarks

• Statutory auditor issued an unmodified opinion on the audited standalone financial results.
• No qualifications were reported in the auditor's report.