Eros International Media Ltd

EROS INTERNATIONAL MEDIA LIMITED — Closure of Trading Window from October 1, 2026 till 48 hours after the declaration of the Financial Results for the quarter & half year ended September 30, 2026

Financial performance

• Consolidated revenue from operations: 6,086 lakh.
• Consolidated loss before tax: 13,464 lakh (loss).
• Consolidated net profit after tax: loss of 13,734 lakh.
• Diluted EPS: -₹14.32.
• Total comprehensive loss to equity: ₹2,159 lakh.
• Dividends for FY2025-26 not declared.
• Consolidated cash flow from operating activities: ₹-11,334 lakh.
• One external customer accounted for more than 10% of revenue.
• Provision for expected credit losses on group receivables: ₹28,438 lakh.

Liquidity and capital structure

• Net debt to equity ratio: 15.1%.
• Net debt: ₹11,245 lakh; cash and cash equivalents: ₹198 lakh.
• Current ratio: 0.62; working capital stressed (current liabilities ₹80,688 lakh vs current assets ₹44,113 lakh).
• Consolidated equity: ₹74,462 lakh; standalone equity negative.
• Total borrowings around ₹11,443 lakh; cash generation remains challenged.
• Dividend policy: no dividend due to losses; focus on liquidity preservation.
• Going concern note: relies on monetization of film/music library and dues recovery.

Business developments and strategy

• Pursuing monetization of the extensive film/music library to raise funds.
• RBI approvals sought to permit net remittance of ₹16,688 lakh from EWW.
• Post-COVID delays impacted production slate; plans to restart.
• Name change to Eros Media Technologies Limited proposed; implementation pending.
• Strategic emphasis on asset monetization and non-core asset optimization.

Governance and leadership

• Board size six; mix of Executives and Independent Directors.
• Anand Shankar Kamtam appointed Executive Director w.e.f 12 Dec 2025; regularized 9 Mar 2026.
• Sagar Sadhwani ceased as Non-Executive Independent w.e.f 12 Dec 2025.
• Vijay Gulab Chand appointed Additional Non-Executive Director w.e.f 12 Dec 2025; regularized 9 Mar 2026.
• Manmohan Kumar Sardana proposed for second term; age >75 allowed under law.
• Auditors: Haribhakti & Co. LLP; 5-year tenure; audit fees disclosed.

Audit, risk and compliance

• SEBI interim order (June 2023) and confirmatory order (Oct 2023) under appeal; impact uncertain.
• SAT hearing scheduled; company seeking disclosure and relief; proceeding ongoing.
• Auditors qualified Standalone and Consolidated; MR-3 secretarial audit attached.
• Statutory auditor remuneration total ₹46 lakh; consolidated and ₹34 lakh standalone figures noted.
• Internal control framework reviewed; material limitations noted in the report.

Related party transactions and balance sheet risk

• Trade receivables from related parties ₹70,552 lakh; payables ₹32,124 lakh; net ₹16,688 lakh after set-off.
• Significant related-party dealings with Eros Worldwide FZE, Eros International UK/USA, and affiliates.
• ECL provisioning on related-party receivables ₹28,438 lakh; impairment recognized prudently.
• RBI remittance and related approvals pending; governance of intercompany exposure under review.
• CYPPL consolidation issues noted; adjustments to Other Equity and Non-controlling Interests.

Subsidiaries and group structure

• Nine direct subsidiaries; notable ones include Copsale Limited, Colour Yellow Productions.
• CYPPL not consolidated due to information gaps; adjustments made via equity reserves.
• Material subsidiary policy published on company website; quarterly group review by Audit Committee.

Industry outlook and risk context

• Indian M&E expected growth with OTT and digital expansion; regulatory and inflation risks persist.
• Outlook for FY2026-27: OTT expansion, hybrid cinema releases, regional/niche content growth.
• AI, immersive media, and content localization to shape future content strategies.

Regulatory and other disclosures

• IBC matters: four cases; some disposed; ongoing for others; impact on results uncertain.
• Tax and indirect tax disputes across GST/service tax; several notices and appeals.
• Labour codes introduced; management expects no material impact on salaries.

AGM Details

• AGM scheduled for 30 September 2026 at 3:00 PM IST via VC/OAVM.
• Register of Members and Share Transfer Books closed 24–30 September 2026.
• Cut-off date to determine voting eligibility is 23 September 2026.
• Remote e-voting window runs 26–29 September 2026.
• AGM deemed venue: registered office, held via VC/OAVM.

Ordinary Business

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint Pradeep Dwivedi as Director who retires by rotation.

Special Business

• Re-appointment of Manmohan Kumar Sardana as Independent Director for a second five-year term.
• Remuneration to Non-Executive Directors for 2026-27 to 2028-29 in case of inadequate profits.

Meeting Details

• Board meeting scheduled for August 14, 2026.

Key Agenda Items

• Approve unaudited standalone and consolidated results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after quarter-ended June 30, 2026 results announcement.

Dematerialisation processing and listing status

• Securities for dematerialisation received during the quarter were confirmed to the depositories as accepted or rejected.
• Securities comprising the certificates have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depository's name was substituted as registered owner in the records within prescribed timelines.

Eros International Media Limited — Trading Window Closure from July 1, 2026 till 48 hours after declaration of Financial Results for the quarter ended June 30, 2026