Khyati Multimedia Entertainment Ltd

Financial results and audit disclosures

• Un-audited standalone IND AS results for quarter ended 30 June 2026 approved by the Board.
• Audit Committee reviewed results prior to Board approval.
• Board resolution authorized Chairman and MD to sign the results.
• Annexure-B: Statement on Impact of Audit Qualifications submitted.
• Single segment operation; segment reporting not applicable.
• Emphasis of matter: Investment in Khyati Retail & Eatery Pvt Ltd at book value; fair value unconfirmed.
• Advances against land Rs 2.0875 crore paid; land registration pending; registered agreements not provided.
• Polo Championship event revenue lacks MOA amendments; no written franchise agreements.
• Deposits: Advances from customers Rs 251 lakh; Rs 10 lakh outstanding; non-compliance with deposits rules; impact not determined.
• Management is refunding advances; Rs 40 lakh already refunded; remaining Rs 10 lakh to be refunded.
• Auditor's report contains multiple qualifications (land advances, polo revenue, customer deposits).

Standalone results

• Q1 FY27 standalone total income ₹0.96 lakh; net loss ₹4.22 lakh; EPS ₹-0.04.
• Total assets ₹349.47 lakh; net worth ₹128.91 lakh.
• Advance against land ₹2.09 crore; polo event revenue recognition not aligned with Ind AS 115.
• One operating segment; no segment reporting.
• Refunds: ₹40 lakh already refunded; ₹10 lakh pending refunds subject to funds.
• Board meeting adopted results on 13-Aug-2026.

Meeting Details

• Board meeting scheduled for 13/08/2026 at 05:30 PM, Registered Office, Ahmedabad.

Key Agenda Items

• To approve Un-Audited IND AS Stand-Alone Financial Results for Q1 FY2026-27.
• To read, confirm, and approve last meeting minutes, signed by the Chairman.
• To review notes and progress reports of board sub-committees since the last meeting.
• To approve CEO/CFO and Company Secretary certificate for quarter ended 30/06/2026 under Reg 33(2)(a).
• To review Limited Review Auditor's Report and obtain management declaration on observations.
• To authorize MD/Chairman to fix record date, book closure, and AGM details for the year ending 31/03/2026.
• To authorize MD/Chairman to fix depository for e-voting and finalize e-voting period.
• To authorize MD/Chairman to appoint Scrutinizers for evoting per SEBI LODR and Companies Act.
• To note quarterly compliance reports of CFO, CS, MD and heads for quarter ended 30/06/2026.

Audited results approved

• Board approved audited standalone financial results for Q4 and year ended 31 March 2026.
• Results include audited balance sheet, cash flow statement, and notes.

Auditor report

• Statutory auditors issued a qualified opinion on the standalone annual results.
• Key issues involved land advances, Polo event revenue recognition, and customer advances treated as deposits.
• Auditors also noted investment in Khyati Retail & Eatery Pvt Ltd at book value without fair value evidence.

Internal auditor appointment

• M/s. Khandar and Co., Chartered Accountants, appointed as internal financial auditors for FY 2026-27.

AGM-related authorisations

• Chairman and Managing Director authorised to fix record date, book closure, AGM details, and e-voting dates.
• He was also authorised to appoint scrutinizer and depository for e-voting facilities.

Compliance disclosures

• Board took note of annual disclosures of interest, independent directors' declarations, and non-disqualification certificate.
• Annual Secretarial Compliance Report for year ended 31 March 2026 was noted.
• Draft Secretarial Audit Report MR-3 was approved for inclusion in the annual report.

Financials

• 📊 FY26 standalone turnover/total income was ₹51.61 lakh.
• 📊 FY26 total expenditure was ₹21.84 lakh.
• 📊 FY26 net profit was ₹18.82 lakh.
• 📊 FY26 EPS was ₹0.37 per share.
• 📊 Total assets were ₹349.47 lakh; total liabilities were ₹349.47 lakh.
• 📊 Net worth stood at ₹128.91 lakh.

Balance sheet

• 📊 Cash and cash equivalents were ₹4.24 lakh at 31 March 2026.
• 📊 Trade receivables were ₹59.16 lakh at 31 March 2026.
• 📊 Inventories were ₹0.46 lakh at 31 March 2026.
• 📊 Borrowings were ₹10.00 lakh at 31 March 2026.
• 📊 Other equity was negative ₹951.11 lakh at 31 March 2026.

Audit

• ⚠️ Auditors issued a qualified opinion on the standalone FY26 results.
• ⚠️ Advance against land of ₹208.75 lakh lacked registered agreements and confirmations.
• ⚠️ Polo Championship revenue recognition was questioned under Ind AS 115.
• ⚠️ Customer advances outstanding beyond 365 days were treated as deemed deposits.
• 🗒️ Auditors noted an emphasis on investment in Khyati Retail & Eatery Pvt Ltd.

Operations

• 🗒️ The company reported only one operating segment.
• 🗒️ Management said the business includes advertising, media coverage, and polo event management.
• 🗒️ The Polo Championship event was structured in a league-based format.

Management views

• 🗒️ Management said advances are being pursued for recovery through repeated reminders.
• 🗒️ Management said it may refund customer advances as soon as finances permit.
• 🗒️ Management said unrecovered advances may need write-off or adjustment.

Q&A highlights

• 🗒️ No investor Q&A was included in this chunk.

Business model

• 🗒️ Khyati Multimedia Entertainment Limited operates in advertising and media-related services.
• 🗒️ The company also organized a polo championship event during the year.

Appointment of Company Secretary

• Ms. Ripalben Sachinkumar Sukhadiya appointed Company Secretary and Compliance Officer
• Appointment effective from 28 March 2026
• Ms. Sukhadiya holds ICSI membership number ACS-043635
• She will handle all legal corporate compliances as per applicable laws
• Remuneration to be decided by Chairman and Managing Director in consultation
• Managing Director authorized to file DIR-12 and notify stock exchange