Next Mediaworks Ltd

Financials

• Total income ₹9.0 lacs; revenue from operations NIL; other income ₹9.0 lacs.
• Expenses total ₹122.0 lacs; finance costs ₹117.0 lacs; EBITDA ₹4.0 lacs.
• Loss after tax for the quarter ₹88.0 lacs; basic/diluted EPS ₹-0.13.
• Net worth eroded; reserves negative ₹10.225 crore; paid-up capital ₹6.689 crore.
• There are no reportable segments per Ind AS 108.
• Management states going concern is not appropriate; results prepared on realization basis.
• Limited review by auditors; conclusion unmodified.
• Tax credit of ₹25 lacs recognized due to finalization of assessment for prior years.
• Board approved unaudited results and limited review on 31 July 2026.
• Quarter ended 30 June 2026; no operating business.
• Company has net current assets but no business operations.

Dematerialisation status

• Demat requests processed within 15 days of receipt from depository participants.
• Securities dematerialised have been listed on the stock exchanges where they are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.

Financial Performance 📊

• Q3 FY2026 revenue from operations was INR 0; total income INR 17 lakh including other income.
• Q3 FY2026 total expenses were INR 120 lakh, up from INR 115 lakh in Q2 FY2026.
• Q3 FY2026 loss before tax was INR 103 lakh, improved from INR 115 lakh loss in Q2 FY2026.
• Nine months ended Dec 31, 2025 total income was INR 44 lakh; total expenses INR 352 lakh.
• Nine months loss before tax was INR 335 lakh, improved from INR 359 lakh loss in prior year period.
• Basic and diluted EPS was negative INR 0.15 for Q3 FY2026 and negative INR 0.50 for nine months ended Dec 2025.

Risks & Going Concern ⚠️

• Net worth fully eroded due to accumulated losses and finance costs on inter-corporate borrowing.
• Management assessed company is no longer a going concern; financials prepared on non-going concern basis.
• Statutory auditors issued unmodified limited review report with emphasis on going concern uncertainty.
• No business operations or operating cash flows currently; repayment of inter-corporate borrowing due August 2027 is uncertain.

Corporate Actions & Governance 📍

• Board approved unaudited financial results for Q3 and nine months ended Dec 31, 2025 on January 23, 2026.
• CEO and CFO certification for results was placed before the Board.

Business Model

• Next Mediaworks Limited is primarily a media company with no current business operations.

Financial Performance 📊

• Approved unaudited standalone financial results for quarter and nine months ended December 31, 2025.
• Reported loss of INR 103 lakhs for the quarter and INR 335 lakhs for nine months ended December 31, 2025.
• EBITDA loss of INR 11 lakhs for the quarter and INR 136 lakhs for nine months ended December 31, 2025.
• Other comprehensive loss of INR 415 lakhs recognized for nine months ended December 31, 2025.
• Earnings per share (basic and diluted) were negative INR 0.15 for the quarter and negative INR 0.50 for nine months.
• No tax expense recognized; loss after tax equals loss before tax.

Governance & Accounting ⚠️

• Management assessed company as no longer a going concern due to lack of operations and uncertain repayment of inter-corporate borrowing.
• Financial results prepared on a non-going concern basis with assets and liabilities stated at expected realizable/settlement values.
• Company ceased preparing consolidated financial statements effective February 7, 2025.
• Limited review report by S.R. Batliboi & Associates LLP issued with unmodified conclusion.

Liabilities & Borrowings

• Inter-corporate borrowing from Next Radio Limited contractually due for repayment in August 2027.
• Company has significant accumulated losses and fully eroded net worth as of December 31, 2025.

🗓️ Meeting Details

• Board meeting scheduled for January 23, 2026.

📊 Financial Results

• Approval of unaudited standalone financial results for Q3 and nine months ended December 31, 2025.