Picturehouse Media Ltd

Financial results approved

• Standalone unaudited Q2 2026 approved; total income Rs 173.58 lakhs.
• Standalone net profit Rs 26.82 lakhs; EPS Rs 0.05.
• Consolidated unaudited Q2 2026 approved; total income Rs 529.44 lakhs.
• Consolidated net worth negative Rs 6,279.38 lakhs.
• Going concern basis adopted; material uncertainty acknowledged.

Auditor commentary and going concern disclosures

• Independent auditor's limited reviews on standalone and consolidated results; no audit opinions.
• Film inventory: Rs 3,017.94 lakhs; Rs 2,879.85 lakhs doubtful.
• PVP Capital Limited: negative net worth; RBI canceled NBFC registration.
• Group negative net worth: standalone Rs 3,997.95 lakhs; consolidated Rs 6,279.38 lakhs; material uncertainty.

Strategic and regulatory notes

• Board notes planned strategic merger with parent company to create synergy.

Meeting Details

• Date: Friday, 14 August 2026; time not disclosed.
• Location: registered office, via VC/OVAM.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after declaration of unaudited results.

Audit qualifications and corrigendum

• Corrigendum filed for FY2026 results due to material audit qualifications.
• Inventory: Rs 3017.94 lakhs of film expenses; evidence missing; realisation doubtful.
• Balance inventory Rs 2879.83 lakhs; board confident of recovery from production houses.
• Investment in PVP Capital Limited shows negative net worth Rs 616.19 lakhs; RBI NBFC cancelled.
• Auditors qualified on PVP Capital Limited impairment; management not recognising impairment.
• Going concern risk: standalone net worth Rs 4024.77 lakhs; consolidated Rs 6284.47 lakhs.
• Management plans cost reductions and going-concern strategy.
• Lenders have extended finance; company intends to merge with holding company.
• Standalone results: turnover Rs 564.1 lakhs; net profit Rs 47.63 lakhs.
• Consolidated results: turnover Rs 1,987.67 lakhs; net profit Rs 57.24 lakhs.

Compliance status

• Certificate confirms Reg 74(5) compliance by the Registrar and Share Transfer Agent.