TV Vision Ltd

Financial results approved

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved by IRP.
• Limited Review Reports on standalone and consolidated results received from statutory auditors.

IRP oversight

• Interim Resolution Professional Alok Kumar Murarka chaired the meeting.
• IP registration: IBBI/IPA-001/IP-P-01934/2019-2020/13006.

Regulatory action and going concern

• NCLT admitted CIRP against TV Vision on July 30, 2026.
• Going-concern uncertainties highlighted for TV Vision and key subsidiaries.

Auditor remarks & reports

• Auditors note going-concern and CIRP-related uncertainties in holding and subsidiaries.
• Impairment indication: impairment loss of 884.10 Lakhs on Business and Commercial Rights.
• Limited assurance: reviews, not an audit opinion.
• Overdue vendor interest provisions and ITC reversals not fully accounted.

Meeting Details

• Date: Aug 18, 2026; time/venue not disclosed; rescheduled from Aug 14 on shorter notice.

Key Agenda Items

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

Other Notes

• Trading window for insiders closed from July 1, 2026 until 48 hours after results declaration.

Delay in results submission

• CIRP initiated under IBC; board powers suspended and Interim Resolution Professional (IRP) appointed.
• Meeting of IRP scheduled for Aug 14, 2026 to consider unaudited results.
• Additional time required for compilation, verification, and finalization of financial information.
• Management transition after CIRP affecting data recording and reporting processes.
• Trading window remains closed and will reopen 48 hours after unaudited results declaration.
• IRP/Company to finalize results and submit to stock exchanges at the earliest.

Meeting Details

• Date: Friday, 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited standalone and consolidated results for the quarter ended June 30, 2026 to be considered.

Other Notes

• Trading window for insiders closed from July 1, 2026 until 48 hours after results declaration.

Dematerialisation status

• Dematerialisation requests processed for quarter ended 30 June 2026; confirmations sent to depositories.
• Securities dematerialised have been listed on the exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated, cancelled; depository registered owner substituted within prescribed timelines.

Financial Performance 📊

• Q3 standalone and consolidated revenue from operations: ₹48.00 lakhs; 9M: ₹594.17 lakhs; YoY decline from ₹972.23 lakhs (Q3 2024).
• Total expenditure (standalone) for Q3: ₹649.36 lakhs; 9M: ₹1,589.50 lakhs; major costs include material consumed and employee benefits.
• Standalone loss before tax for Q3: ₹601.36 lakhs; 9M: ₹995.33 lakhs; consolidated loss similar.
• Loss after tax (standalone) for Q3: ₹601.36 lakhs; 9M: ₹995.33 lakhs; EPS (basic) for Q3: -₹1.55; 9M: -₹2.57.
• Consolidated results include subsidiaries’ revenue of ₹6.97 lakhs and net loss of ₹7.15 lakhs for 9M ended Dec 31, 2025.
• Other income contributed ₹0 to ₹129.73 lakhs in standalone results.

Audit & Risks ⚠️

• Auditors issued qualified review report citing material uncertainty on going concern due to negative equity, loan recalls, and losses.
• Subsidiaries HHP Broadcasting, MPCR Broadcasting, and UBJ Broadcasting have material uncertainties on going concern with negative equity and losses.
• Company received a petition filed by a creditor at NCLT; financial impact currently unascertainable.
• Loans classified as non-performing assets; no provision made for interest/penal interest on loans (~₹346.70 lakhs understatement).
• No provision for impairment on investments in subsidiaries and associates (~₹3,312 lakhs overstatement).
• Business and Commercial Rights valued at ₹1,612.66 lakhs likely impaired; no impairment provision made.

Working Capital & Liabilities 🗒️

• Interest on late payments to vendors not provided; amount unascertainable, understating liabilities and losses.
• Outstanding creditor balances subject to confirmation/reconciliation; impact unascertainable.

Corporate Actions & Management 📍

• Mr. Hemant Patil appointed as Chief Financial Officer effective Feb 4, 2026.

Business Model & Segments

• Company operates in a single segment: Broadcasting.