Cinevista Limited has closed its trading window for designated employees and their immediate relatives starting October 1, 2026. This restriction is in place ahead of the company's announcement of un-audited or audited financial results for the quarter ended September 30, 2026.

The closure is implemented in compliance with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, and the company's internal Insider Trading Code. It also adheres to circulars issued by BSE Limited (LIST/CAMP/01/2019-20) and the National Stock Exchange of India Ltd. (NSE/CML/2019/11), both dated April 2, 2019.

Trading window reopening timeline

The trading window will reopen 48 hours after the company announces its financial results to the stock exchanges. This standard procedure ensures that insider information regarding the quarterly performance is not used for trading purposes before it becomes public knowledge.

The notice was signed by Kilpa Goradia, Company Secretary, and addressed to the Corporate Service Department of BSE and the National Stock Exchange. Cinevista maintains its registered office in Bandra West, Mumbai.

Cinevista Limited's board approved the write-off of outstanding loans and advances totaling ₹2.38 crore to two dormant entities during its meeting on September 22, 2026. The decision follows the recommendation of the Audit Committee, which reviewed the financial status of the subsidiaries earlier in September.

The write-off targets Chimera Entertainment Private Limited (a subsidiary) and Heritage Productions Private Limited (an associate). Both companies have reported nil turnover for the last 10 years, with fully eroded net worth and negligible realizable assets. The board also plans to voluntarily strike off these entities following the accounting adjustment.

Financial Impact and Materiality

The total write-off amount constitutes 9.96% of Cinevista’s annual consolidated turnover for FY26 (₹23.972 crore). Since this figure remains below the 10% threshold defined under SEBI LODR Regulation 23, the transaction does not qualify as a material related party transaction requiring public shareholder approval. The Audit Committee’s approval suffices for this corporate action.

The impact is confined to standalone financial statements. In consolidated financial statements, there is no impact as inter-company loans are eliminated under Ind AS 110.

Breakdown of Write-off Amounts

Regulatory Compliance and Audit Review

The proposal adheres to Indian Accounting Standards Ind AS 27 and Ind AS 109. The Audit Committee noted that despite management efforts, these entities cannot continue operations sustainably. There are no outstanding external commercial debts or pending statutory liabilities against them. The board meeting commenced at 2:00 pm and concluded at 3:00 pm at the company’s registered office in Mumbai.

What the Numbers Show

The write-off represents a balance sheet cleanup rather than an operational loss from active business segments. With zero revenue generation over a decade and no third-party liabilities, the provision reflects the total loss of value in these downstream entities. The fact that the write-off is less than 10% of consolidated turnover allows the company to bypass shareholder approval, streamlining the process for removing non-performing assets from its standalone books.