colorchips new media reported a widened net loss of ₹16.24 crore for the financial year ended March 31, 2026, compared to a net loss of ₹10.02 crore in the previous year. Revenue from operations for the year declined significantly to ₹3.80 crore from ₹6.88 crore in FY25. The company's Board of Directors approved the audited financial results for the fourth quarter and the full financial year at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹32.82 lakh on revenue of ₹58.66 lakh. Total expenses for the quarter stood at ₹3.91 crore, primarily driven by employee benefits expense and depreciation. The statutory auditors, M/s. Pavan & Associates, issued an unmodified opinion on the financial results.

Financial Performance

The company's financial performance for FY26 reflects continued operational challenges. Total income for the year stood at ₹3.80 crore, a sharp decline from the previous year's ₹6.88 crore. Expenses increased to ₹20.08 crore from ₹18.58 crore in the prior year.

Operational Details

The entire operations of the company relate to the Digital Media segment. The company reported that it has used accounting software for maintaining its books of account; however, the feature of recording an audit trail (edit log) facility was not enabled during the year. The auditor's report noted that the system of internal financial controls with reference to financial statements was not made available to determine adequacy or operating effectiveness.

The company's cash and cash equivalents decreased to ₹1.10 crore as of March 31, 2026, from ₹1.19 crore in the previous year. The board has not recommended any dividend for the year ended March 31, 2026.

Colorchips New Media Limited has appointed Mr. Chaganty Ravi Shankar as its new Managing Director for a five-year term following the resignation of Mr. Murthy Vadlamani Venkata Satyanarayana. The leadership change, effective May 26, 2026, was approved by the Board of Directors and is subject to shareholder approval within three months as required by the Companies Act, 2013.

Mr. Murthy Vadlamani Venkata Satyanarayana resigned from his position due to personal reasons and pre-occupations requiring immediate attention. He confirmed there were no other material reasons for his departure. The Board will formally note his resignation in an ensuing meeting.

The appointment of Mr. Chaganty Ravi Shankar was made pursuant to Sections 196, 197, 203, and Schedule V of the Companies Act, 2013. The company stated that his appointment is due to his strong credentials and diverse knowledge in the field of accountancy. He is not debarred from holding the office of Director by SEBI or any other authority.

Details of Appointment

The following table outlines the key particulars regarding the new appointment:

Profile of New Managing Director

Mr. Chaganty Ravi Shankar is a 58-year-old Bachelor of Commerce from Andhra University. He brings over 34 years of experience in administration, encompassing multi-tasking functions such as liaison, purchase, marketing, correspondence, coordination, and infrastructure maintenance. The disclosure confirms he is not related to any other Directors of the company.