Creative eye Limited has announced a significant leadership transition with the resignation of Ms. Zuby Kochhar from her position as Chairperson of the Board. The company informed the Bombay Stock Exchange and National Stock Exchange of India about this development through a regulatory filing under SEBI Listing Regulations on April 24, 2026.

Leadership Transition Details

Ms. Zuby Kochhar, who holds Director Identification Number 00019868, submitted her resignation from the Chairperson position effective April 24, 2026. The resignation was communicated to both major stock exchanges as part of the company's compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Official Regulatory Filing

The company's official communication to stock exchanges was handled by Company Secretary and Compliance Officer Prema S Dubey. The filing included comprehensive details as required under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, along with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Continued Executive Role

Despite stepping down from the Chairperson position, Ms. Kochhar will continue to serve Creative Eye Limited as Whole-Time Director. In her formal resignation letter dated April 24, 2026, she stated that the decision was made to focus more effectively on her responsibilities as Whole-Time Director and other strategic priorities of the company.

The company has confirmed that Ms. Kochhar provided assurance that there are no other material reasons for her resignation beyond those specified in her formal resignation letter. This transparency aligns with regulatory requirements and maintains investor confidence during the leadership transition.

Company Commitment

Ms. Kochhar expressed gratitude to the Board and management team for their support during her tenure as Chairperson. She reaffirmed her commitment to contributing towards the growth and success of the company in her continuing role as Whole-Time Director, indicating continuity in executive leadership despite the board position change. The resignation letter was digitally signed and submitted to ensure proper documentation and regulatory compliance.

Creative Eye Limited's Board of Directors convened on February 17, 2026, to approve the company's unaudited financial results for multiple quarters, revealing substantial operational challenges and exceptional losses during recent periods.

Board Meeting Outcomes

The Board meeting, held at the company's registered office from 12:00 PM to 3:20 PM, approved several key matters including standalone unaudited financial results for the quarter and half year ended September 30, 2025, and results for the quarter and nine months ended December 31, 2025. The results were reviewed by the audit committee and subjected to limited review by statutory auditors STDJ & Company.

Q3FY25 Financial Performance

Creative Eye's Q3FY25 results demonstrated a marked deterioration in operational performance compared to the previous year. The company reported zero revenue from operations, representing a complete decline from ₹125.00 lacs in Q3FY24.

Total expenses for Q3FY25 decreased to ₹78.17 lacs from ₹117.12 lacs in the corresponding quarter of the previous year, with employee benefits expense reducing to ₹25.43 lacs from ₹36.81 lacs.

Q2FY26 Results and Exceptional Loss

The Q2FY26 performance revealed even more challenging circumstances, with the company reporting a substantial exceptional loss of ₹334.79 lacs arising from settlement awards with PBBCI - Doordarshan New Delhi.

Financial Position and Assets

As of September 30, 2025, Creative Eye Limited maintained total assets of ₹2,635.05 lacs compared to ₹2,751.10 lacs as of March 31, 2025. The company's equity base stood at ₹1,863.08 lacs, supported by a consistent paid-up equity share capital of ₹1,002.91 lacs.

Cash Flow and Operations

The cash flow statement for the half year ended September 30, 2025, showed net cash outflow from operating activities of ₹1,71,62,649, while investing activities generated ₹28,97,213. The company's closing cash and cash equivalents stood at ₹7,71,80,948.

Creative Eye Limited operates in a single business segment focused on TV content production. The company's Managing Director Ashutosh Kochhar led the board approval process, with all financial statements prepared in compliance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013.