Creative Eye reports FY26 loss of ₹517.89 lakh, appoints director

2 min read     Updated on 28 May 2026, 09:20 AM
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AI Summary

Creative Eye Limited reported a net loss of ₹517.89 lakh for FY26, a significant increase from the previous year's loss of ₹71.76 lakh, primarily due to exceptional items of ₹337.79 lakh. Revenue from operations fell to ₹42.16 lakh from ₹260.81 lakh in FY25. The board approved the re-appointment of Ms. Zuby Kochhar as Whole Time Director and appointed Mr. Praful Jadavji Shah as an additional independent director.

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Creative Eye Limited reported a net loss of ₹517.89 lakh for the financial year ended March 31, 2026, widening from the loss of ₹71.76 lakh recorded in the previous year. The company's revenue from operations for the year stood at ₹42.16 lakh, a significant decrease from ₹260.81 lakh in FY25. The financial performance was impacted by exceptional items amounting to ₹337.79 lakh, arising from settlement awards with PBBCI - Doordarshan New Delhi. The audited standalone financial results were approved by the board in a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the media entity reported a net loss of ₹13.68 lakh, compared to a net profit of ₹23.04 lakh in the same quarter of the previous year. Total income from operations for the quarter was ₹42.16 lakh, down from ₹119.81 lakh in the prior year period. The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, was a loss of ₹2.58, compared to a loss of ₹0.36 in the previous year. The company operates in a single business segment, "T.V. Content Production".

Board Appointments and Committee Composition

The board approved the re-appointment of Ms. Zuby Kochhar as Whole Time Director effective from June 1, 2026, for a period of three years, subject to shareholder approval. Additionally, Mr. Praful Jadavji Shah was appointed as an additional director (Non-executive and Independent) effective May 26, 2026, for three years. Consequently, the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee were reconstituted to include Mr. Shah as a member.

Financial Performance Summary

The following table outlines the key financial metrics for Creative Eye Limited for the quarter and year ended March 31, 2026:

Particulars Quarter Ended 31/03/2026 (Audited) Year Ended 31/03/2026 (Audited)
Total Income from Operations (₹ in lacs) 42.16 42.16
Net Profit / (Loss) for the period after tax (₹ in lacs) (13.68) (517.89)
Total Comprehensive Income for the period (₹ in lacs) (21.26) (525.09)
Paid Up Equity Share Capital (₹ in lacs) 1,002.91 1,002.91
Basic and Diluted EPS (₹) (0.07) (2.58)

The statutory auditors, M/s STDJ & Company, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results. The total assets of the company as of March 31, 2026, stood at ₹2,266.32 lakh, compared to ₹2,751.10 lakh in the previous year.

Historical Stock Returns for Creative Eye

1 Day5 Days1 Month6 Months1 Year5 Years
+1.52%-0.59%-5.64%-5.77%-34.60%+112.38%

What strategic measures will Creative Eye Limited implement to reverse the sharp decline in operational revenue?

How will the settlement awards with PBBCI - Doordarshan impact the company's cash flow and financial stability in the coming year?

What are the expected contributions of the newly appointed board members to the company's turnaround strategy?

Promoter shares frozen pending compliance after death

1 min read     Updated on 28 May 2026, 04:11 AM
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AI Summary

Creative Eye Limited reported that shares belonging to its late promoter Mr. Dheeraj Kumar Kochhar and its Employees Welfare Trust are frozen by regulatory authorities due to compliance lapses following the promoter's death. The company confirmed no encumbrances were created on these shares during FY26. Legal heir Zuby Kochhar made the necessary disclosures to the stock exchanges.

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Creative Eye Limited has disclosed that shares held by its late promoter, Mr. Dheeraj Kumar Kochhar, and the Creative Eye Limited Employees Welfare Trust have been frozen by regulatory authorities. This freeze is due to pending compliance requirements that arose following the sudden death of the promoter on July 15, 2025, and changes in the company's management. Consequently, the transmission of shares to the legal heir has not been completed.

The company submitted the yearly disclosure to BSE Limited and National Stock Exchange of India Limited on April 3, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms the status of shareholding for the financial year ended March 31, 2026.

Zuby Kochhar, the legal heir of the late promoter, declared that no encumbrance was created on the shares held by Mr. Dheeraj Kumar Kochhar during FY26. This declaration was made on behalf of the late promoter along with persons acting in concert. The transmission process remains stalled as the shares continue to be frozen.

In a separate disclosure, Zuby Kochhar, as the Trustee of the Creative Eye Limited Employees Welfare Trust, confirmed that the Trust also did not create any encumbrance on its shares during the financial year. The Trust's shares are similarly frozen by regulatory authorities due to the ongoing compliance issues.

Zuby Kochhar, identified as a Promoter of Creative Eye Limited, also provided a personal declaration confirming the absence of encumbrances on individual shareholdings during FY26. The promoter affirmed that neither they nor persons acting in concert created any encumbrance on the shares held directly or indirectly.

The following table summarizes the disclosures made regarding the shareholding status:

Entity Status of Shares Encumbrance Created (FY26)
Mr. Dheeraj Kumar Kochhar (Late Promoter) Frozen No
Creative Eye Limited Employees Welfare Trust Frozen No
Zuby Kochhar (Promoter) Frozen No

Historical Stock Returns for Creative Eye

1 Day5 Days1 Month6 Months1 Year5 Years
+1.52%-0.59%-5.64%-5.77%-34.60%+112.38%

What specific compliance requirements must be met to unfreeze the shares and complete the transmission process?

How will the prolonged freeze on promoter and trust shares impact Creative Eye Limited's corporate governance and decision-making capabilities?

What is the expected timeline for resolving the regulatory issues, and could this delay lead to potential liquidity concerns for the legal heir?

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1 Year Returns:-34.60%