Creative Eye shareholders approved the regularization of two independent directors and an increase in borrowing powers at its extraordinary general meeting on August 25, 2026.

The meeting, held via video conferencing, also saw the reappointment of Zuby Kochar as whole-time director. The proceedings were conducted in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Key Resolutions Passed

The special business items transacted at the EGM included:

• Reappointment of Zuby Kochar (DIN: 0019868) as Whole-Time Director.
• Regularization of Praful Jadavji Shah (DIN: 07927339) as Independent Director for five years.
• Regularization of Asha Choudhary (DIN: 11866581) as Independent Director for five years.
• Approval to increase borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to the aggregate of paid-up share capital, free reserves, and securities premium.

Meeting Details

Ashutosh Dheeraj Kumar Kochhar, Managing Director, chaired the meeting. Manoj Ramesh Kalgutkar, Company Secretary and Compliance Officer, managed the proceedings. Ms. Kirty Vaidya served as the scrutinizer for the e-voting process.

The quorum was present, and voting was conducted via remote e-voting from August 22 to August 24, 2026. The consolidated results will be submitted to stock exchanges within prescribed timelines.

Creative Eye reported a narrowed standalone loss for the first quarter of FY26 (Q1FY27), driven by lower operational deficits despite a sharp decline in total revenue. The Mumbai-based TV content production firm posted a loss after tax of ₹10.29 lakh for the quarter ended June 30, 2026, compared to a loss of ₹71.23 lakh in the corresponding period of FY25. This represents an 86% reduction in the quarterly loss year-on-year.

Revenue from operations stood at ₹30.05 lakh, up from nil in Q1FY25 but down 29% quarter-on-quarter from ₹42.16 lakh in Q4FY25. Total revenue, which includes other income, fell 72% year-on-year to ₹43.57 lakh, primarily due to a drop in other income from ₹16.74 lakh to ₹13.52 lakh. The company’s earnings per share (basic and diluted) were negative ₹0.05, compared to negative ₹0.36 in the previous year.

Financial Performance Overview

The company’s total expenses decreased significantly to ₹53.86 lakh from ₹86.97 lakh in Q1FY25. However, key cost components remain substantial relative to operational revenue. Total comprehensive income for the period was negative ₹9.34 lakh.

What the Numbers Show

A critical divergence exists between the company’s operational revenue and its fixed cost structure. While revenue from operations was ₹30.05 lakh, finance costs alone accounted for ₹13.90 lakh (46% of operational revenue), and employee benefits were ₹16.21 lakh (54% of operational revenue). Together, these two line items exceeded total operational revenue by ₹0.06 lakh, indicating that core business activities did not generate sufficient cash flow to cover interest and payroll obligations in the quarter. The narrowing loss is largely attributable to a reduction in 'Other Expenses' from ₹33.49 lakh to ₹16.03 lakh, rather than a surge in operational profitability.

Board Approval and Audit

The Board of Directors approved the unaudited financial results on August 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been reviewed by STDJ & Company, Chartered Accountants, under Standard on Review Engagements (SRE) 2410. The company operates in a single segment: TV Content Production.