Diligent Media Corporation Limited reported a net loss of ₹887.54 lakh for the financial year ended March 31, 2026, as revenue from operations declined to ₹650.88 lakh. The company’s Board of Directors approved the annual audited financial results for the fourth quarter and fiscal year 2026 at a meeting held on May 28, 2026. The results, prepared under Ind-AS, were audited by M/s MGB & Co. LLP, Chartered Accountants, the Statutory Auditors of the Company.

The company published these audited financial results in two newspapers, the English daily "Free Press Journal" and the Marathi daily "Navshakti", on May 29, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also approved the appointment of Mr. Priyadarshan Garg as the Chief Executive Officer (CEO), designated as Key Managerial Personnel, effective June 1, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Financial Performance

The company recorded a total income of ₹706.38 lakh for FY26, a significant decrease from ₹2,692.11 lakh in the previous year. Total expenses for the year stood at ₹942.48 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹602.37 lakh on a total income of ₹195.54 lakh.

Audit Qualifications and Going Concern

The statutory auditors issued a report with a modified opinion, primarily concerning inter-corporate deposits (ICDs) granted to Veena Investments Private Limited (VIPL). The outstanding balance of these ICDs is ₹17,340.27 lakh as of March 31, 2026. The company noted that an Arbitration Award directed the set-off of these ICDs against Non-cumulative Non-convertible Redeemable Preference Shares (NCRPS) held by VIPL. A Scheme of Reduction and cancellation of NCRPS Capital has been filed with the exchanges and is pending approval.

The company also reported a negative net worth as of March 31, 2026. However, the management stated that current assets exceeded current liabilities and expressed confidence in the company's ability to meet obligations based on its business plan, cost rationalization measures, and projected positive cash flows. Consequently, the financial statements have been prepared on a going concern basis.

Regulatory and Other Disclosures

The company disclosed that it received a Show Cause Notice from SEBI in February 2026 and has filed an Application for Settlement under the SEBI (Settlement Proceedings) Regulations, 2018. Additionally, the company has received GST demand orders aggregating to ₹6,856.37 lakh, against which it has filed writ petitions before the Hon'ble High Court.

Diligent Media Corporation Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, following regulatory requirements outlined in a SEBI circular. The initiative aims to facilitate shareholders holding physical shares in converting them to electronic format and processing transfer requests.

Regulatory Compliance and Implementation

The special window has been established in accordance with SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD//3750/2026 dated January 30, 2026. This regulatory directive mandates the creation of facilities for shareholders to transfer and dematerialise their physical share holdings.

Public Notification and Media Coverage

The company published advertisements in multiple newspapers on April 15, 2026, to inform shareholders about the special window facility. The notifications appeared in both English and regional language publications to ensure comprehensive reach among the shareholder base.

Newspaper Publications:

• English Newspaper: "Free Press Journal"
• Marathi Newspaper: "Navshakti"

Digital Outreach Initiative

Beyond traditional print media, Diligent Media Corporation Limited has leveraged digital platforms to disseminate information about the special window. The company utilised its social media presence to reach shareholders through modern communication channels.

Social Media Platforms Used:

• LinkedIn: Company posted detailed information about the special window opening
• X (formerly Twitter): Announcement shared through the company's official handle

The digital strategy ensures that shareholders across different age groups and technological preferences can access information about the facility.

Corporate Communication Details

The formal communication to stock exchanges was signed by Jyoti Upadhyay, Company Secretary and Compliance Officer, with membership number A37410. The correspondence was addressed to both major Indian stock exchanges where the company's shares are listed.

This initiative demonstrates the company's commitment to regulatory compliance and shareholder service by providing accessible mechanisms for physical share conversion and transfer processes.