Encash Entertainment Limited shareholders adopted the audited financial statements for FY26 during the 18th Annual General Meeting held on September 29, 2026. The meeting also saw the reappointment of Sachet Saraf as Chairman and Managing Director for a one-year term.

The company, listed on the BSE SME Platform, convened the meeting at its registered office in Kolkata. All resolutions proposed in the notice were passed with the requisite majority through remote e-voting and poll processes.

Key resolutions passed

Shareholders approved three primary agenda items, covering both ordinary and special business. The adoption of the balance sheet and profit and loss accounts marked the completion of the statutory review for the fiscal year ending March 31, 2026.

Governance updates

Sachet Saraf, serving as Managing Director, chaired the session. The company confirmed that Ms. Neha Poddar, a Practicing Company Secretary, acted as the scrutinizer to ensure fair and transparent voting procedures. Results were disseminated to BSE Limited and uploaded to the company website and NSDL within stipulated timelines.

The re-appointment of Sachet Saraf as Chairman and Managing Director is effective for one year commencing January 18, 2026. His remuneration and terms follow recommendations from the nomination and remuneration committee. Similarly, Rashmi Saraf was re-appointed as she retired by rotation and remained eligible.

Encash Entertainment Limited reported a net loss after tax of ₹3,578.85 thousand for the financial year ended March 31, 2026. This marks a reduction from the ₹3,873.26 thousand loss recorded in the previous fiscal year.

The Kolkata-based entertainment company saw total revenue from operations decline by 0.64% to ₹454.69 thousand in FY26, compared to ₹457.63 thousand in FY25. The improvement in the bottom line was primarily driven by a decrease in operational expenses rather than revenue growth.

Financial performance overview

The company’s profit before tax (PBT) stood at ₹(3,553.73) thousand, an improvement from ₹(3,837.61) thousand in FY25. Total expenses fell to ₹4,008.42 thousand from ₹4,295.24 thousand in the prior year. Key expense components included employee benefit expenses at ₹2,091.60 thousand and other expenses at ₹1,214.13 thousand.

What the numbers show

A divergence exists between the company’s static revenue base and its shrinking cost structure. While revenue remained nearly flat with a marginal decline of 0.64%, total expenses contracted by approximately 6.7%. This cost discipline, particularly in "Cost of material consumed" which fell from ₹255.40 thousand to ₹190.03 thousand, allowed the company to narrow its operating losses despite stagnant top-line performance. Additionally, cash and cash equivalents decreased to ₹1,979.30 thousand from ₹2,176.36 thousand, reflecting a net cash outflow from operations of ₹197.04 thousand during the year.

Balance sheet and liquidity position

The company’s equity and liabilities stood at ₹88,602.97 thousand as of March 31, 2026. Shareholder funds comprised paid-up capital of ₹38,964.96 thousand and reserves and surplus of ₹38,453.54 thousand. The surplus account reflects accumulated losses, with the closing balance in the statement of profit and loss standing at ₹(17,525.34) thousand.

On the asset side, inventories constitute the largest component at ₹76,786.65 thousand, largely comprising work-in-progress film rights and merchandise. Current assets totaled ₹78,825 thousand, providing a current ratio of 27.56 times against current liabilities of ₹2,860.06 thousand. The company reported no long-term or short-term borrowings, maintaining a debt-free balance sheet.

Corporate governance and directorship

The Board of Directors comprises four members, including two independent directors. During the year under review, the board met five times. All directors attended all meetings held. Mr. Sachet Saraf serves as Managing Director, while Ms. Rashmi Saraf is a Non-Executive Director. The Nomination and Remuneration Committee recommended the re-appointment of Mr. Sachet Saraf as Chairman and Managing Director for a one-year term commencing January 18, 2026, subject to shareholder approval.

The statutory auditor, M/s S L Prasad & Co, issued an unmodified opinion on the standalone financial statements. The secretarial audit report noted that the company had delayed payment of BSE annual listing fees and depository custodian fees to NSDL and CDSL, though no major regulatory strictures were imposed during the period.