Filmcity Media Limited reported a net loss of ₹26.64 lakh for the financial year ended March 31, 2026, widening from a loss of ₹15.27 lakh in the previous year. The company recorded zero revenue from operations during the period, citing a lack of capital resources and challenges in the traditional media sector as primary reasons for the absence of business activity.

The Board of Directors has scheduled the 32nd Annual General Meeting (AGM) for Tuesday, September 29, 2026, at 11:00 am at its registered office in Mumbai. The meeting will address several key corporate actions, including a proposed change in the company's name and the appointment of new independent directors.

Financial Performance

The company’s financial results for FY26 reflect a complete halt in operational revenue generation. Total income stood at just ₹0.26 lakh, derived entirely from other income, compared to ₹125.10 lakh in FY25. Expenses remained relatively stable at ₹26.90 lakh, primarily driven by employee benefit expenses of ₹7.16 lakh and other operating costs of ₹19.55 lakh.

The increase in net loss is attributable to the absence of operating revenue, which previously offset a significant portion of the company’s fixed costs. The balance sheet shows total assets of ₹360.55 lakh, with inventories accounting for ₹287.79 lakh, largely comprising media content assets. Cash and cash equivalents stood at ₹0.71 lakh.

Proposed Name Change and Strategic Shift

A special resolution at the AGM seeks approval to change the company’s name from "Filmcity Media Limited" to "Filmcity Media and Consultancy Limited." This change aims to reflect the company’s proposed diversification into consultancy services, particularly in investment and infrastructure-related activities.

The Board previously altered the Main Objects Clause of the Memorandum of Association via postal ballot in April 2026 to include real estate development, construction, and financial product distribution. The name change is intended to provide a broader identity commensurate with these expanded business objectives.

Board Appointments

Shareholders will be asked to appoint two new independent directors:

• Ms. Shivi Jindal (DIN: 07625672), who brings experience in human resources, business administration, and compliance.
• Ms. Iti Goel (DIN: 11875409), who has expertise in accounts, finance, and insurance.

Both directors are proposed for a five-year term commencing from August 12, 2026. Additionally, Ms. Kirti Vishnu Tiwari, Executive Director and CEO, retires by rotation and offers herself for reappointment. She also serves as the CFO following the resignation of Mr. Mohit Jain in March 2026.

AGM Details

The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026. The cut-off date for e-voting is Tuesday, September 22, 2026. Investors holding equity shares as on this date can participate in the remote e-voting process facilitated by NSDL.

Filmcity Media reported a net loss of ₹5.51 lakh for the quarter ended June 30, 2026, reflecting a marginal deterioration in profitability compared to the prior year. The loss widened by approximately 1% year-on-year from the ₹5.47 lakh deficit recorded in Q1FY25. For the full fiscal year ended March 31, 2026, the company posted a cumulative net loss of ₹26.64 lakh.

The company’s revenue trajectory remains stagnant. Filmcity Media recorded zero income from operations in Q1FY26, a decline from the ₹0.22 lakh generated in the immediately preceding quarter (Q4FY26). This marks the second consecutive quarter of nil operational revenue, following the zero-income performance seen in Q1FY25.

Financial Performance

The company’s financial results for the quarter were characterized by an absence of top-line growth and persistent losses.

On a sequential basis, the net loss improved significantly from the ₹9.96 lakh reported in Q4FY26. However, this improvement coincided with the complete cessation of operational revenue, suggesting that the reduction in losses was driven by lower operating expenses or one-off adjustments rather than core business activity.

What the Numbers Show

A critical observation from the filing is the total reliance on non-operational factors to mitigate losses, given the absence of any revenue stream. With income from operations at ₹0, the company is not generating cash flow from its primary business activities. The persistence of losses despite zero revenue indicates that fixed overheads or financing costs continue to erode equity. Furthermore, the 'Other Equity' position remained flat at ₹0.00 for the quarter, unchanged from the previous quarter, signaling no additional capital infusion or retained earnings accumulation during the period.

Capital Structure

The paid-up equity share capital stood at ₹305.71 lakh, comprising shares with a face value of ₹1 each. This figure remained constant compared to the previous quarter and the corresponding period last year. Earnings per share (EPS) for the quarter came in at -₹0.02, a slight improvement from the -₹0.03 EPS in Q4FY26 but consistent with the -₹0.02 EPS recorded in Q1FY25.

The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on August 12, 2026. The figures for previous periods have been regrouped and recast where necessary to conform to current year classification.