Net Pix Shorts appoints Ritesh Tiwari as Chairman after 71.87% stake sale

Net Pix Shorts Digital Media Ltd underwent a significant change in control and leadership on July 14, 2026, following a Board meeting that approved the appointment of two new Executive Directors and the transfer of a majority stake. The company recorded the transfer of 23,00,000 equity shares, representing 71.87% of its capital, from existing promoter Danish Zakaria Aghadi to Ritesh Tiwari and Alka Tiwari. This transaction, executed under a Share Purchase Agreement, results in Ritesh Tiwari and Alka Tiwari being classified as the new Promoters, while Aghadi ceases to be a promoter and will be reclassified into the public category subject to regulatory approvals.

Board Approvals and Appointments

The Board approved the appointment of Mr. Ritesh Tiwari (DIN: 08156364) as an Executive Director (Additional), designated as Chairman & Managing Director. Ms. Alka Tiwari (DIN: 08173830) was appointed as Executive Director (Additional), designated as Whole Time Director. Both appointments are subject to shareholder approval in the ensuing General Meeting. The Board also accepted the resignation of Ms. Nazish Furniturewala (DIN: 08294240) as Executive Director & Chief Financial Officer (CFO) with immediate effect, citing management changes and the change in control of the company.

Profile of New Directors

The new leadership brings extensive experience in the fashion and textile sectors. Ritesh Tiwari is a Commerce graduate with 15 years of experience, specifically in the fashion industry, including D2C brand creation and exports. Alka Tiwari is an Arts graduate with five years of experience in the textile industry and online retail operations. Both are spouses and currently hold directorships at Namastika Retail Private Limited.

Director Details

Particulars	Mr. Ritesh Tiwari	Ms. Alka Tiwari
Designation	Chairman & Managing Director	Whole Time Director
Date of Appointment	July 14, 2026	July 14, 2026
Qualification	Commerce graduate	Arts graduate
Experience	15 Years	5 Years
Expertise	Fashion industry	Textile industry
Term	Till ensuing General Meeting	Till ensuing General Meeting

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification of promoter status is subject to receipt of necessary approvals under Regulation 31A of the SEBI (LODR) Regulations. The resignation of the former CFO was attributed solely to the change in control pursuant to the completion of the transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	+5.00%	+10.53%

Net Pix Shorts Digital Media reported a return to profitability for the financial year ended March 31, 2026, posting a net profit of ₹0.39 lakh compared to a net loss of ₹3.77 lakh in the previous year. The company's revenue from operations rose to ₹56.67 lakh from ₹47.15 lakh in FY25, driven by its core segment of producing short films and songs on various digital platforms. Total income for the year stood at ₹63.57 lakh, up from ₹47.31 lakh in the prior year.

The Board of Directors approved the audited standalone financial results for the half-year and full year ended March 31, 2026, at a meeting held on May 30, 2026. Statutory auditors M/s. B. L. Dasharda & Associates issued an audit report with an unmodified opinion on the results. Additionally, the board appointed M/s. S M Bhat & Associates, Chartered Accountant, as the internal auditor for F.Y. 2026-27.

Financial Performance

The company's operating expenses for the year were ₹59.46 lakh, a decrease from ₹54.40 lakh in the previous year. Profit before tax for the year improved to ₹4.10 lakh from a loss before tax of ₹7.09 lakh in FY25. Earnings per share (EPS) for the year turned positive at ₹0.01, compared to a negative EPS of ₹0.12 in the previous year.

Standalone Financial Results (₹ in lakhs)

Particulars	Year ended 31/03/2026	Year ended 31/03/2025
Total Income	63.57	47.31
Revenue from operations (Net)	56.67	47.15
Other Income	6.90	0.16
Total Expenses	59.46	54.40
Profit for the period	0.39	(3.77)

Balance Sheet and Cash Flows

The company's total assets stood at ₹683.96 lakh as of March 31, 2026, down from ₹1,421.49 lakh in the previous year. This reduction was primarily due to a decrease in long-term borrowings, which fell to ₹96.13 lakh from ₹796.55 lakh. Inventories decreased to ₹490.16 lakh from ₹809.04 lakh, while cash and cash equivalents increased significantly to ₹153.33 lakh from ₹5.77 lakh.

Cash flow from operating activities was positive at ₹850.77 lakh, compared to a net outflow of ₹592.82 lakh in the previous year. The company utilized ₹700.42 lakh in financing activities, largely due to the repayment of long-term borrowings.