Padmalaya Telefilms Limited shareholders approved all resolutions at the 35th Annual General Meeting with a combined majority exceeding 99.99%.

The company submitted the voting results and scrutinizer's report to BSE on October 5, 2026. The meeting was held on September 30, 2026, in Hyderabad. Chairman Tammareddy Bharadwaja presided over the session, declaring a valid quorum present. The Board of Directors' Report, Auditor's Report, and Secretarial Audit Report were read to the members before business transacted.

Voting results breakdown

The Consolidated Scrutinizer's Report detailed votes cast through both remote e-voting and poll during the meeting. The remote e-voting period ran from September 27 to September 29, 2026. Members whose names appeared in the Register of Members as on the cut-off date, September 23, 2026, were entitled to vote.

The scrutiny process was conducted by Puttaparthi Jagannatham, Corporate Advocate. KFin Technologies Limited provided the e-voting facility. No invalid or abstained votes were recorded for either resolution.

Governance and attendance

The following directors were present at the AGM:

• Tammareddy Bharadwaja, Chairman
• G.V. Narasimha Rao, Executive Director
• Puskur Ram Mohan Rao, Independent Director
• Sreenivasa Rao, Independent Director
• Uma Devi Narravula, Independent Director

Key managerial personnel in attendance included MVRS Suryanarayana (CFO) and Shraya Jaiswal (Company Secretary & Compliance Officer). The meeting commenced at 9:30 am and concluded at 10:30 am following the vote of thanks.

Regulatory compliance

The submission was made pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer confirmed that duplicate voting was excluded from the final tally. All electronic records and poll papers remain in safe custody until the minutes are signed by the Chairman.

Padmalaya Telefilms reported a significantly widened net loss of ₹54.75 lakh for the financial year ended March 31, 2026 (FY26), compared to a loss of ₹27.24 lakh in FY25. The Hyderabad-based film production and distribution company generated no revenue from operations during the year, relying entirely on other income to sustain minimal cash flows.

The widening loss was driven by a sharp increase in other expenses, which rose to ₹62.37 lakh from ₹43.71 lakh in the prior year. This surge included a ₹24.00 lakh provision for bad debts, marking a notable deterioration in asset quality despite the absence of trade receivables at year-end. Total expenses for the year stood at ₹69.65 lakh, against total income of ₹14.90 lakh.

Financial Performance

The company’s balance sheet reflects a stagnant operational posture with significant inventory overhang. Key financial metrics for FY26 include:

Cash and cash equivalents remained negligible at ₹0.61 lakh as of March 31, 2026, marginally higher than ₹0.51 lakh in the previous year. The company did not declare any dividend for the year due to a lack of profits.

Audit Qualifications and Governance Concerns

Statutory auditors P. Murali & Co. issued a qualified opinion on the financial statements, citing two primary issues:

• Non-payment of GST liability amounting to ₹56.06 lakh as of March 31, 2026.
• Inability to verify physical existence and valuation of inventory aggregating to ₹1,313.14 lakh, as physical verification reports were not submitted.

Management stated that the GST liability remains unpaid due to the suspension of its GST registration, which is currently under appeal. Regarding inventory, the company noted that the assets pertain to past film productions and are not practically verifiable at present.

Furthermore, secretarial auditors Puttaparthi Jagannatham & Co. issued a disclaimer of opinion, stating they could not verify compliance with applicable laws due to the non-production of primary statutory records, including board minutes and registers. The auditors highlighted several compliance gaps, including delayed filings with stock exchanges and the absence of a whole-time Company Secretary during the fiscal year.

What the Numbers Show

The financial data reveals a critical divergence between the company’s asset base and its operational viability. While total assets stand at ₹1,963.20 lakh, 67.4% of this value is tied up in unverified inventory (₹1,313.14 lakh). With zero revenue from operations and a complete reliance on other income (₹14.90 lakh) that fell 37.1% year-on-year, the company lacks the cash generation capacity to service its growing liabilities or realize the value of its dormant inventory.

Outlook and Corporate Actions

The Board described the business performance as below expectations due to external and industry factors, including piracy risks. The outlook for FY27 focuses on strategic consolidation and rebuilding the portfolio. The 35th Annual General Meeting is scheduled for September 30, 2026, where shareholders will consider the adoption of financial statements and the reappointment of director G.V. Narasimha Rao.