Picturehouse Media Limited appointed M/s. ARS & Associates Company Secretaries LLP as its Secretarial Auditor for a five-year term from FY27 to FY31. The appointment was approved by members at the company's 27th Annual General Meeting held on September 30, 2026.

The proceedings were conducted in compliance with the Companies Act, 2013 and SEBI regulations. Mr. Prasad V. Potluri, Chairman and Managing Director, chaired the session, which commenced at 10:00 am and concluded at 10:18 am. A quorum of 31 members was present via VC/OAVM. Four registered speakers raised queries during the session, which were addressed by the Chairman.

Leadership changes

The AGM ratified the appointments of P. J. Bhavani as Managing Director and Dileep Badey as Non-Executive Independent Director, effective September 30, 2026. These disclosures were made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

P. J. Bhavani, previously serving as a Non-Executive, Non-Independent Director, has been designated as Managing Director following her change in status to Executive Director. Her term extends until the conclusion of the AGM scheduled for 2031.

Dileep Badey, who was earlier appointed as an Additional Director, is now a Non-Executive Independent Director. He is not liable to retire by rotation and will serve until the conclusion of the AGM in 2031.

Profile highlights

The new leadership brings diverse professional backgrounds to the board:

Both appointees have affirmed that they are not related to any other director of the company and are not debarred from holding office by SEBI or any other authority.

Secretarial auditor appointment

Members approved the appointment of M/s. ARS & Associates Company Secretaries LLP as the Secretarial Auditor for the first term of five consecutive financial years commencing from FY27 to FY31. The auditor will hold office until the conclusion of the Annual General Meeting to be held in the year 2031.

The Audit Committee and the Board recommended this appointment after considering the firm's eligibility, qualifications, experience, independent assessment, expertise of its partners in providing secretarial audit related services, competency of its staff, and previous experience of the quality of audit work performed by the firm. M/s. ARS & Associates is a peer reviewed firm of Company Secretaries in Practice.

Meeting details and attendance

The meeting was held with the deemed venue at the Registered Office in Chennai. Key managerial personnel and directors attended through VC:

Mr. K.V.S. Subramanyam, Practicing Company Secretary, served as the Scrutinizer for the e-voting process. Voting results were submitted separately under Regulation 44.

Picturehouse Media Limited announced that M/s. D. Hanumanta Raju & Co., Company Secretaries, have resigned from the office of Secretarial Auditor with effect from August 29, 2026.

The resignation was tendered citing pre-occupation and other professional commitments. The firm had been appointed for a term of five consecutive financial years commencing from FY26 to FY30. They completed the Secretarial Audit for the financial year ended March 31, 2026.

Succession Plan and Regulatory Compliance

The company confirmed that there are no other material reasons for the resignation apart from the stated professional commitments. To ensure continuity in compliance, the Board proposes to appoint M/s. ARS & Associates Company Secretaries LLP as the new Secretarial Auditor.

This appointment is subject to shareholder approval at the Annual General Meeting scheduled for September 30, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Disclosure Details

The outgoing auditors confirmed they have no objection to the appointment of another Practising Company Secretary or Company Secretaries as the new Secretarial Auditor. The company has enclosed the resignation letter and requisite details as annexures to the regulatory filing.