Pritish Nandy Communications Limited has approved its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1FY26). The Board of Directors also noted the cessation of Mr Raghu Ravunni Palat as a Non-Executive Independent Director following the completion of his second consecutive five-year term on August 8, 2026.

The board meeting commenced at 3.00 PM and concluded at 5.00 PM on August 3, 2026. In compliance with Regulation 30 read with Schedule III and Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the company submitted the outcome to the Bombay Stock Exchange and the National Stock Exchange. The statutory auditors issued limited review reports on the financial results for the period.

Key Board Decisions

The primary agenda items included the approval of financial statements and the administrative note regarding the director's tenure. The board placed on record its appreciation for Mr Palat’s guidance and contributions during his decade-long association with the company. He was originally appointed on August 9, 2016, for a five-year term and was subsequently re-appointed for a second consecutive term.

Regulatory Disclosures

Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company disclosed the reason for the change in directorship as the completion of the term. Mr Palat ceased to be a director effective August 8, 2026. The disclosure was enclosed as Annexure A in the submission to the exchanges.

Priyanka Shah, Company Secretary and Compliance Officer, signed the communication on behalf of the company. The filing confirms that all procedural requirements under the SEBI Listing Regulations have been met for the quarter.

Pritish Nandy Communications reported a net loss of ₹77.11 lakh for the first quarter ended June 30, 2026 (Q1FY27), marking a significant deterioration from the net profit of ₹61.75 lakh recorded in the corresponding quarter of the previous year. The decline was driven by a sharp contraction in revenue from operations, which fell 92.6% year-on-year to ₹157.54 lakh from ₹2,119.42 lakh. This revenue drop reflects lower amortization of content costs and reduced activity in the content segment, which remains the company’s primary business line. Despite the financial downturn, management confirmed that pre-production is underway for Season 2 of the Netflix original series The Royals, with filming scheduled to commence in Q2FY27.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 3, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The results were reviewed by the statutory auditors, B. D. Jokhakar & Co., who issued a limited review report under Standard on Review Engagements (SRE) 2410. The auditors noted no material misstatements but highlighted ongoing legal proceedings regarding an advance recovery claim.

Financial Performance

The company’s total income stood at ₹173.90 lakh, down from ₹2,133.62 lakh in Q1FY26. Total expenses decreased proportionally to ₹250.51 lakh from ₹2,071.88 lakh, primarily due to a significant reduction in cost of content, which dropped to ₹31.65 lakh from ₹1,831.89 lakh. Employee benefits expense remained relatively stable at ₹134.53 lakh, while other expenses rose slightly to ₹72.50 lakh from ₹113.73 lakh. Finance costs were contained at ₹3.52 lakh.

The loss before tax widened to ₹76.61 lakh from a profit of ₹61.74 lakh in the prior year quarter. Deferred tax expense of ₹0.50 lakh further impacted the bottom line. Basic and diluted earnings per share turned negative at ₹(0.53), compared to ₹0.43 in Q1FY26.

Segment and Legal Updates

The company operates through two segments: Content and Wellness. The Content segment, which accounts for the vast majority of assets and liabilities, reported a pre-tax loss of ₹89.35 lakh, compared to a profit of ₹50.98 lakh in Q1FY26. The Wellness segment continued to operate at a marginal loss of ₹0.10 lakh. Segment assets declined to ₹6,835.49 lakh from ₹9,649.51 lakh, reflecting asset write-downs or disposals not detailed in the summary notes.

B. D. Jokhakar & Co., the statutory auditors, drew attention to Note 2 regarding legal proceedings initiated by the company for the recovery of an advance of ₹150 lakh from Saboo Films Pvt Ltd and Bharat Film Works. The City Civil Court, Mumbai, had directed payment of ₹247 lakh plus interest in October 2025. The company filed an appeal in December 2025 in the Bombay High Court to include all defendants jointly and severally. Management considers the ₹150 lakh advance fully recoverable and has not made any provision against it.

Corporate Governance Changes

The Board noted the completion of the second consecutive term of Mr. Raghu Ravunni Palat as a Non-Executive Independent Director with effect from August 8, 2026. He served the company for 10 years, having been initially appointed on August 9, 2016. The Board placed on record its appreciation for his guidance and contributions during his tenure. Disclosure regarding this change was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.