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.

Pritish Nandy Communications Limited has initiated a postal ballot process to seek shareholder approval for changing its name to PNC Media and Entertainment Limited. The Board of Directors approved the proposal on July 03, 2026, aiming to align the corporate identity with the company's strategic evolution towards a broader media and entertainment ecosystem. The rebranding is intended to better reflect present and future business activities, including content creation, film production, and digital entertainment, while preserving the goodwill associated with the "PNC" acronym.

The proposed change requires the approval of shareholders, the Ministry of Corporate Affairs, and other statutory authorities. Consequently, the Board has also approved the alteration of the Name Clause in the Memorandum of Association and the Articles of Association to substitute the existing name with the new one. These alterations are consequential and will become effective upon the issuance of a fresh Certificate of Incorporation by the Registrar of Companies. The Registrar of Companies has already approved the reservation of the proposed name via a letter dated June 24, 2026.

Mr Vinayak N Deodhar of V. N. Deodhar & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer to conduct the postal ballot process through remote e-voting. The process ensures a fair and transparent mechanism for shareholders to participate in the decision-making. The resolutions will be passed as Special Resolutions, necessitating a requisite majority for approval. An independent certificate from B. D. Jokhakar & Co., Chartered Accountants, confirms compliance with the conditions specified under Regulation 45(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders registered as on the cut-off date of July 03, 2026, are eligible to vote. The remote e-voting period commences on July 07, 2026, at 9:00 AM IST and concludes on August 05, 2026, at 5:00 PM IST. The results of the postal ballot, along with the Scrutinizer's Report, will be declared within two working days from the conclusion of the e-voting period and subsequently communicated to the stock exchanges.

Key Postal Ballot Dates

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE392B01011/0caa1575fcfc4f24.pdf