Radaan Mediaworks India Limited reported a widened net loss of ₹482.36 lakh for the financial year ended March 31, 2026, compared to a profit of ₹33.73 lakh in the previous year, as statutory auditors flagged significant uncertainty over the company's ability to continue as a going concern. The company's net worth has fully eroded, and it faces a liquidity crunch with undisputed statutory dues of ₹355.81 lakh remaining unpaid as at March 31, 2026. Despite these conditions, the financial statements were prepared on a going concern basis based on management's confidence in meeting obligations and a revival plan for the digital segment of its subsidiary, Radaan Media Ventures Pte Ltd.

The Board of Directors, in its meeting held on May 29, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting also sanctioned the re-appointment of M/s. V Padmaja & Associates as internal auditors for FY 2026-27. SRSV & Associates, the statutory auditors, issued a qualified opinion on the results, citing material uncertainty relating to going concern and investments in the subsidiary amounting to ₹9.35 lakh that have not been impaired as per IND AS 36.

Revenue from operations for the year stood at ₹534.53 lakh, a sharp decline from ₹2,287.10 lakh in the prior year. Total income for FY26 was ₹643.97 lakh, down from ₹2,288.04 lakh in FY25. The company's total expenditure for the year was ₹1,128.34 lakh, significantly lower than the ₹2,258.14 lakh recorded in the previous financial year. Finance costs for the year amounted to ₹171.41 lakh, while employee benefit expenses stood at ₹115.40 lakh.

Financial Performance

The company's financial position reflects the stress, with total equity reported as a negative figure of ₹1,590.40 lakh as at March 31, 2026, compared to negative equity of ₹1,108.12 lakh in the previous year. Current liabilities exceeded current assets, with total current liabilities at ₹1,954.61 lakh against total current assets of ₹417.40 lakh. The cash and cash equivalents balance dropped to ₹4.86 lakh by the end of FY26 from ₹83.72 lakh at the beginning of the year.

Operational and Regulatory Disclosures

The notes to the accounts reveal that the cancellation of a construction agreement and sale deed for a property resulted in the recovery of ₹1,941.54 lakh, comprising land consideration, construction payments, and capitalised interest. This transaction contributed to a net cash inflow from investing activities of ₹1,919.75 lakh for the year. Additionally, provisions of ₹29.67 lakh relating to operational activities, no longer required for settlement, were reversed and included in other income.

The company stated that it functions under a single reportable segment, 'Media & Entertainment'. It also noted that the impact of new Labour Codes notified by the Government of India was assessed and found to be not material, hence not presented as an exceptional item. The auditors' report confirmed that the figures for the quarter ended March 31, 2026, are balancing figures derived from audited annual results and previously published unaudited year-to-date figures.

Radaan Mediaworks India Limited has appointed Ms. Ramya Ravi as its Company Secretary and Compliance Officer effective June 13, 2026. The Board of Directors approved the appointment during a meeting held on June 13, 2026, pursuant to Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This strategic move ensures the company meets its regulatory compliance requirements.

The appointment follows the requirements outlined in Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and a SEBI circular dated November 11, 2024. Ms. Ramya Ravi holds membership number ACS 53694 and brings experience from independent consultancy and various companies handling secretarial matters.

Details of Appointment

The Board meeting commenced at 4:45 PM IST and concluded at 6:10 PM IST. R. Radikaa Sarathkumar, Chairperson cum Managing Director, signed the regulatory filing confirming the change in key managerial personnel.