Revati Media Limited reported a net loss of ₹30.72 lakh for the financial year ended March 31, 2026, widening from a loss of ₹27.81 lakh in the previous year.

The media rights trading firm generated zero revenue from operations during FY26, continuing its operational dormancy. Total expenses rose to ₹30.72 lakh from ₹27.81 lakh in FY25, driven primarily by a sharp increase in finance costs.

Financial Performance

The company’s total income stood at nil, as it recorded no revenue from operations and no other income during the year. In contrast, FY25 saw minor other income of ₹6,400.

Total expenses increased by approximately 10% year-on-year. Finance costs surged to ₹3.87 lakh from just ₹1,200 in the prior year. Employee benefit expenses declined slightly to ₹19.59 lakh from ₹20.47 lakh, while other expenses remained relatively stable at ₹7.26 lakh.

Balance Sheet Signals

As of March 31, 2026, Revati Media held total assets of ₹254.97 lakh, comprising non-current assets of ₹233.49 lakh and current assets of ₹21.48 lakh. Cash and cash equivalents increased to ₹1.39 lakh from ₹30,180 in the prior year.

Borrowings under non-current liabilities rose to ₹190.30 lakh from ₹170.85 lakh. This includes secured loans from Maharashtra State Financial Corporation (MSFC) and SICOM Ltd. The auditors noted that fixed assets worth ₹52.36 lakh were taken over by MSFC in 1998 but remain un-written off in the books due to pending settlement data.

What the Numbers Show

The widening loss despite flat employee costs highlights the drag from interest accruals. Finance costs jumped over 30-fold to ₹3.87 lakh while revenue remained at zero, indicating that debt servicing is the primary driver of the annual deficit rather than operational expenditures.

Corporate Governance

The company convened its 33rd Annual General Meeting on September 30, 2026. Key agenda items included the adoption of audited financial statements and the re-appointment of Executive Director Manish Shah by rotation.

No dividend was recommended for FY26 given the incurred losses. The Board also disclosed that corporate governance provisions under SEBI Listing Regulations are not applicable as the company’s paid-up capital and net worth fall below the prescribed thresholds.

Revati Media Limited reported a net loss of ₹30.72 lakh for the financial year ended March 31, 2026, with zero revenue from operations. The company's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, on May 27, 2026. Total expenses for the year amounted to ₹30.72 lakh, primarily driven by employee benefits expense of ₹19.59 lakh and finance costs of ₹3.87 lakh.

Financial Performance

The company reported a basic and diluted loss per share of ₹1.02 for FY26, compared to a loss of ₹0.93 in the previous year. For the quarter ended March 31, 2026, the net loss stood at ₹10.55 lakh, with a loss per share of ₹0.35. Total income for the year was nil, while other income was recorded at ₹0.01 lakh in the prior year.

Auditor's Qualified Opinion

Statutory auditors B. L. Dasharda & Associates issued a qualified opinion in their report. The qualification relates to fixed assets amounting to ₹52.35 lakh that were taken over by Maharashtra State Financial Corporation (MSFC) in 1998 but have not been written off from the books. Additionally, secured loans outstanding from MSFC amounting to ₹1.03 crore and from SICOM Ltd amounting to ₹16.24 lakh remain on the balance sheet. The company stated that the amount payable to these institutions after adjusting the value of fixed assets is not ascertainable due to a lack of relevant data.

Balance Sheet Highlights

The company's total assets as of March 31, 2026, stood at ₹254.97 lakh, down from ₹267.60 lakh in the previous year. Equity share capital remained constant at ₹300 lakh, while other equity recorded a negative balance of ₹241.98 lakh. Borrowings increased to ₹190.30 lakh from ₹170.85 lakh in the prior year. Cash and cash equivalents improved to ₹1.39 lakh from ₹0.30 lakh.