Revati Media Limited reported a net loss of ₹7.04 lakh for the quarter ended June 30, 2026, widening from a loss of ₹5.99 lakh in the corresponding period of FY25. The Mumbai-based media company recorded zero revenue from operations and zero other income, marking a continuation of its operational dormancy. Total expenses for the quarter stood at ₹7.04 lakh, an increase from ₹5.99 lakh in Q1FY26, driven by higher employee benefit expenses and other operating costs.

The Board of Directors approved the unaudited financial results during a meeting held on August 11, 2026. Statutory auditors B. L. Dasharda & Associates issued a limited review report on the standalone financial statements. The audit committee reviewed and recommended the results before they were placed before the Board for approval. The company also appointed Mrs. Razia Bashir Mujawar as Company Secretary and Compliance Officer and M/s. Girish Murarka & Co. as Secretarial Auditor for financial year 2026-27.

Financial Performance Breakdown

The company’s expense structure remained largely unchanged in nature but increased slightly in magnitude compared to the previous year. Employee benefits, the largest cost component, rose to ₹5.30 lakh from ₹4.40 lakh in Q1FY26. Other expenses increased to ₹1.74 lakh from ₹1.59 lakh in the prior year quarter. No finance costs were incurred during the quarter, unlike the full-year FY26 where finance costs amounted to ₹3.87 lakh. There were no provisions for current or deferred tax due to carry-forward losses.

Auditor Emphasis of Matter

The statutory auditor highlighted a significant matter regarding fixed assets taken over by Maharashtra State Financial Corporation (MSFC) in November 1998 under Section 29 of the State Financial Corporations Act, 1951. Despite ceasing ownership, the company has not written off these assets valued at ₹52,35,848 in its books. Outstanding secured loans from MSFC amount to ₹1,03,76,328, while dues to SICOM Ltd stand at ₹16,24,436 as of June 30, 2026. The auditor noted that the payable amount after adjusting asset values is not ascertainable due to missing data, potentially impacting the financial position significantly.

Corporate Governance Updates

In addition to approving the results, the Board decided to convene the 33rd Annual General Meeting on September 30, 2026. Shareholders holding shares on the cutoff date of September 23, 2026, will be eligible for e-voting. The remote e-voting window opens on September 27, 2026, at 9:00 AM IST and closes on September 29, 2026, at 5:00 PM IST. Mr. Girish Murarka has been appointed as the Scrutinizer for the e-voting process. An internal team has been constituted to conduct the internal audit for FY26-27.

Revati Media Ltd has accepted the resignation of Mrs. Shivani Ashish Mishra from the position of Company Secretary and Compliance Officer, effective July 7, 2026. The resignation follows a notice period of 30 days and is attributed to personal reasons. The company confirmed that there are no other material reasons for her departure beyond those stated in her resignation letter.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, regarding the intimation of the change in key managerial personnel.

Mrs. Shivani Ashish Mishra submitted her resignation to the Board of Directors on June 8, 2026, requesting that necessary forms be filed with the Registrar of Companies and stock exchanges to give effect to her resignation. The company has since processed the cessation and updated its records accordingly.

Resignation Details

The following table outlines the key details regarding the cessation of Mrs. Shivani Ashish Mishra:

The resignation was formally approved and signed by Director Manish Shah on behalf of Revati Media Limited. The company has ensured compliance with all regulatory requirements associated with the change in its compliance officer.