Sambhaav Media shareholders have approved the company’s audited financial statements for the fiscal year ended March 31, 2026, and reappointed Jagdish Pavra as a director. The resolutions were passed at the company’s 36th Annual General Meeting (AGM) held on August 13, 2026. The meeting commenced at 11:30 am via Video Conferencing/Other Audio Visual Means (OAVM), following the confirmation of requisite quorum. Shareholders were presented with the financial and operational performance of the company for the year 2025-26.

Voting Details

The company provided a remote e-voting facility on the NSDL platform from August 10, 2026, to August 12, 2026. Shareholders attending the AGM via VC who had not voted earlier were also permitted to cast their votes during the proceedings. The e-voting facility remained open for 15 minutes after the conclusion of the AGM, which ended at 12:06 pm. The cut-off date for determining shareholder eligibility for e-voting was August 6, 2026.

A total of 37 shareholders attended the meeting through VC or OAVM, comprising seven from the promoter group and 30 public shareholders. No shareholders attended in person.

Resolutions Passed

Both ordinary resolutions proposed at the AGM were passed with the requisite majority based on the consolidated report of the scrutinizer for remote e-voting and voting during the AGM. The results were disclosed in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Adoption of the Annual Accounts, including the Directors’ Report and Auditors’ Report, for the financial year ended March 31, 2026.
2. Reappointment of Jagdish Pavra (DIN: 02203198) as a director, who retires by rotation pursuant to Section 152 of the Companies Act, 2013.

Voting Breakdown by Category

The promoter group held 120,273,982 shares and polled 113,375,982 votes, representing a participation rate of 94.26%. All promoter votes were cast in favour of both resolutions. Public non-institutional shareholders held 70,360,418 shares and polled 5,900,657 votes (8.39% participation). Of these, 5,883,585 votes (99.71%) were cast in favour, while 17,072 votes (0.29%) were against. Public institutional shareholders did not participate in the voting.

Overall, 119,259,567 votes (99.99%) were cast in favour of the resolutions, while only 17,072 votes (0.01%) were against. The proceedings included a question-and-answer session where registered speaker shareholders participated. The company secretary, Manisha Mali, confirmed that all queries were addressed satisfactorily. The consolidated scrutinizer’s report was submitted by Umesh Ved & Associates, confirming that all regulatory requirements under Section 108 and 109 of the Companies Act, 2013, were met.

Sambhaav Media Limited reported a standalone net loss of ₹100.74 lakhs for the first quarter ended June 30, 2026, reversing a net profit of ₹0.70 lakhs recorded in Q1FY25. The widening loss was largely attributable to a one-time strategic expenditure of ₹82.04 lakhs incurred for rebranding its radio channel from TOP FM to LFM, which management classified under other expenses. This development signals a transitional phase for the company’s audio media business, with short-term margin pressure expected to ease once the rebranding cycle concludes. The consolidated net loss stood at ₹211.04 lakhs compared to ₹27.82 lakhs in the prior year period, reflecting both operational headwinds and a share of loss from its associate entity.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 06, 2026. The results were reviewed by the Audit Committee and subsequently audited by Dhirubhai Shah & Co. LLP, the statutory auditor, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 47 of the same regulations, the company published extracts of these results in Business Standard (English) and Loksatta Jansatta (Gujarati) on August 07, 2026.

Financial Performance

Revenue from operations increased 4.7% year-on-year to ₹852.90 lakhs on a standalone basis, up from ₹814.65 lakhs in Q1FY25. Consolidated revenue rose 4.2% to ₹961.72 lakhs from ₹922.53 lakhs. Other income remained relatively stable at ₹40.14 lakhs versus ₹38.05 lakhs previously. However, total expenses surged to ₹990.62 lakhs from ₹847.80 lakhs, driven by higher other expenses linked to the rebranding campaign. Broadcasting expenses remained flat at ₹300.00 lakhs, while employee benefits decreased to ₹82.88 lakhs from ₹94.88 lakhs.

On a consolidated basis, the share of loss from the associate company, Gujarat News Broadcaster Private Limited, amounted to ₹90.14 lakhs, contributing significantly to the overall bottom-line deterioration. This contrasts with a share of profit of nil in the previous quarter. The statutory auditor noted that the associate’s financials were reviewed by their own auditors and were not subject to direct review by Dhirubhai Shah & Co. LLP.

What the Numbers Show

The divergence between revenue growth and expense inflation highlights the impact of non-recurring strategic investments. While top-line growth of nearly 5% indicates steady demand across its media and technology segments, the 16.8% jump in standalone expenses underscores the cost intensity of the LFM rebranding. Excluding the ₹82.04 lakhs rebranding cost, the standalone pre-tax position would have been significantly less negative, suggesting that core operational profitability remains resilient despite the headline loss. The Technology and Allied Business segment contributed positively with a segment result of ₹74.18 lakhs, offsetting some of the pressure from the Media and Allied Business segment, which reported a segment loss of ₹60.51 lakhs.