Sambhaav Media Limited reported a standalone net profit of ₹44.40 lakh for the financial year ended March 31, 2026, a significant decline from ₹109.63 lakh in the previous year. Revenue from operations increased by 3.26% to ₹3,867.30 lakh, while total income rose to ₹4,004.03 lakh.

The company’s total expenses for the year stood at ₹3,853.32 lakh, up from ₹3,722.18 lakh in the previous year. Finance costs increased to ₹112.91 lakh from ₹105.32 lakh, while depreciation and amortization expenses were recorded at ₹350.51 lakh. Consequently, profit before tax fell to ₹150.71 lakh from ₹212.42 lakh. After accounting for a tax expense of ₹106.31 lakh, the company arrived at a profit after tax of ₹44.40 lakh.

Financial Highlights

| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) | |---|---:|---:|---| | Revenue from Operations | 3,867.30 | 3,745.25 | | Total Income | 4,004.03 | 3,934.60 | | Total Expenses | 3,853.32 | 3,722.18 | | Profit Before Tax | 150.71 | 212.42 | | Net Profit | 44.40 | 109.63 | | Earnings Per Share (Basic & Diluted) | 0.02 | 0.06 |

The board has decided not to recommend any dividend for the financial year ended March 31, 2026. The paid-up equity share capital remained unchanged at ₹1,911.11 lakh, comprising 191,110,840 equity shares of ₹1 each.

Operational Overview

Sambhaav Media operates across print, radio, and digital media segments. During the year, the company rebranded its radio network from "TOP FM" to "LFM" with effect from March 19, 2026. The rebranding aims to strengthen audience engagement through entertainment-driven programming.

The company’s subsidiary, Ved Technoserve India Private Limited, executed projects for the Gujarat State Road Transport Corporation (GSRTC), including the Integrated Vehicle Tracking (IVT) and Passenger Information System (PIS). Additionally, the subsidiary entered a new business segment for Electric Smart Power Fence, completing a pilot project for the Pathankot Airbase assigned by Bharat Electronics Ltd.

Strategic Developments

A significant milestone during the year was the conversion of preference shares and compulsorily convertible debentures aggregating ₹1,675.00 lakhs into equity shares of Gujarat News Broadcasters Private Limited (GNBPL). This increased Sambhaav Media’s shareholding in GNBPL to 36.85%, making it an associate company effective December 4, 2025.

Corporate Governance

The company has appointed M/s. Dhirubhai Shah & Co LLP as statutory auditors for a term of five years. The secretarial audit was conducted by Mr. Umesh Ved of M/s. Umesh Ved & Associates. The auditors' report did not contain any qualifications or adverse remarks.

The company’s net worth as at March 31, 2026, stood at ₹8,373.29 lakh, compared to ₹8,363.57 lakh in the previous year. Total debt decreased to ₹59.49 lakh from ₹620.73 lakh.

Sambhaav Media Limited has received a refund of ₹32,59,454 from the Income Tax Department following a rectification order for Assessment Year 2018-19. The order, issued by the Office of the Deputy Commissioner of Income Tax, Central Circle – 2(4), Ashram Road, Ahmedabad, deleted a previous demand of ₹43,22,980. The company received the communication on June 4, 2026, at 07:20 p.m.

The rectification order dated May 19, 2026, addressed the original assessment order for the specified financial period. The department confirmed that no violation or contravention was committed by the company. The deletion of the demand and the subsequent refund will improve the company's cash flow and financial position for the current fiscal year.

Details of the Order

The following table outlines the key details of the rectification order and its financial impact:

The submission was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manisha Mali, Company Secretary, signed the disclosure on behalf of Sambhaav Media Limited.