SEA TV NETWORK LIMITED has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial results during a meeting held on May 20, 2026, via video conferencing. The company reported a consolidated net profit of ₹51.78 lacs for the full year, while the standalone entity recorded a net loss of ₹150.04 lacs for the same period.

Financial Performance

For the financial year ended March 31, 2026, the company's consolidated total income stood at ₹1,243.52 lacs. Total expenses for the consolidated entity were reported at ₹1,192.35 lacs. In the standalone perspective, total income was ₹692.43 lacs against total expenses of ₹842.47 lacs. The basic earnings per share (EPS) for the consolidated entity was ₹0.43, whereas the standalone EPS was reported at a loss of ₹1.25.

Audit Qualification

The statutory auditors, Doogar & Associates, issued a qualified opinion in their report. The qualification arises because the company has not provided for interest on unsecured loans amounting to ₹69.84 lacs for the quarter and ₹233.14 lacs for the financial year ended March 31, 2026. The auditors noted that this non-recognition is not in compliance with Ind AS 109, which requires financial liabilities to be measured at amortized cost.

Management stated that due to financial constraints, the company is currently unable to service these interest obligations and is considering a restructuring of loan terms. However, no formal waiver or amendment of terms has been executed with the lenders as of the reporting date. Had the interest been recognized, the loss for the year would have increased by ₹233.14 lacs, and current liabilities would have been higher by the same amount.

SEA TV NETWORK has submitted an initial disclosure to the Bombay Stock Exchange confirming that the company does not fall under the category of Large Corporate as per the applicability criteria specified in the SEBI circular on fund raising by issuance of Debt Securities by Large Corporate. The disclosure, dated April 23, 2026, was submitted pursuant to Para 3.1(a) of the SEBI circular.

The company provided detailed information in Annexure A, confirming its status under the regulatory framework. The disclosure was submitted by Karishma Jain, Company Secretary cum Compliance Officer, and Manish Jain, Chief Financial Officer.

Company Details and Financial Position

The disclosure includes comprehensive information about SEA TV NETWORK LIMITED's financial position and regulatory compliance status:

The company explicitly confirmed that it does not qualify as a Large Corporate under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This confirmation is based on the applicability criteria outlined in the circular, which includes thresholds for outstanding borrowing and credit rating requirements.

Regulatory Compliance

The SEBI circular mandates that entities identified as Large Corporates must maintain a certain level of mandatory borrowing through debt securities. In the event of a shortfall in such mandatory borrowing, a fine of 0.2% of the shortfall is levied by Stock Exchanges at the end of the two-year block period, beginning from FY 2022. However, since SEA TV NETWORK LIMITED does not meet the criteria for classification as a Large Corporate, these requirements are not applicable to the company.

The disclosure was digitally signed by Karishma Jain on April 23, 2026, at 17:33:51 IST, and submitted to the Listing Department of the Bombay Stock Exchange Limited for information and record purposes.