Shalimar Productions Ltd has entered into an arrangement with independent co-producers for the production and commercial exploitation of a Punjabi language feature film. The film stars Prince Kawaljeet Singh along with other artists. This strategic move aims to leverage co-production models for content creation.

The arrangement has been entered into in the ordinary course of the company's business activities. The parties involved have agreed to maintain strict confidentiality regarding the commercial terms and other proprietary information relating to the project. This ensures that sensitive financial and operational details remain protected.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited regarding this development to keep its stakeholders and members updated on significant business activities.

Shalimar Productions Limited reported a widened net loss of ₹119.27 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹70.72 lakh in the previous year. The company's revenue from operations declined sharply to ₹16.44 lakh in FY26 from ₹266.55 lakh in FY25, reflecting a substantial contraction in business activity. The total expenditure for the year stood at ₹135.72 lakh, down from ₹337.97 lakh in the prior year.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹27.25 lakh on a revenue of ₹0.03 lakh. In the corresponding quarter of the previous year, the net loss was ₹20.39 lakh on revenue of ₹48.16 lakh. Total income for the quarter ended March 31, 2026, was ₹0.03 lakh, a steep drop from ₹48.16 lakh in the same period last year. The basic and diluted earnings per share (EPS) for the year remained negative at (0.01).

The board of directors, in its meeting held on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The meeting also sanctioned the re-appointment of Mr. Lakhpat M. Trivedi as the Internal Auditor of the company for the financial year 2026-27. The trading window for dealing in the company's securities will open 48 hours after the results were made public on May 30, 2026.

The standalone balance sheet as of March 31, 2026, shows total assets at ₹10,810.29 lakh, slightly higher than ₹10,754.97 lakh in the previous year. Equity share capital remained unchanged at ₹9,843.28 lakh. Reserves and surplus decreased to ₹172.76 lakh from ₹292.02 lakh in FY25. Current liabilities increased to ₹792.76 lakh from ₹619.67 lakh in the prior year.

The cash flow statement for the year indicates a net increase in cash and cash equivalents of ₹1.54 lakh, bringing the closing balance to ₹6.11 lakh. Cash flow from operating activities was positive at ₹4.03 lakh, compared to a negative outflow of ₹154.70 lakh in the previous year. Investing activities resulted in a cash outflow of ₹2.49 lakh, while financing activities showed no cash flow.

Financial Results Summary

M/s. Bhatther and Associates, Chartered Accountants, audited the standalone financial results. In their report, they stated that the results give a true and fair view of the company's financial position in conformity with Indian accounting standards. There were no key audit matters communicated in the report.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE435E01020/32c37272-e186-4269-a4a6-14f6f853ce8d.pdf