Sungold Media And Entertainment Limited has filed its Annual Report for the financial year ended March 31, 2026, under Regulation 34, ahead of its 31st Annual General Meeting scheduled for June 30, 2026. The meeting will be held at 11:00 A.M. at the company's registered office at 102, 1st Floor, 36, Shri Rang Residency, Vadia, Rajpipla, Narmada, Gujarat. The register of members and share transfer books will remain closed from June 24, 2026, to June 30, 2026, with the cut-off date for determining shareholder entitlement fixed as June 23, 2026. Remote e-voting will be available from June 26, 2026, at 9:00 A.M. to June 29, 2026, at 5:00 P.M., with CS Vineeta Patel appointed as Scrutinizer.

Key AGM Dates

The following table summarises the important dates for the 31st AGM:

Financial Performance for FY26

The company's audited financial statements for FY26 reflect a modest improvement in revenue alongside a decline in net profit compared to the previous year. Revenue from operations rose to ₹88.41 lakhs from ₹83.67 lakhs, while total income including other income stood at ₹88.82 lakhs against ₹84.01 lakhs. Net profit after tax for the year came in at ₹2.32 lakhs, compared to ₹2.85 lakhs in the prior year, with total expenses increasing to ₹85.71 lakhs from ₹80.20 lakhs. Earnings per share (basic and diluted) stood at ₹0.02 for FY26 versus ₹0.03 in FY25. No dividend was declared or paid during the year.

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹1,165.79 lakhs compared to ₹1,165.53 lakhs in the prior year. Non-current financial assets (long-term loans and advances) increased to ₹1,027.60 lakhs from ₹953.10 lakhs. Cash and cash equivalents declined significantly to ₹24.29 lakhs from ₹141.63 lakhs, while trade receivables stood at ₹28.50 lakhs against ₹32.00 lakhs. On the equity and liabilities side, equity share capital remained unchanged at ₹1,100.00 lakhs, with other equity rising to ₹62.73 lakhs from ₹60.41 lakhs, reflecting the retained surplus carried forward.

AGM Agenda and Special Business

The ordinary business at the AGM includes adoption of the audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Keyur Gandhi (DIN: 03494183), who retires by rotation and is eligible for re-appointment. Mr. Gandhi holds a bachelor's degree in commerce and has 18 years of experience in accounts and administration and 23 years in print and electronic media. His last drawn remuneration for FY26 was ₹12,000. Under special business, shareholders will consider the remuneration payable to Raj Kotia (DIN: 06360347), Chairman and Managing Director, for a period of two years from March 23, 2026, to March 22, 2028, at a monthly remuneration of ₹1,50,000, with potential annual increments as recommended by the Board or the Nomination and Remuneration Committee.

Remuneration and Employee Details

The company's remuneration disclosures indicate that Mr. Raj Kotia (CMD) received a total remuneration of ₹10,98,000 for FY26, with a ratio of remuneration to median employee remuneration of 1.67:1. The Managing Director's remuneration increased by 20.48% during the year, while the Company Secretary's salary increased by 14.29%. The median remuneration of employees for FY26 stood at ₹60,500, reflecting a 0.80% increase over the FY25 median of ₹60,020. Related party salary payments included ₹7.44 lakhs to Dhaval Kotia, ₹7.78 lakhs to Daiv Kotia, and ₹6.58 lakhs to Shweta Dhaval Kotia, all relatives of key managerial personnel.

Auditor's Report and Governance

The independent auditor, Bharat Gupta & Co. (Firm Registration No. 131010W), issued an unqualified opinion on the Ind AS financial statements for the year ended March 31, 2026, confirming that the statements give a true and fair view of the company's financial position. The auditor noted that the company has adequate internal financial controls over financial reporting. The secretarial audit, conducted by Vineeta Patel & Co., confirmed that the company has prima facie complied with applicable laws and regulations. Notable corporate developments during the year include the alteration of the Main Object Clause of the Memorandum of Association and the approval for reclassification of certain persons from the Promoter and Promoter Group category to the public category, in compliance with applicable SEBI regulations. The board held six meetings during FY26, with all four directors attending all meetings.

Sungold Media and Entertainment Limited appointed Mr. Amit Kotia as its Chief Financial Officer effective June 05, 2026, strengthening its leadership team. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. Mr. Kotia brings over 46 years of experience in property development, fund raising, and mutual fund placements to the role.

Mr. Amit Kotia holds a Bachelor of Arts degree in Economics from Gujarat University. His professional expertise includes raising funds at minimum cost and attracting foreign investments. The appointment involves related party disclosures, as several of Mr. Kotia's relatives hold significant positions and stakes in the company.

Related Party Disclosures

The filing detailed the familial relationships between the new CFO and the company's promoters:

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued by BSE and NSE.