Thinking Hats Entertainment Solutions Limited has confirmed that its promoters and promoter group have not created any encumbrance on the company's shares during the financial year ended March 31, 2026. This disclosure ensures that the shares held by the promoters remain free from any security interest or charge, providing clarity to shareholders regarding the ownership status during the specified period.

The declaration was submitted to the National Stock Exchange of India Limited on April 6, 2026, by Rajesh Bhardwaj on behalf of the members of the Promoters and Promoter Group & Persons Acting in Concert. The filing was made in compliance with Regulation 31(4) and (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Key Disclosure Details

The following table summarizes the key details of the regulatory filing:

The confirmation covers both direct and indirect encumbrances on the shares of the company. The disclosure is a mandatory requirement under the takeover regulations to ensure transparency regarding the holding patterns of promoters.

Thinking Hats Entertainment Solutions reported a 66.1% decline in net profit to ₹124.42 lakh for the financial year ended March 31, 2026, down from ₹366.50 lakh in the previous year. Revenue from operations fell 50.6% to ₹2,352.25 lakh from ₹4,766.80 lakh in FY25, primarily driven by lower performance in the Event Management and Retail Visual Merchandising segments. The Board of Directors approved the audited financial results for the year and half-year ended March 31, 2026, at a meeting held on May 26, 2026.

Total expenses for the year decreased to ₹2,241.60 lakh from ₹4,317.10 lakh in the previous year. The company reported a basic earnings per share (EPS) of ₹1.00 for FY26, compared to ₹3.42 in FY25. Statutory auditors M/s. Baid Agarwal Singhi & Co issued an unmodified opinion on the financial statements.

Financial Performance

The Retail Visual Merchandising segment contributed the most to segment results, reporting a profit before interest and tax of ₹569.60 lakh for the year, though this was lower than the ₹801.34 lakh reported in the previous year. The Event Management segment reported a profit of ₹142.01 lakh, down from ₹250.21 lakh in FY25.

Corporate Governance Updates

The Board approved the reclassification of Mr. Gaurav Singhania and Mrs. Shruti Singhania from the 'Promoter' and 'Promoter Group' categories to the 'Public' category, subject to stock exchange approval. The shareholders confirmed they do not hold more than 10% of the total voting rights and do not exercise control over the company's affairs. Additionally, the Board appointed M/s. Shubham V Gupta & Associates as the Internal Auditor for FY 2026-27.

The company's corporate office will shift from New Delhi to Mumbai effective June 1, 2026. The registered office is located at KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai.