Vision Cinemas sets Sep 9 record date for 33rd AGM
- Vision Cinemas sets September 9, 2026 as record date for 33rd AGM
- AGM scheduled for September 16, 2026 via video conference
- Share transfer books closed from September 10 to September 16, 2026
- Company reported FY26 net loss of ₹6.75 lakh vs profit last year
- Revenue fell 72% to ₹89.12 lakh in FY26
*this image is generated using AI for illustrative purposes only.
Vision Cinemas has fixed September 9, 2026 as the record date for its 33rd Annual General Meeting (AGM). The company will hold the meeting on September 16, 2026, via video conference.
The Register of Members and Share Transfer Books will remain closed from September 10, 2026 to September 16, 2026 (both days inclusive). This closure is pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
The company recently filed its annual report for FY26, revealing a net loss of ₹6.75 lakh compared to a net profit of ₹0.51 lakh in the previous year. Revenue from operations dropped significantly to ₹89.12 lakh from ₹320.36 lakh in FY25.
The decline in profitability was driven by a sharp contraction in top-line growth. Total expenses stood at ₹99.46 lakh, slightly higher than the revenue generated. Employee benefit expenses decreased to ₹4.86 lakh from ₹21.15 lakh, while other expenses fell to ₹90.94 lakh from ₹294.72 lakh. Depreciation remained stable at ₹3.65 lakh.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹89.12 lakh | ₹320.36 lakh | -72.2% |
| Total Expenses | ₹99.46 lakh | ₹319.53 lakh | -68.9% |
| Net Profit / (Loss) | ₹-6.75 lakh | ₹0.51 lakh | Turned to loss |
| Earnings Per Share | ₹-0.10 | ₹0.001 | Negative |
Key Agenda Items
The notice outlines specific resolutions for member approval at the upcoming AGM:
| Item | Description | Details |
|---|---|---|
| 1 | Adoption of Accounts | Approval of audited financial statements for FY ended March 31, 2026 |
| 2 | Re-Appointment | Mrs. Anitha Vasanth (DIN: 01763255) retires by rotation |
| 3 | Related Party Transactions | Approval for transactions with S I Media LLP, Vasanth Color Laboratories Ltd., and others |
| 4 | Secretarial Auditor | Appointment of CS S. Suresh for five years from FY27 |
Mrs. Vasanth, who also serves as CFO, holds 73,16,519 equity shares as of March 31, 2026. She has attended four Board meetings during FY26.
Related Party Transaction Limits
The company proposes to enter into non-arm’s length transactions with related parties, including wholly owned subsidiaries and entities with common key managerial personnel. The maximum value for each party is set at ₹20 crore annually. Interested directors will not be present during the discussion of these resolutions. The transactions involve revenue sharing on screening income and advertisement services.
E-Voting and Logistics
E-voting will be open from September 13, 2026, at 9:00 am until September 15, 2026, at 5:00 pm. The cut-off date for voting eligibility is September 9, 2026. Shareholders can vote remotely via CDSL or NSDL platforms.
Historical Stock Returns for Vision Cinemas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.28% | 0.0% | -3.28% | -4.84% | +6.31% | -12.59% |
What strategic initiatives is Vision Cinemas planning to implement to reverse the 72% decline in revenue and return to profitability in FY27?
How might the approval of ₹20 crore in related party transactions with entities like S I Media LLP impact the company's operational independence and shareholder value?
Given the re-appointment of CFO Mrs. Anitha Vasanth, what specific governance or financial restructuring measures has she outlined to address the recent net loss?
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