Balaji Telefilms Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing significant challenges across its business segments. The entertainment company reported widening losses and declining revenues, reflecting ongoing pressures in the media and entertainment industry.

Financial Performance Overview

The company's standalone financial performance showed deterioration across key metrics during Q3FY26. Revenue from operations declined substantially, while losses expanded compared to the previous year periods.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025 demonstrated the company's ongoing financial challenges. Revenue from operations for the nine-month period stood at ₹16,321.87 lacs compared to ₹38,683.86 lacs in the corresponding previous year period, representing a decline of 57.79%. The net loss for nine months widened to ₹3,274.84 lacs from ₹272.15 lacs in the previous year.

Segment-wise Business Performance

The consolidated results revealed varying performance across the company's three primary business segments:

The Films segment experienced the most significant revenue decline, dropping 83.67% year-on-year, while the Digital segment showed modest growth of 12.37% despite reporting losses.

Digital Platform Transformation

A significant development during the period was the company's digital platform transition. The ALT OTT application was discontinued on July 25, 2025, following directives from the Ministry of Information & Broadcasting. As part of its strategic digital evolution, the company launched a new OTT application called Kutimgg on September 9, 2025. Management assessed that related assets aggregating to ₹401.32 lacs as of December 31, 2025 remain recoverable based on their business plans.

Corporate Developments

The company completed the amalgamation of ALT Digital Media Entertainment Limited and Marinating Films Private Limited, which was approved by the National Company Law Tribunal on June 10, 2025, with an appointed date of April 1, 2024. This amalgamation was accounted for using the pooling of interest method, with comparative figures restated accordingly.

Regulatory Compliance

The company addressed the implementation of India's consolidated labour codes, which became effective from November 21, 2025. Management assessed that the incremental impact of these regulatory changes is not material to the financial results for the quarter and nine months ended December 31, 2025.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026, with limited review conducted by statutory auditors Deloitte Haskins & Sells LLP.

Balaji telefilms Limited's board of directors convened on February 13, 2026, to address key governance matters, including the appointment of an independent director and resolution of regulatory compliance issues. The meeting, which lasted from 04:00 p.m. to 08:20 p.m., focused on strengthening the company's board composition and addressing previous regulatory shortfalls.

Board Approvals and Postal Ballot Process

The board considered and approved a notice for postal ballot along with the calendar of events to seek shareholder approval through special resolution. The proposed appointment involves Mr. Pankaj Baikunthnath Chaturvedi, bearing DIN 00142853, who is set to join as Non-Executive Independent Director of the company.

Regulatory Compliance and Penalty Resolution

The board was apprised of regulatory issues stemming from a letter dated November 28, 2025, received from the stock exchanges. The exchanges had levied a penalty on the company for not maintaining the requisite number of independent directors on the board during the quarter ended September 30, 2025.

The company has since addressed this compliance gap through corrective measures. The board noted that the default was rectified effective December 30, 2025, following the appointment of a new independent director. Additionally, the penalty levied by both BSE and NSE has been paid in full by the company.

Meeting Details and Disclosure

The board meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Tannu Sharma, with membership number ACS30622, signed the disclosure document.

The company has committed to making this information available on its official website at www.balajitelefilms.com , ensuring transparency and compliance with listing regulations. The disclosure was submitted to both BSE (Stock Code: 532382) and NSE (Stock Code: BALAJITELE) as required under regulatory guidelines.