Creative Eye Limited's Board of Directors convened on February 17, 2026, to approve the company's unaudited financial results for multiple quarters, revealing substantial operational challenges and exceptional losses during recent periods.

Board Meeting Outcomes

The Board meeting, held at the company's registered office from 12:00 PM to 3:20 PM, approved several key matters including standalone unaudited financial results for the quarter and half year ended September 30, 2025, and results for the quarter and nine months ended December 31, 2025. The results were reviewed by the audit committee and subjected to limited review by statutory auditors STDJ & Company.

Q3FY25 Financial Performance

Creative Eye's Q3FY25 results demonstrated a marked deterioration in operational performance compared to the previous year. The company reported zero revenue from operations, representing a complete decline from ₹125.00 lacs in Q3FY24.

Total expenses for Q3FY25 decreased to ₹78.17 lacs from ₹117.12 lacs in the corresponding quarter of the previous year, with employee benefits expense reducing to ₹25.43 lacs from ₹36.81 lacs.

Q2FY26 Results and Exceptional Loss

The Q2FY26 performance revealed even more challenging circumstances, with the company reporting a substantial exceptional loss of ₹334.79 lacs arising from settlement awards with PBBCI - Doordarshan New Delhi.

Financial Position and Assets

As of September 30, 2025, Creative Eye Limited maintained total assets of ₹2,635.05 lacs compared to ₹2,751.10 lacs as of March 31, 2025. The company's equity base stood at ₹1,863.08 lacs, supported by a consistent paid-up equity share capital of ₹1,002.91 lacs.

Cash Flow and Operations

The cash flow statement for the half year ended September 30, 2025, showed net cash outflow from operating activities of ₹1,71,62,649, while investing activities generated ₹28,97,213. The company's closing cash and cash equivalents stood at ₹7,71,80,948.

Creative Eye Limited operates in a single business segment focused on TV content production. The company's Managing Director Ashutosh Kochhar led the board approval process, with all financial statements prepared in compliance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013.

Creative Eye Limited has announced a board meeting scheduled for February 16, 2026, at 11:30 a.m. to address significant governance and leadership changes. The meeting will be held at "Kailash Plaza", Plot No. 12-A, New Link Road, Andheri (West), Mumbai 400 053.

Key Agenda Items

The board meeting will focus on several critical matters related to directorship changes and committee restructuring:

Leadership Transition

The company will consider and approve the appointment of Sanjay Rane, bearing Director Identification Number 03091756, as an additional non-executive director. This appointment represents a strategic addition to the board's composition and expertise.

Simultaneously, the board will formally acknowledge the resignation of Madan B. Gosavi (DIN: 10303662) from his position as Additional Director. Gosavi's departure also necessitates his removal from various committee positions within the company.

Committee Restructuring

Following the directorship changes, Creative Eye Limited will undertake a comprehensive reconstitution of its key governance committees:

• Audit Committee - Oversight of financial reporting and internal controls
• Nomination & Remuneration Committee - Management of board appointments and compensation
• Stakeholder Relationship Committee - Handling investor relations and grievances

This restructuring ensures continued compliance with regulatory requirements and maintains effective corporate governance standards.

Regulatory Compliance

The board meeting notification has been submitted to both major stock exchanges where the company's shares are listed. Company Secretary and Compliance Officer Prema Dubey (ACS 26514) has formally communicated these developments to the Bombay Stock Exchange Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance under applicable listing regulations.

The meeting agenda also includes provisions for discussing additional matters with the chairperson's permission, allowing flexibility for any urgent business requirements that may arise during the proceedings.