Mediaone Global Entertainment Limited has reported challenging financial results for the second quarter of fiscal year 2026, with the entertainment company posting a net loss amid zero operational revenue. The company's unaudited standalone financial results for the quarter ended September 30, 2025, were reviewed by Vivekanandan Associates, Chartered Accountants, under Regulation 33 of SEBI regulations.

Financial Performance Overview

The company's financial performance showed a stark contrast compared to the previous year, with significant deterioration across key metrics:

Revenue and Operational Challenges

Mediaone Global Entertainment reported zero revenue from operations during Q2FY26, a complete decline from the ₹210.00 lakhs recorded in Q2FY25. The company operates across three business segments: exhibition, distribution, and production. In the previous year's corresponding quarter, the production segment had contributed ₹210.00 lakhs to total income.

Expense Analysis

Despite the absence of operational revenue, the company incurred total expenses of ₹46.55 lakhs during the quarter. The major expense components included:

Depreciation and amortization expenses remained the largest cost component, accounting for approximately 67.89% of total expenses during the quarter.

Half-Year Performance

For the six-month period ended September 30, 2025, Mediaone Global Entertainment reported a cumulative net loss of ₹111.50 lakhs with zero revenue from operations. This compares unfavorably with the same period in the previous year when the company had achieved a net profit of ₹422.10 lakhs on revenue of ₹2,412.40 lakhs.

Balance Sheet Position

The company's balance sheet as of September 30, 2025, showed total assets of ₹5,120.29 lakhs, down from ₹5,178.29 lakhs as of March 31, 2025. Key balance sheet highlights include:

• Non-current assets: ₹2,649.75 lakhs, primarily comprising other intangible assets worth ₹1,446.91 lakhs
• Current assets: ₹2,470.54 lakhs, including production inventories of ₹634.40 lakhs and trade receivables of ₹1,778.45 lakhs
• Paid-up equity share capital: ₹1,472.00 lakhs, remaining unchanged

Auditor's Review

The financial results were subject to a limited review by R. Lakshminarayanan, Partner at Vivekanandan Associates, Chartered Accountants. The auditor's report, dated November 14, 2025, confirmed that the unaudited standalone financial results were prepared in accordance with Indian Accounting Standards and disclosed the required information under SEBI regulations without any material misstatements.

Mediaone Global Entertainment Limited has announced a key leadership appointment following its board meeting held on December 24, 2025. The company's Board of Directors approved the appointment of Mr. Jayabalan Jayakumar as Additional Director (Executive), strengthening its executive leadership team.

Board Meeting Details

The board meeting was conducted on December 24, 2025, from 5:00 PM to 6:00 PM. The appointment was approved in compliance with Regulation 30 and other applicable regulations of the Listing Regulations, with the company promptly informing BSE Limited of the outcome through an official communication.

New Director Profile

The appointment details reveal Mr. Jayakumar's extensive industry background and qualifications:

Mr. Jayabalan Jayakumar brings significant expertise to the company as a professional film producer with over two decades of experience in the entertainment industry. His extensive background in film production aligns well with Mediaone Global Entertainment's business focus in the entertainment sector.

Regulatory Compliance

The company has fulfilled all regulatory requirements for the appointment. According to the disclosure made pursuant to BSE and NSE circulars, Mr. Jayabalan Jayakumar is not debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority. The appointment does not involve any relationship between existing directors, ensuring independence in the board structure.

Corporate Governance

The appointment was processed in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and other applicable listing regulations. The company secretary and compliance officer, Anusha Govind, has ensured all procedural requirements are met for this executive appointment.

This strategic appointment reflects Mediaone Global Entertainment's commitment to strengthening its leadership team with experienced professionals from the entertainment industry, potentially enhancing the company's operational capabilities and strategic direction.