Sea TV Network Limited, a media company, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing significant auditor concerns regarding interest provisions on unsecured loans.

Financial Results and Auditor Concerns

The Board of Directors of Sea TV Network Limited approved the unaudited standalone and consolidated financial results in a meeting held on November 10, 2025. However, the company's auditors highlighted crucial issues in their limited review report:

• Non-provision of interest on unsecured loans amounting to Rs 56.16 lakhs for the quarter
• Non-provision of interest on unsecured loans totaling Rs 110.04 lakhs for the half-year

The auditors noted that this non-recognition of interest expense does not comply with IndAS 109 Financial Instruments requirements. They further emphasized that had the interest been provided, the company's losses would have been higher by the respective amounts.

Subsidiary Companies

The consolidated results include financial data from two subsidiary companies:

1. Jain Telemedia Services Limited
2. Sea News Network Limited

Board Meeting Details

Documents Submitted

As per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted the following documents:

1. Limited Review Report on the Standalone and Consolidated Financial Results
2. Un-Audited Financial Results (Standalone & Consolidated) for the Second quarter/Half year ended September 30, 2025

Implications for Investors

The auditor's concerns regarding the non-provision of interest on unsecured loans raise questions about the company's financial reporting practices. Investors should carefully consider these issues when evaluating Sea TV Network's financial health and performance.

As the company has not provided the actual financial figures in the available information, investors are advised to review the detailed financial statements once they are made public to get a complete picture of Sea TV Network's financial position and performance for the quarter and half-year ended September 30, 2025.

Sea TV Network Limited, a player in the Indian media landscape, has announced significant changes to its board composition and committee structure, signaling a move towards strengthening its corporate governance.

New Appointments Bring Diverse Expertise

The company has appointed Mr. Ashok Kumar Jain and Ms. Anuprriya Goyel as Non-Executive Independent Directors, effective August 16, 2025. Both appointments are for a five-year term and are subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Jain brings over 36 years of experience in the banking and finance industry, having served in various capacities at Union Bank of India, including as General Manager and adviser at the Corporate Office in Mumbai. He also held the position of Senior Vice President at ASREC (India) Limited in Mumbai, contributing his expertise in credit monitoring and rural development.

Ms. Goyel, a qualified company secretary, brings more than 5 years of experience in corporate law, with a focus on Companies Act compliance and SEBI regulations. Her appointment is expected to enhance the board's expertise in legal and regulatory matters.

Board Committee Reconstitution

Following these appointments, Sea TV Network has reconstituted four key board committees:

1. Audit Committee
2. Nomination & Remuneration Committee
3. Stakeholders Relationship Committee
4. Risk Management Committee

Both Mr. Jain and Ms. Goyel have been inducted as members of all four committees, potentially bringing fresh perspectives to these crucial governance bodies.

Strengthening Corporate Governance

The addition of these new directors appears to be part of Sea TV Network's efforts to enhance its corporate governance structure. Neither of the new appointees holds shares in the company or has any relationships with existing board members, underscoring their independence.

Rajeev Kumar Jain continues to chair the Audit Committee and Stakeholders Relationship Committee, while Narendra Kumar Jain remains at the helm of the Nomination and Remuneration Committee and the Risk Management Committee.

These changes come as companies increasingly focus on robust corporate governance practices, with particular emphasis on board diversity and independent oversight.

The appointments and committee reconstitutions took effect immediately following the board meeting on August 16, 2025, which lasted from 4:00 PM to 5:15 PM.

Sea TV Network Limited's move to strengthen its board and committees could be seen as a positive step towards enhancing shareholder value and ensuring more effective corporate governance. As the media landscape continues to evolve, such strategic appointments may help the company navigate future challenges and opportunities in the sector.