TV Vision Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued financial challenges with significant losses and operational difficulties. The broadcasting company also made a key management appointment during this period.

Financial Performance Overview

The company's Q3 FY26 performance showed mixed results compared to the previous year. While the net loss improved marginally, revenue declined substantially, indicating ongoing operational challenges.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, TV Vision Limited reported substantial losses across all key metrics. The company's revenue from operations declined significantly compared to the corresponding period in the previous year.

Key Management Appointment

The Board of Directors approved the appointment of Mr. Hemant Patil as Chief Financial Officer, effective February 04, 2026. Mr. Patil brings extensive experience in financial management, accounting, compliance, and strategic financial planning to strengthen the company's financial governance framework.

Operational and Financial Challenges

The company continues to face significant operational difficulties. Total expenditure for Q3 FY26 was ₹649.36 lakhs compared to revenue of only ₹48.00 lakhs, resulting in substantial losses. Key expense components included:

Auditor Concerns and Going Concern Issues

The company's auditors have expressed material uncertainty regarding TV Vision Limited's ability to continue as a going concern. Key concerns include loan defaults, classification as non-performing asset by banks, substantial losses, and negative total equity. The auditors noted that the company has received a petition from one of its creditors before the National Company Law Tribunal (NCLT), Mumbai Bench, though the impact remains unascertainable.

Company Background

TV Vision Limited operates in the broadcasting segment and is part of the Sri Adhikari Brothers Enterprise group. The company's paid-up equity share capital stands at ₹3,874.45 lakhs with a face value of ₹10 per share. The financial results were approved by the Board of Directors at their meeting held on February 04, 2026, following review by the Audit Committee.

TV Vision Limited faces escalated legal proceedings as the entertainment sector company received a copy of a petition filed before the National Company Law Tribunal (NCLT). This development follows the company's earlier disclosure of receiving a demand notice under the Insolvency and Bankruptcy Code from the same creditor.

NCLT Petition Filing

TV Vision Limited received a copy of a petition filed before the Hon'ble National Company Law Tribunal by Swami Films Entertainment Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor has escalated the matter from the initial demand notice stage to formal tribunal proceedings.

Legal Proceedings Timeline

The current NCLT petition represents an escalation from TV Vision's earlier intimation regarding receipt of a demand notice from the same creditor. Swami Films Entertainment Private Limited initially served a demand notice under Section 9 of the Insolvency and Bankruptcy Code, claiming an outstanding amount of ₹4.90 crores. The matter has now progressed to formal tribunal proceedings with the filing of the petition.

Company Disclosure and Impact

TV Vision Limited has made this disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, considering the receipt of the petition copy as material information. The company has specifically noted that this development may have an impact on its operations and financial position, highlighting the significance of the legal proceedings.

Stakeholder Communication

The company has committed to keeping stakeholders informed of any further material developments in this matter as they occur. TV Vision Limited filed this latest intimation on December 30, 2025, ensuring continued transparency with market participants and regulatory authorities regarding the ongoing insolvency proceedings.