TV Vision Limited , a broadcasting company, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing ongoing financial struggles and raising concerns about its ability to continue as a going concern.

Financial Performance

The company reported a net loss of Rs 515.57 lakhs for the quarter, a slight improvement from the Rs 526.05 lakhs loss in the same quarter last year. Income from operations stood at Rs 994.17 lakhs for the period.

Balance Sheet Concerns

TV Vision's financial position remains precarious, with the company reporting:

• Negative total equity of Rs 12,489.12 lakhs on a standalone basis
• Negative total equity of Rs 15,895.29 lakhs on a consolidated basis

These figures underscore the severity of the company's financial distress.

Auditor's Observations

The company's auditors have highlighted several critical issues:

Going Concern Uncertainty

The auditors emphasized material uncertainty regarding TV Vision's ability to continue as a going concern, citing:

• Loan defaults
• Asset seizures by lenders
• Substantial losses
• Current liabilities significantly exceeding current assets

Qualified Opinion

The auditors issued a qualified opinion, noting:

• Unprovided interest expenses of approximately Rs 346.70 lakhs on defaulted loans
• Potential impairment of business and commercial rights worth Rs 1,982.99 lakhs

Business and Commercial Rights

The carrying value of Business and Commercial Rights in the company's books as of September 30, 2025, is Rs 1,982.99 lakhs. However, there has been no revenue generation from these assets during the quarter or in previous financial years, contributing to the substantial losses incurred.

Financial Challenges

TV Vision faces severe financial challenges, including:

• Recalls of loans by secured lenders
• Notices under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
• Recovery proceedings initiated with debt recovery tribunal
• Symbolic possession of mortgaged property provided as collateral by promoters/promoter group companies
• Invocation of shares pledged as collaterals by banks
• Invocation of corporate guarantees from loan guarantors

These factors, combined with the ongoing losses and negative equity position, cast significant doubt on TV Vision's ability to continue as a going concern. The company's management and board will need to address these financial challenges and explore options for restructuring or securing additional funding to ensure the company's future viability.

TV Vision Limited , a prominent player in the Indian media industry, has announced a significant change in its top management. Santosh Thotam, the company's Chief Financial Officer (CFO) and Key Managerial Personnel, has tendered his resignation, effective November 10, 2025.

Resignation Details

The company disclosed this development in a regulatory filing to both the BSE Limited and the National Stock Exchange of India Limited. According to the filing, Mr. Thotam submitted his resignation letter on November 10, 2025, citing personal reasons for his departure.

Key Points of the Resignation

Company's Response

TV Vision Limited has accepted Mr. Thotam's resignation and will be completing the necessary formalities related to his departure in due course. The company's board expressed its gratitude for Mr. Thotam's contributions during his tenure.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, TV Vision Limited promptly informed the stock exchanges about this management change. The company has also provided additional details as required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Looking Ahead

While the departure of a key executive can often raise questions about a company's future direction, TV Vision Limited has not yet announced any plans regarding Mr. Thotam's successor. Stakeholders will likely be watching closely for any further announcements regarding the CFO position and its potential impact on the company's financial strategy.

This development comes at a time when the media industry is facing rapid changes and challenges. The appointment of a new CFO will be crucial for TV Vision Limited as it navigates the evolving landscape of the Indian media sector.