TV Vision Limited Reports Quarterly Loss, Reappoints Independent Director

TV Vision Limited , a broadcasting company, has reported a standalone net loss of ₹515.57 lakhs for the quarter ended June 30, 2025, according to the company's latest financial results. This marks a significant improvement from the ₹700.40 lakhs loss reported in the same quarter of the previous year.

Financial Performance

The company's total income for the quarter decreased to ₹757.46 lakhs, down from ₹2,183.39 lakhs in the corresponding period last year. This substantial decline in revenue highlights the challenges faced by the company in the current business environment.

Board Decisions

In a board meeting held on August 07, 2025, TV Vision Limited made several key decisions:

1. Director Reappointment: The Board approved the reappointment of Mr. Pritesh Rajgor as an Independent Director for a term of five consecutive years, from November 24, 2025, to November 23, 2030. This decision is subject to shareholder approval.

2. Secretarial Auditor Appointment: M/S. HRU & Associates were appointed as Secretarial Auditors for a term of five consecutive years, starting from the financial year 2025-2026 until the conclusion of the financial year 2029-2030.

3. Registered Office Relocation: The company has shifted its registered office within the same building complex, moving from the 4th floor to the 7th floor of Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (W), Mumbai 400 053.

Auditor's Observations

The company's auditors have highlighted several material uncertainties regarding TV Vision Limited's status as a going concern. These concerns stem from:

• Loan defaults and subsequent recall by secured lenders
• Classification of the company's account as a Non-Performing Asset by banks
• Current liabilities substantially exceeding current assets
• Issuance of notices under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
• Initiation of recovery proceedings with the debt recovery tribunal
• Symbolic possession of mortgaged property provided as collateral by promoters and promoter group companies
• Invocation of part of the shares pledged as collaterals by banks
• Invocation of corporate guarantees from loan guarantors by the company's secured lenders

The auditors noted that no provision has been made in the company's books for interest or penal interest on term loans classified as Non-Performing Assets. This could potentially understate the finance cost, total loss, and current financial liabilities by approximately ₹346.70 lakhs for the quarter.

Additionally, the auditors pointed out that the aggregate carrying value of Business and Commercial Rights in the company's books as of June 30, 2025, stands at ₹2,353.31 lakhs. However, there has been no revenue generation from these assets, leading to substantial losses.

These factors, combined with the company's negative Total Equity as of June 30, 2025, raise significant doubts about TV Vision Limited's ability to continue as a going concern.

Despite these challenges, the company's management continues to prepare financial statements on a going concern basis. The coming quarters will be crucial for TV Vision Limited as it navigates these financial difficulties and strives to return to profitability.