GV Films Limited Appoints Independent Director and Reconstitutes Board Committees

GV Films Limited announced significant board changes following a meeting held on January 9, 2026, at the company's registered office in Mumbai. The board appointed a new independent director and reconstituted key committees to strengthen corporate governance.

New Independent Director Appointment

The board appointed CS Himanshu Keshubhai Togadiya (DIN: 07610961) as Additional Independent Director. Togadiya is a Fellow member of the Institute of Company Secretaries of India with over 9 years of experience in corporate laws and listing agreement compliance.

Parameter:	Details
Name:	Himanshu Keshubhai Togadiya
DIN:	07610961
Qualification:	Fellow, Institute of Company Secretaries of India
Experience:	9+ years in Corporate Laws, SEBI matters
Specialization:	IPOs, Rights Issues, Takeovers, Corporate Compliance

Togadiya has extensive experience handling Initial Public Issues, Rights Issues, Bonus Issues, Preferential Allotments, QIPs, and takeovers of listed and unlisted companies. He currently operates his own practice in corporate laws and serves as advisor to SME IPOs and listed companies on compliance matters.

Board Committee Reconstitution

Following Togadiya's appointment, the board reconstituted three key committees with new leadership structures.

Audit Committee

S.No:	Name	Category	Role
1	Himanshu Keshubhai Togadiya	Non-Executive Independent Director	Chairperson
2	Arumugam Pillai Manimegalai	Non-Executive Independent Director	Member
3	Balagiri Vethagiri	Executive Director	Member

Nomination and Remuneration Committee

S.No:	Name	Category	Role
1	Himanshu Keshubhai Togadiya	Non-Executive Independent Director	Chairperson
2	Arumugam Pillai Manimegalai	Non-Executive Independent Director	Member
3	Sadagopan Kamala Kannan	Non-Executive Non-Independent Director	Member

Stakeholders Relationship Committee

S.No:	Name	Category	Role
1	Arumugam Pillai Manimegalai	Non-Executive Independent Director	Chairperson
2	Balagiri Vethagiri	Executive Director	Member
3	Himanshu Keshubhai Togadiya	Non-Executive Independent Director	Member

Strategic Business Discussions

The board discussed various opportunity plans and business prospects available in the current market scenario. Key focus areas included:

Exploring capital raising options for future business expansion
Strategies for exploiting film rights currently held by the company
Evaluating new business opportunities in the entertainment sector

The meeting, which commenced at 11:30 AM at the company's registered office in Goregaon East, Mumbai, concluded at 4:55 PM. The appointment and committee reconstitution align with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, demonstrating the company's commitment to regulatory compliance and enhanced corporate governance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.13%	-8.00%	-26.98%	+24.32%	-35.21%	0.0%

GV Films Limited has announced its unaudited financial results for the quarter ended September 30, 2025, marking a significant turnaround in its financial performance. The Mumbai-based film production and distribution company returned to profitability after reporting losses in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance showed marked improvement across key financial metrics. GV Films reported revenue from operations and demonstrated effective cost management during the period.

Metric	Q2FY26	Q2FY25	Change
Revenue from Operations	₹30.00 lakhs	₹0.00 lakhs	New revenue
Other Income	₹72.98 lakhs	₹0.05 lakhs	Significant increase
Total Income	₹102.98 lakhs	₹0.05 lakhs	Substantial growth
Net Profit/(Loss)	₹1.16 lakhs	(₹30.94 lakhs)	Return to profit

Six-Month Performance Analysis

For the six-month period ended September 30, 2025, GV Films demonstrated sustained improvement in its financial position. The company's half-yearly results reflected the positive momentum established in the second quarter.

Parameter	H1FY26	H1FY25	Variance
Total Revenue	₹110.00 lakhs	₹0.00 lakhs	New revenue stream
Total Income	₹262.50 lakhs	₹0.10 lakhs	Dramatic increase
Net Profit/(Loss)	₹20.58 lakhs	(₹89.52 lakhs)	Turnaround to profit
Basic EPS	₹0.0011	(₹0.0048)	Positive earnings

Expense Management and Cost Structure

The company maintained disciplined expense management during the quarter. Total expenses for Q2FY26 stood at ₹101.82 lakhs compared to ₹30.99 lakhs in Q2FY25. Key expense components included finance costs of ₹89.47 lakhs, employee benefit expenses of ₹3.71 lakhs, and other expenses of ₹7.32 lakhs.

Balance Sheet Position

As of September 30, 2025, GV Films maintained a strong balance sheet with total assets of ₹17,133.77 lakhs. The company's equity position remained robust at ₹12,331.47 lakhs, supported by paid-up equity share capital of ₹18,646.28 lakhs.

Asset Category	September 2025	March 2025
Total Non-Current Assets	₹11,890.36 lakhs	₹11,740.49 lakhs
Total Current Assets	₹5,243.42 lakhs	₹5,278.77 lakhs
Cash and Cash Equivalents	₹13.60 lakhs	₹10.06 lakhs

Regulatory and Compliance Updates

The company received approval from the Ministry of Corporate Affairs for extension of time to hold its Annual General Meeting for FY2025, with the extended deadline set for December 1, 2025. The Board of Directors approved these results at their meeting held on November 14, 2025, with statutory auditors expressing a qualified opinion on the results.

Business Outlook and Strategic Initiatives

GV Films operates exclusively in film production and distribution segment. The company has implemented a comprehensive strategy focusing on market analysis and expansion, cost optimization, product innovation, strategic partnerships, and financial restructuring to support future growth initiatives. Management expressed confidence in the company's ability to generate sustainable income in the coming years, supported by substantial inventory with monetization prospects.